Prem Reddy

Prime Healthcare Gets OK to Buy St. Francis Medical Center for $350 Million

Ontario-based Prime Healthcare Inc. has received approval to purchase St. Francis Medical Center in Lynwood from bankrupt Verity Health System for more than $350 million.
Sam Nazarian, founder and chief executive of sbe.

Ghost Kitchens Venture Plans Extensive Hiring

C3, the brainchild of Beverly Hills-based SBE, mall giant Simon Property Group Inc. and hospitality company Accor, is hiring for more than 500 jobs in L.A.

Read More Recent News


Los Angeles International Airport has had sharp drop in passenger traffic due to the coronavirus pandemic.

Traffic Drops and Terminals Close at LAX

A sharp drop in passenger traffic has prompted steep reductions in the number of flights and the closure of terminals at LAX.
LAX construction continues during the pandemic.

Major Projects Remain on Track

While work has shut down across much of the region as shelter-in-place restrictions have taken hold, construction on several of the area’s largest infrastructure projects has mostly continued apace.
Patrick Soon-Shiong plans to use St. Vincent Medical Center at 2131 West Third Street for Covid-19 care.

Soon-Shiong Bids for St. Vincent

Patrick Soon-Shiong has submitted an offer to buy the recently shuttered St. Vincent Medical Center in Westlake for $135 million.


A home Hilton & Hyland's David Kramer and Ziv Gabay are selling at 541 N. Alamar Ave. in Pacific Palisades offers videos and floorplans.

Virus Forces Brokers to Get More Creative

Top residential real estate agents in Los Angeles are trying to find ways of selling properties while people are observing the “safer at home” ordinance.
People On The Move



Reader Poll

READER POLL: Should marijuana dispensaries be considered essential businesses?

In This Week's Issue


Tease photo

Medical Companies Quickly Pivoting

LA firms seeking ways to fight virus

As the coronavirus pandemic rages, many local biomedical and health care companies are rapidly turning their businesses toward fighting Covid-19.


Tease photo

2020 Private Equity Special Report

LA’s private equity firms are charting a new course in turbulent times

Our timely special report on L.A.’s private equity scene takes a close look at how some of the city’s top firms are acting and reacting now, and how they’re positioning themselves for the uncertain times ahead.


Tease photo

MGM Plays Waiting Game

Delay to Bond film causes concern

MGM had hoped its latest Bond film would ease its financial concerns this month but it was forced to delay the release until November.


Tease photo

Hearthy Offers Healthy Fare

Alternative flour maker sees gains in market

The recent shortage of all-purpose flour has forced some consumers to reach for Hearthy Foods’ non-grain options.


Tease photo

Stream Teams

As viewers turn to streaming, content companies turn to LA

Although some of the companies may be headquartered elsewhere, the heart and soul of entertainment’s streaming video industry lives and thrives in Los Angeles.


Latest Local News

Prem Reddy

Prime Healthcare Gets OK to Buy St. Francis Medical Center for $350 Million

Ontario-based Prime Healthcare Inc. has received approval to purchase St. Francis Medical Center in Lynwood from bankrupt Verity Health System for more than $350 million.
Sam Nazarian, founder and chief executive of sbe.

Ghost Kitchens Venture Plans Extensive Hiring

C3, the brainchild of Beverly Hills-based SBE, mall giant Simon Property Group Inc. and hospitality company Accor, is hiring for more than 500 jobs in L.A.

People On The Move
Los Angeles International Airport has had sharp drop in passenger traffic due to the coronavirus pandemic.

Traffic Drops and Terminals Close at LAX

A sharp drop in passenger traffic has prompted steep reductions in the number of flights and the closure of terminals at LAX.
Events
The CRE Awards dinner will honor the most successful brokers and broker teams in Los Angeles. We will honor the developer, architect, and general contractor of each award-winning project. Prior to our awards dinner, we will host a Commercial Real Estate Outlook and Trends panel. Our panel of experts will weigh in on the latest developments and how the LA market will be impacted this year.
LAX construction continues during the pandemic.

Major Projects Remain on Track

While work has shut down across much of the region as shelter-in-place restrictions have taken hold, construction on several of the area’s largest infrastructure projects has mostly continued apace.
Reader Poll
READER POLL: Should marijuana dispensaries be considered essential businesses?
Companies On The Move
Patrick Soon-Shiong plans to use St. Vincent Medical Center at 2131 West Third Street for Covid-19 care.

Soon-Shiong Bids for St. Vincent

Patrick Soon-Shiong has submitted an offer to buy the recently shuttered St. Vincent Medical Center in Westlake for $135 million.

Events

The CRE Awards dinner will honor the most successful brokers and broker teams in Los Angeles. We will honor the developer, architect, and general contractor of each award-winning project. Prior to our awards dinner, we will host a Commercial Real Estate Outlook and Trends panel. Our panel of experts will weigh in on the latest developments and how the LA market will be impacted this year.
Subscribe to Los Angeles Business Journal's daily e-news alerts