Stories for January 2019
Thursday, January 31
71K SF Leased by Co-Working Company, Real Estate Firm in Pasadena
Cow-orking company Spaces and real estate firm Compass have signed leases totaling 71,000 square feet in Pasadena, CBRE Group Inc. announced Jan. 31.
Sawtelle-Based Vance Street Capital Scoops Up Applied Plastics
Vance Street Capital, a Sawtelle-based private equity firm, announced Jan. 31 it acquired Applied Plastics for undisclosed terms.
Economic Forecast & Trends 2019: Businesses Anticipate Continued Growth in 2019
Custom Content by the Los Angeles Business Journal
91% of businesses plan to maintain or increase capital spending
Economic Forecast & Trends 2019: Los Angeles County Economy Averaged 5,000 Job Additions Per Month in 2018
Custom Content by the Los Angeles Business Journal
If last year’s statistics are anything to go by, 2019 looks good in terms of increasing employment levels for Los Angeles county.
Economic Forecast & Trends 2019: Opportunity Zones to Change the L.A. Landscape
Custom Content by the Los Angeles Business Journal
The 2017 Tax Cuts and Jobs Act promises immense implications for commercial real estate investment over the next decade, particularly in Los Angeles County.
Economic Forecast & Trends 2019: Four Ways Tax Reform Will Affect 2019
Custom Content by the Los Angeles Business Journal
Year one under the new tax law known as the Tax Cuts and Jobs Act (TCJA) brings significant changes for 2018 individual and business tax filings.
Economic Forecast & Trends 2019: Tax Law Changes You’ll be Using First in 2019
Custom Content by the Los Angeles Business Journal
The calendar has turned to 2019 and it’s the first time to use the provisions passed in 2017 to apply to taxes in 2018.
Economic Forecast & Trends 2019: Real Estate Deals Gone Wrong - A Look at the Issues
Custom Content by the Los Angeles Business Journal
When faced with litigation stemming from real estate deals gone wrong, oftentimes disputes focus on three key issues:
Economic Forecast & Trends 2019: Port of Long Beach Embarks on Monumental Year
Custom Content by the Los Angeles Business Journal
The Port of Long Beach is indeed embarking on what is shaping up to be a monumental year.
Economic Forecast & Trends 2019: Labor Shortages Pose Long-Term Challenge for Middle Market
Custom Content by the Los Angeles Business Journal
At 3.7 percent, U.S. unemployment is at its lowest level in 30 years.
Economic Forecast & Trends 2019: Multifamily Development Remains Strong
Custom Content by the Los Angeles Business Journal
Over the last ten years, we have seen a consistent increase in multifamily development projects and apartment building construction.
Torrance Aerospace Firm Donates $1.5M to Catalina Airport, Receives Naming Rights
Torrance aerospace firm Ace Clearwater Enterprises is donating $1.5 million towards the cost of runway repairs at Catalina Island’s Airport in the Sky, giving it naming rights to the airfield.
Economic Forecast & Trends 2019: Brent Williams
Custom Content by the Los Angeles Business Journal
Brent Williams is regional manager of City National Bank’s Los Angeles Commercial Banking division.
Economic Forecast & Trends 2019: Todd Walklett
Custom Content by the Los Angeles Business Journal
Todd Walklett is Portfolio Manager, member of the Investment Committee as well as the Board of Directors.
Economic Forecast & Trends 2019: Kenneth Tindall
Custom Content by the Los Angeles Business Journal
Ken Tindall is a senior manager in CBIZ’s Los Angeles office and has more than 20 years of experience in public accounting and tax consulting.
Economic Forecast & Trends 2019: Paul Rahimian
Custom Content by the Los Angeles Business Journal
Paul Rahimian currently manages a debt fund that provides construction financing to ground up real estate development projects throughout the Western United States.
Silicon Beach Report Jan. 31: Clutter Considers $200 Million Raise
$6.4 million for Gordon-Levitt’s HitRecord; Blizzard offers new streaming options; potential $200 million raise by Clutter
Economic Forecast & Trends 2019: Jennifer Post
Custom Content by the Los Angeles Business Journal
A partner with Thompson Coburn, Jennifer Post serves as primary outside counsel to a variety of individuals
Economic Forecast & Trends 2019: Craig Morris
Custom Content by the Los Angeles Business Journal
Craig Morris is a tax partner in KPMG’s Los Angeles office. He is a member of the West Area Tax practice with more than 34 years of experience serving as the lead tax partner on many of KPMG’s audit and tax clients.
Economic Forecast & Trends 2019: James Malone
Custom Content by the Los Angeles Business Journal
James Malone is a Senior Managing Director with Colliers International in the Greater Los Angeles region
Economic Forecast & Trends 2019: Laurie Lustig-Bower
Custom Content by the Los Angeles Business Journal
Laurie Lustig-Bower began her career in commercial real estate 30 years ago with CBRE and now holds the title of Executive Vice President with the firm.
Economic Forecast & Trends 2019: James Kruse
Custom Content by the Los Angeles Business Journal
James Kruse joined DPI in 2018 and serves as its Chief Executive Officer.
Economic Forecast & Trends 2019: Dean Joaquin
Custom Content by the Los Angeles Business Journal
Dean Joaquin leads RSM’s tax practice in the West Region. He is responsible for oversight operations and results of the tax practice in the 10 RSM offices in the West Region.
Economic Forecast & Trends 2019: Martin Griffiths
Custom Content by the Los Angeles Business Journal
Martin Griffiths, a partner at KPMG LLP, serves as the firm’s West Area Real Funds Tax Leader.
Economic Forecast & Trends 2019: David Erard
Custom Content by the Los Angeles Business Journal
David Erard has more than 15 years of experience in the accounting industry, including seven years at the Big Four.
Economic Forecast & Trends 2019: Michael Amerio
Custom Content by the Los Angeles Business Journal
Mike Amerio, Lucas Horsfall’s managing partner, has 27 years’ public accounting experience in auditing
Most Influential Minority Attorneys: Samuel Park
Custom Content by the Los Angeles Business Journal
Sam Park is a litigator in Alston & Bird’s Los Angeles office. He has more than a decade of experience representing companies in high-stakes class actions
Gores Metropoulos Files for $375 Million IPO
Latest is Gores' fourth blank check company
Beverly Hills-based Gores Metropoulos Inc., a blank check company formed by the Gores Group, plans to raise $375 million by offering 37.5 million units at a price of $10.
Most Influential Minority Attorneys: Philip Nulud
Custom Content by the Los Angeles Business Journal
Philip Nulud is Senior Counsel in Buchalter’s Los Angeles office and a member of the firm’s Intellectual Property Practice Group.
Most Influential Minority Attorneys: Kristen J. Nesbit
Custom Content by the Los Angeles Business Journal
As a partner in Fisher Phillips’ Los Angeles office, Kristen Nesbit plays a major role in defending employers against discrimination and wrongful termination claims and wage and hour matters
Most Influential Minority Attorneys: Hamid Namazie
Custom Content by the Los Angeles Business Journal
Hamid Namazie represents Bank of America (BofA) in some of its biggest and most innovative financing deals and has played a lead role in crafting legislation coast-to-coast that could impact the commercial lending landscape in the years to come.
Most Influential Minority Attorneys: Marcellus McRae
Custom Content by the Los Angeles Business Journal
Marcellus McRae is a member of Gibson Dunn’s White Collar Defense and Investigations
Most Influential Minority Attorneys: Kevin Masuda
Custom Content by the Los Angeles Business Journal
Kevin Masuda, co-chair of Gibson Dunn’s Media, Entertainment and Technology and Betting and Gaming practice groups
Most Influential Minority Attorneys: Stephen Y. Ma
Custom Content by the Los Angeles Business Journal
Steve Ma, Partner with Early Sullivan Wright Gizer & McRae, LLP, has a vast, high profile litigation practice as evidenced by several recent, notable achievements on behalf of well-known clients.
Most Influential Minority Attorneys: Karl J. Lott
Custom Content by the Los Angeles Business Journal
Karl J. Lott is a partner in the Real Estate Group of Holland & Knight, based in the firm’s Los Angeles office, and is the chair of the office’s Diversity Committee.
Most Influential Minority Attorneys: Irene Y. Lee
Custom Content by the Los Angeles Business Journal
Irene Y. Lee is a partner at Russ August & Kabat, where she focuses her practice on all aspects of intellectual property, including patent, trademark, trade secret, copyright, and IP licensing.
Most Influential Minority Attorneys: Salvador (Sal) P. LaViña
Custom Content by the Los Angeles Business Journal
Salvador P. LaViña is a partner in Barnes & Thornburg’s Los Angeles office.
Most Influential Minority Attorneys: Emily Kuwahara
Custom Content by the Los Angeles Business Journal
From large corporations to leading institutions, clients turn to Crowell & Moring partner Emily T. Kuwahara to litigate their complex disputes.
Most Influential Minority Attorneys: Stephen King
Custom Content by the Los Angeles Business Journal
Stephen A. King is a reputable and seasoned trial lawyer with over 100 jury trials to verdict.
Most Influential Minority Attorneys: Nisha Kanchanapoomi
Custom Content by the Los Angeles Business Journal
Nisha Kanchanapoomi is a corporate partner in Kirkland & Ellis’ nationally recognized Debt Finance Practice Group
Most Influential Minority Attorneys: Teddy M. Kapur
Custom Content by the Los Angeles Business Journal
Teddy M. Kapur is a Partner at Pachulski Stang Ziehl & Jones LLP
Most Influential Minority Attorneys: Moez M. Kaba
Custom Content by the Los Angeles Business Journal
Moez Kaba has assumed leading roles on cases and in trials, which have led to a string of notable victories for high-profile clients.
Most Influential Minority Attorneys: Mark Jones
Custom Content by the Los Angeles Business Journal
Mark Jones is a recognized authority in the design and administration of compensation and benefit programs for senior executives and other employees.
Most Influential Minority Attorneys: Nicky Jatana
Custom Content by the Los Angeles Business Journal
Nicky Jatana is a Principal in the Los Angeles office of Jackson Lewis P.C.
Most Influential Minority Attorneys: Patrick Harder
Custom Content by the Los Angeles Business Journal
Over the past several years, Patrick Harder – Chair of Nossaman’s Infrastructure Practice Group – has served as lead counsel to public agencies on some of the largest
Most Influential Minority Attorneys: Joseph A. Guardarrama
Custom Content by the Los Angeles Business Journal
Joe Guardarrama joined Kaufman Legal Group in 2011
Most Influential Minority Attorneys: Lisa Gilford
Custom Content by the Los Angeles Business Journal
Lisa Gilford is consistently recognized as one of the leading complex civil litigators in California.
Most Influential Minority Attorneys: Stephen M. Garcia
Custom Content by the Los Angeles Business Journal
Prior to founding Garcia & Artigliere, Stephen Garcia was trying criminal cases out of his office in Manhattan Beach when he took on an elder abuse case on behalf of a Hispanic family whose mother was being abused in a long-term health care facility
Wednesday, January 30
Silicon Beach Report Jan. 30: FabFitFun Raises $80 Million Series A
USC links with Unity Technologies; FabFitFun secures $80 million; Ebsen out at Snap
Christopher Rising Named CEO of Rising Realty
Downtown-based Rising Realty Partners has named Christopher Rising as the company’s chief executive officer. He previously served as president.
FabFitFun Raises $80 Million
Beverly Grove-based fitness subscription company FabFitFun Inc. announced Jan. 30 it secured a $80 million Series A led by Kleiner Perkins Caufield & Byers.
Tuesday, January 29
Co-Working Company Spaces Taking Nearly 70K SF at Water Garden in Santa Monica
Co-Working company Spaces has signed a 69,208-square-foot lease for the Water Garden in Santa Monica, CBRE Group Inc. and J.P. Morgan Asset Management announced Jan. 29. The lease value was not disclosed.
Oaktree, Hartree to Invest $735M in Bulk Liquids Storage
Funds managed by downtown-based alternative investment firm Oaktree Capital Management and New York-based Hartree Partners agreed to invest up to $735 million to form a bulk liquids storage company.
$59.4M for Senior Care Facility Construction
A 113-bed assisted living and memory care facility in Glendale has received $59.4 million in debt and equity financing, banking firm Dekel Capital announced Jan. 29.
Silicon Beach Report Jan. 29: Vicente Capital Sells Intellectual Technology
SpaceX seeks launch permits; Via and L.A. Metro partner; Arlington Capital buys Intellectual Technology
Ethiopian Airlines to End First Nonstop Service from LAX to Africa Next Month
Barely two months after it began, Ethiopian Airlines will end the first nonstop service from LAX to Africa next month, according to a report in online airline flight route tracker Airlineroute and indirectly confirmed in a press release from the airline.
Snap Appoints Interim CFO
Following the Jan. 15 news that Chief Financial Officer Tim Stone will resign after eight months on the job, Santa Monica-based Snap Inc. appointed Lara Sweet as interim CFO.
Monday, January 28
Most Influential Minority Attorneys: Terrence M. Franklin
Custom Content by the Los Angeles Business Journal
Terrence Franklin has developed a reputation as a leading trusts and estates attorney in his nearly 30 years of practice
Most Influential Minority Attorneys: Alfred Fraijo, Jr.
Custom Content by the Los Angeles Business Journal
As a partner and member of the Executive Committee at Sheppard Mullin, Alfred Fraijo constantly works to ensure that both his law firm and the larger legal industry are diverse and inclusive.
Most Influential Minority Attorneys: Amber Finch
Custom Content by the Los Angeles Business Journal
Amber Finch is a partner in Reed Smith’s Los Angeles office and currently is the Amber Finch is a partner in Reed Smith’s Los Angeles office and currently is the Diversity Chair leading diversity and inclusion efforts for the Red Smith downtown Los Angeles office. Diversity Chair leading diversity and inclusion efforts for the Red Smith downtown Los Angeles office.
Passenger Traffic at LA-Area Airports Up in 2018
Passenger traffic rose in 2018 at all four commercial airports serving Los Angeles County, according to statistics released recently by each of the airport governing authorities.
Most Influential Minority Attorneys: Marissa Dennis
Custom Content by the Los Angeles Business Journal
Marissa M. Dennis is a litigation partner in the Los Angeles office of Allen Matkins.
Most Influential Minority Attorneys: Rockard Delgadillo
Custom Content by the Los Angeles Business Journal
Rockard “Rocky” Delgadillo has more than 30 years of experience in litigation
Most Influential Minority Attorneys: Victor De La Cruz
Custom Content by the Los Angeles Business Journal
A leading entitlements and California Environmental Quality Act attorney
Most Influential Minority Attorneys: Miles Cooley
Custom Content by the Los Angeles Business Journal
Miles Cooley spent the formative part of his career honing his litigation skills and successfully resolving “bet the company” commercial cases for major corporate clients.
Most Influential Minority Attorneys: Michelle Cooke
Custom Content by the Los Angeles Business Journal
Michelle Cooke is co-chair of Manatt’s intellectual property practice.
Most Influential Minority Attorneys: Scott Commerson
Custom Content by the Los Angeles Business Journal
Scott Commerson is a litigation partner in the Los Angeles office of Davis Wright Tremaine LLP.
Most Influential Minority Attorneys: Carmen J. Cole
Custom Content by the Los Angeles Business Journal
armen Cole is a high-profile, highly accomplished attorney at the top of her field.
Most Influential Minority Attorneys: Nancy Clapp
Custom Content by the Los Angeles Business Journal
Nancy Clapp is a Real Property partner in the Los Angeles office of Davis Wright Tremaine LLP.
Most Influential Minority Attorneys: Hailyn J. Chen
Custom Content by the Los Angeles Business Journal
From early in her career, Munger, Tolles & Olson partner Hailyn Chen, an Asian American woman
Levine Leichtman Capital Partners Acquires SK AeroSafety
Levine Leichtman Capital Partners, acquired on Jan. 28 passenger aircraft safety testing firm SK AeroSafety from SK FireSafety Group, a portfolio company of Apax Partners.
Silicon Beach Report Jan. 28: TSM Parent Acquires Blitz App
UTA hires digital agent; Team SoloMid parent firm buys e-sports app; Riot Games announces new partners
Most Influential Minority Attorneys: Cheryl Chang
Custom Content by the Los Angeles Business Journal
Cheryl Chang is a Partner in Blank Rome’s Consumer Financial Services practice group
Most Influential Minority Attorneys: Paul S. Chan
Custom Content by the Los Angeles Business Journal
With over 20 years of extensive trial experience, Managing Principal Paul S. Chan is lead defense counsel in numerous complex litigations involving alleged violations of the federal and state False Claims Act and civil RICO statutes
Most Influential Minority Attorneys: Ralph Campillo
Custom Content by the Los Angeles Business Journal
Ralph Campillo is a nationally renowned trial attorney whose specialty includes mass torts and all forms of complex litigation
Most Influential Minority Attorneys: William J. Briggs, II
Custom Content by the Los Angeles Business Journal
William J. Briggs, II, a partner with Venable LLP in Los Angeles, is recognized as a leading trial lawyer and civil litigator
Most Influential Minority Attorneys: Sabrina A. Beldner
Custom Content by the Los Angeles Business Journal
McGuireWoods partner Sabrina Beldner’s clients refer to her as their “Swiss Army Knife” for employment matters.
Most Influential Minority Attorneys: Terry B. Bates
Custom Content by the Los Angeles Business Journal
Terry Bates is a litigation partner with Reed Smith’s Los Angeles’ office and has substantial first chair trial experience for both plaintiffs and defendants.
Most Influential Minority Attorneys: Neeraj Arora
Custom Content by the Los Angeles Business Journal
Neeraj Arora’s work also involves representing clients such as Prudential Capital Group
Guess Stock Price Down Follow Announced Leadership Changes at Top
Guess Inc. announced the departure of its executive officer Victor Herrero on Feb. 2, sending its stocks tumbling as much as 14 percent on Jan. 28.
Cedars-Sinai to Deliver Primary Care Services to Santa Monica
Cedars-Sinai Medical Center has opened its first primary health care clinic in Santa Monica in an expanded medical practice that will include cancer and other specialties.
Top-Read Stories of the Week
Top-Read Stories of the Week
Magic Johnson Enterprises Names New President
Laker legend Earvin Magic Johnson announced marketing executive Christina M. Francis will take the helm of his Beverly Hills investment firm Magic Johnson Enterprises (MJE) with holdings in the world of sports and business.
Friday, January 25
$95M Loan Given for Downtown Tower
ASB Real Estate Investments has secured a $95 million loan for the WaterMarke Tower, a 35-story apartment building in downtown, the company announced Jan. 25.
Silicon Beach Report Jan. 25: March Capital Partners Completes $300 Million Fund II
Tinder settles $11.5 million class action, TaskUs hits 15,000 employees; March Capital raises $300 million fund
Westwood Tech Repair Firm Raises $20 Million
Home technology support and consultancy firm HelloTech Inc. raised $20 million in a new fundraising round with continued support from local venture capital firms. The round brings HelloTech’s total funding to roughly $95 million since its 2014 incorporation.
March Capital Partners Closes $300M Fund II, Adds Two Partners
Santa Monica-based venture capital firm March Capital Partners closed on its second fundraise of $300 million.
OSI Reports $303M in Q2 Revenue
Specialized electronic manufacturer and designer OSI Systems Inc. announced this week $19.1 million in profit on revenue of $303 million for its second quarter ended Dec. 31, 2018.
Slate Property Group Picks Up Two Hollywood Apartments for $39M
Slate Property Group has purchased two apartment complexes in Hollywood for a total of $39.25 million from the Chandler A&B Jones Family Trust.
CUSTOM CONTENT: Insurance Due Diligence Matters
Trusted Advisors
Companies involved in M&As understand the importance of financial due diligence to ensure knowledge of assumed obligations
OpenGate Backs EverZinc’s Add-on Acquisition of G.H. Chemicals Ltd. and Microzinc
Century City-based private equity firm OpenGate Capital said that its portfolio company, EverZinc, a European specialty zinc chemical business, has purchased G.H. Chemicals Ltd., and Microzinc Inc., a Canadian manufacturer and exporter of zinc oxide products.
Pettebone Building Bought for $22 Million
Gaming company will move HQ from Koreatown
Pettebone Building gets makeover as gaming company prepares to move in.
Marlin’s $700M Health IT Deal Sets Stage
PE firm gets aggressive with flurry of health care tech deals as industry heats up
Marlin Equity reeled in another health IT buy with AdvancedMD.
Molina Spinoffs Part of 2018 Restructuring
Long Beach health care firm’s revamp included $231M sale of IT unit
Molina Healthcare sold off IT unit for $231 million.
Leonard Green Sees $3B Rooftop Vantage
PE firm’s SRS Distribution buy gives it roofing distributor as demand soars
Leonard Green got into roofing business with SRS Distribution purchase.
$300M Dole Deal Leaves Room for Growth
Fruit and vegetable company’s sale of stake to Total Produce comes with future benchmarks
A fruitful 2018 for Dole as it sold equity stake to Total Produce.
Local VC Money Finding Stride
After missing on Snap, LA firms hit big with Ring
L.A. venture capital firms gave Ring a ringing endorsement in funding rounds.
Breitburn Bet Ends on Sour NoteFirm’s $2B, debt-financed oil deal led to bankruptcy, LA exit
Breitburn Energy Partners ran out of gas as oil prices dropped.
Saban Trades Power Rangers for Panavision
Billionaire sells rights to cult TV hit, taking camera co. public
Haim Saban bet on Old Hollywood with Panavision deal.
Coffey Takes Reins at City National
Former JPMorgan exec. begins new era at storied bank
End of an era at City National as Kelly Coffey prepares to take over.
Eyeing Electric
Evelozcity, Faraday and Future finding electric vehicles a tough sell
Stormy times ahead for electric carmakers?
PacWest Looks for Next Move
FINANCE: Bank probes options after Q4 deal nixed
PacWest not cowed by cancellation of El Dorado acquisition.
TheLAnd Rises in Weekly’s Wake
MEDIA: LA Weekly dwindles as new competition enters fray
Changes continue at LA Weekly.
Fires Ignite Tetra Tech Biz
ENGINEERING: Firm wins $250M Camp Fire contract
Controversy around Tetra Tech contracts.
Crossroads Hollywood Ok’d
Development includes housing, hotel and commercial space
Harridge on top of the world after City Council approves Hollywood project.
Verity Health Gets $610 Million Offer
Bid includes St. Vincent, St. Francis hospitals
Verity to sell St. Vincent, St. Francis hospitals.
$56.4M for Herald Examiner Reno
A $56.4 million bridge financing loan was given for the redevelopment of the Herald Examiner Building
OSI LandsS $11M Contract
OSI Systems Inc. announced Jan. 22 it had landed an $11 million contract
Bush, Jacobs Join Heal Board
Get Heal Inc., a Century City-based company that makes physician house calls at the touch of a mobile app
Farmers & Merchants Adds Two
Long Beach-based Farmers & Merchants Bank named JoAnn Bourne and Christine Scheuneman to its seven-member board
Helping Hand
Federal grants to small SoCal biotech businesses rise in 2018
SoCal bioscience cos. see boost in federal funds.
Cal Poly Pomona Reveals $79M Student Center
Local firms behind project say undulating roof is unique
Cal Poly Pomona’s new building top of class.
Network Next Lands $3.1 Million Seed Funding
Bitkraft leads round for startup looking to boost gaming internet speed
Game on after Network Next’s $3.1M fundraising round.
Morrow-Meadows Adds Pacific Data Electric
Deal for energy storage firm is largest acquisition for electrical and data co.
Marrow-Meadows to make electric acquisition.
Santa Fe Springs Warehouse Sold for $20.5M
Klabin Co. brokers deal for nearly 100,000-square-foot industrial space
Klabin Co. snaps up Santa Fe Springs warehouse for $20.5M.
Thursday, January 24
Aspen Apartments Sold for $90M
MWest Holdings has sold the 302-unit Aspen Apartments complex near the border of Koreatown and Westlake for $90 million. The company announced the sale Jan. 23.
Silicon Beach Report Jan. 24: Wheels Raises $37 Million
Wag founders create mobility venture; Hulu decreases subscription rate; Fair gains $50 million credit facility
Wag Founders Raise $37 Million for Mobility Venture
Jonathan and Joshua Viner, co-founders of West Hollywood-headquartered dog walking app Wag Labs Inc., have a new venture dubbed Wheels.
Car Leasing Firm Fair Closes on $50 Million Credit Line With Silicon Valley Bank
Car leasing and financing provider Fair closed on a $50 million credit line from Silicon Valley Bank to buy cars for its users.
Pedal Movement Awarded $1.3 Million to Operate Long Beach Bike Share
Long Beach-headquartered Pedal Movement will operate the City of Long Beach’s bike share program for a sum of $1.3 million for the year of operations.
MJIC Secures $24 Million in Real Estate Funding for Expansion
Commerce-based MJIC Inc., a cannabis logistics company building a network of distribution hubs in California, said its real estate investment unit has secured an initial $24 million funding commitment that will accelerate the expansion of its licensed cannabis operations.
California Cartage to Shutter Wilmington Operations in July
One of the region’s biggest players in logistics will shutter its sprawling Wilmington warehouse in July.
L.A. Consumer Sentiment Remained Steady in Fourth Quarter: Survey
Los Angeles consumer confidence was essentially unchanged during the fourth quarter of 2018 amid cross-currents of positive and negative forces, according to a survey released Jan. 24.
Wednesday, January 23
Santa Monica-Based Clearlake Capital Backs Perforce’s Buy of Rogue Wave
Santa Monica-based private equity firm Clearlake Capital helped back a portfolio company’s purchase of Rogue Wave Software in Colorado.
USC Medical School Launches Office of Social Justice to Promote Fair Health Care
Keck School of Medicine of USC has appointed an associate dean to run a new Office for Social Justice to advocate for better health care in underserved communities.
Top Doctors Los Angeles: Peter C. Whybrow
Custom Content by the Los Angeles Business Journal
Dr. Peter C. Whybrow, physician-in-chief of Stewart and Lynda Resnick Neuropsychiatric Hospital at UCLA
Top Doctors Los Angeles: Steven Siegel
Custom Content by the Los Angeles Business Journal
Dr. Steven Siegel is a practicing physician-scientist specializing in the treatment of schizophrenia and psychosis.
Top Doctors Los Angeles: Vivien K. Burt
Custom Content by the Los Angeles Business Journal
Vivien Burt, M.D., Ph.D is a psychiatrist practicing in Westwood and Long Beach.
Top Doctors Los Angeles: Michael Agress
Custom Content by the Los Angeles Business Journal
Michael Agress is a board certified adult psychiatrist practicing for more than 25 years at Kaiser Permanente Woodland Hills Medical Center.
Top Doctors Los Angeles: Jeffrey L. Rosenberg
Custom Content by the Los Angeles Business Journal
Dr. Jeffrey Rosenberg is a plastic surgeon in Los Angeles and is affiliated with multiple hospitals in the area
Top Doctors Los Angeles: Mort Rizvi
Custom Content by the Los Angeles Business Journal
Dr. Murtaza (Mort) Rizvi, M.D., is an experienced Hand Surgeon and Plastic Surgeon, specializing in hand surgery and craniofacial surgery
Top Doctors Los Angeles: Garth Fisher
Custom Content by the Los Angeles Business Journal
Garth Fisher, M.D. is a world-renowned Plastic Surgeon with over 20 years experience, who is board-certified by the American Board of Plastic Surgery.
Top Doctors Los Angeles: Andrew Louis Da Lio
Custom Content by the Los Angeles Business Journal
Andrew Louis Da Lio, MD, is the Clinical Professor and Chief in the Division of Plastic Surgery at UCLA David Geffen School of Medicine and specializes in cosmetic surgery and microsurgical breast reconstruction.
Top Doctors Los Angeles: Mona Patel
Custom Content by the Los Angeles Business Journal
Dr. Mona Patel is an innovator and pioneer in delivering pediatric care to children with complex special needs living in Los Angeles County.
Silicon Beach Report Jan. 23: Viacom Purchases Pluto TV
Netflix joins film association; Boring Co. fires employees; Pluto TV acquired by Viacom
Top Doctors Los Angeles: Andre Panossian
Custom Content by the Los Angeles Business Journal
Andre Panossian, M.D., FACS, FAAP, is a pediatric plastic surgeon at Shriners for Children Medical Center.
Top Doctors Los Angeles: Robert H. Cho
Custom Content by the Los Angeles Business Journal
Dr. Robert H. Cho is a pediatric orthopedic surgeon, Chief of Staff of Shriners For Children Medical Center Pasadena, and Clinical Assistant Professor of Orthopedic Surgery at UCLA.
Top Doctors Los Angeles: Bhavana Arora
Custom Content by the Los Angeles Business Journal
Dr. Bhavana Arora has made significant contributions to the health care of children in Los Angeles in her various leadership roles.
Top Doctors Los Angeles: Vahe R. Panossian
Custom Content by the Los Angeles Business Journal
Vahe Robert Panossian, M.D., is a top-ranked orthopedist providing skilled, compassionate care for patients in Pasadena.
Top Doctors Los Angeles: Pamela Luk
Custom Content by the Los Angeles Business Journal
Dr. Pamela Luk specializes in the management of foot and ankle disorders at Methodist Hospital of Southern California and with the Congress Orthopaedic Associates in Pasadena.
Top Doctors Los Angeles: Jay Lieberman
Custom Content by the Los Angeles Business Journal
Dr. Jay Lieberman is professor and chair of the Department of Orthopaedic Surgery at the Keck School of Medicine of USC
Top Doctors Los Angeles: Mark J. Jo
Custom Content by the Los Angeles Business Journal
Dr. Mark Jeffrey Jo, M.D., is a skilled Orthopedic Specialist offering advanced, custom care solutions for all types of orthopedic issues in patients of all ages.
Booth Foundation’s $5M Gift to Petersen is Museum’s Largest Publicly Disclosed
The Petersen Automotive Museum has received a $5 million gift from the Otis Booth Foundation, considered the largest publicly disclosed charitable gift to the Mid-Wilshire-based museum.
Viacom Buys Pluto TV, Entering Streaming Derby
Viacom Inc. threw its hat into the streaming ring Jan. 22, announcing that it had bought Los Angeles’s Pluto Inc. for $345 million.
Gaming Company Buys Downtown Building for $22M
The Pettebone Building, a historic building in downtown L.A., has sold to the U.S. subsidiary of a South Korean gaming company for $22 million or $595 per square foot.
Your Superfoods Raises $5 Million Series A
Your Superfoods Inc. (doing business as Your Super), Venice-based makers of organic superfood health mixes, announced Jan. 23 it raised $5 million in a Series A funding round led by Manhattan Beach-based PowerPlant Ventures.
Top Doctors Los Angeles: Todd Dietrick
Custom Content by the Los Angeles Business Journal
Dr. Todd Dietrick’s practice in joint replacement and reconstructive arthritis surgery focuses on minimizing pain and restoring normal function.
Top Doctors Los Angeles: Earl Warren Brien
Custom Content by the Los Angeles Business Journal
Dr. Earl Warren Brien, MD serves as a Professor of Orthopedic Surgery and Surgical Director of the Sarcoma Service at Cedars Sinai Medical Center.
Top Doctors Los Angeles: Gregory J. Adamson
Custom Content by the Los Angeles Business Journal
Dr. Gregory Adamson is subspecialty trained in sports medicine, shoulder and elbow surgery.
Top Doctors Los Angeles: Marilou Terpenning
Custom Content by the Los Angeles Business Journal
Dr. Marilou Terpenning is an oncologist in Pacific Palisades and is affiliated with Providence St. John’s Health Center in Santa Monica.
Top Doctors Los Angeles: Christy Russell
Custom Content by the Los Angeles Business Journal
Christy Russell, MD, is associate professor of medicine at the Keck School of Medicine of USC
Top Doctors Los Angeles: Patricia Ganz
Custom Content by the Los Angeles Business Journal
Patricia A. Ganz, M.D., a medical oncologist, has been a member of the faculty of the UCLA School of Medicine since 1978 and the UCLA School of Public Health since 1992.
Top Doctors Los Angeles: Tanya Barauskas Dorff
Custom Content by the Los Angeles Business Journal
Tanya Barauskas Dorff, M.D., is an associate clinical professor in the Department of Medical Oncology & Therapeutics Research and serves as head of the genitourinary cancers program at City of Hope.
Top Doctors Los Angeles: John S. Yu
Custom Content by the Los Angeles Business Journal
John S. Yu, MD, is an internationally renowned neurosurgeon specializing in the treatment of malignant and benign tumors of the brain and spine.
Top Doctors Los Angeles: Claudia Muñoz
Custom Content by the Los Angeles Business Journal
Dr. Claudia Muñoz serves as the Medical Director of Neurosciences at Queen of the Valley Hospital in West Covina, an affiliate of Citrus Valley Health Partners.
Top Doctors Los Angeles: Mike Y. Chen
Custom Content by the Los Angeles Business Journal
A prolific researcher, talented physician and board-certified neurosurgeon, Mike Y. Chen, M.D., Ph.D.
Top Doctors Los Angeles: Steve Vasilev
Custom Content by the Los Angeles Business Journal
Steve Vasilev, M.D. is the only quadruple board certified Ob-Gyn, Gyno-Ocology and Integrative Holistic Medicine physician in the United States.
Top Doctors Los Angeles: Edward Tangchitnob
Custom Content by the Los Angeles Business Journal
As a highly skilled gynecologic surgeon, Edward Tangchitnob, MD, provides gentle and effective care for patients throughout the Los Angeles area at Tangchitnob MD in West Covina.
Tuesday, January 22
Emerald Textiles Names New CEO to Oversee Expanded Laundry, Linen Service
El Segundo-based private investment firm Pacific Avenue Capital Partners and Hermosa Beach-based Highland Avenue Funds deepened the management team of its portfolio company Emerald Textiles with the appointment of Richard Bott as CEO.
$1B Crossroads Hollywood Project Approved
Crossroads Hollywood, a major project proposed for Hollywood, won approval Jan. 22 from the Los Angeles City Council. It is being developed by Harridge Development Group.
Top Doctors Los Angeles: Mehdi Kebria
Custom Content by the Los Angeles Business Journal
Mehdi M. Kebria, M.D. grew up in a family of physicians and is proud to carry on that tradition.
Top Doctors Los Angeles: Michael Frields
Custom Content by the Los Angeles Business Journal
Dr. Michael Frields is a practicing OBGYN specialist (Obstetrician & Gynecologist) in Glendale.
Farmers & Merchants Bank, Ares Management Name Directors to Boards
A commercial bank and global alternative asset manager in L.A. County named a total of three directors to their boards on Tuesday.
Top Doctors Los Angeles: Richard Frieder
Custom Content by the Los Angeles Business Journal
Dr. Richard Frieder’s 38 year medical career began in 1980 after his graduation from the University of California Davis School of Medicine, after which he went on to and complete his residency at Harbor-UCLA Medical Center.
Top Doctors Los Angeles: Simon Keushkerian
Custom Content by the Los Angeles Business Journal
Dr. Simon Keushkerian received his medical degree from the American University of Beirut - Lebanon in 1981.
Top Doctors Los Angeles: Stephen Sener
Custom Content by the Los Angeles Business Journal
Stephen Sener, MD, is professor of clinical surgery at the Keck School of Medicine of USC and chief of surgical oncology at the USC Norris Comprehensive Cancer Center.
Top Doctors Los Angeles: Samuel Kashani
Custom Content by the Los Angeles Business Journal
Samuel Kashani, MD is board-certified in general surgery by the American Board of Surgery with expertise in pressure ulcer management and the use of alternative tissues to cover wounds.
Top Doctors Los Angeles: Magdi Alexander
Custom Content by the Los Angeles Business Journal
Dr. Magdi Alexander has over 18 years of surgical experience and many certifications in advanced surgical procedures.
Top Doctors Los Angeles: Leslie Saxon
Custom Content by the Los Angeles Business Journal
Dr. Leslie Saxon is a professor of clinical medicine (clinical scholar) at the Keck School of Medicine of USC and specializes in the diagnosis and treatment of cardiac arrhythmias and preventing sudden cardiac death.
Europe Gives Amgen’s Blincyto Expanded Indication
The European Commission has approved an expanded indication for Amgen Inc.’s Blincyto, a drug to treat acute lymphoblastic leukemia.
UPDATE: Dueling Letters Sent to USC Trustees Ahead of Crucial Vote Over Business School Dean
Ahead of a crucial USC Board of Trustees meeting on Jan. 23, dueling letters from both sides of the dispute over the future of Marshall School Dean James Ellis that has rocked the campus have been sent to the board.
Silicon Beach Report Jan. 22: Real Estate Exchange Inc. Raises $45 Million
City of L.A. passes voluntary scooter ban; $45 million for Real Estate Exchange expansion; OpenX hires former Fandango CFO
OSI Systems Scores $11M Contract to Provide Explosive Detector to European Airport
Specialized electronic manufacturer and designer OSI Systems Inc. announced Jan. 22 it had landed an $11 million contract to build an explosive detection system for an undisclosed European airport.
Top Doctors Los Angeles: Ali Morshedi Meibodi
Custom Content by the Los Angeles Business Journal
Ali Morshedi-Meibodi, MD, specializes in cardiology and interventional cardiology and has been based in the Los Angeles area for over a decade.
Top Doctors Los Angeles: Ashkan Ehdaie
Custom Content by the Los Angeles Business Journal
Ashkan Ehdaie, MD is an Assistant Professor of Medicine at UCLA and current physician in the Department of Cardiology at the Smidt Heart Institute, Cedars Sinai Medical Center.
Top Doctors Los Angeles: David Cannom
Custom Content by the Los Angeles Business Journal
Dr. David Cannom is the Director of Cardiology at Good Samaritan Hospital. He founded Los Angeles Cardiology Associates (LACA) in 1985.
Top Doctors Los Angeles: Fahed Bitar
Custom Content by the Los Angeles Business Journal
Dr. Fahed Bitar serves as both the Medical Director of the Cardiac Catheterization Lab and the Medical Director of the STEMI Receiving Center
Top Women in Banking: Bankers Focus on Financial Education Initiatives
Custom Content by the Los Angeles Business Journal
The American Bankers Association Foundation last week launched its 2019 financial education registration campaign, calling on banker volunteers from across the country to register for a range of successful
Top Women in Banking: Bank Economists Forecast Moderating Economic Growth
Custom Content by the Los Angeles Business Journal
According to a new forecast released earlier this month from the Economic Advisory Committee of the American Bankers Association
Top Women in Banking: Liz Worden
Custom Content by the Los Angeles Business Journal
Liz Worden, who has been in the financial services industry for more than 26 years, is known for straddling being extremely kind and caring with equally strong degrees of professionalism, knowledge and direct communication.
Top Women in Banking: Dr. Betty Uribe
Custom Content by the Los Angeles Business Journal
For nearly three decades, Dr. Betty has been transforming business, culture, and people, making her an award-winning business turnaround expert.
Top Women in Banking: Nicole Swain
Custom Content by the Los Angeles Business Journal
Nicole Swain is a 28-year veteran of the banking industry.
Top Women in Banking: Sindy Spivak
Custom Content by the Los Angeles Business Journal
Sindy Spivak is West Region Market Executive for Community Development Banking (CDB) at Bank of America Merrill Lynch, based in Los Angeles.
Top Women in Banking: LaVon M. Short
Custom Content by the Los Angeles Business Journal
LaVon Short has more than 40 years of financial services experience.
Top Women in Banking: Shauna Shalom
Custom Content by the Los Angeles Business Journal
Shauna Shalom is Senior Vice President of the Private Banking Group at EH National Bank in Beverly Hills.
Top Women in Banking: Diedra Porché
Custom Content by the Los Angeles Business Journal
Diedra Porché is the Senior Vice President, Manager for JPMorgan Chase’s Government and Not-for-Profit Business Banking division covering the Western Region.
Top Women in Banking: Gwen T. Miller
Custom Content by the Los Angeles Business Journal
Gwen Miller is an executive vice president responsible for RBC Banking Solutions
Top Women in Banking: Karen Miles
Custom Content by the Los Angeles Business Journal
Karen Miles is a Managing Director and Head of Houlihan Lokey’s Financial Advisory Services business for Southern California.
Top Women in Banking: Kiyoun Kim
Custom Content by the Los Angeles Business Journal
In mid-2000, Kiyoun Kim started at IDB as an account officer doing Middle Market and Commercial Real Estate lending.
Top Women in Banking: Joanne Kim
Custom Content by the Los Angeles Business Journal
In addition to performing her job at unmatched level, Joanne Kim demonstrates an extraordinary commitment to her employees as well as to the financial well being of the community.
Top Women in Banking: Grace A. Kangdani
Custom Content by the Los Angeles Business Journal
Since 2014, Grace Kangdani has put her clients, teammates and both internal and external business partners first and ahead of her own interests.
Top Women in Banking: Michele Havens
Custom Content by the Los Angeles Business Journal
Based in Los Angeles, Michele Havens serves as President of the Southern California Region with oversight for offices in Century City, Pasadena, Santa Barbara, Orange County and San Diego.
Top Women in Banking: Andi Garten
Custom Content by the Los Angeles Business Journal
Andria (Andi) Garten is a senior vice president and lead regional manager for U.S. Bank’s Southern California Business Banking, which encompasses Los Angeles, Orange County, San Diego and the Inland Empire regions.
Top Women in Banking: Janki Lalani Gandhi
Custom Content by the Los Angeles Business Journal
Lincoln International’s Janki Lalani Gandhi advises clients on mid-market mergers and acquisitions, leveraged buyouts, recapitalizations and valuations.
Top Women in Banking: Heather Ellison
Custom Content by the Los Angeles Business Journal
Heather Ellison is the Senior Vice President and Head of the Retail Branch Banking channel for OneWest Bank, the Southern California branch division of CIT Group.
Top Women in Banking: Jacky Dilfer
Custom Content by the Los Angeles Business Journal
Jacky Dilfer is a commercial lending and SBA real estate lending expert -- and she’s a dedicated leader and trusted advisor
Top Women in Banking: Mary Deckebach
Custom Content by the Los Angeles Business Journal
Mary Deckebach has more than 30 years of banking experience and plays a key leadership role at First Republic Bank’s offices in Los Angeles and Santa Barbara.
Top Women in Banking: Jennifer Davis
Custom Content by the Los Angeles Business Journal
Jennifer Davis has been in the financial services industry for more than 20 years.
Top Women in Banking: Kathleen Chapman
Custom Content by the Los Angeles Business Journal
Kathleen Chapman is Senior Vice President, Regional Manager, for Torrey Pines Bank, a division of Western Alliance Bank where she oversees the Beverly Hills office and West LA region for the bank.
Top Women in Banking: Sherry Cefali
Custom Content by the Los Angeles Business Journal
Sherry Cefali is a managing director in the Transaction Opinions business unit and is the head of Duff & Phelps’ Los Angeles office.
Top Women in Banking: Alice Carr
Custom Content by the Los Angeles Business Journal
Alice Carr is a Managing Director and Head of Community Development Banking at JPMorgan Chase
Top Women in Banking: Karen Brown
Custom Content by the Los Angeles Business Journal
Throughout her career, Karen Brown has focused on integrating commercial and asset based finance knowledge and experience and managerial skills to build a diversified, profitable and high quality portfolio.
Top Women in Banking: Claudia Bodan
Custom Content by the Los Angeles Business Journal
Claudia Bodan is Los Angeles Region Market President for Commercial Bank of California.
UPDATED: OpenX Hires Former Execs from Fandango, Digitas
Digital and mobile advertising software developer OpenX Technologies Inc. appointed Rob Leff as its new chief financial officer.
Monday, January 21
Pasadena-Based Huntington Hospital Appoints Steven Mohr as CFO
Huntington Hospital has named Steven L. Mohr as its new senior vice president, chief financial officer, starting Feb. 11.
Silicon Beach Report Jan. 21: Hulu Lost $580 Million in 2018
Snap departures concern investors; Riot Games redesigns European competition; Hulu costs Disney $580 million.
ApolloMed Names Two to Board: Former State Treasurer Chiang, AHMC Healthcare VP Marsh
Former state treasurer John Chiang has joined the board of Apollo Medical Holdings, an integrated population health management company in Glendale.
Top-Read Stories of the Week
Top-Read Stories of the Week
Top Women in Banking: Gail K. Bernstein
Custom Content by the Los Angeles Business Journal
Gail K. Bernstein is Executive Vice President and National Investment Manager for PNC Business Credit in Los Angeles.
Tariffs Boost Business for Warehouse Cos.
Driven by e-commerce demand, firms get trade war jump-start
Tariffs on Chinese goods may create discomfort for most businesses whose supply chain reaches across the Pacific
Friday, January 18
Top Women in Banking: Alma Banuelos
Custom Content by the Los Angeles Business Journal
Alma Banuelos is a senior vice president and national head of trust and estate services with City National Bank and RBC Wealth Management-U.S.
Top Women in Banking: Bita Ardalan
Custom Content by the Los Angeles Business Journal
Bita Ardalan is managing director and head of the Commercial Banking Group at MUFG Union Bank, which includes Business Banking and Middle Market Commercial Lending.
Silicon Beach Report Jan. 18: Netflix Releases Q4 Earnings
Netflix says Fortnite bigger competition than HBO; Nielsen ranks gaming revenues; soccer club gets Snapchat show
Koll Buys Norwalk Freezer Facility for $11.9M
The Koll Company has purchased a 54,000-square-foot freezer facility in Norwalk for $11.9 million, the company announced Jan. 18. The seller was Klein Investments Family.
$56.4M Given for Herald Examiner Building Renovation
A $56.4 million bridge financing loan was given for the redevelopment of the Herald Examiner Building in downtown L.A., HFF announced Jan. 18.
L.A. County Unemployment Rate Rose to 4.8 Percent in December As More People Looked for Work
L.A. County’s unemployment rate rose to 4.8 percent in December from 4.7 percent in November as more people entered the workforce looking for work, according to state figures released Jan. 18.
Verity Health Gets $610M Offer to Buy St. Vincent, St. Francis and Two NorCal Hospitals
El Segundo-based Verity Health System of California Inc. has agreed to sell St. Vincent and St. Francis medical centers to Riverside-based KPC Group along with two Northern California hospitals for $610 million, unless there is a higher offer.
Real Estate Quarterly
Real Estate Quarterly | Los Angeles continues to draw big names in tech and new media as companies look to establish ties to the entertainment industry and tap into an elite talent pool of workers.
Lions Gate Cuts Jobs, Production Co. Deal
Studio axes employees, ends partnership deal with Codeblack Films
Lions Gate layoffs spark speculation about movie studio’s future.
Will Technology Usher in the Robot Attorney
Commentary
The job market for attorneys in Los Angeles continues to be a good performer. However, Deloitte estimated that by 2036, more than 100,000 lawyers will be replaced by automation. But is there really a robot attorney army just around the corner?
SpaceX To Cut 10 Percent of Staff
TECHNOLOGY: Company also moving Starship production to Texas
SpaceX announces layoffs at Hawthorne headquarters.
US Bank Tower Could Sell for $700 Million
REAL ESTATE: The skyscraper was built in 1989
Downtown’s iconic U.S. Bank Tower up for sale.
Tishman Could Net More Than $600M
Two Playa Vista campuses up for sale
Tishman Speyer puts Brickyard, Collective on the market.
L.A. Drew 50M Visitors in 2018
Los Angeles set a new record for tourism in 2018, marking the eighth consecutive year of growth
Jam City Raises $145M for Acquisitions
Jam City Inc. announced Jan. 16 it completed a $145 million fundraise
New Bid Chief in Hollywood
The Hollywood Business Improvement District board named Kristopher Larson
Snap CFO Resigns
Tim Stone, Snap Inc.’s chief financial officer, announced Jan. 15 he will resign
Miracle Mile Advisors Expands to OC
Advisory firm adds Palo Capital, combined AUM checks in at $1.5 billion
Miracle Mile Advisors makes foray into OC with acquisition.
Celgene is Investor Behind NantCell $30M
Biotech giant has history of investing in Soon-Shiong cancer treatment companies
Celegene revealed as NantCell’s $30M investor.
Quarterly Real Estate
The Real Estate Quarterly
Large Office Space in Short Supply in LA
Number of 100,000-square-foot spaces on market dips in 2018
Companies looking for large blocks of office space to relocate or grow – especially on the Westside – may be out of luck.
Colleges Branch Out with Satellite Spaces
Academic institutions have specific needs for LA outposts
Los Angeles is increasingly a destination for universities and colleges looking to expand educational offerings in cities outside their home geographic region
Faangs Flock
Google’s new L.A. home shows how biggest tech and new media companies value region
FAANGS TAKE BITE OUT OF L.A.
PAGE 3: There’s No Place Like LA
This week’s issue features our first Real Estate Quarterly of 2019, The overarching theme is that Los Angeles remains one of the premiere destinations in the world for companies and institutions – and that appeal means real estate premiums are rising, even amid larger economic uncertainty.
Prepping for LA’s Next Earthquake
Commentary
On Jan. 17, 1994, an earthquake shattered the stillness of the early morning hours in Los Angeles.
Old Building, New Look
REAL ESTATE: Renovation trend seen for art institutions
Old is new for L.A.’s real estate developers.
Chanje Pushes E-Trucks
ENERGY: Electric vehicle-maker gets big FedEx order
Change in the air for Chanje after FedEx deal.
GROWING ROOTS
High-profile tech and new media players expand LA presence
Los Angeles continues to draw big names in tech and new media
Microlender Sets Up in LA
FINANCE: SoLo Funds aims to attract talent, raise $15M
Microlender SoLo Funds makes L.A. its new home.
Live Nation Deal Probed
ENTERTAINMENT: Irish officials scrutinize purchase
Bump in road for Live Nation’s global expansion plans.
Thursday, January 17
UPDATED: Skechers Stock Gives Up Gains After Rumors Surface That VF Corp. in Talks to Buy
Manhattan Beach-based Skechers USA Inc. gave up about 1 percent of its gains in trading Friday after a Twitter post the previous day indicated that the lifestyle and performance footwear company was in advanced talks to be acquired by VF Corp. for $40 a share.
Get Heal Taps Two for Board: Former Qualcomm Chairman Jacobs, Former Florida Gov. Bush
Get Heal Inc., a Century City-based company that makes physician house calls at the touch of a mobile app, has named one-time Qualcomm Chairman Paul Jacobs and former Florida Gov. Jeb Bush to its board.
Live Nation Signs Lease for Old Beverly Hills Post Office Building
Beverly Hills-based Live Nation has signed a lease for 95,217-square-feet at The Post in Beverly Hills, according to a source familiar with the matter.
UCLA Scientists Develop Renewable Source of Immune Cells to Fight Cancer
UCLA researchers have developed the first technique for turning certain stem cells into mature T cells capable of fighting cancer.
Silicon Beach Report Jan. 17: Netflix Grows Subscriber Base
Musk proposes Australian tunnel; Bird, Lime valuations drop slightly; Netflix sees subscriber and revenue boost.
Relativity Space Can Launch Rockets From Cape Canaveral
Inglewood-based Relativity Space won approval to launch rockets from Cape Canaveral, the company announced Thursday.
Wednesday, January 16
U.S. Sues Tetra Tech for Alleged Mishandling of Bay Area Nuclear Cleanup Contract
The U.S. Justice Department on Jan. 14 filed a lawsuit against an operating unit of Pasadena contractor Tetra Tech Inc., alleging the company filed false invoices for work on a cleanup contract involving radioactive waste at a Bay Area former shipyard and seeking damages that one published report said could be up to $800 million.
Broad Foundation Gives $1 Million to Saint John’s Health Center for Robotics Center
The Eli and Edythe Broad Foundation awarded $1 million to Providence Saint John’s Health Center to set up a Center for Robotic Joint Replacement.
UPDATE: USC Board Flap: Roski Chastised Caruso Over Meeting Conduct
USC board member and industrial development tycoon Edward Roski Jr. chastised fellow developer magnate and USC Board of Trustees Chair Rick Caruso for his conduct in running the board meeting in early December at which the board upheld the decision to cut short the contract of Marshall School Dean James Ellis, according to a letter obtained by the Business Journal.
Silicon Beach Report Jan. 16: SpaceX Moving Some Operations to Texas
Tinder co-founder sued; SpaceX goes back to Brownsville; Niantic nets Axiomatic investment.
SpaceX Moving Starship Test Vehicle Production to Texas
Space Exploration Technologies Corp., based in Hawthorne, will soon move the development and production its Starship test vehicle to its plant in South Texas.
Women in Construction & Design: Will 2019 be the Year of Broad Digital Disruption in the Construction Industry?
Custom Content by the Los Angeles Business Journal
IoT and Analytics Will Become Firmly Embedded in Day-to-Day Operations
Women in the Construction Industry: Room for Growth
Custom Content by the Los Angeles Business Journal
According to labor force statistics from the Current Population Survey and analyzed by the National Association of Home Builders (NAHB),
Women in Construction & Design: Jessica Zeledon
Custom Content by the Los Angeles Business Journal
With over ten years of experience in the construction industry, Jessica Zeledon’s skills in coordination
Women in Construction & Design: Lia Tatevosian
Custom Content by the Los Angeles Business Journal
Lia Tatevosian is currently Vice President, Operations Manager for Swinerton
Women in Construction & Design: Michelle Smith-Ballard
Custom Content by the Los Angeles Business Journal
Michelle Ballard ensures Turner is connected to the community by fostering organizational partnerships
Record Cargo Volume at Port of L.A.
The Port of Los Angeles moved a record number of goods with retailers scrambling to stock their warehouses amid the threat of Chinese tariffs, port officials said Wednesday.
Women in Construction & Design: Cathy Orquiola
Custom Content by the Los Angeles Business Journal
As Vice President for PCL Construction’s thriving $1 billion Los Angeles district, Cathy Orquiola only knows one mode:
Women in Construction & Design: Laurie Stone
Custom Content by the Los Angeles Business Journal
Laurie Stone was named associate senior vice president for real estate and asset management for the University of Southern California (USC) in September of 2013.
Women in Construction & Design: Lisa Sachs
Custom Content by the Los Angeles Business Journal
For over 25 years, Lisa Sachs was a key contributor to the success of two of the largest multi-billion-dollar educational construction management bond programs in California as managing principal of Cumming, an international construction management firm.
Women in Construction & Design: Heather Nielsen
Custom Content by the Los Angeles Business Journal
“Design, create, build the things we use, live in, and drive on every day,” were the words that a professor at College of the Desert first used to inspire Heather Nielsen to seriously pursue engineering as a profession.
Women in Construction & Design: Nataline Lomedico
Custom Content by the Los Angeles Business Journal
In 2015, Nataline Lomedico became CEO and president of Giroux Glass, Inc.
Women in Construction & Design: Mary Larkins
Custom Content by the Los Angeles Business Journal
Mary Larkins, Pankow Builders’ Senior Project Manager, has consistently demonstrated throughout her career a natural ability to lead project teams.
Women in Construction & Design: Ashley Kelly
Custom Content by the Los Angeles Business Journal
Ashley Kelly is a Senior Project Manager and part of the high-performing team responsible for construction operations on the Long Beach Civic Center
L.A. Sets New Tourism Record With 50M Visitors
Los Angeles set a new record for tourism in 2018 marking the eighth consecutive year of growth, officials announced Wednesday against the backdrop of L.A. Live.
Hollywood BID Names Kristopher Larson as New Chief
The Hollywood Business Improvement District board has named Kristopher Larson, a business leader from Raleigh, N.C., as chief executive of the Hollywood Property Owners Alliance, the nonprofit organization that manages the Hollywood Business Improvement District. He will replace longtime executive director Kerry Morrison, who announced last summer she was stepping down at the end of this month to focus on improving mental health programs in the region.
Women in Construction & Design: Sheila Kuehl
Custom Content by the Los Angeles Business Journal
Last year, Los Angeles County Supervisor Sheila Kuehl has became the new Chair of the Los Angeles County Metropolitan Transportation Authority (Metro) Board of Directors.
Women in Construction & Design: Helena Jubany
Custom Content by the Los Angeles Business Journal
Helena Jubany is the Managing Principal of the Los Angeles office of NAC Architecture.
Women in Construction & Design: Sandra Gutierrez
Custom Content by the Los Angeles Business Journal
Sandra Gutierrez has been a part of the Millie and Severson team since 1996.
Women in Construction & Design: Lindsey Gray
Custom Content by the Los Angeles Business Journal
Lindsey Gray graduated with a BS in Construction Engineering Management from Purdue University and has worked with Pankow Builders since graduation 14 years ago.
Women in Construction & Design: Kim Grant
Custom Content by the Los Angeles Business Journal
Kim Grant is a Project Executive at Hathaway Dinwiddie who has spent over 37 years working in the construction industry.
Jam City Raises $145 Million for Mobile Game Acquisitions
Culver City-headquartered mobile game developer Jam City Inc. announced Jan. 16 it completed a $145 million fundraise, led by JPMorgan Chase Bank, Bank of America Merrill Lynch and CIT Bank.
Tuesday, January 15
Women in Construction & Design: Deborah Flint
Custom Content by the Los Angeles Business Journal
Deborah Flint was appointed Chief Executive Officer of Los Angeles World Airports (LAWA) in June 2015, with oversight of Los Angeles International (LAX) and Van Nuys (VNY) general aviation airports.
Women in Construction & Design: Barbara Flammang
Custom Content by the Los Angeles Business Journal
Barbara Flammang, AIA has been a partner at KFA Architecture for over 40 years, and is proud to have contributed to the fabric of this great city.
Women in Construction & Design: Barbara Dunn
Custom Content by the Los Angeles Business Journal
Barbara Dunn is a Principal and Studio Director in Gensler’s Los Angeles office.
Snap Chief Financial Officer Resigns
Tim Stone, Snap Inc.’s chief financial officer, announced Jan. 15 he will resign after working for the Santa Monica social media company for just eight months.
Women in Construction & Design: Whitney Dorn
Custom Content by the Los Angeles Business Journal
With over 25 years of experience, Whitney Dorn is a “DPR lifer” joining DPR right after graduating from Cal Poly San Luis Obispo.
Silicon Beach Report Jan. 15: Netflix Hikes Prices
Gen.G hires MLB exec as CEO, price hike for 58 million Netflix users; Boring Co. staffs up.
U.S. Supreme Court Decision Seen as Win for Truckers
Transportation workers cannot be forced to waive their rights through private arbitration agreements, the U.S. Supreme Court ruled Tuesday in a case that’s making waves in Southern California’s logistics industry where independent trucking contractors have been fighting for employee status.
Former MLB Exec Chris Park Named Gen.G E-Sports CEO
Former Major League Baseball Enterprises Inc. vice president of product and marketing Chris Park was named Gen.G E-sports Group’s new chief executive and executive chairman.
Women in Construction & Design: Clare De Briere
Custom Content by the Los Angeles Business Journal
lare De Briere is a native Angeleno and has spent her career creating special places for the citizens and visitors of Los Angeles.
Women in Construction & Design: Kelli Bernard
Custom Content by the Los Angeles Business Journal
Kelli Bernard is chief executive for AECOM’s business in the Los Angeles Metro area, where the global infrastructure firm is headquartered. Bernard has more than 20 years of experience in economic development, land-use planning, housing, redevelopment and public affairs.
Women in Construction & Design: Priscilla Chavez
Custom Content by the Los Angeles Business Journal
For Priscilla Chavez, the construction industry is more than just building.
Women in Construction & Design: Sarah Carr
Custom Content by the Los Angeles Business Journal
As vice president in charge of business development for McCarthy Building Companies, Sarah Carr is focused on building strong relationships with clients and industry partners in the Southern California education market.
Women in Construction & Design: Kasie Bowden
Custom Content by the Los Angeles Business Journal
Throughout Kasie Bowden’s 14-year career, she has spent over 12 years with Hensel Phelps.
Women in Construction & Design: Anjana Bhowmik
Custom Content by the Los Angeles Business Journal
Anjana Bhowmik, LEED AP, has over 15 years of hard work, dedication, and leadership in the construction industry in her background.
Monday, January 14
US Bank Tower for Sale, Could Fetch $700M
Downtown’s iconic U.S. Bank Tower is for sale, industry sources confirmed. Singapore-based OUE Limited, which owns the building, could not be reached for comment.
Silicon Beach Report Jan. 14: Endeavor Launches Streaming Service
Bird rescinds legal threat; Endeavor streaming established; CareerArc nets $30 million.
UPDATE: Brentwood-Based Forcyte Biotechnologies Targets $2M Raise
Forcyte Biotechnologies Inc., a Brentwood-based biotechnology startup with roots at UCLA, has sold $160,000 in securities out of a $2 million securities offering.
Endeavor Joins Streaming Fray
Beverly Hills-headquartered Endeavor has formed Endeavor Streaming as a platform for the company’s streaming products such as professional wrestling and ultimate fighting, the company announced in a press release Jan. 14.
Friday, January 11
SpaceX Plans 10 Percent Workforce Reduction
Approximately 10 percent of Hawthorne-based Space Exploration Technologies Corp.’s estimated 600 employees will be laid off.
Valley Economic Alliance Debuts Disaster Preparedness Guide
The Valley Economic Alliance released a disaster preparedness guide Friday during an event at California State University — Northridge.
Tishman’s Local Property Listings Expected to Fetch More Than $600M
New York-based Tishman Speyer will list its The Brickyard and The Collective at Playa Vista campuses in Playa Vista, likely next week, according to a source familiar with the matter.
Rodeo Drive Retail Property Refinance for $160M
A 28,114-square-foot retail property on Rodeo Drive has been refinanced for $160 million, or $5,691 per square foot.
Silicon Beach Report Jan. 11: Blizzard, NetEase Expanding Publishing Deal
Instapage and Nfusz partner; Neftlix sued for $25 Million; Netease continues publishing for Blizzard
Capstone Sells Follow-on Turbine
Capstone Turbine Corp. received a third follow-on order for a microturbine from a company with natural gas operations in the Mid-Atlantic region.
Nfusz Inc. Enters Partnership With Instapage
Hollywood-headquartered sales intelligence software outfit Nfusz Inc. announced Jan. 11 it entered a strategic partnership with Instapage Inc., based in San Francisco, to bring Nfusz’s interactive video
Training or Gaming?
Zwift straddles the exercise and e-sports market with cycling software
Professional cycling and e-sports collide at Zwift.
Redesign for Hodgetts and Fung
ARCHITECTURE: Firm joins Mithun, broadens focus
Hodgetts and Fung merger with Mithun may open door to larger projects.
Bank Branch Closures Rise
FINANCE: 2018 numbers worst for L.A. since 2008
L.A. County sees largest number of bank branch closings since Great Recession.
Long Road for Short Videos
MEDIA: Fiction Riot looks to make name in nascent market
Fiction Riot looks to jump into short-form video market.
Google Leasing Westside Pavilion
REAL ESTATE: Former shopping mall to be renamed One Westside
Downtown’s CalEdison gets new owner in $111 million deal.
MJIC Continues Push for Public Listing
FINANCE: Pot logistics co. planning reverse merger
MJIC Inc. has high hopes for plans to go public.
CalEdison Refinanced for More Than $100M
GreenOak Real Estate acquires building stake
Downtown’s CalEdison gets new owner in $111 million deal.
Pacwest Cancels El Dorado Acquisition
Beverly Hills-based PacWest Bancorp has terminated its previously announced agreement to buy El Dorado Savings Bank...
Levine Leichtman Closes $2.5B Fund
Beverly Hills-based Levine Leichtman Capital Partners has closed Levine Leichtman Capital Partners Fund VI, a $2.5 billion fund.
UTA EXEC Named to UC Regenys
Gov. Jerry Brown named Jonathan “Jay” Sures, co-president of United Talent Agency, to the University of California Board of Regents
Executive Shuffle at Herbalife
Herbalife Nutrition Ltd. said Michael Johnson will reassume the role on an interim basis following the resignation of current Chief Executive Richard Goudis.
The ‘Wood is Good
Inglewood rises as football stadium, other projects progress
Inglewood getting its time in the Southern California limelight.
Commercial Bank Looks To Visa Exec on Fintech
Institution wants to be more active with fintech, incubators and startups
Commercial Bank of California names new fintech exec.
Fintech Startup Hauls in $15 Million for App
Albert Corp. wants to build more human interface for A.I. financial advisers
Albert Corp. aims to give A.I. a human touch after $15 million fundraising round.
Parsons Says Its Mexico City Airport Contract Still On
Statement comes despite official announcement $13B airport project canceled
Mixed messages about Parson’s Mexico City airport project.
My Kingdom for a Decent Straw
As the new year began, a rash of new laws went into effect.
102-Room Whittier Hotel Sold for $8 Million
Y&C Pacific buys Good Night Inn from Andy’s Investment Co.
Inglewood getting its time in the Southern California limelight.
When FAANGs Bite, Take Your MSME Medicine
Investors pay rapt attention to the powerful multinational companies with high market caps – the FAANGs (Facebook, Amazon, Apple, Netflix and Google) and BATs (Baidu, Alibaba Group and Tencent) of America and China, respectively.
Thursday, January 10
UPDATED: Broker Faces Lifetime Ban
The recently departed chairman and majority owner of a Beverly Hills investment banking and brokerage firm has been banned for life by the brokerage industry, according to a Jan. 8 regulatory filing.
UPDATED: Silicon Beach Report Jan. 10: Activision and Bungie Split
Gimbal acquires part of UberMedia; Bungie terminates Activision contract early, Ring’s security not so secure?
Pasadena Apartment Complex Sells for $14M
A 45-unit apartment building in Pasadena has sold for $14 million, CBRE Group Inc. announced Jan. 10.
Wednesday, January 9
Corridor Capital Sells Off Wetmore Tool & Engineering Company
Private equity firm Corridor Capital announced Wednesday the sale of Chino-based tool-manufacturing company Wetmore Tool & Engineering Company to Dormer Pramet, a subsidiary of the Sweden-based Sandvik Machining Solutions.
Showtime Announces West Coast Headquarters in West Hollywood
Showtime Networks Inc. announced Jan. 9 a new West Coast headquarters at The Lot Studios in West Hollywood.
PacWest Terminates Pending Acquisition With El Dorado Savings Bank
Beverly Hills-based PacWest Bancorp said Wednesday that it terminated its previously announced agreement to buy El Dorado Savings Bank after the latter bank’s shareholders failed to support the transaction, due to a drop in bank values over the past year.
Silicon Beach Report Jan. 9: Bird Seeks Additional $300 Million
Former Comcast executive hired by Jukin Media; new executives at Activision Blizzard; Bird seeking new funding.
Herbalife Names Michael O. Johnson as Interim CEO, Replacing Richard Goudis
Downtown-based supplement company Herbalife Nutrition Ltd. said that Michael O. Johnson, currently the executive chairman who led the company from 2003 to 2017 as CEO, will reassume the role as CEO on an interim basis following the resignation of current CEO Richard Goudis, effective immediately.
Tuesday, January 8
UPDATED: MedMen Sued by Shareholders
Shareholders that own a stake in MedMen Enterprises Inc. filed a lawsuit against the company in Los Angeles County Superior Court Jan. 8, alleging a breach of fiduciary duty.
MedMen Strikes Deal with Treehouse REIT for $100M in Real Estate
Treehouse Real Estate Investment Trust, a cannabis REIT, will acquire $100 million of real estate from Culver City-based MedMen.
Century City PR Firm Lieberman Research Worldwide Purchases Killer Infographics
Lieberman Research Worldwide Inc., a Century City public relations firm, has acquired Killer Infographics, a Seattle marketing company focused on graphic and visual art, according to a Jan. 8 press release.
MJIC Continues Push for Public Listing
Commerce-based MJIC Inc., a cannabis logistics company building a network of distribution hubs in California, said it’s moving forward with its plans to go public.
Parsons Acquires Imaging, Mapping and Data Analytics Firm OGSystems
Pasadena-based engineering and security consulting firm Parsons Corp. announced Jan. 8 that it has acquired OGSystems, an imaging, mapping and data analytics company based in Chantilly, Va., for an undisclosed sum.
Parkview Provides $29M Loan for Koreatown Condo Development
Los Angeles-based Parkview Financial has provided a $29 million loan to refinance the construction of an 80-unit condominium complex in Koreatown. The project is partially completed.
Silicon Beach Report Jan. 8: Hulu Reports 25 Million Subscribers
Fox Sports Digital announces Women’s World Cup content; Fandango inks deal with IMAX; Hulu grows subscriber base.
CalEdison Refinanced in Deal Pegged at More Than $100M
The CalEdison, a well-known art deco building in downtown Los Angeles, has been refinanced.
Google Leasing 584,000 SF at Westside Pavilion
Google is nabbing even more space in L.A. The tech giant has agreed to lease the entirety of Hudson Pacific Properties and Macerich’s 584,000-square-foot Westside Pavilion redevelopment. The long-rumored lease was announced by the companies Jan. 8.
Monday, January 7
Levine Leichtman Closes $2.5B Fund
Beverly Hills-based Levine Leichtman Capital Partners has closed Levine Leichtman Capital Partners Fund VI, L.P., a $2.5 billion fund.
Destination Arizona: Explore Sedona Like Never Before
Custom Content by the Los Angeles Business Journal
Sedona’s ‘Secret 7’ Offer a Unique Travel Experience
Destination Arizona: Four Amazing Arizona Trilogy Communities, Limitless Lifestyle Opportunities
Custom Content by the Los Angeles Business Journal
What’s not to love about Arizona?
Destination Arizona: Boulders Resort & Spa is a One-of-a-Kind Destination
Custom Content by the Los Angeles Business Journal
Few golf resorts in the world can match the extraordinary natural setting of the Boulders Resort & Spa in Scottsdale, Arizona.
SoCal Gas Names New President, New COO
Southern California Gas Co.’s new chief executive Bret Lane on Jan. 7 announced two members of his leadership team: Maryam Brown as president and Jimmie Cho as chief operating officer.
Silicon Beach Report Jan. 7: Allen, DiMaria Join Rainn Wilson’s SoulPancake
Ring offers new products; Government shutdown delays SpaceX launch; SoulPancake hires new executives
Top-Read Stories of the Week
Top-Read Stories of the Week
Santa Monica E-sports Company Files $25 Million IPO
Super League Gaming Inc., a Santa Monica company that organizes amateur e-sports competitions, filed a $25 million initial public offering with the Securities and Exchange Commission Jan. 4.
Friday, January 4
Brown Appoints UTA Co-President Jay Sures to UC Regents
Gov. Jerry Brown named Jonathan “Jay” Sures, United Talent Agency’s current co-president, to the UC Board of Regents Jan. 4, a move that comes 48 hours before Brown ends his gubernatorial term.
Flo Technologies Announces $28 Million Series B
Flo Technologies Inc., based in Culver City, completed a Series B fundraising round worth $28 million Jan. 4, bringing the home water monitoring system developer’s total funding to an estimated $39.3 million.
Silicon Beach Report Jan. 4: Los Angeles Sues Weather Channel App
Warner Bros. settles “Westworld” game lawsuit; Digital Domain spins off new startup; IBM’s weather app sued by city attorney
Marina del Rey-Based C3J Therapeutics Agrees to Merge With AmpliPhi Biosciences
C3J Therapeutics Inc., a biotechnology company based in Marina del Rey, announced Jan. 4 it has agreed to merge with AmpliPhi Biosciences Corp. of San Diego.
SUSTAINABLE SUCCESS
Derek Hydon • MaCher
A decade ago, Derek Hydon, president of MaCher Inc. in Venice, said, company leaders had no clue about the definition of a sustainable business.
AEG Convention Center Development Greenlit
Firm could also recoup up to $167 million from city as part of deal
AEG convention center expansion gets ok.
Positive Notes Amid Economic Uncertainty
The state of the U.S. economy was a source of anxiety for many in 2018.
Bioscience LA Expects Early 2019 Launch
Nonprofit looking to fill chief executive role; aims to raise $9 million
New agency to nurture bioscience industry.
Hope Bancorp Plans Bank Branch Closures
Some layoffs possible as bank implements consolidation strategy
Hope Bancorp to shutter branches.
Push for Progress
Number of women on S&P 500 boards at record high in 2018
Survey finds progress for board diversity.
Figs Leases New HQ in Santa Monica
Medical apparel maker will take 26,118 SF
Figs Inc. has leased a 26,118-square-foot office space
Beginning 2019 with a Farewell to Gov. Brown
We’ve made it to 2019, and after the holiday doldrums it seems everyone is casting about looking to make sense of the year past and the year come.
RISING TIDE
Catalina Sea Ranch looks to expand, spins off research arm
Catalina Sea Ranch turns to bioscience to mussel into seafood market.
Print Pubs Can Pot Ads
MEDIA: Most papers shy away from cannabis dollars
Stigma, legal concerns keep many publications away from pot ad sales.
Dividend Streak Boosts Water Co. as it Grows DOD Contracts
UTILITIES: American States Water’s run now at 65 years
American States Water Co. keeps 65-year dividend streak running.
Downtown Department Store Set for Refurbish
Meridian gets $39.6M for Broadway project with retail, co-working space
Meridian Capital secures funds to rehab downtown department store.
Thursday, January 3
Thousand Oaks Biopharmaceuticals Raises $45M to Build Facility in China
Thousand Oaks Biopharmaceuticals Inc. has closed a $45 million Series A financing round led by a Chinese investment group.
UCLA-Derived Bruin Biometrics Wins Federal Clearance to Sell Bedsore Scanner
Bruin Biometrics, a UCLA medical device spinoff based in Westwood, has been granted federal clearance to sell a wireless scanner to detect bed sore risk, the firm announced Jan. 3.
Silicon Beach Report Jan. 3: $100 Million for SpaceBelt Data Storage
AT&T earthquake app available for download; LA Times malware ID’d; Westwood data storage firm raises $100 million.
New Report Finds Small Public Companies Not in Compliance With New Board Diversity Law
The author of a gender diversity report that fueled a California law requiring publicly traded companies to have at least one female board member by Jan. 1, 2020, says in a forthcoming study that more than half of the state’s smaller, micro-cap companies are out of compliance with the new law.
Westwood Satellite Data Storage Outfit Raises $100 Million
Cloud Constellation Corp., based in Westwood, finalized a $100 million Series B equity round Dec. 20, led by HCH Group Company Ltd., a subsidiary of Hong Kong-based Haier Group.
Wednesday, January 2
UCLA Awarded $2 Million to Help Seniors
UCLA was awarded a $2 million grant to improve the lives of senior citizens.
Jamison Planning New 157-Unit Building in Koreatown
Developer Jamison Services has filed plans with the city to develop a building with 157 units and nearly 12,000 square feet of commercial space in Koreatown.
Silicon Beach Report Jan. 2: Activision Appoints New CFO
Blizzard tweaks e-sports chats; Disney and Verizon sign deal; Durkin replaces Neumann at Activision Blizzard.
Tishman Nears $630M Wilshire Courtyard Sale
Tishman Speyer has a deal in the works to sell the Wilshire Courtyard building, a 1-million-square-foot complex in Miracle Mile, to the Onni Group for roughly $630 million, according to a source familiar with the matter.
Ares Management Closes Oversubscribed Inaugural Fund With Total Anticipated Capital of $5B
Century City-based global asset manager Ares Management Corp. closed on an oversubscribed fund that raised $5 billion aimed at lending to middle market companies in North America, Ares announced Wednesday.
Activision Appoints New CFO After Previous Executive Joins Netflix
Activision Blizzard Inc. announced a new chief financial officer on Jan. 2 two days after it fired the old chief financial officer.
Beyond Meat Adds Vegetarian Burgers to 1,000 Carl’s Jr.’s Locations
Beyond Meat Inc., based in El Segundo, announced Jan. 2 it linked with CKE Restaurant Holdings Inc., the parent company of fast-food chain Carl’s Jr., to offer meatless burgers at 1,000 Carl’s Jr. restaurants nationwide.
CUSTOM CONTENT: The 5 Top Myths of Luxury-Asset Lending Unmasked
Trusted Advisors
With the stock market wobbling and global economic and political instability on the rise, savvy investors will look beyond their stock portfolio for liquidity in 2019.
MGA Entertainment Sues Louis Vuitton
Los Angeles-based toy maker MGA Entertainment filed suit in Los Angeles on Dec. 28 against fashion giant Louis Vuitton over MGA’s top-selling Poopsie Pooey Puitton Slime Surprise Kit and Carrying Case.
