Stories for November 2018
Friday, November 30
LA Sports Council Taps Dodgers Exec as New President
The Los Angeles Sports Council has named longtime Los Angeles Dodgers executive David Siegel president of the organization, according to an announcement Nov. 30.
Silicon Beach Report Nov. 30: Bankruptcy on Horizon for Faraday Future?
NationBuilder’s Jim Gilliam passes away; Grindr president addresses homophobic statement; Faraday Future facing bankruptcy
Construction Costs Tick Up
Real Estate: Contractors unfazed; some projects altered
Material costs take a bite out of L.A.’s booming construction market.
New Insights on Streaming
Media: TV Time to provide data on Netflix, others
TV Time helps users binge more efficiently.
Salad Shop Turns to Tech
Restaurants: Sweetgreen plans blockchain rollout
Sweetgreen turns to blockchain to track supply chain.
Skyview Bets on Cold Brew
Finance: Private equity firm backs Shark Tank reject
After reality TV cold shoulder, coffee startup gets funding jolt.
Street Vending Legal After Vote
RETAIL: Ordinance restrictions placate brick-and-mortar shop owners
City Council allows street vending, with limits.
ArcWest Receives Additional $100M
Urban acquisitions on tap for joint venture
ArcWest looks to venture out with $100M allocation.
Tutor Perini Tapped for $800M Rail Contract
Construction company Tutor Perini Corp. announced that its wholly owned subsidiary
Shipsi Raises $1.9M Seed Round
Venice-based logistics company Shipsi Inc. raised $1.9 million in a seed round, the company announced Nov. 28.
Car Washes to Pay $1M in Back Wages
Two car washes in Los Angeles County have been ordered to pay more than $1 million in back wages to its employees.
Inglewood Plans Hotel Near New Stadium
Inglewood may soon be getting a new hotel.
Rarified Air
Los Angeles International Airport sees passenger growth once again
LAX sees passenger growth.
Gallagher Acquires Long Beach Brokerage
Deal for R.T. Beers adds more than 400 clients to firm’s growing roster
Arthur J. Gallagher expands in SoCal with R.T. Beers acquisition.
Capital Campaign Funds Clinic Makeover
Orthopaedic Institute for Children rachets up work on pediatric fracture clinic
Orthopaedic Institute begins work on medical pavilion.
Disney’s Deal for Fox Barrels Toward Close
DOJ signs off despite antitrust groups’ concerns over competition in market
Fairy tale ending may come sooner than expected for Disney’s Fox deal.
$60.5M for Long Beach Creative Office ‘Hubb’
Redwood Partners shells out hoping to attract startup crowd farther south
Redwood Partners drops anchor in Long Beach with Hubb purchase.
Generosity Shines Through the Gloom
From contentious election campaigns, to #MeToo accounts of assault and harassment, to mass shootings and destructive wildfires, it would be easy to classify 2018 as a year of anguish and turmoil. But that wouldn’t tell the whole story.
Construction Job Shortage Presents Challenge
Californian’s rejection of Proposition 6 last month – a state ballot measure that would have repealed tax legislation intended to fund transportation infrastructure upgrades – means the state is projected to raise $52.4 billion over the next decade for badly needed repairs to our state’s aging roads, highways and bridges.
No Vacancy
Well-heeled companies lock in leases at projects still under construction
L.A. office space being filled before it’s built.
Thursday, November 29
Radiology Partners Signs $33M Lease in El Segundo
Radiology Partners is moving its headquarters to a new building in El Segundo, signing a lease valued at $33 million, CBRE Group Inc. announced Nov. 29. The company is currently headquartered in a different El Segundo building.
Silicon Beach Report Nov. 29: Sound Ventures Backs $2M LearnLux Round
Snap struggles with user demographics; Sinemia allowing fee-free purchases; LearnLux raises $2 million seed led by Sound Ventures
The Madera Group Raises $20.85M From Breakwater to Fund Restaurant Expansion
West Hollywood-based hospitality firm the Madera Group completed a round of equity funding with a $20.85 million capital raise that will help expand three of its healthy-leaning, Mexican-themed restaurant chains throughout the United States.
Wednesday, November 28
Metro’s Purple Line Extension Gets $100M in Fed Transit Funds
Los Angeles County Metropolitan Transportation has received $100 million from the Federal Transit Administration to fund the last section of the Metro Purple Line Extension Project, which will run from Century City to Westwood.
UCLA Develops Technique to ID ‘Small’ Molecules to Speed Drug Discovery and Production
UCLA has developed a new way to identify “small” molecules that could speed up drug discovery and manufacturing.
Silicon Beach Report Nov. 28: Cinedigm Acquires ComicBlitz
Exactly Right podcast network debuts; SpaceX delays Vandenberg launch; ComicBlitz acquired by film distributor.
Sole Source Capital Buys Individual FoodService, Plans Partnership With South Gate Food Distributor
Santa Monica private equity firm Sole Source Capital has acquired Individual FoodService, a Bell, Calif.-based food distributor.
Los Angeles City Council Approves Sidewalk Vending Regulations
After a nearly decade-long campaign by street vendors for legalization and facing a deadline to act before a state law limiting the ability of cities to regulate sidewalk vending, the Los Angeles City Council on Nov. 28 voted unanimously to approve regulations for sidewalk vending.
BottleKeeper Raises $1 Million From 'Shark Tank' Investors
El Segundo-based BottleKeeper, a company that promises to keep warm beer out of your hands, raised $1 million from investors on ABC’s Shark Tank.
Behind the Chef Coats at Fleming’s Steakhouse - Pasadena & LA Live
Custom Content from the Los Angeles Business Journal
A casual observer might see Fleming’s Prime Steakhouse & Wine Bar and think it’s just like any other chain steakhouse. If only they knew what was cooking behind the scenes.
Shipsi Raises $1.9 Million Seed Round
Venice-based logistics company Shipsi Inc. raised $1.9 million in a seed round, the company announced Nov. 28.
Jam City Acquires Bingo Pop Mobile Game
Culver City–headquartered mobile game developer Jam City Inc. reported Nov. 28 it acquired a new title from Uken Studios Inc., which does business as Uken Games. The news came less than two weeks after Jam City announced its strategic partnership agreement with the Walt Disney Co.
Tuesday, November 27
Boring Company Drops West Side Tunnel Plan, Settles Lawsuit
Elon Musk’s Boring Co. will no longer seek to build a 2.8-mile Sepulveda test tunnel, the company announced in a Nov. 27 statement.
Silicon Beach Report Nov. 27: March Capital Backs Nifty Games
Disney, Google sign advertising deal; NBCUniversal makes use of AI; Axiomatic and March Capital invest in Nifty Games.
USC Researchers Aim to Eradicate Polio With New Freeze-Dried Polio Vaccine
Scientists at USC have created a freeze-dried polio vaccine that needs no refrigeration, widening its reach across the globe, according to a USC study published on Nov. 27.
Car Washes to Pay $1 Million in Back Wages
Two car washes in Los Angeles County have been ordered to pay more than $1 million in back wages to its employees.
First Nonstop Flights From LAX to Africa to Begin Next Month
With new route, LA will have nonstop access to six continents
Los Angeles International Airport will get its first nonstop flight to Africa starting next month as Ethiopian Airlines launches service from LAX to Togo and then onto Ethiopia, the airport announced Nov. 27.
Tetra Tech Wins Portion of $100M Federal Contract
Five firms tapped to provide engineering services in Republic of Korea
Pasadena engineering firm Tetra Tech Inc. has won a portion of a contract potentially worth $100 million over five years from the U.S. Army Corps of Engineers to provide architectural and engineering services to the Corps and other U.S. government agencies in the Republic of Korea.
UCLA/Berkeley Study: Change in ACA Could Increase Statewide Uninsured to 4.4M by 2023
More than 4 million Californians will lack health insurance by 2023 because of a pending change in the federal health insurance law that drops an individual mandate to get health coverage, according to a UCLA and Berkeley study released Nov. 27.
THE OFFICE PROPERTY AND BIG DATA PUZZLE: PUTTING THE PIECES TOGETHER
Custom Content by the Los Angeles Business Journal
A new white paper published by the NAIOP Research Foundation offers insight into the usages and challenges of big data in commercial real estate
Ares Management Converts to Corporation From Limited Partnership
Los Angeles–based global alternative asset manager Ares Management Corp. announced completion of plans to convert to a corporation as part of a move to increase trading liquidity in its stock and broaden stock ownership among institutional and retail investors.
Commercial Real Estate 2019 Outlook: Discussing the Current Commercial Landscape
Custom Content by the Los Angeles Business Journal
A Q&A with Compass Commercial’s Tim Byrne and Dario Svidler
2018 Intellectual Property & Licensing Law Roundtable: What Businesses Need to Know
Custom Content by the Los Angeles Business Journal
What are some of the most meaningful recent changes to the intellectual property law landscape?
Monday, November 26
Top-Read Stories of the Week
Top-Read Stories of the Week
Tutor Perini Lands $800M Rail Contract With C.S. McCrossan
Construction company Tutor Perini Corp. on Wednesday announced that its wholly owned subsidiary, Lunda Construction, will enter a joint venture with C.S. McCrossan on a contract valued at $799.5 million by the Metropolitan Council for the Southwest Light Rail Transit project in Minneapolis.
Silicon Beach Report Nov. 26: JPL InSight Lander Probe Reaches Mars
Netflix settles Satanic Temple lawsuit; Microcel acquired by Atar Capital; Caltech-led probe lands on Mars
Arc Capital Receives $100M From Belay Investment for ArcWest Acquisitions
Downtown-based Arc Capital Partners received an allocation of $100 million from Sherman Oaks-based Belay Investment Group the companies announced Nov. 26.
Friday, November 23
Silicon Beach Report Nov. 23: NASA Schedules SpaceX Flight
Semtech expands to Spain; The Trade Desk announces new offices; SpaceX Dragon launch scheduled for January
Los Angeles Business Journal Innovation Special Report 2018
he Los Angeles Business Journal’s Innovation Special Report takes a look at 20 companies across many industries that are developing new technologies and business practices to solve problems and simplify processes
Beyond Meat Seeks $100M in Initial Offering
First test of public markets for faux meat firms
El Segundo-based Beyond Meat Inc., which makes plant-based meat substitute products, has filed for an initial public offering to raise $100 million to expand its distribution network and customer base.
Cooking Up Cash: Kitchen United Sees Fortunes Rise With Food Delivery Boom
Innovation Special Report
Pasadena-based Kitchen United offers its clients a place to cook.
Digital Domain: GoDigital Media Tracks Where Web Content Used
Innovation Special Report
GoDigital Media Group’s software allows artists, from YouTube content creators to prominent musicians and film studios, to track whenever their work is used and get paid for those uses.
Powering Forward: Romeo Power Breaks Mold on Car Batteries
Innovation Special Report
In the quest to make electric battery packs as safe and energy efficient as possible, Vernon-based manufacturer Romeo Systems Inc., also known as Romeo Power Technology, plans to lead the way.
Versatility Key for Thor: Electric Trucks, Next-Gen Batteries, Modular Chassis
Innovation Special Report
North Hollywood electric-truck startup Thor Trucks Inc. claims two innovations set it apart from other electric truck manufacturers
Processing Paper: Laserfiche is Trying to Put an End to Physical Record-Keeping
Innovation Special Report
Laserfiche believes physical record-keeping will soon be obsolete.
Breaking the Code: H Code Finds Voice in Hispanic Market
Innovation Special Report
Santa Monica-based marketing outfit H Code is laser-focused on the U.S. Hispanic market.
Easy Access: Openpath Looks to Make Building Security More Efficient
Innovation Special Report
Openpath Security Inc. wants to make sure you never get locked out of the office again.
Farm to Family: Milk and Eggs Delivers Farm-Fresh Goods Direct to Consumers
Innovation Special Report
Milk and Eggs is an online food-delivery platform that sources its offerings directly from farmers and artisan food-makers.
Celebrity Bid
Julien’s Auctions finds gold in star’s memorabilia
It didn’t take long after Marvel Comics creator Stan Lee’s death for speculation to begin swirling over the settlement of his estate.
DxTerity Stays Nimble: Customized Blood Test-Maker Moves Into Autoimmune Arena
Innovation Special Report
DxTerity Diagnostics Inc. holds $150 million in contracts for blood tests for radiation, a gene-based test that can triage residents in the aftermath of a nuclear attack.
MJIC Plans Public Offering in 2019
Cannabis distributor heads to Canada
Commerce-based MJIC Inc. plans to raise millions in a private placement before the end of the year and file for a public listing on the Canadian Securities Exchange early next year, the company’s top executive said in an interview.
Coordinated Care: 123 Home Care Alleviates Pressure on Patients, Medical Facilities
Innovation Special Report
123 Home Care has helped thousands of seniors and disabled residents with nonmedical assistance, housekeeping and trips about town.
Second Sight: Second Spectrum Gives Live Insights to NBA Fans
Innovation Special Report
Downtown-based Second Spectrum Inc. is tracking all the National Basketball Association action down to the microsecond.
Friese Frame: Don Kicks Off Holidays with Style
It appears as if one of our local billionaires has a new venture.
WeHo Apartment Building Sells for $16M
Modern amenities planned for 30s-era property
A 1930s-era, 40-unit apartment building in West Hollywood has sold for $15.66 million.
Many Happy Returns: Company Makes Sending Back an E-commerce Purchase Simple
Innovation Special Report
Happy Returns Inc.’s name describes exactly what it set out to do: make e-commerce returns more pleasant for customers and retailers alike.
Getting Ghosted
High-level Snap execs disappear for other ventures after company IPO
Messages aren’t the only thing disappearing at Venice-based app-developer Snap Inc. anymore.
Training Wheels: Talespin Uses VR to Help Companies Train Employees
Innovation Special Report
Talespin is bringing virtual reality to the workplace.
Boxwood Merger Raises $200 Million in IPO
Santa Monica-based firm plans to buy technical, industrial services companies
Santa Monica-based investment fund Boxwood Merger Corp. has closed on a $200 million public offering of its stock.
Space Brokers: Warehouse Exchange Finds Niche in Cargo Storage Industry
Innovation Special Report
Warehouse Exchange bills itself as the Airbnb Inc. of warehouses.
Stubbs Alderton Ups Commitment to Startups
Law firm will dole out up to $50,000 to companies participating in accelerator
Sherman Oaks-based Stubbs Alderton & Markiles is shifting its startup accelerator program into a higher gear.
Brain Gains: Neural Analytics Makes Waves With Portable Brain Scan Headset
Innovation Special Report
Medical-device company Neural Analytics Inc. has developed a portable headset that can assess several types of brain damage, from stroke symptoms to concussions and other disorders.
City of Hope Adding to Stem Cell Capabilities
Hospital partners for Arizona facility
City of Hope National Medical Center is planning an advanced biotech manufacturing plant in Arizona as demand for cell-based therapies to fight cancer is on the rise.
Robo Chef: Miso Robotics Gets Out of the Lab and Into the Kitchen
Innovation Special Report
Miso Robotics Inc. doesn’t believe robots should take every job – just some unpleasant ones.
Dalian Wanda Sells One Beverly Hills for $420M
China-based firm backs off project as Alagem, Cain move in to take lead
One Beverly Hills, one of many Chinese investments in the Southland that went on the market this year, has found a new owner.
Artful Attorney
Dan Clivner I Sidley Austin
International law firm Sidley Austin, headquartered in Chicago, has occupied downtown offices at 555 W. 5th St. for 30 years.
Order Out of Chaos: Canter’s Deli Scion Helps Restaurants Handle Delivery Glut
Innovation Special Report
Alex Canter was frustrated. He was at his family’s famed Canter’s Deli restaurant in the Fairfax District, and the often-bustling restaurant had an additional source of chaos: 14 tablets fielding online orders from third-party food delivery apps.
Innovation Shaped LA, Will Define Future
As we take the time to recognize the innovative companies across the wide variety of industries that make up L.A.’s community of business, we should also take a moment to look at the innovations that made the existence of this city possible
What’s Next? Blue Economy, New Space
An innovation cluster of researchers and startups is starting to form in long underutilized warehouses at the Port of Los Angeles, in pursuit of the idea that the planet’s oceans have the answers to some of mankind’s most perplexing challenges.
Planting Their Flag: Fifth Wall Ventures Connects Legacy Real Estate Firms With Tech Startups
Innovation Special Report
Fifth Wall Ventures co-founder Brendan Wallace is an advocate for new technologies and not just in his professional life as the managing partner of a venture capital firm focused on real estate technology.
Hyperloop Hub: Virgin Hyperloop Headlines Futuristic Transportation Tech’s L.A. Ties
Innovation Special Report
Imagine sitting in a pod with several other passengers, speeding through a tunnel at nearly airplane speeds, propelled by powerful motors.
Inspire’s Energy Experiment: Flat Rates Billed as ‘Subscription Service’
Innovation Special Report
Santa Monica-based Inspire Energy Holdings has a unique pitch for an energy company: selling power to customers on a subscription basis with flat monthly payments.
Downtown Demand High
Retail vacancy down, residential occupancy up in Q3
According to data from the Downtown Center Business Improvement District, the office vacancy rate during the quarter was 17 percent, down 3.4 percent from the same period last year.
Wednesday, November 21
Archytas Ventures’ Xtraction Services Raises $3M in Oversubscribed Round
Archytas Ventures, a Century City-based holding company that specializes in the cannabis industry, has led a $3 million oversubscribed round for one of its equipment companies.
Corporate Citizenship & Giving Guide 2018: From the Battlefield to the Business Field - Resilience for Everyday Warriors
Custom Content by the Los Angeles Business Journal
Grit, determination, and resilience are the key values a coach seeks when scouting a great player.
Corporate Citizenship & Giving Guide 2018: Continuing to Build Upon a Legacy of Giving Back
Custom Content by the Los Angeles Business Journal
We understand the importance of giving back to the local communities that we serve. Our commitment dates back to when Wells Fargo was founded in 1852.
Corporate Citizenship & Giving Guide 2018: Paying it Forward - Turning Passions into Social Good
Custom Content by the Los Angeles Business Journal
After losing their retail business in the San Fernando Valley earthquake of 1994, Kevin and Mare Wachs (pronounced Wax) used their federal recovery funds to create Earthly Body, a naturally-derived personal care products company
Corporate Citizenship & Giving Guide 2018: Americans Demand Authenticity in Corporate Citizenship, According to New Research
Custom Content by the Los Angeles Business Journal
Many Americans think corporate citizenship is very important but also suspect that companies can be more talk than action when it comes to supporting social issues, according to Changing Our World’s latest report, “The Authenticity Opportunity.”
Corporate Citizenship & Giving Guide 2018: The Advot Project
Custom Content by the Los Angeles Business Journal
LEADERSHIP EXECUTIVE LEADERSHIP Naomi Ackerman Founder/Executive Director advotprojectorg@gmail.com BOARD OF DIRECTORS Adam Wergeles Anat Sadan Karen Taback Shawn LaRe’ Brinkley Gary Townsend
Corporate Citizenship & Giving Guide 2018: Los Angeles Regional Food Bank
Custom Content by the Los Angeles Business Journal
LEADERSHIP EXECUTIVE LEADERSHIP Michael Flood President and CEO mflood@lafoodbank.org Roger Castle Chief Development Officer rcastle@lafoodbank.org
Silicon Beach Report Nov. 21: $30 Million for PlayVS
New president at Conde Nast Entertainment; SpaceX secures $250 million; LA Dodgers lead PlayVS Series B round.
Corporate Citizenship & Giving Guide 2018: LA’s BEST
Custom Content by the Los Angeles Business Journal
LA’s BEST plays a vital role in the lives of more than 25,000 elementary school students who come from neighborhoods with the fewest resources and the greatest needs across Los Angeles.
Corporate Citizenship & Giving Guide 2018: Easterseals
Custom Content by the Los Angeles Business Journal
LEADERSHIP EXECUTIVE LEADERSHIP Mark Whitley CEO and President Beverlyn Mendez COO BOARD OF DIRECTORS
Corporate Citizenship & Giving Guide 2018: City of Hope
Custom Content by the Los Angeles Business Journal
At City of Hope, we advance science to make lives whole again. As a world leader in the treatment and research of cancer, diabetes and other diseases, our scientists partner with doctors to transform lab breakthroughs into novel therapies.
Corporate Citizenship & Giving Guide 2018: Children’s Bureau
Custom Content by the Los Angeles Business Journal
Children’s Bureau provides child abuse prevention and treatment services to at-risk children and parents each year through 20 community sites located in Los Angeles and Orange County.
Corporate Citizenship & Giving Guide 2018: APLA Health
Custom Content by the Los Angeles Business Journal
SERVICE AREA Los Angeles County MISSION STATEMENT APLA Health’s mission is to achieve health care equity and promote well-being for the LGBT and other underserved communities and people living with and affected by HIV.
Corporate Citizenship & Giving Guide 2018: American Red Cross
Custom Content by the Los Angeles Business Journal
The Red Cross Los Angeles Region is part of a nationwide network of locally supported chapters and serves over 10 million people in Los Angeles, Inyo, Mono, and Kern Counties.
Corporate Citizenship & Giving Guide 2018: American Heart Association
Custom Content by the Los Angeles Business Journal
The American Heart Association is a national organization, with the Los Angeles County Division serving the neighborhoods of Los Angeles County.
Corporate Citizenship & Giving Guide 2018: American Cancer Society
Custom Content by the Los Angeles Business Journal
We believe that the 100 years of experience of the Society can be leveraged to make a difference in lower-income countries.
Tuesday, November 20
Corporate Citizenship & Giving Guide 2018: Alzheimer’s Los Angeles
Custom Content by the Los Angeles Business Journal
Alzheimer’s LA serves individuals and their families living with Alzheimer’s and other dementias in Los Angeles County and the Inland Empire.
Silicon Beach Report Nov. 20: SpaceX, Boeing Under NASA Scrutiny
Snap retailing Spectacles for $350 each; Activision Blizzard accused of ignoring deaf gamers; Musk’s toking prompts another investigation
Inglewood Approves 120-Room Hotel Near New Stadium
Inglewood may soon be getting a new hotel. The mayor and city council have approved a 120-room Tru by Hilton hotel at the corner of 111th Street and Prairie Avenue, near the future NFL Stadium for the Los Angeles Rams and the Los Angeles Chargers.
Port of Long Beach Lands $14M Grant for Added Train Access
The Port of Long Beach received a $14 million grant from the Trade Corridor Enhancement Program to offset construction costs for a $25 million rail project to increase efficiency and reduce local traffic.
B. Riley's $22.9M Deal for National Holdings Gives Company a Majority Stake
B. Riley Financial Inc. has agreed to a $22.9 million deal that will give it a majority stake in New York financial services firm National Holdings Corp., the Woodland Hills company announced Monday.
New CEO at Dignity Health's Northridge Hospital Medical Center
Dignity Health has named Paul Watkins as president of the nonprofit’s Northridge Hospital Medical Center.
Fashion & Beauty Awards Nominees
Custom Content by the Los Angeles Business Journal
JESSICA ALBA Honest Beauty JEN ATKIN OUAI Haircare TE-SEE BENDER Beauty Style Watch LAUREN BERKOVITZ Lauren B. Beauty MURPHY BISHOP The Better Skin Co. KARISSA BODNAR
Fashion & Beauty Awards: The Digital Beauty Revolution - Three Key Implications for Recruiting Across Consumer Industries
Custom Content by the Los Angeles Business Journal
Legacy beauty brands — Covergirl, L’Oréal, Lancôme, to name a few — have long ruled when it comes to market share and prestige.
Fashion & Beauty Awards: Retail Trends Impacting Apparel Companies
Custom Content by the Los Angeles Business Journal
n an ever-changing, high-demand marketplace, the apparel industry, once driven by the speed of the catwalk, is now driven by a digital age with more data at its fingertips than fabric.
Fashion & Beauty Awards: Building the Next Big Beauty Care Brand... Fast
Custom Content by the Los Angeles Business Journal
Capitalizing on Shifting Consumer Behaviors and Technological Advancements to Scale Faster, Bigger and Better
Monday, November 19
West Hollywood Apartment Building Sells for $16M
A 1930-era, 40-unit apartment building in West Hollywood has sold for $15.66 million.
100 Fastest Growing Private Companies 2018: Los Angeles and California Take Top Spots in Employment Growth in Latest Census Data Report
Custom Content by the Los Angeles Business Journal
When it comes to business growth in terms of employees, the county of Los Angeles and the state of California in general are leading the way.
100 Fastest Growing Private Companies 2018: For Growing Companies, Pasadena has Much to Offer
Custom Content by the Los Angeles Business Journal
When it comes to starting or growing your company, Pasadena has a lot to offer.
Silicon Beach Report Nov. 19: Riot Games’ Latest Venture is Books
“League of Legends” comic book in production; Former Netflix veteran joins ServiceTitan; Virgin Orbit finishes critical flight test
H1Z1 Pro League Shuts Down, Citing Funding Failures
Roughly seven months after beginning its first season, the H1Z1 Pro League announced it will cease operations due to payment issues.
GoForward Opens New Concierge Medical Office at Americana at Brand
GoForward Inc. opened its second mall-based concierge medical service in Los Angeles County on Nov. 19 with a Forward Glendale office located at the Americana at Brand.
Top-Read Stories of the Week
Top-Read Stories
Who's Building L.A. (November 5): The Office Property and Big Data Puzzle: Putting the Pieces Together
Custom Content by the Los Angeles Business Journal
New study explores the effect of big data on office real estate rent
Friday, November 16
Silicon Beach Report Nov. 16: Sony Skipping E3
SpaceX launches communications satellite; Sony bows out of E3 but Activision and Warner Bros. are in; Boring Co. accused of withholding tunnel information
Boxwood Trades First Day on Nasdaq, Raises $200M in IPO
Santa Monica-based Boxwood Merger Corp, led by the former COO of Los Angeles-based engineering services giant Aecom, raised roughly $200 million on its first day of trading Friday.
NantHealth Reports Nearly $100 Million Loss
NantHealth Inc. of Culver City, part of a health care conglomerate owned by Los Angeles billionaire Patrick Soon-Shiong, on Nov. 16 reported a third quarter loss of nearly $100 million, with flat year-over-year revenue.
MedMen Enterprises Names Interim CFO
MedMen Enterprises Inc., a cannabis company based in Culver City, announced Nov. 16 it had appointed Jim Miller as interim chief financial officer.
Reports Peg Dalian Wanda’s Sale of One Beverly Hills at $420M
One Beverly Hills may finally have a new owner. Chinese conglomerate Dalian Wanda Group has sold the property to London-based Cain International and Beverly Hills-based Alagem Capital Group.
L.A. County Unemployment Rate Held Steady at 4.6 Percent in October Despite Job Gains
L.A. County’s unemployment rate held steady at 4.6 percent in October even as the county added more than 43,000 jobs to reach a record high employment level, according to state figures released Nov. 16.
Who's Building L.A. (November 5): Five Decades of Evocative Design
Custom Content by the Los Angeles Business Journal
After nearly half a century, a passionate new generation is igniting significant growth at MVE-Partners
Who's Building L.A. (November 5): Skanska Women’s Network Helps to Develop Women in Construction
Custom Content by the Los Angeles Business Journal
The construction industry is not just for men anymore.
Who's Building L.A. (November 5): Aquarium of the Pacific (New Pacific Visions Wing) - LONG BEACH
Custom Content by the Los Angeles Business Journal
Long Beach’s gorgeous Aquarium of the Pacific continues to get better and better – with its new Pacific Visions Wing being the venue’s first major expansion.
Santa Monica’s Balmoral Funds Invests in Modular Building Firm
Santa Monica private equity firm Balmoral Funds and senior managers of Vesta Modular, a provider of rentable modular buildings, purchased the ownership interests of the Birmingham, Mich.-based company’s initial investors.
Rexford Pays $40M for Properties in Carson, Carlsbad
Los Angeles-based Rexford Industrial Properties purchased two properties for $40.3 million using cash on hand, the company announced Nov. 12.
ServiceTitan Secures $165M From VC Group
Funding round values company at $1.65 billion
Expansion in the cards as ServiceTitan secures more funding.
MOCHI MAKEOVER
Mochi Ice Cream Co. moves into mainstream
Taking a Japanese-inspired dessert popular in specialty stores and Asian grocers, and putting it into thousands of mainstream supermarkets seems to have worked out for Vernon-based Mochi Ice Cream Co.
Puma Faces $1.3B Lawsuit
BIOTECH: January trial date set for class action
A securities class action alleging wrongdoing by Puma Biotechnology Inc. is headed for trial early next year after a judge postponed proceedings, originally scheduled for Nov. 6.
Rams/Chiefs a Biz Boon?
SPORTS: Economists say L.A. move no game-changer
Monday night’s National Football League matchup between the Los Angeles Rams and the Kansas City Chiefs was expected to generate tens of millions of dollars for Mexico City’s economy.
Heyday Begins LA Rollout
RETAIL: $8M investment boosts digital-native spa
A New York-based chain of facial spas for the digital generation has established its first location in Southern California and plans to open more with the help of an $8 million funding round led by Venice-based Fifth Wall Ventures.
Forward Push
Interim President Wanda Austin looks to guide USC out of scandal-plagued period
Madame president
Bio Boom
Life sciences continues upward trend both locally and statewide
No life support needed for L.A.’s booming bio industry.
Universal Music Makes Africa Streaming Play
Deal with Boomplay gives record label access to No. 1 music app on continent
Universal enters African music streaming market with Boomplay deal.
Wiley Move for Pair of L.A. Wildcatters?
L.A. investors spend $14M for Wiley Energy Services, plan for $500M revenue
L.A. investors look to tap into water services for the fracking industry.
Researchers Plan to Harpoon Fishy Sushi
Mislabeled fish pervasive; local universities team with FDA to curtail practice
Tackling fraudulent fish.
Brookfield Unveils $170 Million CMC Overhaul
Renovations include more open space, retail shops and restaurants, updated facade
Brookfield to overhaul downtown’s California Market Center.
STYLE | Closet Chemistry
Lisa Adams • LA Closet Design
Lisa Adams, chief executive of LA Closet Design in West Los Angeles, never thought her undergraduate science education would come in handy for designing high-end luxury closets instead of working in a chemistry lab.
Amazon Loss a Win?
Amazon.com Inc.’s decision last week to install a second and third headquarters in New York and Northern Virginia ended a yearlong saga that saw cities across the nation
Los Angeles Seizes Biotech Leadership Mantle
Los Angeles is the world’s capital of creativity, and its status as a high-tech hub is on the rise.
ACS Builds Portfolio
American Construction Source, created in September by Santa Monica-based private equity firms Clearlake Capital Group and Angeles Equity Partners, bought its fourth building materials supplier in less than two months.
EU Approval For $62B Shire Purchase
A Shire plasma plant in Atwater Village moved one step closer to being owned by Takeda Pharmaceutical Co. Ltd. with the European Union reportedly poised to approve a $62 billion Shire deal that could impact hundreds of Los Angeles jobs.
Fox Sports Inks MLB Deal to 2028
Century City-based Fox Sports, a subsidiary of 21st Century Fox Inc., announced Nov. 15 that it signed a contract with Major League Baseball
State Regulators Launch Probe Into Cause of Woolsey Fire
Southern California Edison, a utility subsidiary of Rosemead-based Edison International, announced on Nov. 8 that a problem with its transmission grid occurred near the point of origin of the massive Woolsey Fire in Los Angeles and Ventura counties.
Thursday, November 15
Who's Building L.A. (November 5): The Music Center (Plaza Renovation) - DOWNTOWN
Custom Content by the Los Angeles Business Journal
The Music Center is already LA’s home to many of the world’s greatest artistic programs and events and a place for Angelenos to join together for meaningful experiences.
Influential Family-Owned Businesses in Los Angeles: Family-Owned Businesses Outperform Peers in Every Region and Sector
Custom Content by the Los Angeles Business Journal
Credit Suisse Research Institute publishes its third report on family-owned companies
Influential Family-Owned Businesses in Los Angeles: F. Gaviña & Sons: Los Angeles’ Own Coffee Roaster
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For the Gaviña family, coffee might quite literally run through their veins.
Influential Family-Owned Businesses in Los Angeles: Galpin Motors - A Legacy of Forward-Looking Excellence
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Galpin Motors has been a family owned business since Frank Galpin opened it in 1946. Bert Boeckmann started working as a salesman at Galpin Motors – at age 23, in August of 1953.
Southwest Airlines Adds Flights at Burbank, Ontario Airports
Southwest Airlines on Nov. 15 announced it was adding flights at Hollywood Burbank and Ontario International airports, starting in June.
Influential Family-Owned Businesses in Los Angeles: AMS Fulfillment - Upholding ‘Best for the World’ Standards
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Advantage Media Services, Inc. (AMS) is a privately owned full-service bi-coastal order fulfillment company headquartered in Valencia, CA.
Influential Family-Owned Businesses in Los Angeles: Family Businesses in 2018 Focus on Head Count Increases and Technology Investments
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EY survey looks at how family-owned businesses around the world are responding to industry disruption
Influential Family-Owned Businesses in Los Angeles: How to Effectively Run a Family Business
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Owning a business is not easy, especially if it’s a family business.
Influential Family-Owned Businesses in Los Angeles: Vromage
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For years, people have sought out a dairy-free alternative to a staple in the human diet: cheese.
Influential Family-Owned Businesses in Los Angeles: Sweet Cherries Diner
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Sweet Cherries Diner is a small local restaurant in the Sunland area that has become the meeting spot for many employees of the local businesses and service organizations.
Influential Family-Owned Businesses in Los Angeles: Stepp Commercial
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Stepp Commercial specializes exclusively in the disposition, acquisition, and exchange of multifamily investment properties in the greater Long Beach area
Silicon Beach Report Nov. 15: Snap Subpoenaed
SpaceX internet satellites approved; WeRecover gains $2 million; Snap complies with request for IPO details
Influential Family-Owned Businesses in Los Angeles: Someone’s in the Kitchen
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It all started with a fateful apple.
Fox Sports Extends Relationship With MLB Until 2028
The “New Fox” has doubled down on Major League Baseball coverage.
Influential Family-Owned Businesses in Los Angeles: Rupert Law Group
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Founded by Angie Rupert in 2016, the Rupert Law Group helps people start businesses in the United States.
Influential Family-Owned Businesses in Los Angeles: Ricci’s Deli & Italian Restaurant
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Remaining family-owned throughout the decades, Ricci’s Deli & Italian Restaurant offers delicious dining and takeout in Bellflower.
Influential Family-Owned Businesses in Los Angeles: Red Car Brewery & Restaurant
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Bob Brandt’s brewing career started when a friend gifted him a home brewing set in college.
Influential Family-Owned Businesses in Los Angeles: Quality Material Handling Inc.
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After years of working for material handling companies and gaining extensive knowledge and experience, Hector Pinto took a leap of faith in 1991.
Influential Family-Owned Businesses in Los Angeles: Nu-Set Inc.
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Nu-Set started out with a desk and file cabinet. That was over 40 years ago in its Hong Kong office.
Influential Family-Owned Businesses in Los Angeles: Nathan Kimmel Company, LLC
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Nathan Kimmel Company, LLC, has grown from its humble beginnings as an industrial supply company in Los Angeles to the construction industry’s number one national and international provider of fireproofing spray equipment
Influential Family-Owned Businesses in Los Angeles: The MSM Technology Group
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The MSM Technology Group is a premier Computer Systems Manufacturer and Managed Support Services company.
Influential Family-Owned Businesses in Los Angeles: Montage Insurance Solutions
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Montage Insurance Solutions, founded by Danone Simpson, is an insurance consulting agency that originally opened its doors in 2006 with three offices,
Greycroft Partners Leads $20 Million Seed Round for Emerge
Bi-coastal venture capital firm Greycroft Partners, which has offices in the downtown Los Angeles Arts District, announced Nov. 15 it led a $20 million seed round for shipping logistics management firm Emerge, based in Scottsdale, Ariz.
Venice’s Fifth Wall Ventures Participates in Hippo $70M Funding
Hippo, a Mountain View, Calif.-based tech-enabled home insurance startup, raised $70 million from a venture capital group led by Felicis Ventures and Lennar Corp., with Venice’s fledgling venture capital firm Fifth Wall Ventures also participating.
Catasys Reports $4 Million Q3 Loss Despite Record Billings
Catasys Inc., a digital health analytics company based in Brentwood, reported a $4 million loss in the third quarter despite record billings and soaring enrollment.
Influential Family-Owned Businesses in Los Angeles: MB2 Raceway Indoor Karting Centers
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MB2 Raceway Indoor Karting Centers was established in January 2006. Chris Brooks and Will Miller (cousins by marriage) along with their wives Martine Brooks and Stefanee Miller (cousins) started the company’s first location and Corporate Headquarters in Sylmar.
Influential Family-Owned Businesses in Los Angeles: Koss Real Estate
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In a time when brick-and-mortar retail has been severely challenged, Koss Real Estate’s portfolio of commercial real estate investments in nine states has continued to thrive
Influential Family-Owned Businesses in Los Angeles: Hotel Emporium, Inc.
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From humble beginnings in an Orange County garage, this family found a need in an industry they had experience in and developed premium products for hotels.
Influential Family-Owned Businesses in Los Angeles: Good Night Naturals
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With over 25 years of experience providing outstanding customer service, Good Night Naturals, led by a husband and wife team of Paul and Elly Hirschberger, is dedicated to being a resource for a safe and healthy sleep.
Influential Family-Owned Businesses in Los Angeles: Gelt, Inc.
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Keith Wasserman (age 33) and Damian Langere (age 37) are Co-Founders and Partners of Gelt, Inc., a real estate investment and asset management company.
Influential Family-Owned Businesses in Los Angeles: Gemelli Restaurant Group
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Chef Steve Samson, born to a Bolognese mother and American father, was exposed to the pleasures of Italian food at a young age.
Influential Family-Owned Businesses in Los Angeles: FormLA Landscaping, Inc.
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FormLA Landscaping’s husband and wife founders and owners, Kirk and Cassy Aoyagi founded FormLA in 1997 as C&K Landscape Design, Inc.
Influential Family-Owned Businesses in Los Angeles: Everest Search Group, LLC
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Everest Search Group, LLC provides high-level executive recruiting services to the financial services and electronic payments industries.
Influential Family-Owned Businesses in Los Angeles: Earthly Body
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In 1996, Kevin and Mare Wachs started creating quality natural personal care products in their garage.
Influential Family-Owned Businesses in Los Angeles: California Receivership Group
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Mark Adams, President and Founder of California Receivership Group, is the most experienced Health and Safety Receiver in the State of California.
Influential Family-Owned Businesses in Los Angeles: California Car Cover Company
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Founded in 1989 by Jim and Loraine DeFrank, California Car Cover Company started as a small mail order company in Van Nuys and was primarily an opportunity for Jim and Loraine to preserve and promote their love of classic cars.
Influential Family-Owned Businesses in Los Angeles: Automation Printing Co.
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Automation Printing Co., started by Herbert Tobman, has been located in Downtown Los Angeles since 1949.
Influential Family-Owned Businesses in Los Angeles: Athena Engineering, Inc.
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Athena Engineering, Inc. was founded in 1984 by Richard and Jannie Chiera as a mechanical construction company.
Influential Family-Owned Businesses in Los Angeles: Allan Aircraft Supply, Inc.
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Allan Aircraft Supply Company began manufacturing hydraulic fittings in 1952 and has become one of the nation’s premier producers in the field.
Influential Family-Owned Businesses in Los Angeles: Al Brooks Tickets
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Al Brooks Tickets, now in its 98th year, was founded in downtown L.A. and is today the West’s largest and most influential premier ticket provider, serving clients throughout the world.
Influential Family-Owned Businesses in Los Angeles: The Albright
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After 35 years as Santa Monica Pier Seafood, Yunnie Kim Morena took the helm of the Pier restaurant mainstay which her parents had opened in 1977 upon emigrating to the U.S.
Wednesday, November 14
UPDATED: Ontario Now Largest Outbound Freight Market in U.S.
Ontario is now the top market for shipments of outbound cargo in the U.S., according to trade magazine FreightWaves.
Notable Family-Owned Businesses in Los Angeles: Rising Realty Partners
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Rising Realty Partners was founded in 2011 by father and son Nelson and Christopher Rising, both perennial LA 500 members.
Notable Family-Owned Businesses in Los Angeles: King Nutronics Corporation
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King Nutronics Corporation is the industry leader in pressure, temperature, torque and force measurement for defense, aircraft, avionic, petrochemical and utility industries.
Notable Family-Owned Businesses in Los Angeles: EazyHold
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When Kerry Mellin was cleaning the barn at her ranch back in 2014, she grabbed the broom and began to sweep, but her weak thumbs were too painful to continue.
Platinum Eagle Merges Texas Lodging and Hospitality Firms
Century City-based Platinum Eagle Acquisition Corp., which was formed by veteran Hollywood executives Jeff Sagansky and Harry Sloan last year, announced plans Nov. 14 to combine with Texas-based Target Logistics Management and Austin-based RL Signor Holdings.
Smart & Final Reports Third Quarter Earnings
Commerce-based Smart and Final Stores Inc. doubled its net income for the third quarter 2018, the company reported in its quarterly earnings Nov. 14.
Notable Family-Owned Businesses in Los Angeles: Couture Salon & Spa
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Couture Salon & Spa is the first natural concept salon in Whittier to offer its clients naturally-based products.
Gov. Brown Nominates Former L.A. Attorney Joshua Groban for State Supreme Court Seat
Gov. Jerry Brown on Nov. 14 nominated his longtime judicial appointments advisor and former L.A. attorney Joshua Groban for a seat on the state Supreme Court, the governor’s office announced.
Notable Family-Owned Businesses in Los Angeles: Bobbi-Toads
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Bobbi-Toads was literally born from a dream that founder Bob Stanley had while he was on vacation with his family.
Silicon Beach Report Nov. 14: $165 Million for ServiceTitan
Netflix tries mobile-only subscription; Snapchat drops prices for AR ads; ServiceTitan brings total funding to $326 million
Notable Family-Owned Businesses in Los Angeles: Taslimi Construction
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Founded in 1985, the family-owned Taslimi Construction Company was inspired by a passion to build and excellence in all things.
Notable Family-Owned Businesses in Los Angeles: Los Angeles Chargers
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For 58 years, the Chargers have stretched the imagination and given fans one of the most exciting shows in football.
American Construction Buys Fourth Materials Supplier
American Construction Source, created in September by Santa Monica-based private equity firms Clearlake Capital Group and Angeles Equity Partners, bought its fourth building materials supplier in less than two months.
ServiceTitan Secures $165M From Venture Capital Group to Expand
Glendale-based ServiceTitan Inc. has secured $165 million in funding from a venture capital group to build out its home services software firm through acquisitions and moves into new markets.
Notable Family-Owned Businesses in Los Angeles: Gearys
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Gearys Beverly Hills, named after its founder, H.L. Geary, first opened its doors in 1930.
Notable Family-Owned Businesses in Los Angeles: Cusumano Real Estate Group
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Established in 1959, the family-owned and family-operated Cusumano Real Estate Group is the San Fernando Valley’s leader in apartment rentals, office leasing and active senior living.
Influential Family-Owned Businesses in Los Angeles: Worthington Ford
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Worthington Ford and Cal Worthington are among the most iconic figures in Southern California.
Influential Family-Owned Businesses in Los Angeles: World Oil Corp
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Bernard “Bernie” Roth founded World Oil in 1938, when he opened his first gas station on the corner of Florence and Normandie in South Central Los Angeles.
Influential Family-Owned Businesses in Los Angeles: Winstar Properties
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Winstar Properties owns and manages multi family apartment buildings throughout Los Angeles County
Influential Family-Owned Businesses in Los Angeles: Sterling Venue Ventures, LLC
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Sterling Venue Ventures is solely owned by Lance Sterling, one of the original founders of The House Of Blues.
Influential Family-Owned Businesses in Los Angeles: S.L. Fusco Inc.
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SL Fusco has been a premier industrial distributor since the 1940s as well as a family owned business.
Influential Family-Owned Businesses in Los Angeles: S. Bravo Systems, Inc.
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S. Bravo Systems Inc., founded in 1987 by inventor Sergio Bravo, is a woman- and minority-owned, Los Angeles-based U.S.
Tuesday, November 13
Netflix to Take Over All Commercial Space at the Academy in Hollywood
Netflix Inc. has signed yet another lease in Hollywood. The streaming giant signed a lease to take over the entire 355,000-square-foot commercial space at the Academy on Vine project in Hollywood, Kilroy Realty Corp., the property developer, announced Nov. 13.
Silicon Beach Report Nov. 13: LA Out in Amazon HQ Bid
Google opens office doors to historic Playa Vista office; SpaceX honors first African-American NASA trainee; LAEDC predicts prosperity without Amazon
LA Region Loses Out in Amazon HQ Derby, But LAEDC Sees a Silver Lining
Los Angeles may have lost out on its bid for Amazon’s second headquarters, but the Los Angeles County Economic Development Corp. said there was a silver lining for the city in the tech giant’s decision: The partnerships and cooperation among the county’s many jurisdictions during the Amazon bid process should boost future business attraction and retention efforts.
Sweetgreen Closes $200 Million Series H Round
Culver City-based restaurant chain Sweetgreen announced a $200 million Series H round today, bringing the company’s valuation to more than $1 billion.
Influential Family-Owned Businesses in Los Angeles: RJ’s Demolition & Disposal
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RJ’s Demolition & Disposal was started by Juan Rodriguez, a licensed demolition contractor.
Influential Family-Owned Businesses in Los Angeles: P2S Inc.
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Brothers Kevin and Kent Peterson, founded P2S, a MEPT Engineering, Commissioning and Construction Management company, in 1991 with three employees.
Influential Family-Owned Businesses in Los Angeles: Nourmand & Associates
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Founded 40 years ago by Saeed Nourmand, Nourmand & Associates is one of the last family-owned real estate brokerages in Los Angeles.
Influential Family-Owned Businesses in Los Angeles: NorthStar Moving Company
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Founded in 1994 by wife and husband team Laura McHolm and Ram Katalan, Los Angeles-based NorthStar Moving Company has redefined the moving industry.
Influential Family-Owned Businesses in Los Angeles: New York Food Company, Inc.
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Since its beginning as a small storefront deli in 1979, New York Food Company has evolved to become Southern California’s leading full service catering and special event design firm.
Influential Family-Owned Businesses in Los Angeles: MAINTEX
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MAINTEX has been Southern California’s leading chemical manufacturer and distributor of facility supplies and cleaning equipment for more than 55 years.
Influential Family-Owned Businesses in Los Angeles: Line 204
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Line 204 is a true family business. Founded by its CEO Alton Butler, its staff also features Sira Butler
Influential Family-Owned Businesses in Los Angeles: Keslow Camera
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Since 1990, Keslow Camera has been providing camera equipment for motion picture, television and commercial productions throughout North America and around the globe.
Heyday Begins West Coast Expansion Plan With $8M, Fifth Wall's Backing
A skincare chain in New York City with big hopes of disrupting the industry has established its first location in Southern California and plans to spread throughout region with the help of $8 million in funding from an investment group led by Venice-based Fifth Wall Ventures.
Monday, November 12
Delta Will Offer Nonstop Flights From Burbank to Atlanta
Delta Air Lines will begin nonstop service between Hollywood Burbank Airport and Hartsfield-Jackson Atlanta International Airport beginning in July.
Influential Family-Owned Businesses in Los Angeles: Greenerways Organic
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Greenerways Organic stems from what Mama Bella told her granddaughter, “Read the labels; if there are chemicals or ingredients you can’t pronounce, don’t buy the product.”
Influential Family-Owned Businesses in Los Angeles: Golden Star Technology inc.
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GST has been in business since 1985. Alice and JP Wang started the business out of their garage in Norwalk by building white-box computers.
Influential Family-Owned Businesses in Los Angeles: Building Electronic Controls, Inc. (BEC)
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Bec, Inc. is Los Angeles’ premier fire life safety system provider for commercial projects.
Influential Family-Owned Businesses in Los Angeles: Brush Research Manufacturing
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Brush Research Manufacturing (BRM) is a third generation family-owned and family-operated business.
Influential Family-Owned Businesses in Los Angeles: Berman, Berman, Berman, Schneider & Lowary, LLP
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Berman, Berman, Berman, Schneider & Lowary, LLP (B3SL) puts its own spin on the term “family law,” focusing not on issues such as divorce and estate planning, but rather on insurance and corporate defense.
Overton Moore Properties Leases Carson Warehouse to Action Gypsum for $5M
Overton Moore Properties has leased a nearly 54,000 square-foot industrial building in Carson to Action Gypsum Supply West in a deal worth $5 million.
Vertebrae Launches Augmented Reality E-Commerce Platform
Santa Monica-based augmented reality advertising and software provider Vertebrae announced Nov. 12 the launch of its new e-commerce AR platform, Axis.
Silicon Beach Report Nov. 12: Musk, Garcetti Chat Boring Co. Projects
Elon Musk talks sewage and other Boring application with Eric Garcetti; Vertebrae launches AR platform for e-tailers; Wii users will have to look elsewhere for Netflix
Edison Shares Plunge After Utility Announced Grid Incident Occurred Prior to Start of Woolsey Fire
State Regulators Launch Probe into Cause of Woolsey Fire
Shares of Rosemead-based Edison International fell 12 percent on Nov. 12 after its utility subsidiary Southern California Edison announced that a problem with its transmission grid occurred near the point of origin of the massive Woolsey Fire now burning in Los Angeles and Ventura counties.
Foothill Glendora to Montclair Rail Line Project Scaled Back as Projected Costs Mount
Two of four bidding teams dropped
The authority tasked with building a 12-mile rail extension from Glendora to Montclair in the East San Gabriel Valley announced Nov. 12 that it was scaling back the project due to rising costs and that two of the four bidding teams have been dropped.
CBRE Sells Courtyard Long Beach Airport Hotel
Downtown L.A. commercial real estate giant CBRE Group Inc. announced Nov. 12 it had sold a 159-room Courtyard by Marriott Long Beach Airport hotel for an undisclosed sum.
Legendary Marvel Comics Creator Stan Lee Dies at 95
Massively impactful writer, editor, film executive, producer and publisher Stan Lee died at the age of 95 Nov. 12, at Cedars-Sinai Medical Center in Beverly Grove, according to multiple reports.
LA Jobs on the Line With Takeda Poised for EU Approval for $62B Shire Buy
A Shire plasma plant in Atwater Village moved one step closer to being owned by Takeda Pharmaceutical Co. with the European Union reportedly poised to approve a $62-billion Shire deal that could impact hundreds of Los Angeles jobs.
Friday, November 9
Ritter Pharmaceuticals Raises $6 Million in Private Placement
Ritter Pharmaceuticals Inc., a Century City biotechnology company that develops therapies for gastrointestinal diseases, raised $6 million in a private placement from investors, according to a securities filing posted Nov. 9.
Car-Share Startup HyreCar Report Q3 Revenue Up 224 Percent to $2.7 M
HyreCar Inc., a downtown Los Angeles-based company allowing prospective ride-share drivers to temporarily lease vehicles from dealerships, announced Nov. 8 its third-quarter revenue grew 224 percent to $2.7 million over last year.
Silicon Beach Report Nov. 9: Activision Blizzard Announces Third Quarter Earnings
SpaceX requests lower launch threshold; Activision nets $1.7 billion third quarter revenues; Tastemade to release a book
Influential Family-Owned Businesses in Los Angeles: Art Lewin Bespoke
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Art Lewin is a second-generation clothier with over 25 years of experience and serves as Owner & Creative Director of Executive Clothiers, one of the nation’s premier Custom Clothiers.
Fastest-Growing Private Companies in 2018
Tracking the top-revenue performers from rising stars to seasoned industry leaders.
Azusa, Whittier Chosen as Most Business-Friendly Cities by LAEDC
Azusa and Whittier were chosen as the most business-friendly cities in the county for 2018 by the Los Angeles County Economic Development Corp., the nonprofit announced late Nov. 8.
Crude Oil Tanker in Long Beach Fined for Leaks
The South Coast Air Quality Management District, the region’s pollution control agency, issued a notice of violation for leaks coming from crude oil tanker GAC North America currently berthed at the Port of Long Beach.
Wells Fargo Gives $1M to MLK Jr. Community Hospital to Recruit Doctors in South L.A.
Wells Fargo & Co. has donated $1 million to Martin Luther King Jr. Community Hospital to help alleviate a doctor shortage in South Los Angeles, the hospital announced Nov. 9.
Influential Family-Owned Businesses in Los Angeles: AC Martin Partners
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AC Martin, one of Southern California’s oldest planning and architecture firms, is a Los Angeles based architecture, planning, interior architecture and research firm that uses an integrated design approach to create enduring environments for the 21st century.
Notable Family-Owned Businesses in Los Angeles: Super King Markets
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Super King Markets was founded in 1993 by the Fermanian family.
Notable Family-Owned Businesses in Los Angeles: San Antonio Winery
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In 1910, Santo Cambianica left his home of Berzo San Fermo, located in the northern Italian province of Lombardia.
Notable Family-Owned Businesses in Los Angeles: Goldrich Kest
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Goldrich Kest is a privately owned, family-run real estate company, founded in 1957 by two entrepreneurs and holocaust survivors, Jona Goldrich and Sol Kest.
Hankey Riding High: Billionaire Founder of Westlake Financial Sees Record Revenues
Fastest-Growing Private Companies 2018
Westlake Financial’s success
Freezer Burn: Halo Top Creamery No. 1 Fastest Growing for Second Straight Year
Fastest-Growing Private Companies 2018
Halo Top Creamery tops fastest growing companies list for second straight year.
Tender Greens’ Expansion a Go
RETAIL: Chain looks to double footprint by 2020
Tender Greens could face growing pains.
Disney Readies For Sports Sale
MEDIA: Regional networks must go as part of Fox deal
Disney to sell off Fox’s regional cable sports networks.
ASU Furthers LA Expansion
EDUCATION: University plans business partnerships
Arizona State University expanding in L.A.
PAGE 3: The Fast and The Furious
Some 300 members of the Los Angeles business community gathered last Wednesday in a converted bank vault
ZipRecruiter Turns to Silicon Valley Talent
TECHNOLOGY: Execs from Facebook, LinkedIn
ZipRecruiter looks to Silicon Valley to fill leadership posts.
Hyperloop One Taps Transit Vet
TRANSPORTATION: UAE port exec also selected as board chairman
Virgin Hyperloop One brings on former NYC transit head as new chief executive.
Related Closes $630M Loan for Grand Project
AECOM serving as construction manager
Downtown development gets funding windfall.
SBA Going MIA
Improved economy necessitates fewer government-backed small-business loans
SBA loans drop in L.A.
ServiceTitan Adds Software Unit to Firm
Glendale home-services software platform deploys some of $161M funding haul
ServiceTitan buys JaRay Software.
RingDNA Raises $30 Million Venture Round
Investors include Kobe Bryant fund and Palisades Growth Capital
Kobe Bryant’s investment fund helps make RingDNA’s venture round a slam dunk.
China-Backed Biotech Incubator Names CEO
CrossLinkBio adds Chen, gets $350k to help build trans-Pacific tech pipeline
CrossLinkBio names CEO.
Clippers Extend Agua Caliente Casino Deal
Partnership includes naming rights to G League affiliate, in-stadium signage, concerts
Casino retains naming rights to Clippers’ affiliate.
Healthy Growth: Nurse Shortage Boosts Medical Staffing Agencies
Fastest-Growing Private Companies 2018
Growth for L.A. medical staffers
Construction Rises: Local Firms Show Big Growth During Region’s Building Boom
Fastest-Growing Private Companies 2018
No glass ceiling for Giroux
Blazing Trail: Fast-Casual Restaurant Chain Blaze Pizza Continues Quick Rise
Fastest-Growing Private Companies 2018
Blaze Pizza reigns with King James
Snack Attack: SnackNation Uses Data-Driven Approach to Promote Growth
Fastest-Growing Private Companies 2018
SnackNation’s data drive
The Chicago School Moves L.A. Campus to Aon
Psych program takes two floors for 10-year lease valued at $15.7 million
Chicago School moves to Aon Center.
Guns, Responsibility and Liability
It’s not about who held the gun and why he used it the way he did.
The High Cost of California’s ‘New Normal’
Commentary
Damage from the 2017 California wildfire season had an estimated price tag of nearly $180 billion.
Thursday, November 8
Notable Family-Owned Businesses in Los Angeles: F. Gavina & Sons
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The Gaviñas are a true coffee dynasty with almost 150 years of experience as growers and roasters.
Notable Family-Owned Businesses in Los Angeles: Cacique
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In October 1971, Jennie and Gilbert de Cardenas immigrated to the U.S. from Cuba.
Notable Family-Owned Businesses in Los Angeles: Ampam Parks Mechanical
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AMPAM Parks Mechanical started in 1978 with just a father, a son and a pickup truck heading to their first plumbing construction job.
CBRE Group Sells Whittier Medical Building for $5.5 Million
Downtown L.A. commercial real estate giant CBRE Group Inc. announced Nov. 8 it sold a medical office building in Whittier for $5.5 million to an undisclosed private buyer.
Influential Family-Owned Businesses in Los Angeles: The Wonderful Company
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The Wonderful Company is the number one growth leader among multibillion-dollar CPG companies and in produce.
Virgin Hyperloop One Elects Former N.Y. Transit Chief as New CEO
Virgin Hyperloop One, the downtown L.A. company developing a high-speed magnetic levitation transport system, announced Nov. 8 that former New York City transit chief Jay Walder, has been appointed as its new CEO.
Influential Family-Owned Businesses in Los Angeles: Sunrider International
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Dr. Tei-Fu Chen embodies the “American Dream” of building a successful business despite being born to humble circumstances in a foreign region.
Influential Family-Owned Businesses in Los Angeles: Servicon Systems, Inc.
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Since 1973, Servicon Systems, Inc. has provided flexible cleaning and maintenance solutions to companies in aerospace, biotech, healthcare, commercial real estate, and other industries.
Influential Family-Owned Businesses in Los Angeles: RE/MAX Estate Properties
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Re/max Estate Properties was founded in 1984 by Sandra Sanders with one location and 34 agents.
Influential Family-Owned Businesses in Los Angeles: Parking Company of America
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With dedication, integrity and an uncompromising commitment to service, the privately held
Influential Family-Owned Businesses in Los Angeles: Morrow-Meadows Corporation
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Morrow-Meadows Corporation (MMC) is a full service electrical contracting company providing solutions to clients in a wide range of industries along the West Coast.
Compton Warehouse Building Sold for $11M to Terreno Realty
A Compton warehouse building currently occupied by an apparel distribution company has been sold to San Francisco industrial real estate company Terreno Realty Corp. for $11.1 million, Terreno announced Nov. 8.
Influential Family-Owned Businesses in Los Angeles: Melissa's / World Variety produce Inc.
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Today Melissa’s/World Variety Produce is a global market of tasty, creamy, tangy, aromatic, tart, sweet, crunchy and delectable foods.
Influential Family-Owned Businesses in Los Angeles: Lotus Communications Corp.
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Lotus Communications Corp. was established in 1962 and is one of the largest privately owned radio station groups in the United States.
TMG Sells Pomona Apartment for More Than $10 Million
The Mogharebi Group announced Nov. 8 that it brokered the sale of Pomona’s Twin Palm Apartments for $10.4 million to W Mission Blvd Multi LLC, a company that incorporated in Manhattan Beach in August.
Silicon Beach Report Nov. 8: Cornerstone Acquires Grovo Learning for $24M
Branson and Lloyd replaced at Virgin Hyperloop; Defy Media Folds; Grovo Learning acquired by Cornerstone OnDemand
Soon-Shiong’s NantEnergy Acquires Sharp’s Energy Systems and Storage Business
A battery company owned by Los Angeles billionaire Patrick Soon-Shiong has acquired an energy systems and service business owned by Sharp Electronics Corp.
Cornerstone Buys Grovo Learning for $24M
Santa Monica-based Cornerstone OnDemand Inc. has acquired privately held Grovo Learning Inc., a New York City-based technology company.
Influential Family-Owned Businesses in Los Angeles: Lewis Group of Companies
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As the Lewis Group of Companies begins its 60th year
Influential Family-Owned Businesses in Los Angeles: Inter-Con Security Systems, Inc.
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Inter-Con Security Systems, Inc. was founded by retired LAPD Officer Hank Hernandez in 1973 with the express purpose of providing security services to clients whose threat profiles exceeded the capabilities of traditional guarding companies.
Influential Family-Owned Businesses in Los Angeles: Gothic Landscape
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Gothic Landscape is a family-owned and operated company founded by Louis and Judy Georgio.
Influential Family-Owned Businesses in Los Angeles: Galpin Motors
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Galpin Motors was founded in 1946. Bert Boeckmann started as a salesman in 1953 and quickly worked his way up to eventually buying Galpin.
Influential Family-Owned Businesses in Los Angeles: Decron Properties
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Founded by Holocaust survivor Jack Nagel in 1955, Decron Properties has grown into one of the largest privately owned real estate firms in California.
ZipRecruiter Adds Former Facebook, Linkedin Executives to Board
Online hiring and job-search platform ZipRecruiter Inc., based in Santa Monica, announced three new additions to its board of directors Nov. 8, including former executives of Facebook Inc., the San Francisco 49ers and GoDaddy Inc.
Influential Family-Owned Businesses in Los Angeles: Burke Williams Day Spas
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Bill and Theresa created the concept of the urban day spa to provide quality
Influential Family-Owned Businesses in Los Angeles: AMS Fulfillment
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Advantage Media Services, Inc. (AMS) is a full-service order fulfillment company operating as a third-party resource for order management
Influential Family-Owned Businesses in Los Angeles: Abbyson
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Since getting its start with patriarch Abby Rafieha in 1989, the Rafieha’s furniture manufacturing company
Wednesday, November 7
Leaders in Law 2018: LACBA Offers Independent Juvenile Defender Program
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The Los Angeles County Bar Association (LACBA), one of the largest voluntary metropolitan bar associations in the country
Leaders in Law 2018: LACBA Domestic Violence Legal Services Project Receives $10,000 Grant Attorneys
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Earlier this year, Counsel for Justice (CFJ) announced that the Los Angeles County Bar Association (LACBA) Domestic Violence Legal Services Project (DVP) was awarded a $10,000 grant by the Association of Certified Family Law Specialists Foundation (Foundation) to support its efforts to provide pro bono legal services to victims of domestic violence and elder abuse in Los Angeles County.
Leaders in Law 2018: Leave the Gun, Take the Cannoli: A Brief Primer on the Qualified Opportunity Zones Program
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This classic line from The Godfather, strangely comes to mind in light of a new federal program that allows for the deferral of capital gains taxes.
Leaders in Law 2018: Los Angeles County Bar Association Introduces “ADMITTED,” a Podcast for Future leaders in Law
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This summer, the Los Angeles County Bar Association (LACBA), in conjunction with its Barristers Section for new and young attorneys
Silicon Beach Report Nov. 7: Riot Games Sued
Sexual harassment suit filed against Riot Games; SpaceX chosen for Kazakh rocket launch; HyreCar goes national
Leaders in Law 2018: California Consumer Privacy Act and Its Impact
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On June 28, 2018, California Governor Jerry Brown signed the California Consumer Privacy Act of 2018 (“CCPA”)
UCLA Awarded $3.5 Million to Develop Blood Test for Liver Cancer
UCLA scientists were awarded a $3.5 million federal grant to develop a blood test to detect early liver cancer, the university announced Nov. 7.
R4 Capital Provides $60 Million for Housing Preservation in LA
Asset manager R4 Capital has arranged $17.3 million of equity and $43 million in tax exempt financing for housing preservation in Los Angeles.
Leaders in Law 2018: Firm Attorney of the Year Nominees
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Dr. Dariush Adli, ADLI Law Group P.C
Leaders in Law 2018 Firm Attorney of the Year Finalists: Michael A. Woronoff
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Michael Woronoff is head of the Proskauer’s Los Angeles office and its West Coast Corporate and Securities practice
Leaders in Law 2018 Firm Attorney of the Year Finalists: Andrew J. Weidhaas
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A.J. Weidhaas is a Partner in and Co-Chair of Goodwin Procter LLP’s Private Equity group, as well as a member of its Technology and Emerging Companies practice.
Leaders in Law 2018 Firm Attorney of the Year Finalists: Jason H. Silvera
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Jason H. Silvera is a Partner in the Los Angeles office and Co-Chair of Latham & Watkins’ global Corporate Department.
Leaders in Law 2018 Firm Attorney of the Year Finalists: Alison S. Ressler
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As one of the foremost private equity legal advisers, Alison Ressler, Co-Head of Sullivan & Cromwell’s Private Equity Group
Leaders in Law 2018 Firm Attorney of the Year Finalists: Alex M. Weingarten
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Alex Weingarten represents clients in all facets of business litigation, with a particular emphasis on entertainment and trust litigation.
Leaders in Law 2018 Firm Attorney of the Year Finalists: Roland Tellis
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Roland Tellis is head of Baron & Budd’s Class Action Practice Group and co-manages the firm’s Los Angeles Office.
Leaders in Law 2018 Firm Attorney of the Year Finalists: Louis R. "Skip" Miller
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A trial lawyer with thirty lawyers overall in his firm, Skip Miller’s practice is diverse and includes
Leaders in Law 2018 Firm Attorney of the Year Finalists: Angela Agrusa
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Angela Agrusa tries high-stakes complex commercial, class action and civil cases on behalf of international brands
Leaders in Law 2018 Firm Attorney of the Year Finalists: Todd B. Scherwin
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As the regional Managing Partner of Fisher Phillips’ Los Angeles office, Todd Scherwin has become one of California’s premier labor and employment attorneys
Leaders in Law 2018 Firm Attorney of the Year Finalists: Mark Neubauer
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During Mark Neubauer’s 30-plus years of practice, he has tried numerous jury and bench cases in both state and federal courts.
Leaders in Law 2018 Firm Attorney of the Year Finalists: Timothy Long
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Tim Long is one of the few lawyers who has tried to verdict an employment class action
Leaders in Law 2018 Firm Attorney of the Year Finalists: Harry I. Johnson, III
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A former Board Member of the National Labor Relations Board (NLRB)
Leaders in Law 2018 Firm Attorney of the Year Finalists: Ellisen Turner
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Ellisen Turner is the Managing Partner of Irell & Manella LLP.
Leaders in Law 2018 Firm Attorney of the Year Finalists: Kalpana Srinivasan
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Kalpana Srinivasan tries high-stakes cases for plaintiffs and defendants in courtrooms across the country.
Leaders in Law 2018 Firm Attorney of the Year Finalists: Marc Fenster
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Marc Fenster is a first chair trial lawyer, specializing in patent and other complex, high stakes litigation.
Tuesday, November 6
Emmaus Life Sciences Raises $12 Million in Debt Securities
Emmaus Life Sciences Inc., a biotechnology company based in Torrance, has raised $12 million in debt securities, according to securities filing.
Chicago School of Professional Psychology Relocates L.A. Campus in Downtown L.A.
The Chicago School of Professional Psychology has signed a lease to relocate its Los Angeles campus to a 62-story office building in Downtown L.A.
Leaders in Law 2018 Firm Attorney of the Year Finalists: Dr. Dariush Adli
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Dr. Dariush Adli specializes in highstakes intellectual property and complex commercial disputes.
Hypothermia Devices Raises $11M in Funding
Hypothermia Devices Inc., a Brentwood-based medical device company that develops patient cooling-and-heating machines for emergency vehicles and hospitals, has raised nearly $11 million in investor funding, according to a Nov. 6 securities filing.
Leaders in Law 2018 Firm Attorney of the Year Finalists: Thomas J. Masenga
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Tom Masenga is a Partner in the Real Estate, Land Use and Environmental Practice Group in Sheppard Mullin’s Los Angeles office.
Leaders in Law 2018 Firm Attorney of the Year Finalists: Andrew Kirsh
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Andrew T. Kirsh is a Founding Partner of Sklar Kirsh LLP and is the Chair of the firm’s Real Estate practice.
Leaders in Law 2018 Firm Attorney of the Year Finalists: Kevin Ehrhart
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Kevin M. Ehrhart is a Real Estate Partner at Kirkland & Ellis LLP.
Leaders in Law 2018 Firm Attorney of the Year Finalists: Bob Baradaran
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In his law practice, Bob Baradaran serves as outside general counsel to numerous companies
Leaders in Law 2018 Firm Attorney of the Year Finalists: Nimish Patel
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Nimish Patel has a long-standing reputation for being a thought-leading corporate securities attorney.
American Healthcare Capital Advises on Personal Care Merger
American Healthcare Capital, an M&A advisory firm based in Marina del Rey, has facilitated the sale of Bring Care Home to Amedisys Inc. for unknown terms.
Leaders in Law 2018 Firm Attorney of the Year Finalists: Mike Margolis
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Mike Margolis, Partner in Blank Rome’s Business Litigation practice group and Asia Practice Chair, has been a trial lawyer for more than 30 years.
AeroVironment Wins $3.2M Defense Contract for Drones
Monrovia-based AeroVironment Inc. announced Nov. 6 that it has been awarded a $3.2 million contract from the U.S. Department of Defense to provide a fleet of small drones to an unspecified nation under the U.S. Indo-Pacific Command, which covers most of south and east Asia and Australia.
Leaders in Law 2018 Firm Attorney of the Year Finalists: Franklin D. Kang
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Franklin Kang, a Principal of Polsinelli, is a highly respected, nationally recognized intellectual property litigation attorney.
Silicon Beach Report Nov. 6: J2 Global Revenue Up $293 Million
Sinemia goes for the weekday movie fan, AMC jumps into the subscription business; J2 Global reports revenue growth, Bird launches (tentatively) in United Kingdom.
Leaders in Law 2018 Firm Attorney of the Year Finalists: Jonathan Bloch
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A seasoned attorney, Jonathan Bloch provides creative and solution-oriented legal counsel in a variety of corporate and finance transactions.
Leaders in Law 2018 Firm Attorney of the Year Finalists: Kevin B. Kroeker
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Kevin Kroeker is a Partner in Crowell & Moring’s Los Angeles office and co-chair of the firm’s nationally recognized Health Care Group. He represents health care organizations on a wide range of state and federal regulatory matters and health care transactions.
Leaders in Law 2018 Firm Attorney of the Year Finalists: Terri Hilliard
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Terri Hilliard is the Principal of Terri Hilliard, P.C. Her practice centers on advanced estate and business succession planning
Leaders in Law 2018 Firm Attorney of the Year Finalists: Daniel Sinaiko
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Recently named Co-Head of Akin Gump’s renowned global project finance practice
Leaders in Law 2018 Firm Attorney of the Year Finalists: Laurae Rossi
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Laurae Rossi is highly regarded for her work representing lenders, institutional investors and sponsors in energy project financings and energy tax equity partnerships involving wind
Leaders in Law 2018 Firm Attorney of the Year Finalists: Bruce Tobey
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As Co-Head of O’Melveny’s Entertainment, Sports and Media Practice, Bruce Tobey is a highly regarded entertainment transactions lawyer with more than a decade of executive experience.
Leaders in Law 2018 Firm Attorney of the Year Finalists: Darrell D. Miller
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Darrell D. Miller is a broker of dreams. He orchestrates foundations for success among his growing list of extraordinarily talented clients, negotiating career-making deals and leveraging every step on their ladder of stardom to advance their personal brands.
Leaders in Law 2018 Firm Attorney of the Year Finalists: Matthew Erramouspe
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Matthew Erramouspe is Co-Chair of O’Melveny’s Entertainment, Sports and Media transactional practice.
Leaders in Law 2018 Firm Attorney of the Year Finalists: Ivy Kagan Bierman
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With decades of experience providing sexual harassment prevention training tailored to entertainment companies
Leaders in Law 2018 Winners: Mergers and Acquisitions Firm Attorney of the Year - Eric M. Krautheimer
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For two decades, Eric Krautheimer has represented industry leaders in their most important domestic and cross-border M&A transactions.
Leaders in Law 2018 Winners: Litigation Firm Attorney of the Year - Jeff E. Scott
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Jeff E. Scott is the Co-Managing Shareholder of the Los Angeles office, Co-Chair of the Global Litigation Practice, and a member of Greenberg Traurig’s Litigation Executive Committee.
Leaders in Law 2018 Winners: Labor & Employment Firm Attorney of the Year - Apalla U. Chopra
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Apalla Chopra is Chair of O’Melveny’s Labor and Employment Practice, and a member of the firm’s Policy Committee.
Leaders in Law 2018 Winners: Intellectual Property Firm Attorney of the Year - Rick Richmond
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Rick Richmond is a commercial litigator, Founding and Managing Partner of Jenner & Block’s Los Angeles office
Leaders in Law 2018 Winners: Real Estate Firm Attorney of the Year - Patrick D. Harder
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Over the past several years, Patrick Harder, Chair of Nossaman’s Infrastructure Practice Group
Leaders in Law 2018 Winners: International Firm Attorney of the Year - Edward A. Perron
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Ed Perron is Pillsbury’s firm-wide Managing Partner, overseeing the day-to-day activities of the 700 lawyer firm with 19 global offices.
Leaders in Law 2018 Winners: HealthCare Firm Attorney of the Year - Gerry Hinkley
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Gerry Hinkley is a Health Care Partner in Pillsbury’s Los Angeles office.
CUSTOM CONTENT: Construction Costs Keep Rising
Trusted Advisors
PARTNERSHIPS ARE KEY AT A TIME WHEN PROJECT COSTS ARE SKYROCKETING
Monday, November 5
True Religion Names Interim CEO
Vernon-based True Religion Apparel Inc. said Nov. 2 that board member Chelsea Grayson was named interim chief executive as John Ermatinger steps down for retirement.
Leaders in Law 2018 Winners: Environmental Firm Attorney of the Year - James L. Arnone
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Jim Arnone is a Partner in Latham’s Los Angeles office and the Global Chair of the firm’s Environment, Land & Resources Department.
Leaders in Law 2018: In-House Counsel of the Year Nominees
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Michael Alvarado, Five Point Holdings, LLC
Leaders in Law 2018 In-House Counsel of the Year Finalists: Thomas Wehinger
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Thomas Wehinger serves as the General Counsel for Regent LP, a boutique private equity firm in Beverly Hills
Leaders in Law 2018 In-House Counsel of the Year Finalists: Tyler Theobald
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Tyler Theobald currently serves as assistant general counsel and compliance officer at Marcus & Millichap
Leaders in Law 2018 In-House Counsel of the Year Finalists: Dan Tepstein
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Daniel C. Tepstein serves as Chief Litigation Counsel for Oath
Leaders in Law 2018 In-House Counsel of the Year Finalists: Michael Rowles
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Michael Rowles has served as Executive Vice President, General Counsel and Secretary of Live Nation Entertainment, Inc.
Leaders in Law 2018 In-House Counsel of the Year Finalists: John Rogovin
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John Rogovin is considered to be one of the most strategic and insightful general counsel in Los Angeles.
Silicon Beach Report Nov. 5: Analyzing Local Election Spending
Musk Shows off hyperloop demo tunnel; Bird fights ban in Beverly Hills; LA spending roughly $13 per voter
Leaders in Law 2018 In-House Counsel of the Year Finalists: Rob Rader
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Robert “Rob” Rader is a highly experienced General Counsel with more than 15 years of general counsel and business affairs experience for high-growth digital media companies
Leaders in Law 2018 In-House Counsel of the Year Finalists: Michael Preston
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Michael L. Preston has been Executive Vice President, General Counsel and Corporate Secretary at California Resources Corporation since 2014
Leaders in Law 2018 In-House Counsel of the Year Finalists: Zazi Pope
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Zazi Pope is Senior Vice President and Deputy General Counsel for Warner Bros.
Leaders in Law 2018 In-House Counsel of the Year Finalists: David Robert Holmquist
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Dave Holmquist has been an important member of the LA Unified School District’s senior leadership team
Leaders in Law 2018 In-House Counsel of the Year Finalists: Daniel M. Flores
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Daniel M. Flores, Senior Vice President and the head of litigation at Metro Goldwyn Mayer Studios Inc.
Related Closes $630 Million Loan for The Grand Project
Real estate firm Related Cos. closed a $630 million construction loan from Deutsche Bank for its long-delayed $1 billion The Grand project in downtown L.A.
Live Nation Announced Record Earnings in Third Quarter
Live Nation Entertainment Inc. announced that its 2018 third quarter was “the best quarter ever,” posting a record $3.8 billion in quarterly revenue, 11 percent higher than the 2017 third quarter.
Leaders in Law 2018 In-House Counsel of the Year Finalists: Andrew J. Dunbar
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Andy Dunbar joined Bel Air Investment Advisors LLC in 2015
Leaders in Law 2018 In-House Counsel of the Year Finalists: Nicole Diaz
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As Snap’s Senior Litigation and Compliance Counsel, Nicole Diaz manages Snap’s litigation portfolio and handles regulatory inquiries.
Leaders in Law 2018 In-House Counsel of the Year Finalists: Stephen Clark
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Stephen Clark has spent nearly 25 years helping museums and non-profit institutions on some of their most difficult legal problems
Leaders in Law 2018 In-House Counsel of the Year Finalists: Cori Cardwell
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Cori Cardwell is an experienced corporate counsel with 12 years of experience as a general counsel and dealmaker in high-growth environments.
Leaders in Law 2018 In-House Counsel of the Year Finalists: Allison Buchner
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Allison Buchner joined Dollar Shave Club in May 2016 as the company’s first General Counsel and led the company through its acquisition by Unilever just two months after joining
Leaders in Law 2018 In-House Counsel of the Year Finalists: Francesca Brooks
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Since coming on board to Century Group in 2016 as General Counsel
Leaders in Law 2018 In-House Counsel of the Year Finalists: Peter E. Braveman
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Peter E. Braveman is an expert on healthcare law who advises the Board of Directors and senior management on legal and regulatory matters.
Leaders in Law 2018 In-House Counsel of the Year Finalists: Michael Alvarado
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Michael Alvarado is FivePoint’s Chief Legal Officer. He actively manages all legal affairs for FivePoint
Top-Read Stories of the Week
Top-Read Stories of the Week
Friday, November 2
Silicon Beach Report Nov. 2: Former Snap Engineer Launches Data Service Company
Activision debuts game companion app; Snap’s Sehn launches data service startup; mapping LA’s tech neighborhoods
Leaders in Law 2018 Winners: Entertainment Firm Attorney of the Year - Christopher S. Spicer
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Akin Gump Corporate Partner Chris Spicer is the head of the firm’s renowned entertainment and media team in Los Angeles
Leaders in Law 2018 Winners: In-House Counsel Rising Star of the Year - Shannon Kelly
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Shannon Kelly serves as Corporate Counsel for Eden Creamery LLC, popularly known as Halo Top Creamery, a brand founded in 2012.
Hazardous Waste Suit Filed Against Battery Recycler Quemetco
The state filed suit Oct. 31 against City of Industry-based Quemetco Inc. alleging that its battery recycling facility had 29 violations of state hazardous waste control law, the state Department of Toxic Substances Control said in a press release issued Nov. 2.
Leaders in Law 2018 Winners: Public Small Company In-House Counsel of the Year - Jennifer Banks
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Jennifer J. Banks is Co-Chief Operating Officer, General Counsel and Corporate Secretary for Alexandria Real Estate Equities.
Leaders in Law 2018 Winners: Public Large Company In-House Counsel of the Year - Jared Wolff
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Jared Wolff is Executive Vice President, General Counsel and Corporate Secretary of City National Bank
Leaders in Law 2018 Winners: Public Mid-Size Company In-House Counsel of the Year - Lisa L. Kim
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Lisa L. Kim serves as Executive Vice President, General Counsel and Secretary of Cathay General Bancorp.
Leaders in Law 2018 Winners: Private Small Company In-House Counsel of the Year - Nicole Duckett
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Nicole Duckett built the Clippers’ legal department from the ground up as the organization’s first in-house counsel.
Leaders in Law 2018 Winners: Private Large Company In-House Counsel of the Year - Kim Matthews
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Kim Matthews is an accomplished legal executive with over 22 years of in-house experience in the health and wellness
Leaders in Law 2018 Winners: Private Large Company In-House Counsel of the Year - Richard B. Levy
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Rick Levy is a Founding Partner and General Counsel of ICM Partners, a talent and literary agency representing clients in the fields of motion pictures, television, publishing, and concerts.
Leaders in Law 2018 Winners: Government/Municipal In-House Counsel of the Year - Victor King
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Victor King has served as the University Legal Counsel and Information Privacy Officer at California State University, Los Angeles, for almost sixteen years.
Report: Film Tax Credits Propelled Economic Increase
Study finds $357M in tax credits led to $2.6B in spending, $980M in wages
California’s motion picture tax credits – and the economic boost that they are credited for providing – have gone up each year since the program expanded in 2015, as the state competes with ramped up programs in Georgia and New York.
STYLE | Pie in the Sky
Brianna Abrams • Winston Pies
Brianna Abrams, founder of Winston Pies, opened in Brentwood in September 2017 and added a West Hollywood location a year later.
Social Capital
Clubs oriented toward the creative class are popping up around Los Angeles
Social club scene expanding with two new offerings.
Soon-Shiong Proposes TV Channel for Times
Newspaper’s new owner envisions network, alliance with other media cos.
Los Angeles Times owner Patrick Soon-Shiong mentioned ambitious plans for the Times in a recent, little-noticed speech.
Mattel Touts Profit Growth; Revenue Falls
Adjusted earnings allow year-over-year operating profit to show uptick
El Segundo-based Mattel Inc. reported third quarter earnings last month
Milk and Eggs Takes Delivery from Farm to Table
Food delivery service works directly with farmers to get goods to consumers
Kenneth Wu remembers shopping online – often bleary-eyed – for household and baby items after the birth of his second daughter in 2015
VMG, Hillhouse Form $100M Investment Fund
Partnership will focus on consumer brands; closes Little Freddie investment
VMG Partners, a private equity firm with major offices in Century City and San Francisco, has set up a $100 million fund with Hillhouse Capital,
Digital Dollars
L.A. a leader in digital health funding as region gains foothold
The greater Los Angeles area now ranks among the top five digital health markets in the nation based on investor funding over the past few years
Car Rental Facility Gets Green Light
City Council approves $2 billion LAX project
The Los Angeles City Council on Oct. 31 unanimously approved a $2 billion contract for a consortium of 11 companies to build and operate a consolidated car rental facility near Los Angeles International Airport.
Edison Expects Material Losses
INFRASTRUCTURE: Fire investigation reveals likely culpability, company says
Edison International on Oct. 30 revealed that an internal investigation found its Southern California Edison utility equipment was “associated with” one of the ignition points of the massive Thomas Fire last December
Charles Dunn Co. Shutters Brokerage Business
Closure follows departures; firm’s property management unit will continue to operate
Charles Dunn Co. shutters brokerage biz.
Eagle Crest Project Gets Boost
ENERGY: Federal bill contains provision that could extend key deadline
Eagle Crest Energy Co. Inc., the Santa Monica company seeking to build a $2.5 billion pumped-energy storage project at an abandoned mine near Joshua Tree National Park, received an apparent federal boost last month
PAGE 3 | Winning and Losing in Los Angeles
The American Cancer Society was welcomed as guests of the Los Angeles Rams during the team’s contest with the Green Bay Packers
Up In Air
Parsons’ Mexico City airport contract could disappear
The fate of a $100 million-plus contract held by Pasadena-based Parsons Corp. to manage the construction of a $13 billion airport in Mexico City has been thrown up in the air
Seismic Data’s Biz Potential
The Los Angeles region is an earthquake hot spot, so it’s little surprise a company focused on detecting seismic activity and warning its customers of an impending temblor would make its home here
Information Age Update
Commentary
Perhaps overdue but nonetheless welcome is a recent trend that has brought a significant increase in the quantity and quality of information on the local economy.
L.A. Expansion CBC Priority
FINANCE: Meruelo-backed bank makes northward push
CBC Bancorp, the holding company for the newly private Commercial Bank of California, has big growth plans for Los Angeles County.
New Business Models Needed for Nonprofits
Commentary
We generally associate words such as “sustainability” and “scale” with the entrepreneurs who power our region’s robust startup and fast-growth companies.
WndrCo Investments Range Wide
MEDIA: Katzenberg’s short- format video play digs in
What does a restaurant-recommendation service, a long-form audio streamer located in the United Kingdom and a virtual private-network app have in common?
Thursday, November 1
Silicon Beach Report Nov. 11: SpaceX Shifts Gears on Satellite Testing
Seven exit SpaceX's satellite testing team; Hulu prioritizes non-English content; new Office of Child Protection website launches with AI
UCLA Awarded $3.7 Million Federal Grant for Brain Research
Three UCLA neuroscientists were awarded a nearly $3.7 million grant from the National Institutes of Health to develop imaging technology to study how the brain functions in disease and in health.
Who's Brokering Los Angeles (October 29): Things Not to Do Before Purchasing a Home
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Buying a new home is an exciting time for anyone.
LA Ranks Second in Tech Office Market Rent Growth
Los Angeles’ technology sector is growing — and so is the rent for tech office space, according to a recent study from real estate brokerage firm CBRE Group Inc.
Who's Brokering Los Angeles (October 29): Residential Real Estate Preparation Tips
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Here are some specific tips that will help you prepare your home for potential buyers to see it in the best possible light.
Who's Brokering Los Angeles (October 29): Realtors Help Families Navigate Back-to-School Home Shopping
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Buying and moving into a new home is already a complicated process, but moving with children adds an entirely different set of requirements and stresses.
Ad Analytics Start-Up EDO Raises $12 Million
Culver City company was founded by Kenso Tech’s Daniel Nadler and actor Edward Norton
Entertainment Data Oracle Inc., or EDO, a company that uses data collection and analysis to measure the effectiveness of TV ads, announced Nov. 1 that it raised $12 million in its first round of outside investment.
Who's Brokering Los Angeles (October 29): Realtors View Technology as Increasingly Valuable for Business, Competition
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As technology continues to transform and modernize the real estate industry, members of the National Association of Realtors
Who's Brokering Los Angeles (October 29): Number of Real Estate Teams is Growing, NAR Survey Finds
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The are becoming more common in the real estate industry as an increasing number of realtors, members of the NationalAssociation of Realtors, consider themselves a member of a real estate team, according to a new survey by NAR.
Vive Organic Closes $7 Million Series A Round
Venice-based Vive Organic, makers of cold-pressed wellness shots closed a $7 million Series A round led by Powerplant Ventures, a food and beverage investment fund in Manhattan Beach.
