Stories for October 2018

Wednesday, October 31

Charles Dunn Shutters Brokerage Business

Property management group to continue operations

In a memo to staff and agents, Charles Dunn Co. Inc. gave notice Wednesday that the company’s brokerage business was folding.

DreamHost Receives $18M Loan from J.P. Morgan

Downtown LA-based DreamHost, a provider of web hosting and site management, announced Oct. 30 it completed an $18 million debt financing credit facility with J.P. Morgan Chase and Co.

Local Airport Passenger Volume Mixed in September: LAX, Ontario Up, Long Beach Down

JetBlue Cutbacks at Long Beach Leave Airport Feeling Blue

Passenger traffic at three Los Angeles area airports in September was mixed, with a large gain at Ontario International Airport, a slight increase at Los Angeles International Airport and a drop at Long Beach Airport. But all three airports posted solid gains for the nine months year-to-date.

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CBRE Launches Hana Division Focused on Short-Term Office Space Market

CBRE Group announced a new company division Oct. 31 that aims to pair property owners with businesses that need office space for a short time.

Century Park Capital Partners’ Portfolio Company Makes Fourth Acquisition

Covercraft Industries, a portfolio company of El Segundo-based private equity firm Century Park Capital Partners, acquired Carver Industries for an undisclosed amount, the companies recently announced.

PatientPop Scores $25 Million in Investor Funding

PatientPop Inc., a physician marketing platform based in Santa Monica, has raised $25 million during a Series B funding round, the company announced Oct. 31.

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Who's Brokering Los Angeles (October 29): Stephanie Younger

Custom Content by the Los Angeles Business Journal

A Los Angeles native and a top real estate agent in the area

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Who's Brokering Los Angeles (October 29): Rhett Winchell

Custom Content by the Los Angeles Business Journal

Rhett Winchell is a real estate broker with 35 years of professional experience at global real estate investment company Kennedy Wilson.

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Who's Brokering Los Angeles (October 29): Jonah Wilson

Custom Content by the Los Angeles Business Journal

A born and raised Angeleno with deep family roots in the entertainment business

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Who's Brokering Los Angeles (October 29): Branden and Rayni Williams

Custom Content by the Los Angeles Business Journal

A record breaking team year after year, Branden and Rayni Williams hold over $4 billion in career sales.

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Who's Brokering Los Angeles (October 29): Brent Watson

Custom Content by the Los Angeles Business Journal

Brent Watson is a real estate professional whose career has spanned more than 22 years of success in every economic climate.

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Who's Brokering Los Angeles (October 29): Mauricio Umansky

Custom Content by the Los Angeles Business Journal

Founder and CEO of The Agency, Mauricio Umansky set out to create an industry-disrupting brokerage that would redefine the business of real estate.

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L.A. Approves $2B Consolidated Car Rental Facility Near LAX

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.

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Silicon Beach Report Oct. 31: Subscription App Sales Soar

LA County weighs electronic voting options; Activision issues Overwatch League changes; Hulu grows revenue 86 percent

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Who's Brokering Los Angeles (October 29): Kerry Ann Sullivan

Custom Content by the Los Angeles Business Journal

Kerry Ann Sullivan’s charisma and passion for life is apparent the moment you meet her.

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Who's Brokering Los Angeles (October 29): Courtney Smith and Kurt Wisner

Custom Content by the Los Angeles Business Journal

Over the years, Courtney Smith and Kurt Wisner have assembled an incredible team of specialists – the “Courtney + Kurt Real Estate Team

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Who's Brokering Los Angeles (October 29): Marc and Rory Shevin

Custom Content by the Los Angeles Business Journal

With over 50 years of combined real estate experience in the marketing and sales of residential real estate and land for development

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Who's Brokering Los Angeles (October 29): Stephen Shapiro

Custom Content by the Los Angeles Business Journal

Throughout the industry, Stephen Shapiro is known as a pacesetter and innovator in the marketing and representation of ultra-luxury high-end properties and high-net worth buyers.

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Who's Brokering Los Angeles (October 29): Billy Rose

Custom Content by the Los Angeles Business Journal

Billy Rose has completed approximately $165 million of transactions in the past 12 months including some marquee sales such as 720 Elm

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Who's Brokering Los Angeles (October 29): Kurt Rappaport

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With three decades of experience, Kurt Rappaport, the co-founder of Westside Estate Agency, is one of the predominant agents in the United States.

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Who's Brokering Los Angeles (October 29): Tami Pardee

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Tami Halton Pardee’s expertise in Southern California real estate, entrepreneurship and philanthropy is as good as it gets.

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Who's Brokering Los Angeles (October 29): Katie Pardee

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Katie Pardee has assisted a diverse clientele totaling over $313 million in purchases since 2009.

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Who's Brokering Los Angeles (October 29): George Ouzounian

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George Ouzounian, CEO and Founder of The Oz Group at Keller Williams Encino/Sherman Oaks now leads one of the most successful teams in Los Angeles.

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Who's Brokering Los Angeles (October 29): David Offer

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For over 26 years, David Offer has proudly built his real estate career – one satisfied client at a time.

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Who's Brokering Los Angeles (October 29): Myra Nourmand

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As one of the only owners/principals of a boutique residential luxury real estate brokerage in the country

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Who's Brokering Los Angeles (October 29): Michael Nourmand

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Michael Nourmand is a second generation high-end real estate broker in Los Angeles and president of the luxury boutique brokerage

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Who's Brokering Los Angeles (October 29): Marc Noah

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In just a short period of time, Marc Noah has found success in real estate by remaining true to his integrity.

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Tuesday, October 30

Edison Says Company Equipment Tied to Thomas Fire; Expects 'Material Losses' as Result

Edison International on Oct. 30 revealed that an internal investigation found that its Southern California Edison utility equipment was “associated with” one of the ignition points of the massive Thomas Fire last December and that as a result, the company expects “to incur material losses” in connection with the fire.

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Eleven Los Angeles Nursing Homes Rated ‘Best’ by U.S. News

U.S. News & World Report named 11 nursing homes in Los Angeles County among its list of best nursing homes for 2018-19.

UCLA Receives $25 Million Gift for Parkinson’s Research

UCLA has received a $25 million gift from a Beverly Hills-based foundation to launch an initiative to research treatments and care for Parkinson’s disease, the university announced Oct. 30.

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Who's Brokering Los Angeles (October 29): Tyrone McKillen

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Tyrone McKillen is the director of new developments at Hilton and Hyland and ranked in the Top 10 agents in Los Angeles consistently breaking records year over year specializing in development opportunities and new construction.

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Who's Brokering Los Angeles (October 29): Linda May

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Over the last three decades, Linda May has become the goto

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Who's Brokering Los Angeles (October 29): Rochelle Maize

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Known as Los Angeles’ real estate maven, Rochelle Atlas Maize is synonymous with the gold standard of luxury real estate.

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Who's Brokering Los Angeles (October 29): Chad Lund

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Chad Lund of Douglas Elliman is a leading realtor who in the past 12 months has achieved more than $66.37 million.

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Who's Brokering Los Angeles (October 29): Jay Luchs and Steven Schaefer

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Jay Luchs may be widely known as a leading commercial real estate broker

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Who's Brokering Los Angeles (October 29): Adi Livyatan

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Aluxury home specialist, Adi Livyatan is a top producing real estate professional and is the Number One agent in Rodeo Realty’s Sherman Oaks office.

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Who's Brokering Los Angeles (October 29): Ben Lee

Custom Content by the Los Angeles Business Journal

Born and raised in West Los Angeles, Coldwell Banker’s Ben Lee is currently ranked number one in the top producing CB office in the world

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Who's Brokering Los Angeles (October 29): Janice Lee

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Working out of her Pasadena office, Janice Lee is one of the most successful and respected real estate professionals in the San Gabriel Valley.

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Who's Brokering Los Angeles (October 29): Eli Karon

Custom Content by the Los Angeles Business Journal

With a total transaction volume for the past 12 months of more than $39.27 million, the key quality that have led to Eli Karon’s success in a competitive and saturated real estate market has been caring deeply about each client and transaction.

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Who's Brokering Los Angeles (October 29): Sally Forster Jones

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Sally Forster Jones’ professional progression over the past 35+ years has resulted in her becoming one of the top real estate brokers in Southern California and beyond.

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Silicon Beach Report Oct. 30: Executive Exits at Faraday Future

Two execs out at Faraday Future; DreamHost’s dreamy $18 million deal; Tinder ventures into advertising

Who's Brokering Los Angeles (October 29): Lisa Hutchins

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Lisa Hutchins has in the last 12 months completed over $90 million in residential real estate transactions.

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Who's Brokering Los Angeles (October 29): Juliette Hohnen

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Juliette Hohnen provides a concierge-type service for her clients.

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Who's Brokering Los Angeles (October 29): James Harris and David Parnes

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Together, James Harris and David Parnes have completed more than $230 million of transactions in the past 12 months, including 630 Nimes Rd.

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Who's Brokering Los Angeles (October 29): Mark Gruskin

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Mark Gruskin has established deep roots as one of the very top agents in Malibu

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Faraday Co-Founder Resigns

Sampson's departure is the second in two days for the electric car maker

Nick Sampson, co-founder of Gardena-based electric vehicle manufacturer Faraday and Future Inc., resigned on Oct. 30 after calling the company “effectively insolvent.”

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Who's Brokering Los Angeles (October 29): Gary Glass

Custom Content by the Los Angeles Business Journal

As a hands-on agent who promotes a client-first mentality, Gary Glass’ greatest joy lies within finding treasures for his clients.

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Who's Brokering Los Angeles (October 29): Carl Gambino

Custom Content by the Los Angeles Business Journal

Having established his real estate career in New York, Carl Gambino has successfully translated his energy and transactional style to the Los Angeles market

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4 Advertising Trends to Look Out for in 2019

Custom Content from the Los Angeles Business Journal

It’s been a year of massive change in the advertising industry. And 2019 won’t be any exception.

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Who's Brokering Los Angeles (October 29): Josh Flagg

Custom Content by the Los Angeles Business Journal

Josh Flagg is one of America’s most successful and sought after luxury real estate agents

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Beverly Hills Sports Agency Expands Into Sponsorship Deals, Naming Rights

Sports agency Independent Sports & Entertainment announced Oct. 30 that it will expand into property sales, hiring a former Cox Media Group executive to head up the division.

Who's Brokering Los Angeles (October 29): Drew Fenton

Custom Content by the Los Angeles Business Journal

With over $2.6 billion in sales since 2007, Drew Fenton has had the honor and privilege of representing the most pedigreed and significant estates in Beverly Hills, Holmby Hills, and Bel Air.

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Who's Brokering Los Angeles (October 29): Jill Epstein

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Jill Epstein has been a successful high-end real estate agent in the Los Angeles market for over 30 years.

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Who's Brokering Los Angeles (October 29): Richard Ehrlich

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Celebrating two decades in the business, Richard Ehrlich has segued from his early “hungry” days to become one of the foremost agents for a celebrity and entertainment industry clientele.

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Who's Brokering Los Angeles (October 29): Tracy Do

Custom Content by the Los Angeles Business Journal

Tracy Do has established herself as a residential real estate force on Los Angeles’ east side, known for presenting beautiful properties and negotiating the very best terms for her clients.

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Who's Brokering Los Angeles (October 29): Irene Dazzan-Palmer

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Over the past 12 months, Irene Dazzan-Palmer has had a total transaction dollar volume of approximately $150 million.

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Who's Brokering Los Angeles (October 29): Dennis Chernov

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Dennis Chernov started his career within real estate at the young age of 16 and grew to be one of the top real estate consultants and loan officers.

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Who's Brokering Los Angeles (October 29): Ernie Carswell

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Ernie Carswell’s focus is on building relationships of trust – both with clients, customers and colleagues.

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Who's Brokering Los Angeles (October 29): Boni Bryant and Joe Reichling

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Boni Bryant and Joe Reichling are a residential real estate team that helps buyers and sellers in the greater Los Angeles area, with a focus on Los Feliz, Silver Lake, Hollywood Hills, West Hollywood, and Hancock Park.

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Who's Brokering Los Angeles (October 29): Philip Boroda

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Philip Boroda is the consummate real estate professional.

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Who's Brokering Los Angeles (October 29): Jeff Biebuyck and Dana Olmes

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Dana Olmes and Jeff Biebuyck are consistent top producers, ranking among the top 1% of agents in the county.

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Who's Brokering Los Angeles (October 29): Fred Bernstein

Custom Content by the Los Angeles Business Journal

Since graduating from UCLA, Fred Bernstein has participated in several record setting transactions in Bel Air and Malibu.

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Who's Brokering Los Angeles (October 29): Avi Barazani

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With almost 30 years of experience in real estate, and as a sales associate with Coldwell Banker for 20 years

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Who's Brokering Los Angeles (October 29): Santiago Arana

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Over the past 12 months, Santiago Arana has achieved more than $468 million total sales volume.

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Who's Brokering Los Angeles (October 29): Josh Altman and Matt Altman

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Stars of Bravo’s “Million Dollar Listing LA,” Josh Altman and Matt Altman live and breathe real estate.

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Monday, October 29

Silicon Beach Report October 29: Hyperloop Plans Abu Dhabi Track

Axiomatic gets Jordan investment; Hyperloop Transportation Technologies sets 2019 construction target; $2 million for Santa Monica solar firm

Cuisine for Canines

Sherman Oaks kitchen serves meals for dogs made with human-quality ingredients.

Every weekday, a delivery of restaurant-grade meat and vegetables arrives at a business in Sherman Oaks.

Friday, October 26

L.A. Care Health Plan Links Up With UCLA Health to Care for Medi-Cal Enrollees

L.A. Care Health Plan, the largest publicly operated health plan in the nation, has signed an agreement with UCLA Health to allow its 2.2 million members to received advanced and specialized care.

CHA Hollywood Presbyterian Medical Center Launches New Eye Care and Research Institute

CHA Hollywood Presbyterian Medical Center has joined forces with former USC medical school dean Rohit Varma to found a comprehensive eye care research institute, the hospital announced Oct. 26.

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Michael Jordan, Declaration Capital Invest in Axiomatic

Former Chicago Bulls star and owner of NBA team the Charlotte Hornets Michael Jordan invested in Axiomatic E-sports alongside Declaration Capital, the investing office of Washington, D.C.-based Carlyle Group co-founder David Rubenstein.

Assembled Brands Raises $100M From Oaktree

Los Angeles-based alternative investor Oaktree Capital Management agreed to provide $100 million to Assembled Brands, a New York City-based company financing emerging consumer goods.

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Silicon Beach Report October 26: Faraday Future Faces Further Financial Troubles

An Emmy for Blue Microphones; Netflix work environment under the microscope; Faraday Future initiates widespread layoffs

Editor Change at Business Journal

Henry Meier has been named interim editor of the Los Angeles Business Journal, replacing Jerry Sullivan who will transition to editor-at-large.

Key Tax-Planning Opportunities for Food and Agribusiness Companies

Custom Content from the Los Angeles Business Journal

Tax reform—commonly referred to as the Tax Cuts and Jobs Act (TCJA)—goes into effect for the 2018 tax year, providing several tax-planning opportunities for food and agribusiness companies.

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Retail Redux

Sears is bankrupt and closing stores, but former locations could have new life

Sears is bankrupt, but its former stores are hot real estate commodities.

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Spectrum News Starts Nov. 16

MEDIA: 24-hour channel to aim for underserved areas

Spectrum is launching a new 24-hour cable news channel.

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Banks Gain, Turn Cautious

Finance: Industry growth tempered by rates, volatility

Local banks are prepping for potential economic turbulence.

Westwood Biomed Pulls in $41M

HEALTH CARE: Round for developer of radioisotopes includes 11 investors

Alpha Source gets $41 million in seed money to develop radioisotope tech.

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Port Rail Project Fully Funded

TRANSPORTATION: State agency kicks in $21.6 million for on-dock plan

Port of Los Angeles moves forward with traffic-flow plan.

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PAGE 3: Saban’s Stumble; Martin’s Mudder; Sullivan’s Sign Off

Seems Haim Saban has stumbled again – and it’s notable that the billionaire tends to fall forward.

$8,640 PSF for Rodeo Drive Retail

$96M for Brioni, Alexander McQueen shops

Rodeo Drive locale goes for $96 million.

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Trade Troubles

Trans-Pacific tensions weigh on consumer confidence in L.A. County

L.A.’s consumer sentiment index drops as trade war heats up.

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Daz Nabbed in Cloud Services Growth Play

El Segundo firm purchased by Accenture to expand Oracle services

Daz-zling deal for cloud services company.

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Annenberg, City Partner on Tech Diversity

PledgeLA aims to address employment disparity in Silicon Beach scene

Annenberg Foundation, City of L.A. team up on tech diversity.

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Hollywood Behind Projected Nurse Shortage?

UCLA prof thinks media representation contributing to global stigmas

UCLA professor suspects Hollywood impact on projected nurse shortages.

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Insurance Firm’s Shift: E&Y Plaza to 777 Tower

Both Financial District office buildings part of Brookfield portfolio

Lockton moves L.A. HQ from Ernst & Young Plaza to 777 Tower.

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STYLE | Trend Senders

Katie Rosen Kitchens • FabFitFun Inc.

Beauty in a box

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Facts & Comments

Commentary

Fact: An initiative that has qualified for the 2020 ballot will let California voters decide whether to repeal the terms of Proposition 13 as they apply to commercial properties

Retail Trends, Downtown’s Future Align

Commentary

The timing for downtown retail couldn’t be better

End of City’s Goldsmith Era

Banking: City National CEO hands reigns to Coffey

City National CEO Russell Goldsmith to step down after 23 years.

Thursday, October 25

Jakks Pacific Still Considering Meisheng’s Acquisition Offer

Santa Monica-based Jakks Pacific has authorized its advisors to begin negotiations on a takeover offer received in January from Hong Kong-based Meisheng Cultural Co., the toymaker announced in its third quarter earnings call.

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Union Study: University of California Favors White Workers Over Minorities

Black and Latino workers at UCLA and nine other University of California campuses are more likely to be fired, or get smaller raises than white workers when promoted, according to a union study released Oct. 25.

USC Shares $16M Grant to Research Cancer Disparities Between Whites, Blacks and Latinos

USC has been awarded a $16 million federal grant with two Florida universities to study cancer health disparities among racial and ethnic groups.

UCLA-Based Scarless Labs Wins FDA Approval to Study Scar Healing Treatment

Scarless Laboratories Inc., an early stage biotechnology company based at UCLA, has received federal clearance to conduct two clinical studies of its patented compound to heal scar tissue.

UCLA Buys Landmark Crest Theater in Westwood

Space will reopen as Nimoy Theater

UCLA announced Oct. 25 that they acquired for $5.9 million the 78-year-old landmark Crest Theater in Westwood, which the university stated they will make into an off-campus performing arts space.

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SolarReserve Receives $2M Federal Grant for Solar Power Research

Santa Monica solar thermal power developer SolarReserve announced Oct. 25 that it has received a $2 million grant from the U.S. Department of Energy for further research and development of its solar thermal power technology.

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Saros Raises $7M for AI Effort in Finance Industry

Saros raised $7.055 million for its West Hollywood-based private firm that specializes in artificial intelligence in the financial industry, according to a filing with federal securities regulators.

Silicon Beach Report Oct. 26: Snap Hires from Amazon, Huffington Post

Reporting Bird’s revenue figures; Virgin Orbit readies new launch setup; Snap fills Khan vacancy.

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MedMen Posts $67M Loss for 2018 Despite Soaring Pot Sales

MedMen Enterprises Inc., a Culver City-based cannabis investment and management firm, on Oct. 25 announced a $67 million loss in 2018 despite reporting a 1,400-percent growth in revenue.

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Angeles Equity Recruits Bench Strength With New Managing Director

Santa Monica-based private equity firm Angeles Equity Partners hired Frank Spelman, a former executive with private equity behemoths Apollo Global Management and Kohlberg Kravis Roberts & Co., as a managing director.

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Pathmatics Raises $3M, Launches New Ad Data Product

Pathmatics Inc., the Santa Monica-based digital advertising software developer, announced Oct. 25 a $3 million investment from British marketing agency Mintel Group Ltd.

Wednesday, October 24

Port of Los Angeles Moves Ahead with $34M Rail Project

A $21.6 million grant from California’s Trade Corridor Enhancement Program is helping the Port of Los Angeles move ahead with a major on-dock rail project designed to improve cargo flow.

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Katzenberg, Whitman Short-Form Video Platform Announces Headquarters

Quibi, the short-form video platform financed by Jeffrey Katzenberg and headed by Meg Whitman, will lease 49,000 square feet in Hollywood for its station headquarters, according to an Oct. 24 press release.

Alpha Source Raises $41M in Seed Round

Alpha Source Inc., an early stage biomedical company based in Westwood, has raised $41 million from investors, according to an Oct. 24 securities filing.

Drake to Co-Own Culver City E-sports Company

100 Thieves, a two-year-old Culver City company with a number of teams in e-sports leagues, announced Oct. 23 it has raised $25 million to date, and that it will now be co-owned by rap star Drake and music producer Scooter Braun.

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CHLA Receives $10M Gift From Producer Ryan Murphy

Producer Ryan Murphy and husband David Miller have given $10 million to Children’s Hospital Los Angeles, which treated their son Ford for pediatric cancer.

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Silicon Beach Report Oct. 24: Fandango Signs South American Ticketing Deal

Netflix denies racially targeted ad accusations; Snap registers 418,000 new voters; Fandango signs 15-country ticketing deal.

City National Bank Names Kelly Coffey CEO, Russell Goldsmith to Remain Chairman

Los Angeles-based City National Bank, which was acquired nearly three years ago by Canada’s Royal Bank of Canada, announced that long-time Chief Executive Russell Goldsmith will be succeeded by JPMorgan’s Kelly Coffey but that Goldsmith will continue to serve as chairman.

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Rodeo Drive Retail Building Sells for $96M

Tenants include Kering brands Alexander McQueen, Brioni

Commercial real estate firm Cushman & Wakefield announced the sale of a prime retail building along prestigious Rodeo Drive in Beverly Hills for $96 million.

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Tuesday, October 23

Biofuel Producer World Energy to Spend $350M to Upgrade Paramount Refinery

World Energy, a Boston-based biofuel producer that bought a diesel and jet fuel refinery in Paramount earlier this year, announced Oct. 24 a $350 million upgrade to the facility, turning it into the largest biofuel refiner in California.

Burbank-Based Cast & Crew Acquires Live Theater Payroll Accounting Firm

Cast & Crew has acquired Checks & Balances Payroll Inc., a payroll services firm to the live theater industry.

Anton Yelchin Foundation Gives $1M to Adult Cystic Fibrosis Clinic at USC

An adult cystic fibrosis clinic at Keck Hospital of USC has received a $1 million gift from the Anton Yelchin Foundation.

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UCLA Receives $20.1M to Treat Veterans with PTSD

UCLA Health has received a $20.1 million grant to expand a mental health program for veterans with post-traumatic stress and mild traumatic brain injuries.

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Cell Care Therapeutics Raises $4.3M to Develop Treatment for Eye Diseases

Cell Care Therapeutics Inc., a biotechnology company based in Monrovia, announced Oct. 23 it had closed on a $4.3 million seed round from investors.

Silicon Beach Report Oct. 23: Branson Out at Virgin Hyperloop One

WiredScore lands $9 million Series A; Activision Blizzard hires Faries from the NFL; Branson exits post on Virgin Hyperloop One board

Influential Women in Accounting: AICPA Recognizes Innovative Accounting Educators

Custom Content by the Los Angeles Business Journal

The American Institute of CPAs (AICPA) earlier this month announced the winners of the 2018 Effective Learning Strategies (ELS) Awards

Influential Women in Accounting: Firms that Refer to Trade Secrets in Annual Reports Increase Risk of Cyber Attacks

Custom Content by the Los Angeles Business Journal

“The threat is incredibly serious,” the FBI warned in a report this past May on cyber crime.

Influential Women in Accounting - Auditors: Does Familiarity Breed Contempt or Coziness?

Custom Content by the Los Angeles Business Journal

More needs to be done about the revolving door from accounting firms.

Influential Women in Accounting: ANITA WU

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Anita Wu, CPA, CFE, joined Green Hasson Janks in 2000 and has more than 20 years of auditing experience within the entertainment industry.

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Influential Women in Accounting: NATALIE TRONKINA

Custom Content by the Los Angeles Business Journal

Natalie Tronkina is a Managing Director in CohnReznick’s Transactional Advisory Services practice in Los Angeles.

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Influential Women in Accounting: MARILYN THOMPSON

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Marilyn Thompson joined Windes in 1982 and is a partner in the firm’s Audit & Assurance Services department.

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Influential Women in Accounting: CHERYL TEETER-BALIN

Cheryl Teeter- Balin is the Technology Leader for the Moss Adams Los Angeles office.

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Influential Women in Accounting: MARYELLEN SEBOLD

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Maryellen Sebold is a Partner in RSM’s Financial Investigations and Dispute Advisory Services practice.

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Influential Women in Accounting: DEE DEE OWENS

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Dee Dee Owens is a Partner in the Risk Consulting practice at KPMG’s Los Angeles office.

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Influential Women in Accounting: KELLY O’NEIL

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Kelly O’Neil is a Managing Director at CBIZ MHM, LLC.

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Influential Women in Accounting: TOMOKO NAGASHIMA

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Tomoko Nagashima joined PwC in 1993

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Influential Women in Accounting: ELIZA MINASSIAN

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Eliza Minassian is a Principal with CLA. She provides accounting, tax consulting, tax planning and compliance services.

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Influential Women in Accounting: KATHLEEN MCMANUS

Custom Content by the Los Angeles Business Journal

PwC Partner Kathleen McManus was instrumental in securing a groundbreaking California income tax regulation for the space transportation industry

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Influential Women in Accounting: JENN MCCABE

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Jenn McCabe has more than 25 years of outsourced accounting and finance experience

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Influential Women in Accounting: CHARITY MANLEY

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Charity Manley is an Audit partner in the KPMG Los Angeles office and currently serves as KPMG’s Pacific Southwest Consumer Markets and Retail Leader.

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Influential Women in Accounting: KARLA CHAVEZ LUNA

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Karla Chavez Luna joined Gumbiner Savett immediately after graduating from college in 2000

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WiredScore Raises $9 Million

Commercial real estate ratings platform WiredScore Inc. completed a $9 million Series A round October 22, led by Venice-based venture capital firm Fifth Wall Ventures.

Monday, October 22

Daz Systems Acquired by Accenture

Accenture announced Oct. 22 it acquired Daz Systems Inc., an Oracle Cloud service provider based in El Segundo.

Influential Women in Accounting: SUSAN LAPUTZ

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Susan Laputz joined Windes in 1985 and is a partner in the firm’s Tax and Accounting Services Department.

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Influential Women in Accounting: SUE KING

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Sue King is a partner in the Advisory

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Influential Women in Accounting: LAUREN HAVERLOCK

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Lauren Haverlock has practiced public accounting since 2004.

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Influential Women in Accounting: TAYIIKA DENNIS

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Tayiika M. Dennis, is a Principal at CLA

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Influential Women in Accounting: NICOLE ADAM

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Nicole Adam is a Senior Assurance Manager in CohnReznick’s Los Angeles office and a member of the Commercial Real Estate Industry practice.

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Influential Women in Accounting: DONELLA WILSON

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Donella Wilson is a partner leading Green Hasson Janks’ Nonprofit Practice.

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Influential Women in Accounting: PATTY O’CONNELL

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Patty O’Connell assumed the role of Chief Operating Officer for HCVT in 2017 and has been “drinking from the firehose” since day one.

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United Pacific Buys 39 Local Gas Stations

Long Beach gas station operator United Pacific announced Oct. 22 that it has acquired 39 gas station and convenience store properties – mostly in L.A. County – from Ventura-based Macland Investments.

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Gateway Towers Sells for $106.25M

Manhattan-based Newmark Knight Frank has completed the $106.2 million sale of Gateway Towers in the South Bay, the real estate firm said Oct. 22.

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Cedars-Sinai Lands $8M Grant to Develop Stem Cells to Regrow Injured Tissue

Cedars-Sinai has received nearly $8 million in federal grants to develop a stem-cell treatment to repair tissue damaged in battle, car crashes and other traumas, the hospital announced Oct. 22.

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Top-Read Stories of the Week

Top-Read Stories of the Week

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Silicon Beach Report Oct. 22: iHeartMedia Plans Podcast Awards

Boring Co. test tunnel nears completion; Lime decides on physical outpost; iHeartMedia to honor podcasts in 2019

CHLA Raises $5.5M at Fundraiser Featuring Kimmel, Scully

Children’s Hospital Los Angeles raised $5.5 million from a recent gala that featured talk show host Jimmy Kimmel and former L.A. Dodgers announcer Vin Scully, the hospital announced Oct. 22.

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Architecture Firm Jerde Names New CEO

Prominent architecture firm Jerde Partnerships Inc. announced a leadership shake-up Oct. 22, naming Paul Martinkovic chief executive and moving current top executive John Simones to the position of board chairman.

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Molina Healthcare Sells Pathways Health to Atar Capital

Long Beach-based Molina Healthcare Inc announced Oct. 22 it had sold its Pathways Health and Community Support unit to Century City-based Atar Capital for an undisclosed sum.

Influential Women in Accounting: POLINA CHAPIRO

Custom Content by the Los Angeles Business Journal

Polina Chapiro is a well-known leader in tax on an international level.

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Influential Women in Accounting: CHERYL CALHOUN

Custom Content by the Los Angeles Business Journal

A Managing Director in the CBIZ MHM Los Angeles office

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CUSTOM CONTENT: U.S. Tax Law Changes: How Does This Impact Your Business?

Trusted Advisors

This has been a monumental year in the area of U.S. federal and state and local taxes.

Friday, October 19

Largest Private Companies

Special Report

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Group Project

Capital Group shakeup part of private investment company’s unorthodox structure

Capital Group Cos. reshuffled scores of its portfolio managers and analysts assigned to its three major equities business units this summer as the downtown–based investment giant seized upon an accelerating inflow of cash from investors shifting to its safe-haven mutual funds, according to an analyst with fund tracker Morningstar Inc. who was familiar with the shakeup.

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Perspective on L.A.’s Private Companies

Changes in L.A. economy reflected in private cos. lists

Manufacturing and real estate-related companies have declined in prominence on the Business Journal’s private companies lists over the past 20 years while architecture/engineering/construction, finance and wholesale/ distribution firms have grown their presence.

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Delta Air Lines to Launch Ontario Airport to Atlanta Service in April

Delta Air Lines announced Oct. 19 that it will launch daily nonstop service between Ontario International Airport and Atlanta in April, marking the third carrier with transcontinental flights from the Inland Empire airport.

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Silicon Beach Report Oct. 19: SpaceX Prioritizes Talent Over Cost

SpaceX prioritizes talent over cost in Port of L.A. project; Nexon’s ‘MapleStory’ hits 1 million; Clippers and Second Spectrum team up for VR game viewer

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Airport Commissioners Approve $2B Contract for LAX Car Rental Facility

The Los Angeles Board of Airport Commissioners on Oct. 18 approved a $2 billion, 28-year contract to a consortium of 11 companies to design, build and operate a consolidated car rental facility near Los Angeles International Airport.

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L.A. County Unemployment Rate Ticked Up to 4.6 Percent in September Despite Job Gains

L.A. County’s unemployment rate edged up to 4.6 percent in September even as the county recorded sizable job gains in the education sector, according to state figures released Oct. 19.

USC Reaches $215M Settlement in Class Action Arising from Ob-Gyn Sexual Abuse Allegations

USC has reached a $215 million class-action settlement with hundreds of students who had filed a lawsuit alleging they had been sexually abused by a former campus gynecologist.

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Danish Modern in Silicon Beach

FINANCE: VC firm aims to build ‘bridging’

Copenhagen-based venture capital firm pursues Silicon Beach expansion plan.

Rockers Steaming Over Streaming

ENTERTAINMENT: Some claim labels short on royalties

Streaming revenues are big enough for artists, labels to fight over.

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Forecast: Slower Job Growth Ahead

Economy: Unemployment rate expected to remain low in tight market

Forecast sees slower job growth.

Union Bank Acquires Intrepid

FINANCE: Mid-market M&A specialist new line for SF-based bank

Union Bank buys Intrepid Investment Bankers.

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PAGE 3: Nathanson Recalls; IMC Honors; Marciano Surprises

Condolences to family, friends and associates of the late Paul Allen

CIM Gets Desmond on Miracle Mile

Brookfield sells 11-story retail, office building

CIM Group gets Desmond’s building in Miracle Mile.

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Defense Dollars

Latest report pegs spending in L.A. County sector at $6.2 billion annually

Breakdown of defense dollars in L.A. County.

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Oak View Adds Englander, Awaits NHL Decision

City councilmember comes aboard as facilities operator awaits hockey vote

Oakview taps City Council for talent.

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New ‘Experiential’ Jordan Brand Retail Shop Opens

Downtown location includes rooftop basketball court and recovery lounge

“Experiential retail” in the air.

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Transom Capital Buys Into Seattle Spa Scene

Private equity firm will consider opportunities beyond Puget Sound

PE firms gets spas in Seattle.

USC Health Campus Hotel Snags $49M Loan

Boyle Heights project gets backing from Canyon Partners Real Estate

Century City-based real estate investment firm Canyon Partners Real Estate provided a $49-million loan to finance the construction of the five-story, 200-room Hyatt House hotel

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STYLE | Showbiz Sanctuary

Rene Reyes • Paley Center for Media

Show biz style

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LA’s Tight Housing Market Bad for Business

Commentary

Los Angeles faces a reality marked by economic extremes

Of Global Engagement

Commentary

The bitter divide of domestic politics might be enough to blur the accumulating indicators of Los Angeles’ steady rise as a global city.

Creative Control

Tweaks to office trend include accommodations for some peace, quiet

Stand by for tweaks to the creative office concept.

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Next Digital Direction: ‘Life Care’

HEALTH CARE: USC center takes broad view of tech

USC’s Center for Body Computing takes broad view of digital health.

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Private Cos. See Sales Growth

Economy: Revenues among top earners up 7.5 percent

The largest private companies based in Los Angeles show growth.

Thursday, October 18

Cal State LA Awarded Nearly $1M to Increase Data Access for L.A. City Residents

California State University Los Angeles has been awarded a nearly $1 million grant from the National Science Foundation to increase data accessibility and promote civic engagement among students and underserved communities in the city of Los Angeles, the university announced Oct. 18.

FactoryFour Raises $5M in Venture Capital Funding

Manufacturing software maker FactoryFour, which recently opened a new Culver City office, received a $5 million round of funding led by Menlo Park, Calif.-based venture capital firm August Capital, with participation from Refactor Capital.

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Stem Cell Agency Awards $11 Million to SoCal Researchers to Fight Disease

The state stem cell agency on Oct. 18 awarded $11 million to Los Angeles research hospitals and universities to study regenerative treatments for disease.

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ProducePay Raises $14 Million Series B Round

Glendale-based Produce Pay Inc., a company that provides short-term financing for farmers raised a $14 million Series B round.

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MUFG Union Bank Expands Middle Market Capabilities With Intrepid Investment Acquisition

Los Angeles-based Intrepid Investment Bankers, a regional middle market investment banking firm involved in providing merger and acquisition and capital raising services, was acquired by San Francisco-based MUFG Union Bank, the two companies announced.

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Xprize Names Anousheh Ansari Chief Executive

Playa Vista-based Xprize Foundation Inc. on Oct. 18 named technology entrepreneur Anousheh Ansari is its new chief executive.

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Digital Radio Station Dash Raises $4.9 Million

Los Angeles digital radio platform Dash Radio Inc. has raised $4.9 million in equity securities, according to an Oct. 18 Securities and Exchange Commission filing.

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Silicon Beach Report Oct. 18: Activision’s Record-Breaking $500M Opening

Activision’s new game has a $500-million opening; Ticketmaster acquires blockchain startup; Bird’s new service could bypass city regulations.

Tastemade Raises $35 Million in Latest Funding Round

Tastemade, a Santa Monica-based digital video company raised $35 million in a Series E round, the company announced Oct. 17.

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Influential Investment Bankers in Los Angeles: Jonathan Zucker

Custom Content by the Los Angeles Business Journal

Jonathan Zucker is the Head of the Capital Markets Group at Intrepid.

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Influential Investment Bankers in Los Angeles: Charlie Woo

Custom Content by the Los Angeles Business Journal

Charlie Woo is a managing director and head of the Regional Investment Banking group at Wells Fargo Securities.

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Influential Investment Bankers in Los Angeles: Eric Winthrop

Custom Content by the Los Angeles Business Journal

Eric Winthrop is the head of Houlihan Lokey’s Liability Management and Special Situations practice.

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Influential Investment Bankers in Los Angeles: Cary H. Thompson

Custom Content by the Los Angeles Business Journal

Cary Thompson is Executive Vice Chairman of Global Investment Banking for Bank of America Merrill Lynch.

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Influential Investment Bankers in Los Angeles: George Swain

Custom Content by the Los Angeles Business Journal

George Swain is the founder and CEO of GeorgeSwain Investments (GSI).

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Influential Investment Bankers in Los Angeles: Duane K. Stullich

Custom Content by the Los Angeles Business Journal

Duane Stullich is Managing Partner and Co-Founder of FocalPoint Partners, a leading investment bank with offices in Los Angeles and Chicago.

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Wednesday, October 17

Report: L.A. City Economy Boomed in 2017

The Los Angeles city economy boomed last year, registering more than 2 percent job growth over the previous year, a 25 percent jump in the valuation of building permits and a 7.5 percent increase in business gross receipts taxes, according to a report released Oct. 17 from Beacon Economics.

Influential Investment Bankers in Los Angeles: Matthew Spain

Custom Content by the Los Angeles Business Journal

Matthew Spain is a Senior Managing Director and Head of Mergers & Acquisitions for Industrial Technology Investment Banking with B. Riley FBR, Inc.

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Influential Investment Bankers in Los Angeles: Rajesh Sood

Custom Content by the Los Angeles Business Journal

Rajesh Sood is Managing Partner and one of the founders of FocalPoint Partners

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Influential Investment Bankers in Los Angeles: Aaron Solganick

Custom Content by the Los Angeles Business Journal

Aaron Solganick is a high energy and experienced technology investment banker with an entrepreneurial spirit.

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SCE Fined $8M for Alleged Safety Violations Uncovered After Fallen Powerline Incident

State regulators announced Oct. 16 that they have fined Southern California Edison $8 million for alleged safety violations uncovered after a 2015 fallen powerline incident in the Mojave Desert community Twentynine Palms.

Influential Investment Bankers in Los Angeles: Mark Salter

Custom Content by the Los Angeles Business Journal

Mark Salter has been the Founder, CEO, and Managing Director of New Century Capital Partners for the past 12 years

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'Hamilton' Designer to Direct Projects for USC Shoah Foundation

David Korins, the designer of Broadway hit “Hamilton” will be the USC Shoah Foundation’s creative director on several of the foundation projects and exhibits, Korins said in an interview Oct. 17.

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Influential Investment Bankers in Los Angeles: Nishen Radia

Custom Content by the Los Angeles Business Journal

Nishen Radia is Managing Partner and Co-Founding Principal of FocalPoint Partners

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Influential Investment Bankers in Los Angeles: Joel Montminy

Custom Content by the Los Angeles Business Journal

Joel Montminy is known for his outstanding track record in M&A, helping reshape many Los Angeles businesses for the better and his entrepreneurship in founding

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Influential Investment Bankers in Los Angeles: Andrew W. Kline

Custom Content by the Los Angeles Business Journal

Andrew Kline is the founder of a Los Angeles based merchant bank, Park Lane

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Influential Investment Bankers in Los Angeles: Salomon Kamalodine

Custom Content by the Los Angeles Business Journal

Salomon Kamalodine is a Managing Director with B. Riley FBR, Inc.

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Silicon Beach Report Oct. 17: Riot Games Under Fire

Edlio gets investment for school communications; Riot Games accused of gender bias; Jukin Media proves old content doesn’t expire

Influential Investment Bankers in Los Angeles: David Iannini

Custom Content by the Los Angeles Business Journal

David Iannini has over 30 years of investment banking and financial experience.

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Influential Investment Bankers in Los Angeles: Ed Han

Custom Content by the Los Angeles Business Journal

Ed Han is a Director at Bank of America Merrill Lynch in the Financial Institutions Group

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UCLA to Lead $3.7M Study on Patient-Centered Research in L.A.

UCLA will lead a study conducted by four Los Angeles health care systems on how to improve patient-centered care thanks to a $3.7 million federal grant.

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Influential Investment Bankers in Los Angeles: Lloyd Greif

Custom Content by the Los Angeles Business Journal

Lloyd Greif has been a resolute champion of entrepreneurs and entrepreneurship for his entire 37-year career as an investment banker.

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Influential Investment Bankers in Los Angeles: Jim Freedman

Custom Content by the Los Angeles Business Journal

As Managing Director, Chairman and Founding Principal of Intrepid Investment Bankers, Jim Freedman has been an entrepreneur and founder of two highly-successful investment banks in a career spanning more than 35 years.

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Influential Investment Bankers in Los Angeles: Michael Cavallaro

Custom Content by the Los Angeles Business Journal

Michael Cavallaro is the Chief Executive Officer of MJC Partners, a Los Angeles based investment banking firm focused on the financial services sector, specifically targeting community banks.

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Influential Investment Bankers in Los Angeles: Ryan Caswell

Custom Content by the Los Angeles Business Journal

Ryan Caswell is a Director at Bank of America Merrill Lynch in the Financial Institutions Group

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Influential Investment Bankers in Los Angeles: Alexander Cappello

Custom Content by the Los Angeles Business Journal

Alexander Cappello founded Cappello Global 45 years ago.

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Influential Investment Bankers in Los Angeles: Jonathan Bluth

Custom Content by the Los Angeles Business Journal

Jonathan Bluth brings a unique perspective to M&A advisory services, leveraging his prior roles as Management Consultant and Vice President of Finance for a publicly traded healthcare services organization.

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Holiday Planning Guide 2018: Beautiful Holiday Season Meeting and Event Venues Await on the Ventura County Coast

Custom Content by the Los Angeles Business Journal

Find the meeting or conference space your team has been looking for.

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Holiday Planning Guide 2018: CAESARS FORUM is Set to Establish a New Standard for Special Events

Custom Content by the Los Angeles Business Journal

On July 16th, 2018, Caesars Entertainment Corporation, the world’s most diversified gaming and entertainment company, broke ground on their newest development

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CUSTOM CONTENT: Are You Still Operating Business As Usual? GROWING RISKS FOR LAW FIRMS

Trusted Advisors

Managing risk has become increasingly complex for law firms as they continue to evolve into large, global practices and face similar issues as any Fortune 500 multinational corporation.

CUSTOM CONTENT: The Value of a Proper Balance Between Your Business and Your “Giving Back” Philosophy

Trusted Advisors

Surrounding myself with the best has always been a strategy I have executed.

Tuesday, October 16

Silicon Beach Report Oct. 16: Netflix Adds 7 Million Users

J2 Global announces five acquisitions; Snap Inc. ad costs drop; Netflix totals 130 million subscribers

CIM Buys Historic Desmond Office and Retail Building in L.A.’s Miracle Mile District

Mid-Wilshire-based CIM Group Inc. acquired The Desmond, an 11-story, art deco office and retail building originally built in the late 1920s in the heart of the Los Angeles’ Miracle Mile district.

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Transom Capital Group Buys Gene Juarez Salons & Spas

Los Angeles-based private equity firm Transom Capital Group has acquired Gene Juarez Salons & Spas, a Seattle fashion and beauty brand, from private equity firm Evergreen Pacific Partners.

National Academy of Medicine Taps UCLA Neurosurgeon

Dr. Linda Liau, an internationally renowned neurosurgeon-scientist at UCLA, has been elected to the National Academy of Medicine.

Women’s Health Medical Device Maker Flex Co. Acquires Keela, Raises $3.6M

The Flex Co., a Venice-based medical device firm specializing in women’s health, announced Oct. 16 it had raised $3.6 million from investors while acquiring Keela, the designer of a menstrual cup.

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Shamrock Buys Catalog of Pop Hit Makers Stargate

Westwood-based investment firm Shamrock Capital announced Oct. 16 that it has acquired the song writing and production catalog of Stargate, a duo that has worked for years with Rihanna, and also penned hits for Beyonce and Katy Perry.

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City of Hope President Elected to National Academy of Medicine

Dr. Michael A. Caligiuri, president of City of Hope National Medical Center, has been elected to the National Academy of Medicine.

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Monday, October 15

Silicon Beach Report Oct. 15: $54 Million for Cloud9, New E-sports Arena Planned

Wavemaker names new executive in residence; Snapchat releases filters for your cat’s face; Cloud9 Esports raises $54 million

Universal Music Group Links with Mixcloud

Santa Monica–headquartered Universal Music Group Inc. signed a deal with British digital audio streaming firm Mixcloud on Oct. 15, ensuring that UMG artists will be compensated for the use of their music on Mixcloud’s platform.

San Pedro Ports Set Month and Fiscal Year Records

The Port of Long Beach set a new fiscal year record in container movement and the Port of Los Angeles recorded its best September in history, the ports recently announced.

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Cloud9 Plans New Esports Facility

Santa Monica e-sports organization Cloud9 Esports Inc. has raised a $53.6 million Series B round finalized Oct. 15.

Spark Networks to Pay Fine, Refunds for Automatic Credit Card Renewals

Billing transparency required for Spark dating sites including Jdate and Christian Mingle

Spark Networks USA Inc., the parent company of niche dating sites Christian Mingle and Jdate, has agreed to pay a $500,000 fine and refund nearly $1 million to settle charges from the Santa Monica City Attorney's Office of automatically renewing credit card charges for subscriptions without customers’ consent.

Boyd and Team Join Kidder Mathews from Charles Dunn

Commercial real estate veteran Bill Boyd and several members of his Glendale office have joined the Seattle-based brokerage Kidder Mathews from Charles Dunn Co.

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Friday, October 12

Silicon Beach Report Oct. 12: Bird Taps Uber for Executive Hires

Bird poaches Uber executives; Activision Blizzard debuts new title and shares surge 8.7 percent; political podcasts coming to pay TV.

Four L.A. Startups Make Pepperdine’s Most-Fundable List

Four of the top 15 companies that the Pepperdine Graziadio Business School selected as the “most fundable” companies as part of an analysis of thousands of early-stage U.S. companies are based in the Los Angeles region.

Still Strong

Office market chalks up gain in average asking price despite additions of new space

Demand for office space in Los Angeles County continued to be strong enough to push rents higher despite new supply coming onto the market in the third quarter.

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CSU Dominguez Hills Receives $4.5M Grant for College-Prep Programs in Compton

California State University, Dominguez Hills has received a $4.5 million grant from the U.S. Department of Education to increase the number of low-income students in the Compton Unified School District in a program to help preparing them for college, the university announced Oct. 12.

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Two-Story Property in Larchmont Village Sells for $23.5M

Malibu-based real estate investment firm Christina Development Corp. has purchased a two-story, 17,000-square-foot storefront retail and office building at 124-148 N. Larchmont Blvd. in Larchmont Village for $23.5 million, or roughly $1,372 per square foot.

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Former Trump Advisor Gary Cohn Joins Marina del Rey Blockchain Firm

Former U.S. National Economic Council Director Gary Cohn has joined Marina del Rey-based blockchain startup Spring Labs’ board of advisors.

Homeless Recuperative-Care Facility Opens in Pico-Union Following $1M Renovation

The Los Angeles-based National Health Foundation on Oct. 12 opened a 62-bed recuperative-care facility in Pico-Union for homeless residents discharged from nearby hospitals.

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Real Estate Quarterly | Sunset Scene

The real estate market in Los Angeles County is expansive with a diverse array of submarkets all featuring unique characteristics and component parts.

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Women on Boards Will Prove Good for All

Commentary

Gov. Jerry Brown made history Sept. 30 by signing a bill into law that requires major California-based companies to have female directors on their boards.

Centered on Sunset

Strip redevelopment seen as providing WeHo anchor

A wave of hotels, luxury mixed-use projects, big-name retail and rising lease rates on office space point to the Sunset Strip’s burgeoning status as the epicenter of West Hollywood.

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Net Gain?

Deals for studio space highlight robust demand, constraints

Recent real estate deals by Netflix highlight hot market, constrained outlook on studio space.

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Podcast Hub: Mixed Bag in Flux

MEDIA: Some pullbacks amid revenue growth

Los Angeles is growing as a hub for podcast.

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Twin Ports, Two Records

SHIPPING: Gains come amid global consolidation trend

The maritime shipping industry has seen a rising wave of consolidation.

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Lowe Sells Two Roads to Hyatt for $480M

Firm says deal allows focus to shift from management to development; additional liquidity helpful

Brentwood-based real estate investment firm Lowe said its sale of the Two Roads Hospitality business it ran with San Francisco-based private equity firm Geolo Capital to Hyatt Hotels Corp., of Chicago, for $480 million is designed to raise liquidity to fund projects elsewhere.

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BizFed Name Heads North

ORGANIZATIONS: Brand, model in use by new group

The Los Angeles County Business Federation has launched a franchise venture.

Edison Still Not Fireproof

UTILITIES: State offset on liabilities not retroactive

Edison International could be on the hook for up to $4 billion in damages from recent fires.

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BizFed Opposes 3 Ballot Measures

BizFed Opposes 3 Ballot Measures

BizFed weighs in against trio of ballot measures.

Lobbyists Set Up Shop in DC

SERVICES: Vectis Strategies hires pair of former congressman for office

Lobbyists open satellite shop in D.C.

PAGE 3 | Roll Credits: Spanos to Berkhemer-Credaire

Thomas Speiss specializes in intellectual property at Stradling’s office in Santa Monica, so he knows the value of a good logo

Hudson in Deal for S.F. Ferry Building

Joint venture with Allianz Real Estate in Germany

Hudson Pacific buys in San Francisco.

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More to Store

Strong employment boosts self-storage sector, prompts addition of 588,000 SF in L.A. County

Storage space market lifted by strong job market.

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EP Wealth Adds Again With Deal in Colorado

More in mind under 2020 timeline for ambitious growth goal

EP Wealth Advisors adds a Denver-area firm.

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Game Developer Fiending for Growth

Seriously Digital sees $19.5 million in Q3 sales, adds new online shop

Big jump in revenue for Venice-based Seriously.

Ellison Institute Taps Crew for Collaboration

Diverse specialties work together in molecular-driven medicine

USC’s Ellison Institute staffs up.

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STYLE | Funereal Festivities

Tyler Cassity • Hollywood Forever Inc.

Cemetery style

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LA84’s Playbook

Commentary

Imagery in ads for the LA84 Foundation Summit at the J.W. Marriott at L.A. LIVE on Oct. 18 hearkened back to the raised-fist, Black Power salutes by sprinters Tommie Smith and John Carlos during the medal ceremony at the 1968 Olympics in Mexico City.

Thursday, October 11

Kitchen United Receives $10M Funding From L.A. Investors

Kitchen United, a Pasadena-based startup that wants to help restaurants open to new markets without investing in additional real estate, raised $10 million in a series A round of funding led by Alphabet’s venture capital arm GV, with participation from Los Angeles investors Harry Tsao and John Miller.

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Long Beach Airport Opens Reconstructed Runway for General Aviation

Long Beach officials marked the opening of reconstructed runway at Long Beach Airport for general aviation on Oct. 11.

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L.A. Prices Rose 0.5 Percent in September

Annual inflation rate remains steady at 3.9 percent

Consumer prices in the Los Angeles area rose 0.5 percent in September, but the annual inflation rate held steady at 3.9 percent, according to data released Oct. 11 from the U.S. Bureau of Labor Statistics.

Brown Names 15 to the L.A. County Superior Court, Trump Names Five to the Ninth Circuit, U.S. District Court

Governor Jerry Brown on Oct. 11 announced the appointment of 33 California Superior Court judges, including 15 in Los Angeles County.

Parsons Joins Contractors in Exide Battery Clean Up

Parsons Environment and Infrastructure Group Inc., a unit of Pasadena-based Parsons Corp., has been added as a contractor to clean up properties near the former Exide Technologies battery recycling plant, the state Department of Toxic Substances Control announced Oct. 10.

Englander to Leave L.A. City Council to Join Oak View

Los Angeles City Councilman Mitch Englander will step down at the end of the year to join live sports and entertainment company Oak View Group as executive vice president of government affairs, Englander announced Oct. 11.

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Allogene Therapeutics Raises $324 Million in IPO as Shares Soar

Shares in South San Francisco-based Allogene Therapeutics Inc. rose nearly 40 percent to $25 at the close of its first day of trading on Oct. 11 after a $324 million initial public offering.

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Metropolitan Water District Board Selects New Chair

The board of the Metropolitan Water District of Southern California, a downtown-based water wholesale cooperative, selected local water official Gloria Gray as its new chair.

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Silicon Beach Report Oct. 11: EagleTree Capital Acquires FuseFX

EagleTree Capital picked up a majority stake in visual effects company FuseFX; Northrop Grumman landed $792 million Air Force contract; Catalog raised $1.5 million in a seed round.

MedMen to Acquire PharmaCann for $682 Million

Culver City-based cannabis company MedMen Enterprises Inc. announced its acquisition of PharmaCann in an all-stock deal valued at $682 million.

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Local Lobbying Firm Vectis Opens DC Office with Two Former Congressmen

Vectis Strategies, an El Segundo government relations and lobbying firm, has opened a Washington D.C. office with two former California congressmen as partners, the firm announced Oct. 11.

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Shopify Opens its First Store in Los Angeles

Canadian e-commerce company Shopify Inc. opened its first brick-and-mortar operation in downtown on Oct. 11

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Wednesday, October 10

LMU Receives $1M Federal Grant for International Business Education Program

Loyola Marymount University’s College of Business Administration has received a grant of more than $1 million from the U.S. Department of Education to expand international business education initiatives over the next four years, the university announced Oct. 10.

Cedars-Sinai Accelerator Graduates Companies with Innovative Health Care Products

Cedars-Sinai Medical Center has graduated eight digital health startups from its business accelerator program with products designed to improve health care.

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Hologram USA-Made Reagan Hologram Debuts at Reagan Library

Ronald Reagan, the 40th president of the United States, will be the first president to have his own hologram, according to an Oct. 10 announcement of the Ronald Reagan Presidential Foundation and Library.

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Silicon Beach Report Oct. 10: Katzenberg TV Company Gets a Name

Quibi to produce short-form video; Snap pushes for original content amid funding crisis; Insomniac launches new virtual reality game

UTA Launches Content Partnership

United Talent Agency announced Oct. 10 a joint venture with content creator Valence Media Group called Civic Center Media that will produce original and movies and TV shows.

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UCLA Receives $5M Federal Grant to Study Early Lung Cancer Detection

UCLA has been awarded a $5 million federal grant to develop tools to improve early detection of lung cancer.

SunTrust, Deutsche Bank Strengthen Private Wealth Management in California

Two major banks recently bolstered their wealth management businesses in California, with new manager hires in Los Angeles.

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OGN Plans E-sports Arena in Manhattan Beach, Partners With PubG

South Korean broadcast company OGN is constructing a 35,000-square-foot e-sports arena in Manhattan Beach, and selected game developer PlayerUnknown Battlegrounds Co. Ltd. (better known as PubG Co.) as its first league partner.

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Leaders in Law 2018: LACBA Domestic Violence Legal Services Project Receives $10,000 Grant from the Association of Certified Family Law Specialists Foundation

Custom Content by the Los Angeles Business Journal

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: Leaders in the Sky - A Letter from American Airlines

Custom Content by the Los Angeles Business Journal

American Airlines is proud to sponsor the Los Angeles Business Journal’s 2018 Leaders in Law.

Leaders in Law 2018: How to Manage an Overtime Policy

Custom Content by the Los Angeles Business Journal

How can a company manage its overtime policy in compliance with California law?

Leaders in Law 2018: Asking Insurers to Pay For Defense of Litigation

Custom Content by the Los Angeles Business Journal

Liability insurance can help companies decrease the financial burden of litigation.

Leaders in Law 2018: The California Consumer Privacy Act: What Businesses Need to Know

Custom Content by the Los Angeles Business Journal

The California Senate and Assembly unanimously approved the California Consumer Privacy Act (CCPA) on June 27, 2018 (AB 375), and Governor Jerry Brown signed it into law the next day.

Leaders in Law 2018: Firm Attorney Nominees

Custom Content by the Los Angeles Business Journal

Dr. Dariush Adli ADLI Law Group P.C. Angela C. Agrusa DLA Piper James L. Arnone Latham & Watkins LLP Ryan Baker Baker Marquart LLP Bob Baradaran Greenberg Glusker LLP Brandon E. Barker Mintz Levin Michele J. Beilke Hunton Andrews Kurth LLP Ivy Kagan Bierman Loeb & Loeb LLP Jonathan Bloch Brownstein Hyatt Farber Schreck, LLP

Leaders in Law 2018: State Bar Board Addresses Governance Reform and Accountability

Custom Content by the Los Angeles Business Journal

This past summer, the State Bar of California continued its discussion about important governance reform and accountability measures designed to ensure that the agency is meetings its public protection mandate in the most effective and efficient ways possible.

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Leaders in Law 2018: In-House Counsel Nominees - Jared Wolff

Custom Content by the Los Angeles Business Journal

Jared Wolff is Executive Vice President, General Counsel and Corporate Secretary of City National Bank

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Chargers Owner Alex Spanos, 95

Los Angeles Chargers majority owner Alexander Gus Spanos died Tuesday morning. He was 95.

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Cash-Strapped Snap? Stock Price Slides Following Analyst Report

The stock price for Snap Inc. hit a new low — falling 6.4 percent to $7 a share – after a report described the Santa Monica social media company as “quickly running out of money.”

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Tuesday, October 9

Sage Group Advises Bombas' Recapitalization with Great Hill Partners

Bombas, a sock manufacturer, has completed a recapitalization with Great Hill Partners, a Boston-based private equity firm, with financial advisory services provided by the Sage Group, a Santa Monica-based investment bank.

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Leaders in Law 2018: In-House Counsel Nominees - Thomas Wehinger

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Thomas Wehinger serves as the General Counsel for Regent LP

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Leaders in Law 2018: In-House Counsel Nominees - Tyler Theobald

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Tyler Theobald currently serves as assistant general counsel and compliance officer at Marcus & Millichap.

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Leaders in Law 2018: In-House Counsel Nominees - Dan Tepstein

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Daniel C. Tepstein serves as Chief Litigation Counsel for Oath

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Leaders in Law 2018: In-House Counsel Nominees - Jaclyn Swe

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Jaclyn Swe is Aptus’ self-proclaimed Fitbit steps champion, and no one has challenged her dominance yet.

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Silicon Beach Report Oct. 8: PWC Links With Cred to Create Cryptocurrency Standards

PWC links with Cred; Bonfire Ventures invests in drone maker; BlackLine enters Japanese market

Leaders in Law 2018: In-House Counsel Nominees - Robert Rubenstein

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Robert Rubenstein is a senior executive and lawyer with more than 24 years of experience leading and managing transactions

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Leaders in Law 2018: In-House Counsel Nominees - Michael Rowles

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Michael Rowles has served as Executive Vice President, General Counsel and Secretary of Live Nation Entertainment, Inc.

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Leaders in Law 2018: In-House Counsel Nominees - John Rogovin

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John Rogovin is considered to be one of the most strategic and insightful general counsel in Los Angeles.

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Leaders in Law 2018: In-House Counsel Nominees - Kathryn Richman

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Kathryn Richman, general counsel for Hughes Marino, is responsible for the legal affairs of the company and also supports its representation of tenants and buyers as leader of the Hughes Marino legal team.

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Leaders in Law 2018: In-House Counsel Nominees - A. Joel Richlin

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After beginning his legal career at Heller Ehrman, Joel Richlin completed clerkships in both the U.S. District Court and U.S. Bankruptcy Courts.

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Leaders in Law 2018: In-House Counsel Nominees - 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,

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Leaders in Law 2018: In-House Counsel Nominees - Michael L. Preston

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Michael L. Preston has been Executive Vice President, General Counsel and Corporate Secretary at California Resources Corporation since 2014

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Leaders in Law 2018: In-House Counsel Nominees - Courtney Powers

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Courtney Powers, VP and General Counsel for GRACE, serves on the board of Women Lawyers Association of Los Angeles and the UCLA Law Alumni Association.

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Leaders in Law 2018: In-House Counsel Nominees - Zazi Pope

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Zazi Pope is Senior Vice President and Deputy General Counsel for Warner Bros., where she has worked since 1992.

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Leaders in Law 2018: In-House Counsel Nominees - Matthew Polesetsky

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Matthew Polesetsky is General Counsel at Wovexx Holdings Inc.

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Leaders in Law 2018: In-House Counsel Nominees - Philippe Phaneuf

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Philippe Phaneuf is Gensler’s General Counsel and Corporate Secretary.

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Leaders in Law 2018: In-House Counsel Nominees - Brian Ostler

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Brian Ostler, Deputy City Attorney, has been with the Los Angeles City Attorney’s Office at Los Angeles World Airports (LAWA) for more than 12 years.

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Leaders in Law 2018: In-House Counsel Nominees - 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

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Bain Capital Picks Up L.A.-Based Senior Care Company LivHome

An investment fund run by Boston-based Bain Capital has acquired LivHome Inc., a Miracle Mile–based in-home care company for seniors, and will combine the company with another newly acquired in-home services firm based in North Carolina.

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Leaders in Law 2018: In-House Counsel Nominees - Richard B. Levy

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Rick Levy is a Founding Partner and General Counsel of ICM Partners

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Kite Wins Approval to Sell Blood Cancer Treatment in the U.K.

Santa Monica-based Kite, a Gilead Co., was given a go-ahead by the United Kingdom to treat some adults with lymphoma with its cell-based cancer therapy that was initially rejected as too costly.

Leaders in Law 2018: In-House Counsel Nominees - Jason P. Lee

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Jason P. Lee joined Lido Advisors, LLC as General Counsel and Chief Compliance Officer in 2017.

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Leaders in Law 2018: In-House Counsel Nominees - Charles LaChaussee

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Charles LaChaussee is an experienced attorney with a proven track record in securities arbitrations and significant accomplishments as in-house counsel.

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Leaders in Law 2018: In-House Counsel Nominees - Victor King

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Victor King is the only on-site general counsel in the 23-campus California State University system.

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Leaders in Law 2018: In-House Counsel Nominees - Lisa L. Kim

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Lisa L. Kim serves as Executive Vice President, General Counsel and Secretary of Cathay General Bancorp.

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Leaders in Law 2018: In-House Counsel Nominees - Shannon Kelly

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Shannon Kelly serves as corporate counsel for Halo Top Creamery

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Leaders in Law 2018: In-House Counsel Nominees - Mary Ellen Kamoff

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Mary Ellen Kanoff is General Counsel of Peninsula Pacific

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Leaders in Law 2018: In-House Counsel Nominees - David Robert Holmquist

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Dave Holmquist has been an important member of the LA Unified School District’s senior leadership team, since coming to the District in 2003.

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Leaders in Law 2018: In-House Counsel Nominees - Victoria Harvey

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Victoria Harvey joined Smile Brands in July 2014 as Associate General Counsel and was appointed Senior Vice President and Chief Legal Officer in April 2015.

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Leaders in Law 2018: In-House Counsel Nominees - Todd Greene

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Todd Greene serves as EVP Business Affairs & General Counsel for PMC.

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Leaders in Law 2018: In-House Counsel Nominees - William Goodwin

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Bill Goodwin is the General Counsel at AirMap, a start-up powering the future of low-altitude flight, where he manages the legal and policy teams.

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Leaders in Law 2018: In-House Counsel Nominees - Rahwa Ghebre-Ab

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Rahwa Ghebre- Ab serves as Senior Vice President of Business & Legal Affairs at Lionsgate.

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Leaders in Law 2018: In-House Counsel Nominees - Jeffrey Freedman

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Jeffrey Freedman is General Counsel of Creative Artists Agency (CAA) with senior management responsibilities that include all legal

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Leaders in Law 2018: In-House Counsel Nominees - Daniel M. Flores

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Daniel M. Flores, Senior Vice President and the head of litigation at Metro-Goldwyn- Mayer Studios Inc.

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Leaders in Law 2018: In-House Counsel Nominees - Andrew J. Dunbar

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Andy Dunbar joined Bel Air Investment Advisors LLC in 2015, shortly after its acquisition by a large foreign asset manager.

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Leaders in Law 2018: In-House Counsel Nominees - 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.

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Monday, October 8

Coffee Bean & Tea Leaf Planning Baldwin Hills HQ

International Coffee & Tea, which does business as The Coffee Bean & Tea Leaf, is planning to move out of the Wilshire Courtyard campus on the Miracle Mile and into a new corporate headquarters to be built on the 6000 block of West Jefferson Boulevard in the Baldwin Hills/Crenshaw neighborhood.

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Leaders in Law 2018: In-House Counsel Nominees - 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.

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Leaders in Law 2018: In-House Counsel Nominees - Molly Coleman

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Molly Coleman is a seasoned, highly practical attorney with 13+ years of experience supporting emerging businesses in all areas, including capital raising, strategic partnerships

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Leaders in Law 2018: In-House Counsel Nominees - Stephen W. Clark

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Stephen Clark has spent nearly 25 years helping museums and nonprofit institutions on some of their most difficult legal problems.

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Leaders in Law 2018: In-House Counsel Nominees - 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.

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Leaders in Law 2018: In-House Counsel Nominees - 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.

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Leaders in Law 2018: In-House Counsel Nominees - Francesca Brooks

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Since coming on board to Century Group in 2016 as General Counsel

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Leaders in Law 2018: In-House Counsel Nominees - 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.

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Leaders in Law 2018: In-House Counsel Nominees - Courtney Braun

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Courtney Braun is Senior Vice President and Deputy General Counsel for Endeavor, a leading entertainment, sports and fashion company formed after the merger of Hollywood talent agency WME and sports, fashion and entertainment powerhouse IMG.

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Leaders in Law 2018: In-House Counsel Nominees - Jennifer Banks

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Jennifer J. Banks is Co-Chief Operating Officer, General Counsel and Corporate Secretary for Alexandria Real Estate Equities.

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Leaders in Law 2018: In-House Counsel Nominees - Michael Alvarado

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Michael Alvarado is FivePoint’s Chief Legal Officer.

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Commercial Bank of California hires presidents for L.A. and Orange counties

CBC Bancorp, the holding company for the newly established private bank Commercial Bank of California, has added leading market executives to its operations in Los Angeles and Orange counties.

Silicon Beach Report Oct. 8: Faraday Future Weighs Options

First rocket touchdown for SpaceX; Faraday and Evergrande dispute; “Twin Peaks” comes to virtual reality

Hudson Pacific Teams With German Firm to Buy S.F. Ferry Building for $291M

Westside-based developer Hudson Pacific Properties Inc. and Germany-based Allianz Real Estate have formed a joint venture to purchase San Francisco’s Ferry Building at 1 The Embarcadero, from Blackstone Group affiliate Equity Office for $291 million.

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Top-Read Stories of the Week

Top-Read Stories of the Week

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Friday, October 5

Metal Finishing Company to Stop Operations Emitting Toxic Compound

Anaplex Corp. in the city of Paramount has been ordered by the South Coast Air Quality Management District to temporarily curtail all operations and processes emitting toxic hexavalent chromium.

Penelope Foley Joins TCW board following sexual harassment lawsuit

The TCW Group, a Los Angeles-based global asset management company, has appointed Penelope D. Foley to its board of directors, to replace former board member Jess Ravich, who resigned from board after an investigation uncovered “unprofessional communications.”

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Silicon Beach Report Oct. 5: AeroVironment Lands $13 Million Contract

Air Force grants AeroVironment $13 million; Snap survival strategy leaked; Treyarch prepares for new game launch

Cadiz Promises $5 Million to Mojave Water Systems

Cadiz Inc., the downtown water company with a proposed project to pump and transport water from an aquifer beneath its Mojave Desert land holdings, announced Oct. 5 that it plans to donate up to $5 million from project revenue towards efforts to improve water quality at nearby water systems and throughout Southern California.

Synergies for Saban?

ENTERTAINMENT: Buys into end-to-end Hollywood play

Haim Saban’s latest deal sets up camera-maker Panavision as an end-to-end player.

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Biotech Band Back Together

HEALTH CARE: Belldegrun outfit gets $420M, plans IPO

Cadre of L.A. scientists behind Kite Pharma head north with new project.

2-Way Street for Staffing Firms

SERVICES: Plenty of demand, challenge on supply

Temporary placement firms in L.A. see consolidation as gig economy challenges industry.

Hanmi Financial Seeks Breakup Fee

FINANCE: Busted deal in Texas leads to lawsuit against bank, directors there

Hanmi Financial files lawsuit over nixed SWNB Bancorp acquisition.

Cadiz Promises $5M in Mojave

UTILITIES: Funds for water systems would come from project’s revenue

Cadiz Inc. donates $5 million toward improving water quality.

PAGE 6: What ‘Multi-Jurisdictional’ Means to City of Angels

Charles Long got into town a few months ago as the Century City-based regional president of BNY Mellon Wealth Management, and he brought some valuable experience from the firm’s Hong Kong office

Google Sets Up Shop in Goose Hangar

Purchase of 12 acres hints at expansion plans

Google sets up shop at Spruce Goose hangar in Playa Vista.

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LONG REACH

Economic impact of immigrants in L.A. County’s second largest city

A new study shows the economic impact immigrants have on Long Beach.

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Valore, Grays Plan Roll Up of Storage Outfits

PE firms look to combine storage firms in California, expand in U.S. West

Valore Ventures and Grays Peak Capital look to roll up storage facilities.

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Moss Adams’ Innovator Award Back in Fashion

Elie Madi tapped for honors at Petersen Automotive Museum

Moss Adams brings back Fashion Innovator Award after two-year hiatus.

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Gallery Offers Crypto-Exclusive Art Sale

Art dealer explores digital currencies as payment method for works

House of Fine Art pushes cryptocurrency for gallery purchases.

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Cost Keeps Big Renewals Ahead of Schedule

Report pegs average renewal for 75,000 SF or more at 22 months early

CBRE Research finds large office tenants in Los Angeles County renewing leases earlier.

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STYLE | On the Dot

Sol Yamini • Pink Dot Inc.

Delivery dynamo

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What’s Your Sign? Check Again on Prop. 65

Commentary

A few years ago, a hardware store owner shared the story of how a group of attorneys traveled from San Diego to Los Angeles to visit his store.

Trumped or Swamped?

Commentary

Put the champagne on ice when it comes to the United States-Mexico-Canada Agreement

DOMINO EFFECT

Apparel manufacturers invest in digital wholesale site

Apparel manufacturer Fashion Domino finding roadmap to e-commerce retailers.

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District Study Drills Deeper

ECONOMY: Chamber orders first report based on big data

Study digs into economic data for L.A.’s 10th District.

Thursday, October 4

Hollywood Post-Production Outfit Announces Equity Financing

Picture Head, a Hollywood-based post-production shop, announced recently a private equity investment from Trive Capital, a Dallas private equity group, and Five Crowns Capital, a Newport Beach private equity outfit.

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Hanmi Acquisition of SWNB Collapses, Lawsuit Filed

Hanmi Financial has filed a lawsuit against SWNB Bancorp in Houston and its directors, claiming they “orchestrated a scheme” to ensure that a planned acquisition did not survive a vote of the bank’s stockholders, according to a copy of the lawsuit.

Netflix to Move into All 13 Stories at Hudson’s Epic in Hollywood

Netflix Inc. has agreed to an 11-year lease of the entirety of Epic, a 13-story, 328,000-square-foot office building located at 5901 Sunset Blvd. in Hollywood and owned by Hudson Pacific Properties.

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Silicon Beach Report Oct. 4: Activision Hires New President

Vogue publishes Spanish Snapchat edition; op-ed accuses SpaceX of safety violations; Brack at the helm of Blizzard

Arrowhead Pharmaceuticals Cuts Deal With J&J Valued at Up to $3.7B

Pasadena-based Arrowhead Pharmaceuticals Inc. has entered a licensing agreement with Johnson & Johnson to develop a drug to treat the hepatitis B virus in a deal that could be worth up to $3.7 billion, the company announced Oct. 4.

ZipRecruiter Raises $156 Million

Santa Monica-based digital job search platform ZipRecruiter Inc. announced Oct. 4 it secured $156 million in a funding round led by Wellington Management Co. and Institutional Venture Partners.

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Wednesday, October 3

Activision Blizzard Names New President; Leadership Team Members

Santa Monica-based Activision Blizzard Inc. named J. Allen Brack its new president of Blizzard Entertainment Oct. 4, alongside two new promotions to the executive leadership team.

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Prominent Entertainment Litigator Jumps to Quinn Emanuel

Robert Schwartz, who defends some of the world’s largest media and entertainment companies and personalities in litigation, has joined Quinn Emanuel Urquhart & Sullivan, departing from Irell & Manella.

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Caltech Chemistry Professor Awarded Nobel Prize in Chemistry

Frances Arnold, a chemistry professor at the California Institute of Technology, in Pasadena, won the Nobel Prize in chemistry for her work on the evolution of enzymes, the Royal Swedish Academy of Sciences and Caltech announced Oct. 3.

Hilton’s DoubleTree Suites in Santa Monica Sells for $154M

Canada-based hotelier Westmont Hospitality Group and New York-based real estate investment firm Square Mile Capital Management have purchased the eight-story, 253-room, 206,000-square-foot DoubleTree Suites by Hilton Hotel Santa Monica at 1707 4th St. for $154 million, or nearly $608,700 per room.

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East West Bank Manager and Customer Convicted of Conspiracy to Commit Money Laundering

A federal jury returned guilty verdicts against an East West Bank branch manager and a bank customer who conspired to launder more than $25,000 in cash by converting the currency into cashier’s checks.

Kaiser Permanente Cuts Tentative Labor Agreement With U.S. Health Care Workers

Kaiser Permanente has reached a tentative labor agreement with an alliance of union health care workers in eight states and Washington D.C. that includes more than 30,000 workers in Southern California.

Silicon Beach Report Oct. 3: Google Expands in Playa Vista

Google comes to Playa Vista; Uber launches Santa Monica Scooters; Jam City links with voting nonprofit

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Jam City Encouraging Midterm Voting With Mobile PSA

Culver City-based mobile game developer Jam City Inc. announced Oct. 3 it will partner with nonprofit voter registration organization When We All Vote to produce public service announcements encouraging its users to vote.

Google Expands in Silicon Beach

Alphabet Inc.-subsidiary Google moved into the Spruce Goose hangar in Playa Vista Oct. 3, two years after it began leasing the space.

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Tuesday, October 2

Troy Capital Announces $200M Fund to Provide Liquidity to Pre-IPO Employees, Investors

Troy Capital Group, an affiliate of funds managed by Los Angeles-based private equity giant Oaktree Capital Management, launched a $200 million fund to provide liquidity to employees and investors of private companies whose liquidity is tied to company stock.

CFO Awards 2018 Survey: Firms Slow to Adopt Fintech; Tax Reform Boosts CFO Optimism

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Despite expected growth in the use of financial technologies such as blockchain, many American firms say they don’t expect it to disrupt their business models while those who do are slow to respond.

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CFO Awards 2018: CFOs Weigh in on Factors Affecting M&A Deals

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From strategy to implementation, there is significant opportunity to capture more value from M&A deals—according to a recent survey conducted by Grant Thornton LLP.

Transom Capital-Backed Loud Audio Sells EAW Brand to RCF Group

Los Angeles-based private equity firm Transom Capital Group announced the sale of Eastern Acoustics Works, a unit of Loud Audio, to Italy’s RCF Group.

CFO Awards 2018: How to Prepare Future Financial Stewards for an Evolving Marketplace

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Last year, Dr. Joseph Aoun, president of Northeastern University, referenced the coming of a revolution.

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L.A. County to Notify Doctors of Patient Opioid Deaths

Physicians across Los Angeles County will soon be notified by the Medical Examiner-Coroner if a patient has died of an opioid overdose.

Breakaway Capital Provides Financing to M-Theory Group

Century City private investment lender Breakaway Capital funded a total of $4 million to M-Theory Financial Group LLC to refinance debt, and provide capital for growth of its private-cloud data hosting services.

American Airlines to Resume Dallas Flights at Hollywood Burbank Airport

American Airlines is bringing back daily service between Hollywood Burbank Airport and Dallas Fort Worth International Airport starting in the spring.

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CFO Awards 2018: Nominees

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Brett Abbey Mob Scene Darlington Ahaiwe Woodcraft Rangers Phillip Ahn B. Riley Financial Fernando Almodovar Child360 Robert Berman CASA of Los Angeles

Silicon Beach Report Oct. 2: New Hyperloop Pod Revealed

Hyperloop Transportation Technologies shows off new tech; Appetize and Tropical Smoothie Cafe partner; Recargo acquired by Innogy

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CFO Awards 2018 Finalists: Sarah Marie Campbell - Rising Star CFO of the Year

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Sapphos Environmental, Inc. Chief Financial Officer Sarah Marie Campbell has more than 13 years of experience in the strategic consulting field and ten years of industry experience.

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CFO Awards 2018 Finalists: Jeanelle Arias - Rising Star CFO of the Year

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Jeanelle Arias joined Eureka! Restaurant Group in 2013, with more than 10 years of accounting and financial management experience.

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CFO Awards 2018 Finalists: Margaret W. "Peggy" Minnich - Non-Profit CFO of the Year

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Peggy Minnich joined The California Wellness Foundation in 1992 as Controller/Director of Finance.

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CFO Awards 2018 Finalists: Brian Gieseler - Non-Profit CFO of the Year

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Brian Gieseler stepped into the CFO role at Heluna Health at a pivotal time and quickly made a substantial positive impact on the organization.

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USC Biomedical Engineers Awarded $2.4 Million to Combat Kidney Disease

Biomedical engineers at USC have been awarded a $2.4 million federal grant to study how nanoparticles can treat kidney disease, the university announced Oct. 2.

West Covina Apartment Complex Acquired for $33.9 Million

An affiliate of Abacus Capital Group, a New York-based real estate investment firm, has purchased the Atrium Apartments, a two-story, 138-unit, 146,000-square-foot apartment complex at 1829 E. Workman Ave. in West Covina, for $33.9 million or nearly $245,700 per unit from MG Properties Group, a San Diego-based apartment owner and operator.

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CFO Awards 2018 Finalists: Jang Lee - Public Company CFO of the Year (Small Company)

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Jang Lee is the CFO of Joymode, overseeing accounting, finance, planning and investor relations.

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Platinum Equity Completes $2.1 Billion Acquisition of LifeScan From Johnson & Johnson

Beverly Hills private equity firm Platinum Equity completed its acquisition of LifeScan from Johnson & Johnson for roughly $2.1 billion, with the exception of certain non-U.S. jurisdictions that are each expected to close at a later date.

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CFO Awards 2018 Finalists: Charlie Borsheim - Public Company CFO of the Year (Small Company)

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Charlie Borsheim joined Keslow Camera in January of 2016 as its Chief Financial Officer.

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CFO Awards 2018 Finalists: Peter Kim - RSM Middle Market Award

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Peter Kim has a rich background spanning private equity, management consulting, investment banking, and private enterprise.

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CFO Awards 2018 Finalists: David Isaksen - RSM Middle Market Award

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David Isaksen is a strategic and tactical financial executive with strong leadership and consensus building experience.

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CFO Awards 2018 Finalists: Joseph E. Miller - Public Company CFO of the Year (Large Company)

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Joe Miller, CPA, is the Chief Financial Officer and Chief Operating Officer at Griffin Capital, a leading alternative investment asset firm with roughly $10.45 billion in assets under management.

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CFO Awards 2018 Finalists: Maureen Burke - Private Company CFO of the Year (Large Company)

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Maureen Burke was hired as ACTH’s CFO in March of last year to professionalize finance and accounting operations including corporate-subsidiaries financial planning

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CFO Awards 2018 Finalists: Peter Hovenier - Public Company CFO of the Year

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Peter Hovenier is the Chief Financial Officer at Boingo Wireless, the global leader in connectivity.

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CFO Awards 2018 Finalists: Matthew Clark - Public Company CFO of the Year

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As Executive Vice President and Chief Financial Officer, Matthew Clark oversees the strategy,

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Deluxe Entertainment Consolidates Locales, Opens News Office in Hollywood

Motion picture post-production company Deluxe Entertainment Services Group Inc. is consolidating locations and opening a new office in Hollywood.

CFO Awards 2018 Winners: John Kuch - Lifetime Achievement Award

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John Kuch is a savvy financial executive with more than 30 years of industry experience.

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CFO Awards 2018 Winners: Doug Lorenzen - Rising Star CFO of the Year

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As the CFO of Talespin VR/AR, Doug Lorenzen is spearheading the funding and development of virtual reality simulations that put employees inside of immersive environments, teaching skills in a way that is fun and effective.

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Monday, October 1

Gardiner & Theobald Takes 7,100 SF at the Row DTLA

Other new tenants include Soho House, Avery Dennison and The Manufacturery

London-based construction and property consultancy firm Gardiner & Theobald is relocating its local office to 7,100 square feet of space at Row DTLA at 767 S. Alameda St. in downtown Los Angeles after 12 years in Beverly Hills.

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Hawthorne Apartment Complex Sells for $18.5M

A Miami Beach, Fla.-based limited partnership has sold the Laurel Pointe Apartments, a two-story, 115-unit, 70,000-square-foot apartment building at 13607 Cordary Ave. in Hawthorne, for $18.5 million, or nearly $161,000 per unit, to Cordary Apt, a La Jolla-based limited liability company, according to CoStar Group Inc.

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Molina Healthcare Spins Off IT Unit for $231 Million

Long Beach-based Molina Healthcare Inc. announced Oct. 1 it had completed the sale of its Molina Medicaid Solutions to DXC Technology Co. for $231 million.

CFO Awards 2018 Winners: George Disalvo - Non-Profit CFO of the Year

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Throughout his 16-year career as Chief Financial Officer for the Southern California Region of Kaiser Foundation Health Plan and Hospitals,

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DaVita Medical Holdings to Pay $270 Million Federal Settlement

Davita Medical Holdings, based in El Segundo, has agreed to pay a $270 million settlement to resolve federal allegations of Medicare billing fraud, the U.S. Attorney’s Office announced Oct. 1.

Live Nation’s Ticketmaster Sued for Alleged Partnership with Ticket Scalpers

A lawsuit alleges that Ticketmaster partakes in unfair business practices by encouraging scalpers to buy tickets in bulk, and then resell those tickets, a practice that enables Ticketmaster to collect a fee on the original sale plus the resale of the ticket.

Gubler to Retire as Head of Hollywood Chamber; Ghadban to Take Over

Longtime Hollywood Chamber of Commerce Chief Executive Leron Gubler will retire at the end of the year, to be replaced by current Simi Valley Chamber Chief Executive Rana Ghadban, the Hollywood chamber announced Oct. 1.

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CFO Awards 2018 Winners: Deanna Farnell - Private Company of the Year (Small Company)

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Deanna Farnell, CPA, is the Chief Financial Officer/HR Director with the Gelt Family of Companies.

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Silicon Beach Report Oct. 1: Justice Department Sues California

California’s net neutrality legislation brings challenges from the feds; Rapaport promoted at Amazon Studios; more flights From Surf Air

PatientPop Adds Online Scheduling for 50+ Health Care Practices

PatientPop Inc., a physician marketing platform based in Santa Monica, has expanded its scheduling service to more than 50 new online sites for health care practices.

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Truckers, Warehouse Workers on Strike at Port of Los Angeles and Long Beach

Truck drivers and warehouse workers launched a three-day strike on Oct. 1 at the ports of Long Beach and Los Angeles claiming unpaid back wages from logistics companies.

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Top-Read Stories of the Week

Top-Read Stories of the Week

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CFO Awards 2018 Winners: Wendy Morgan - RSM Middle Market Award

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Over the past eight years, Wendy Morgan has overseen all of accounting and finance for the largest Hispanic cheese manufacturer in the United States.

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CFO Awards 2018 Winners: Maria Carlson - Private Company CFO of the Year (Large Company)

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Maria Carlson, Chief Financial Officer, is a 13-year Pankow Builders veteran.

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CFO Awards 2018 Winners: Alex Ko - Public Company CFO of the Year

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On July 29, 2016, BBCN Bank and Wilshire Bank completed a transformational merger and embarked on a new course of history as Bank of Hope, the first and only super regional Korean-American bank in the United States.

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