Stories for June 2019

Friday, June 28

Silicon Beach Report June 28: SpaceX Raising $300 Million

PCM security breached; Marvel and Team Liquid partner; SpaceX starts third fundraising effort this year

Shares in Motorcar Parts Soar on News of Mexico Plant, Pricing Plans

Torrance-based Motorcar Parts of America Inc. shares shot up after executives forecast a 14% to 18% rise in sales in the coming fiscal year.

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Hospital Shifts to Mental Health

HEALTH CARE: Glendora move eliminates 184 jobs

HEALTH CARE: Glendora move eliminates 184 jobs

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Clearlake Raises $1.4B

FINANCE: Firm will use capital to fuel investments

FINANCE: Firm will use capital to fuel investments

Champion for Change

Leslie Gilbert-Lurie I Human Rights Watch

Leslie Gilbert-Lurie left entertainment to focus on activism.

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Murals Help Update Sites

MWest brings fresh art to historic rehab projects

DEVELOPMENT MWest Holdings brings artistic touch when rehabbing historic buildings.

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Sharing the Load

LABJ INsider

Lois Shelton doesn’t lead a big company in Los Angeles.

Affordable Housing Gets Backing

REAL ESTATE: Two projects get $55 million in loans from CIT Group

REAL ESTATE: Two projects get $55 million in loans from CIT Group

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Broad Foundation Grants $30M for Stem Cell Centers

Education: UCLA, USC, UCSF to receive funds

Education: UCLA, USC, UCSF to receive funds

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American Group Plans Opportunity Zone Fund

REIT looks outside Calif. for zone development

OPPORTUNITY ZONES American Group looks to seize opportunity with new fund.

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Automation to Roll Into LA Port

TRADE: Pier 400 to install diesel-powered equipment

SEAPORTS Pier 400 at the Port of L.A. to automate with hybrid equipment.

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Amoeba Music to be Torn Down

Real Estate: 26-story project is under development

Real Estate: 26-story project is under development

Logistics Lull

LA cargo-handling businesses could take hit as China trade slows

Driving LA economy

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Offices Upgrade to Attract Tenants

REAL ESTATE: Westside complexes spend millions

REAL ESTATE: Westside complexes spend millions

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Hospital Shifts to Mental Health

HEALTH CARE: Glendora move eliminates 184 jobs

HEALTH CARE: Glendora move eliminates 184 jobs

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Thursday, June 27

Podcast Network Wondery Raises $10 Million Round Led By Waverley Capital

Wondery, the podcast network that produced Los Angeles Times’ “Man in the Window” and “Dirty John,” will use Series B funds to acquire new and original content, invest in technology.

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Silicon Beach Report June 27: Disney Launches Incubator; Faraday Future Fires Furloughed Workers; AEG Links with Lyft

Silicon Beach Report June 27: Disney Launches Incubator; Faraday Future Fires Furloughed Workers; AEG Links with Lyft

Faraday Future Lays Off Furloughed Employees

Gardena-based electric vehicle maker Faraday & Future Inc. fired several employees it had previously placed on unpaid leave in December, citing lack of funds to pay salaries.

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AECOM Set to Spin Off Biz

INFRASTRUCTURE: Govt unit generated $3.7B in 2018

AECOM to spin off its government services business.

Cos. Seek Tariff Relief

TRADE: More than 10,000 applications filed so far

Companies seek tariff exemptions as U.S.-China dispute continues.

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Lions Gate Looks for More Than A Hit

ENTERTAINMENT: Stock slumps amid box office wins

Hit film franchises aren’t helping Lionsgate Entertainment Inc. stock.

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BANKING BUD

Cannabis businesses struggle to find a place to deposit their green

Some credit unions offer banking services to cannabis operators.

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Wednesday, June 26

Affordable Housing Projects Get $55 Million from CIT Group

CIT Bank invests $55 million in two affordable housing projects.

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Broad Foundation Grants $30 Million for Stem Cell Research

The Eli and Edythe Broad Foundation will be making three grants to UCLA, USC and UC San Francisco.

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IPO Activity in Los Angeles County Could Slow

There were three IPOs in L.A. County in the first half of 2019, tracking closely with the local trend in recent years.

Riot Games Responds to DFEH Investigation

Riot Games denied allegation of gender-based pay disparities and said it's cooperating with a state investigation into its management policies.

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Clearlake Capital Closes New $1.4 Billion Fund

Santa Monica-based private equity firm Clearlake Capital Group announced June 26 the close of its newest fund, a $1.4 billion opportunity fund that the firm will use to make non-control investments.

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Who's Brokering Los Angeles (June 24): Business Location Tips

Custom Content by the Los Angeles Business Journal

Choosing a business location is perhaps the most important decision a small business owner or startup will make, so it requires precise planning and research.

UFCW authorizes strike at Ralphs, Albertsons, Vons

The union representing grocery workers from Ralphs, Vons, Albertsons and Pavilions has approved a strike as negotiations have soured.

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Who's Brokering Los Angeles (June 24): John Zanetos - CBRE

Custom Content by the Los Angeles Business Journal

CBRE’s team of John Zanetos, Chris Penrose and Phil Ruhl constitute one of the region’s premier advisory and transaction team.

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Who's Brokering Los Angeles (June 24): David Young - NAI Capital

Custom Content by the Los Angeles Business Journal

David Young and Chad Gahr (both Executive Vice Presidents with the SIOR designation at NAI Capital) are industrial property brokers providing on the ground market knowledge and expertise of industrial properties throughout the greater San Fernando Valley.

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Who's Brokering Los Angeles (June 24): Kitty Wallace - Colliers International

Custom Content by the Los Angeles Business Journal

Colliers International’s Wallace Multifamily Team, led by 20-year real estate veteran Kitty Wallace and further comprised of brokers Kalli Knight, Anna Kampling and David Flaxer, is one of the premier brokerage teams advising investors in the sale of multifamily properties throughout the greater Los Angeles region.

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Who's Brokering Los Angeles (June 24): Michael Tingus - Lee & Associates

Custom Content by the Los Angeles Business Journal

Mike Tingus specializes in industrial real estate in one of the most space-constrained industrial markets in the region, and as a result he is regularly tasked with finding creative solutions for his clients’ needs.

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Who's Brokering Los Angeles (June 24): Mark Sullivan - Savills

Custom Content by the Los Angeles Business Journal

With a combined total of 70 years of commercial real estate experience and over 80 million square feet in deal volume, Mark Sullivan, Josh Gorin and Andy Lustgarten have been involved in many of the Los Angeles area’s most significant transactions.

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Who's Brokering Los Angeles (June 24): Robert Stepp - Stepp Commercial

Custom Content by the Los Angeles Business Journal

Stepp Commercial is a leading multifamily brokerage firm in the Los Angeles market with the sale of more than $1.5 billion in properties since inception in 2013.

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Who's Brokering Los Angeles (June 24): Luke Staubitz, Andrew Dilfer, Harvey Beesen - Kidder Mathews

Custom Content by the Los Angeles Business Journal

The Team of Luke Staubitz, Harvey Beesen and Andrew Dilfer of Kidder Matthews have over 88 years of combined experience, relationships and results, focused on leasing and selling industrial properties in the Greater LAX / South Bay markets.

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Who's Brokering Los Angeles (June 24): Peter Sherman - Avison Young

Custom Content by the Los Angeles Business Journal

As a Principal and a multifamily property and capital markets expert, Peter Sherman was once again among Avison Young’s top Los Angeles brokers in 2018 with $132 million in deals and representing a rare breadth of multifamily expertise including private and institutional investment sales, raising development capital and land sales.

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Who's Brokering Los Angeles (June 24): Lee Shapiro - Kennedy Wilson Properties, Ltd.

Custom Content by the Los Angeles Business Journal

Lee Shapiro serves as Executive Vice President, Director of Retail for Kennedy Wilson’s brokerage division in Los Angeles.

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Who's Brokering Los Angeles (June 24): Kevin Shannon - Newmark Knight Frank

Custom Content by the Los Angeles Business Journal

The Shannon team focuses on Western Markets and has completed more than 801 transactions valued at $43.74 billion from 2010 to mid-2019.

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Who's Brokering Los Angeles (June 24): Frank J.H. Schulz III - The Klabin Company

Custom Content by the Los Angeles Business Journal

The Klabin Company’s team of Managing Principal Frank Schulz III, Senior Managing Principal David Prior, and Executive Vice President/Principal Todd Taugner brokered one of the most high-profile land deals in the City of Torrance in recent history by representing Prologis in the close to $50 million purchase of almost 1.4 million square feet from the Torrance Refining Company.

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Who's Brokering Los Angeles (June 24): Richard Schulman - Keller Williams Santa Monica

Custom Content by the Los Angeles Business Journal

Richard Schulman is one of Keller Williams’ top producing real estate agents.

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Who's Brokering Los Angeles (June 24): Bob Safai - Madison Partners

Custom Content by the Los Angeles Business Journal

Madison Partners has completed over $5 billion dollars in off-market transactions in the last 20 years.

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Who's Brokering Los Angeles (June 24): Jeffrey Resnick - First Property Realty Corporation

Custom Content by the Los Angeles Business Journal

Jeff Resnick has sold over $3 billion worth of commercial real estate including the Century City Shopping Center.

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Who's Brokering Los Angeles (June 24): Jon R. Reno - Kidder Mathews

Custom Content by the Los Angeles Business Journal

The highly respected Central Los Angeles Industrial Team of Jon Reno, Trevor Gale, Mark Vanis and Connor Ulf with Kidder Mathews have a combined experience of 55+ years of history, insight and relationships across the Greater Los Angeles Market.

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Who's Brokering Los Angeles (June 24): Nathan Pellow - Colliers International

Custom Content by the Los Angeles Business Journal

Colliers International’s Pellow Office Team, led by 22-year Colliers veteran Nathan Pellow, had a banner year in 2018.

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Who's Brokering Los Angeles (June 24): Greg Offsay - illi Commercial Real Estate

Custom Content by the Los Angeles Business Journal

Greg Offsay is a Los Angeles native whose passion for the city is at the core of his approach to the real estate business.

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Who's Brokering Los Angeles (June 24): Jonathan Nikfarjam - Shield Commercial Real Estate

Custom Content by the Los Angeles Business Journal

Shield Commercial Real Estate (“Shield”) led by co-founders Jonathan Nikfarjam and Gianluca Jacoli, continues to make waves throughout the South Bay, leading the charts with the highest priced multifamily sales in the region.

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Who's Brokering Los Angeles (June 24): Todd Nathanson - illi Commercial Real Estate

Custom Content by the Los Angeles Business Journal

Todd Nathanson is Founder and President of illi Commercial Real Estate, a commercial brokerage, property management and investment advisory service firm specializing in retail real estate and headquartered in Encino.

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Who's Brokering Los Angeles (June 24): Kelly Morgan - Kelly Morgan Commercial Group

Custom Content by the Los Angeles Business Journal

With over 20 years of focused exploration and experience in capital markets such as Equity, Debt and Real Estate combined with Advertising and Marketing, Kelly Morgan Commercial Group brings a unique and unparalleled approach to the marketplace.

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Who's Brokering Los Angeles (June 24): Tony Morales - JLL

Custom Content by the Los Angeles Business Journal

With over 60 years of experience combined, Tony Morales, Maureen Hawley, Christina Noonan and Christian Wehrly continue to deliver successful real estate results for their clients.

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Who's Brokering Los Angeles (June 24): Matthew Miller - Cresa

Custom Content by the Los Angeles Business Journal

The brokerage team of Matthew Miller and Jerry Porter has been a force in tenant representation for more than three decades in Los Angeles.

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Who's Brokering Los Angeles (June 24): Pete McWilliams - JLL

Custom Content by the Los Angeles Business Journal

JLL’s industrial services team has collectively over 125 years of experience in the Inland Empire market.

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Who's Brokering Los Angeles (June 24): John McMillan - Newmark Knight Frank

Custom Content by the Los Angeles Business Journal

John McMillan has been an industrial real estate services broker in Los Angeles for 28 years and is the leader of the McMillan Team.

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Who's Brokering Los Angeles (June 24): Christopher E. Maling - Avison Young

Custom Content by the Los Angeles Business Journal

In January 2019, Chris Maling, David Maling and Patrick Barnes -- also known as the Maling-Barnes team -- were each hired and named as Principals in the downtown Los Angeles office.

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Tuesday, June 25

Zone Change Approved, Amoeba Music to be Torn Down

The iconic Amoeba Music store in Hollywood will be torn down, making way for a 26-story complex.

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Who's Brokering Los Angeles (June 24): Brett Lyon - Lyon Stahl Investment Real Estate

Custom Content by the Los Angeles Business Journal

Lyon Stahl Investment Real Estate, Inc. was founded in 2014 by Brett Lyon and Woody Stahl.

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Who's Brokering Los Angeles (June 24): Bradley A. Luster - Major Properties

Custom Content by the Los Angeles Business Journal

Major Properties has been serving the greater Los Angeles commercial and industrial real estate market for 55 years.

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El Segundo Office Building Sells for $170M

A three-story creative office building at 777 Aviation in El Segundo has sold for $170 million.

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Silicon Beach Report June 25: Falcon Heavy Launches 24 Payloads Successfully

Retina launches AI for ecommerce; Quibi plans more content; Falcon Heavy launch goes (mostly) as planned

Who's Brokering Los Angeles (June 24): Jay Luchs - Newmark Knight Frank

Custom Content by the Los Angeles Business Journal

Jay Luchs, a Vice Chairman at Newmark Knight Frank’s Century City office, is a leading national retail expert with a focus on representing fashion and luxury brands find their retail stores and office headquarters.

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Glendora Community Hospital to Close Acute Care Facility

Glendora Community Hospital will close its acute care facility and eliminate 184 jobs beginning in September as it transitions to a behavioral health facility, according to layoff disclosures released June 25 by the state’s Employment Development Department.

Who's Brokering Los Angeles (June 24): Darla Longo - CBRE Group Inc.

Custom Content by the Los Angeles Business Journal

While the CBRE West Coast National Partners’ (NP) fully integrated approach distinguishes the team from its competition, the success of these investment professionals is due in large part to the team’s laser focus on the industrial sector.

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Who's Brokering Los Angeles (June 24): Jonathan J. Larsen - Avison Young

Custom Content by the Los Angeles Business Journal

Since joining Avison Young and forming a team, father and son Jonathan Larsen and Chandler Larsen have completed in excess of $2 billion in transactions over the past four years.

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Who's Brokering Los Angeles (June 24): Alexander Koustas - The Agency

Custom Content by the Los Angeles Business Journal

Led by Alexander Koustas, who brings over 15 years of commercial investment, development and brokerage experience to The Agency, the Agency’s Commercial Advisory team primarily focuses on L.A. basin commercial real estate opportunities; but will also represent clients in surrounding markets such as Orange County, San Diego County and the Inland Empire.

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Who's Brokering Los Angeles (June 24): Chris Jackson - NAI Capital

Custom Content by the Los Angeles Business Journal

Chris Jackson and Todd Lorber have been partners for 15 years. Jackson started his commercial real estate career in 1997 when he joined CB Richard Ellis as an assistant in the Industrial Division.

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Who's Brokering Los Angeles (June 24): Gary Horwitz - JLL

Custom Content by the Los Angeles Business Journal

As one of JLL’s premier tenant representative teams in the country, Gary Horwitz, Kamil Agha, Blake Searles and Grant Chalmers continue to make waves in the Los Angeles region with over 100 transactions with a value of over $650 Million during the past 12 months.

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Who's Brokering Los Angeles (June 24): Scott Heaton - Colliers International

Custom Content by the Los Angeles Business Journal

Colliers International’s Heaton Industrial Team, lead by 31-year Colliers veteran Scott Heaton and further comprised of brokers Riley Heaton and Connor McRae, is one of the top brokerage teams working the ever-tightening Los Angeles industrial market.

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Who's Brokering Los Angeles (June 24): Jason Flashman - The Flashman Investment Group

Custom Content by the Los Angeles Business Journal

The Flashman Investment Group, led by Jason Flashman, specializes in the sale of multifamily assets throughout the Greater Los Angeles Area in addition to 1031 exchanges and portfolio sales.

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Who's Brokering Los Angeles (June 24): Brian Eisendrath - CBRE Group Inc.

Custom Content by the Los Angeles Business Journal

For more than a decade, CBRE Vice Chairman Brian Eisendrath and his team have consistently set performance records very few real estate brokers in Los Angeles can claim.

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Who's Brokering Los Angeles (June 24): Jeremy Dee - Kennedy Wilson Properties, Ltd.

Custom Content by the Los Angeles Business Journal

Jeremy Dee leads the corporate services platform for Kennedy Wilson’s brokerage division.

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Who's Brokering Los Angeles (June 24): Jack R. Cline - Lee & Associates

Custom Content by the Los Angeles Business Journal

Team Cline’s focus is industrial real estate in the greater Los Angeles area and has been involved in approximately 50 transactions over the last 12 months.

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Who's Brokering Los Angeles (June 24): Michael Arnold - NAI Capital Commercial

Custom Content by the Los Angeles Business Journal

After being recognized previously by the LABJ as a Top 500 Business Leader in Los Angeles, as well as being recognized as a top commercial broker throughout Southern California by multiple media sites and publications over the last 22 years, Michael Arnold leads a team at NAI Capital of 13 salespeople as the EVP and Director of TCG (Tenant Consulting Group).

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Who's Brokering Los Angeles (June 24): Barbara Armendariz - SharpLine Commercial Partners

Custom Content by the Los Angeles Business Journal

Barbara Armendariz is President and Founder of SharpLine Commercial Partners, a full-service commercial real estate brokerage firm that excels at putting its clients’ needs first.

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Opportunity Zones: New Partnership to Promote Investments in Opportunity Zones

Custom Content by the Los Angeles Business Journal

The Mastercard Center for Inclusive Growth and Accelerator for America (AFA), a non-profit consortium of mayors, labor and business leaders, and urban and economic development experts, today announced a unique partnership to combine their expertise to drive inclusive investment in distressed communities across the United States.

Opportunity Zones: What to Expect When You are Expecting Opportunity Zone Fund Results

Custom Content by the Los Angeles Business Journal

Opportunity Zones have the investment world buzzing with interest and excitement by providing the opportunity to provide investors the ability to defer and reduce the rate at which they will be taxed on any of their capital gains and provide tax exemptions on gains made from investments held longer than 10 years in an Opportunity Zone.

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“THE ONE”: “The Poster Child of the Opportunity Zone Initiative Nationwide”-Domestic policy Council at the White House.

Custom Content by the Los Angeles Business Journal

What started as a needle in a haystack, two pages in the enormous 2017 Tax Cut and Jobs Act Law, has now burgeoned into an industry within the Commercial Real Estate community.

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Opportunity Zones: Understanding Opportunity Zones

Custom Content by the Los Angeles Business Journal

Opportunity Zones (OZs) are part of a developmental program that promotes the long-term investment in, and development of, low-income urban and rural real estate across the United States.

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Cancer Prevention Awareness: Cancer Survivors Predicted to Number Over 22 Million in U.S. by 2030

Custom Content by the Los Angeles Business Journal

Growing and aging population will increase cancer survivor count despite trends in incidence

Cancer Prevention Awareness: LLS Names “Man & Woman Of The Year” For 2019

Custom Content by the Los Angeles Business Journal

On Saturday, June 8th, The Leukemia & Lymphoma Society (LLS) celebrated its 2019 Man & Woman of the Year campaign at The Sheraton Universal Hotel.

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Cancer Prevention Awareness: Cancer May be Tough, but We are Tougher

Custom Content by the Los Angeles Business Journal

We are The Leukemia & Lymphoma Society (LLS).

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Cancer Prevention Awareness: Complete Cancer Care Under One Roof

Custom Content by the Los Angeles Business Journal

The MemorialCare Todd Cancer Institute (TCI) at Long Beach Medical Center offers comprehensive care, advanced technology, nationally recognized physicians and innovative treatment to cancer patients in a warm and caring environment.

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City of Hope to Invest $1B in New Cancer Center in Irvine

Duarte-based medical care provider City of Hope has boosted its investment to $1 billion for a new cancer center at the FivePoint Gateway in Orange County.

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Monday, June 24

Silicon Beach Report June 24: Insight Acquires PCM

SpaceX launches Falcon Heavy rocket; Virgin Hyperloop works with WashU in St. Louis; PCM acquired by Insight for $581 million

Cancer Prevention Awareness: 15,000 Second Chances - City of Hope Bone Marrow Transplant Program Celebrates Milestone

Custom Content by the Los Angeles Business Journal

City of Hope’s bone marrow transplant program recently performed the procedure on its 15,000th patient, a remarkable milestone considering that the initiative started with just two physicians, three beds and guarded expectations in 1976.

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Cancer Prevention Awareness: Overall Cancer Mortality Numbers See Decline

Custom Content by the Los Angeles Business Journal

The latest Annual Report to the Nation on the Status of Cancer finds that, for all cancer sites combined, cancer death rates continued to decline in men, women, and children in the United States from 1999 to 2016.

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Who's Building L.A. (June 17): Luxury Developer Brings Innovative Solutions to Housing Crisis

Custom Content by the Los Angeles Business Journal

Housing: it’s the issue on every Angelenos’ mind. From local leaders and city staff, to community advocates and residents, we’re all acutely aware of the drastic housing crisis – especially with the recently released 2019 homeless count indicating a staggering 16 percent jump in homelessness in the city.

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Who's Building L.A. (June 17): Office Leasing Activity Expected to Grow Amid Sustained U.S. Economic Strength

Custom Content by the Los Angeles Business Journal

The U.S. office market continues to expand ahead of forecast, posting 18 million square feet of net absorption in the fourth quarter of 2018 and 11 million square feet in the first quarter of 2019, according to the NAIOP Office Space Demand Forecast.

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Who's Building L.A. (June 17): Playa District – Silicon Beach’s Newest Tech Campus

Custom Content by the Los Angeles Business Journal

Los Angeles’ content and tech scene is booming. Always the entertainment capital of the world, since 2011 some of the biggest names in tech have established themselves in LA, and the Westside has rapidly transformed and rebranded itself into one of the most exciting creative ecosystems in the nation.

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Who's Building L.A. (June 17): Lendlease - Downtown

Custom Content by the Los Angeles Business Journal

This international development firm based in Sydney Australia, relocated and expanded their satellite office in downtown Los Angeles, where they currently have several high-rise office buildings under construction.

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Who's Building L.A. (June 17): The Works - El Segundo

Custom Content by the Los Angeles Business Journal

Developed by PES Partners, LLC, utilizing the talents of contractor W. L. Butler and architects from FRCH Design Worldwide, this gathering space is well-positioned in the coast-side community of El Segundo.

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Who's Building L.A. (June 17): Culver Studios Redevelopment - Culver City

Custom Content by the Los Angeles Business Journal

Developed by Hackman Capital Partners, contracted by Taslimi Construction Company and featuring the work of KCK Architects, the Culver Studios redevelopment project consists of relocation, structural retrofit, and restoration of an existing group of four historic bungalows on the landmarked Culver Studios property.

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Warner Bros. Entertainment Selects Chief Executive

Ann Sarnoff is the new chief executive at Warner Bros. Entertainment, according to media reports.

Most Influential Private Equity Investors & Advisors: Michael Woronoff

Custom Content by the Los Angeles Business Journal

Michael Woronoff is a transactional partner in the Los Angeles office of Kirkland & Ellis LLP.

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Most Influential Private Equity Investors & Advisors: Randy Wells

Custom Content by the Los Angeles Business Journal

Randy Wells joined CLA (CliftonLarsonAllen LLP) in 2012 following 22 years of practice with another national accounting firm in the Pacific Northwest.

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Long Beach Airport Traffic Down 12%

Long Beach Airport traffic dropped 12% year-over-year in May to 305,300 passengers.

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Most Influential Private Equity Investors & Advisors: Jeremy Weitz

Custom Content by the Los Angeles Business Journal

Jeremy Weitz is a Shareholder and Co-Chair of the Buchalter’s Corporate Practice Group.

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Most Influential Private Equity Investors & Advisors: Andy Torosyan

Custom Content by the Los Angeles Business Journal

Andy Torosyan leads HCVT’s M&A tax practice. In 2018, under his stewardship, the practice grew by 20%.

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Insight Acquires PCM for $581M in Cash and Debt

El Segundo-based information technology services firm PCM Inc. will be acquired by Tempe, Ariz.-based Insight Enterprises Inc. in a deal worth roughly $581 million.

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Most Influential Private Equity Investors & Advisors: Michael N. Steuch

Custom Content by the Los Angeles Business Journal

Michael Steuch is a business lawyer who specializes in M&A, Equity and Debt Financings, and "Outside GC" work.

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Most Influential Private Equity Investors & Advisors: Fabio Simi

Custom Content by the Los Angeles Business Journal

Fabio Simi is a Senior Vice President in the Private Equity and M&A practice of Marsh in Los Angeles.

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Supreme Court Rules FUCT Brand Can Seek Trademark

In a win for free speech advocates--and one four-letter Los Angeles streetwear company--the U.S. Supreme Court overturned a ban on trademarks deemed “scandalous” or “immoral.”

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Most Influential Private Equity Investors & Advisors: Alison Ressler

Custom Content by the Los Angeles Business Journal

For over three decades, co-head of S&C’s Global Private Equity Practice Alison Ressler has worked on blockbuster transactions across the globe and across all industries

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Most Influential Private Equity Investors & Advisors: Nishen Radia

Custom Content by the Los Angeles Business Journal

Nishen Radia is a co-founder of FocalPoint and has approximately 22 years of experience advising owners of middle-market companies on mergers and acquisitions, debt and equity recapitalizations and financial restructurings.

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Most Influential Private Equity Investors & Advisors: Anant Patel

Custom Content by the Los Angeles Business Journal

Anant Patel has 25 years of public accounting experience and leads both the Consulting Practice and Transaction Advisory Practice for Green Hasson Janks and is a member of the Executive Committee for the firm.

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Most Influential Private Equity Investors & Advisors: Marvin Padilla

Custom Content by the Los Angeles Business Journal

Marvin Padilla is the head of apparel and lifestyle brands at Intrepid. He has more than 17 years of experience advising entrepreneurs and middle-market companies on mergers and acquisitions transactions and other corporate finance activities.

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Most Influential Private Equity Investors & Advisors: Rita-Anne O’Neill

Custom Content by the Los Angeles Business Journal

Co-head of S&C’s Global Private Equity Practice, Rita O’Neill is an accomplished dealmaker whose auction deal savvy and long-term private equity client relationships have made her a leader in her field.

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Most Influential Private Equity Investors & Advisors: Pardis Nasseri

Custom Content by the Los Angeles Business Journal

In 2014, Pardis Nasseri decided to re-establish his firm, Palm Tree, with a new focus and without any outside capital.

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Most Influential Private Equity Investors & Advisors: Joel Montminy

Custom Content by the Los Angeles Business Journal

Joel Montminy is known both for his outstanding track record in M&A, helping reshape many Los Angeles businesses for the better; and his entrepreneurship in founding, building and leading an L.A.-based investment bank with a fully registered broker-dealer.

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Most Influential Private Equity Investors & Advisors: Daren Mesrobian

Custom Content by the Los Angeles Business Journal

Daren Mesrobian joined HCVT to establish and lead its Valuation Advisory Services practice.

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Most Influential Private Equity Investors & Advisors: Peter Massumi

Custom Content by the Los Angeles Business Journal

Peter Massumi is a private equity attorney who is a consummate professional with deep private equity experience, impressive ability to understand and deliver on clients’ needs, and an outstanding level of technical expertise.

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Most Influential Private Equity Investors & Advisors: Marc A. Jones

Custom Content by the Los Angeles Business Journal

Marc Jones is a seasoned transactional lawyer with more than two decades of experience handling complex business transactions and securities matters.

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Most Influential Private Equity Investors & Advisors: Luke Guerra

Custom Content by the Los Angeles Business Journal

Luke Guerra is a partner in Kirkland's corporate group focusing in the areas of private equity, mergers and acquisitions, corporate securities and finance and corporate governance.

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Most Influential Private Equity Investors & Advisors: David Horwich

Custom Content by the Los Angeles Business Journal

David Horwich has worked as an investment banker and advisor to both public and privately held businesses for the past 25 years.

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Most Influential Private Equity Investors & Advisors: Lloyd Greif

Custom Content by the Los Angeles Business Journal

Lloyd Greif, a near 40-year veteran of the southern California investment banking wars, founded his eponymous investment banking firm in 1992 and has done everything from representing private equity firms in their acquisition or divestiture of portfolio companies to selling his entrepreneurial clients to them.

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Most Influential Private Equity Investors & Advisors: Brian Gaede

Custom Content by the Los Angeles Business Journal

Brian Gaede is a Partner in the Transaction Advisory Services (TAS) practice of EY and currently serves as the TAS Private Equity leader for the Western US.

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Most Influential Private Equity Investors & Advisors: Steve Davis

Custom Content by the Los Angeles Business Journal

Steve Davis is a co-founder of Intrepid Investment Bankers, one of the country’s leading middle-market M&A advisors, which was recently acquired by MUFG Union Bank.

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Most Influential Private Equity Investors & Advisors: Eva Davis

Custom Content by the Los Angeles Business Journal

As co-chair of Winston’s Global Private Equity Practice, Eva Davis concentrates on U.S. and cross-border complex business transactions with a particular focus on mergers and acquisitions and private equity.

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Most Influential Private Equity Investors & Advisors: Anthony Consoli

Custom Content by the Los Angeles Business Journal

After spinning out of the Los Angeles office of Kirkland & Ellis LLP in 2015 with his partner and friend, Peter Massumi, Tony Consoli went on to found what would become one of the most respected boutique private equity M&A law firm in California.

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Friday, June 21

Federal Judge Rules Cadiz Pipeline Exemption Is Invalid

A federal judge invalidated an environmental review exemption granted to a Cadiz Inc. pipeline project, ordering the federal BLM to reconsider.

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Artists Sue Universal Music Group Over 2008 Fire

The estates of Tupac Shakur and Tom Petty, as well as bands Soundgarden and Hole joined a proposed class action lawsuit against Universal Music Group over a 2008 fire that destroyed thousands of master recordings.

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Silicon Beach Report June 21: Kairos Ventures Closes $24.6 Million First Fund

Falcon Heavy, LightSail prepare for launch; Bird banned in Nashville; Kairos raises $24 million fund

Unemployment Down in L.A. County as Jobs Grow, Workforce Shrinks

L.A. County’s unemployment rate dipped slightly in May to 4.5%, the combined effect of a modest gain in jobs and several thousand workers leaving the labor force.

Big Projects Win Support

Parkview, Acres provide multimillion-dollar loans

Parkview Financial has loaned $16.5 million to mixed-use project 5050 Pico.

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Umpqua Focuses on Organic Growth

SPECIAL REPORT: BANKING AND FINANCE

Firm has paused acquisitions, but continues steady SoCal expansion

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Bell Partners to Expand LA Presence

NC real estate firm plans to invest up to $200M

Bell Partners Inc. is targeting newer, more modest housing investments in L.A.

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STAYING SOUND

Los Angeles recording studios stand the test of time

L.A.’s legendary recording studios still going strong, despite changing industry.

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Credit Unions Consolidate

SPECIAL REPORT: BANKING AND FINANCE

LA sees sharp drop in number of institutions even as assets rise

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High Times to List OTC

MEDIA: Pot publication shifts gears, puts Nasdaq plan on hold

High Times Holding Corp.’s IPO hits snag as it fails to meet listing requirements.

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STILL COOKING

Joachim Splichal I Patina Restaurant Group

STYLE Joachim Splichal, founder of Patina Restaurant Group, likes to keep it simple.

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Local Retailers Take on Tariffs

RETAIL: Forever 21, others raise concerns with feds

Forever 21, Boardriders Inc. head to Washington to testify against tariffs.

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Wonderful Gets Sweet on Lemons

AGRICULTURE: Plans to market new seedless variety

Wonderful Co. hopes taking the seeds out will drive lemon sales.

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PE Firm Angeles Equity Extends Shopping Spree

FINANCE: Lumenetix buy is fourth deal in two weeks

Angeles Equity Partners has made four deals in the last two weeks.

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Mattel Stock Sinks After Larian Bid

MANUFACTURING: MGA founder’s offer rejected

Mattel Inc. rejected takeover bid from MGA Entertainment.

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Goodman Group to Buy Boeing Site

REAL ESTATE: Long Beach facility has been shuttered since 2015

Goodman Group is purchasing Boeing Co.’s former facility in Long Beach.

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Revenue Grows at LiveXLive

MEDIA: Concert-streaming company notes rising costs

Concert streaming boosts LiveXLive Media Inc. but company has struggled to meet SEC deadlines.

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Building Better

Stagnant productivity growth in the construction industry is a drag on US economy. Can a new focus on technology help change that trend?

Building industry is critical driver of L.A.’s economy but is slow to innovate.

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Z Gallerie Sells Assets

Bankrupt furniture retailer was roiled by ecommerce

RETAIL DirectBuy Home Improvement Inc. will buy Z Gallerie for $20 million.

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Fight Over Automation Heads to City Council

Union claims Pier 400 automation could cost jobs

Union claims Pier 400 automation could cost jobs

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Weedmaps Plans Move to Huge Downtown Office

REAL ESTATE: Tech firm is latest to lease in Arts District

Ghost Management Group is the latest business to land in the Arts District.

Labor Strife Hits Grocers

UFCW calls on Ralphs, Albertsons to raise wages

Southern California’s grocery workers organized under local chapters of the United Food and Commercial Workers union could strike this summer.

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LABJ INsider

Goings-on in L.A.’s business community.

ManifestSeven Rolls Up Deals

RETAIL: Cannabis firm purchases SD delivery service, prized phone number

Pot logistics company ManifestSeven expands its reach in consumer market.

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Thursday, June 20

Silicon Beach Report June 20: SpinLaunch Wins Defense Department Contract

Quibi gains over $100 million in ad bookings; TenOneTen Ventures backs Probably Genetic; Defense Department Offers SpinLaunch Contract

Paris Ad Agency Buys Hollywood's Battery

Paris-headquartered advertising giant Havas has acquired Battery, a fast-growing Hollywood-based advertising agency, for undisclosed terms.

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SpinLaunch Wins First Department of Defense Contract

Long Beach-based aerospace firm SpinLaunch Inc. announced June 20 that it had won a contract from the Department of Defense to develop a small satellite launch system prototype.

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Ghost Management Group Signs 115K SF Arts District Lease

The Irvine-based tech company that runs the website weedmaps.com, has signed a 115,000 square foot office lease in the Arts District.

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Wednesday, June 19

West L.A. Retail Center Sells For $14M

A retail center in West L.A. was purchased by Los Robles Office Partners for $13.5 million, according to property records.

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Dave Inc. Raises $110 Million, Launches Banking Business

Santa Monica-based Dave Inc., developers of a financial management mobile app designed to prevent bank overdrafts, announced June 19 a $110 million debt funding raise.

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Silicon Beach Report June 19: Overdraft Protection App Developer Raises $110 Million

Greycroft backs Enboarder again; Happy Returns selects new chief revenue officer; Dave Inc. raises $110 million

Greycroft Leads $8 Million Enboarder Series A

Downtown headquartered venture capital firm Greycroft Partners led a $8 million Series A round for Austin, Texas-based human resources software developer Enboarder Inc.

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Ares Management Sells Pet Care Firm, Funds Energy Venture

Century City-based Ares Management Corp. was involved in separate deals this week, selling one of the largest veterinary and pet care services organizations in the world and providing $165 million in capital for a joint venture drilling for natural gas and oil in western Texas.

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Tuesday, June 18

Silicon Beach Report June 18: Elevate Secures $25 Million

HipDot finds $2.5 million; Bird hopes to migrate to NYC; Elevate raises $25 million venture round

Stone Canyon Industries Holdings Sells $1.8B Stake in Firm

Century City-based Stone Canyon Industries Holdings announced June 18 that it sold a $1.8 billion equity stake in the company to a number of pension funds and family offices. Cash from the transaction was used to help pay for the recent purchase of Reddy Ice Holdings Inc., and the remainder will be used for future acquisitions.

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ManifestSeven Purchases Cannabis Delivery Service

Commerce-based cannabis logistics company ManifestSeven purchased San Diego-based marijuana delivery service to help scale its distribution operation statewide.

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Angeles Equity Acquires Lighting Manufacturer

Santa Monica-based private equity firm Angeles Equity Partners said its portfolio company ERP Power purchased lighting components manufacturer Lumenetix Inc.

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Arcadia Shopping Mall to Be Converted to Mixed-Use Community

Lennar Homes has purchased a shopping center in Arcadia from the Olson Company.

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Taxes, Infrastructure and Homelessness Top Concerns in New Local Business Poll

New and increasing taxes, deterioration of public infrastructure and rising homelessness are the top concerns in a new poll released June 17 of Los Angeles County business owners and executives conducted by the Los Angeles County Business Federation and the Employers Group.

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20 in their 20s Special Report

They're a group as diverse, innovative, and ambitious as Los Angeles itself. Meet this year's 20 in their 20s - our sampling of the city's brightest young business talent. Spanning industries such as tech, media, real estate, and finance, these rising stars are making an exception.

Monday, June 17

Most Influential Private Equity Investors & Advisors: Larry Braun

Custom Content by the Los Angeles Business Journal

Larry Braun is the former Leader of the Sheppard Mullin’s Corporate Practice Group.

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Most Influential Private Equity Investors & Advisors: Adam Abramowitz

Custom Content by the Los Angeles Business Journal

Adam Abramowitz is a co-founder and Managing Director at Intrepid Investment Bankers.

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Most Influential Private Equity Investors & Advisors: Guy Zaczepinski

Custom Content by the Los Angeles Business Journal

Guy Zaczepinski has been with Century Park Capital Partners since 2005.

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Most Influential Private Equity Investors & Advisors: Brett Wyard

Custom Content by the Los Angeles Business Journal

Brett G. Wyard is an established business leader in the Los Angeles community and has lived in the city for the past 20 years.

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Most Influential Private Equity Investors & Advisors: Jeff White

Custom Content by the Los Angeles Business Journal

Jeff White has been actively involved with all M&A efforts at Skyview Capital since its inception.

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Most Influential Private Equity Investors & Advisors: Thomas Wehinger

Custom Content by the Los Angeles Business Journal

Thomas Wehinger serves as General Counsel for Regent LP, a boutique private equity firm in Beverly Hills, and is responsible for all legal matters at both the corporate level and within its thirteen portfolio companies.

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Most Influential Private Equity Investors & Advisors: Jonathan Victor

Custom Content by the Los Angeles Business Journal

As Senior Managing Director of Balmoral Funds, accomplished executive and investor Jonathan Victor chairs the firm’s Investment Committee.

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Most Influential Private Equity Investors & Advisors: Jim Upchurch

Jim Upchurch co-founded Caltius Capital Management in 1997.

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Most Influential Private Equity Investors & Advisors: Alex Soltani

Custom Content by the Los Angeles Business Journal

Alex Soltani founded Skyview Capital in 2005 and is Chairman of the firm’s executive and investment committees.

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Most Influential Private Equity Investors & Advisors: Rick Shuart

Custom Content by the Los Angeles Business Journal

Rick Shuart has been an integral member of Caltius Capital Management’s team since 1999.

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Disney-owned Fox studios set to lay off 87

Twentieth Century Fox Film Corp. continues to shed employees in the wake of its purchase earlier this year by Walt Disney Co.

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Most Influential Private Equity Investors & Advisors: Loren Schlachet

Custom Content by the Los Angeles Business Journal

Loren Schlachet manages the Riverside Micro-Cap Fund (RMCF) family.

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Most Influential Private Equity Investors & Advisors: Marty Sarafa

Custom Content by the Los Angeles Business Journal

Marty Sarafa is one of the founders of Century Park Capital Partners and has been with the firm since its formation in 2000.

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Most Influential Private Equity Investors & Advisors: James Oh

Custom Content by the Los Angeles Business Journal

James Oh is a first-generation Korean American who immigrated to Los Angeles from Seoul, South Korea when he was 7 years old.

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Most Influential Private Equity Investors & Advisors: Robin Nourmand

Custom Content by the Los Angeles Business Journal

Robin Nourmand is a Managing Director at Balmoral Funds.

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Most Influential Private Equity Investors & Advisors: Michael Morgan

Custom Content by the Los Angeles Business Journal

Michael Morgan co-founded Caltius Capital Management’s private equity fund with Jim Upchurch and Garrick Ahn in 1999.

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Most Influential Private Equity Investors & Advisors: Jeremy Holland

Custom Content by the Los Angeles Business Journal

Jeremy Holland is a Managing Partner at The Riverside Company, leading the Origination team across the various funds/strategies in North America.

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Silicon Beach Report June 17: Sunbit Secures $26 Million

SpaceX considers bid on NASA lunar supply mission; Survios expands VR game offerings; Sunbit finds $26 million

Most Influential Private Equity Investors & Advisors: Travis Haynes

Custom Content by the Los Angeles Business Journal

Travis Haynes is a Managing Director at Balmoral Funds. He joined the Balmoral team in 2012 to lead the business development function at the firm.

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Most Influential Private Equity Investors & Advisors: Dan Groen

Custom Content by the Los Angeles Business Journal

Dan Groen joined Clearlake in 2015, and he currently serves on the Board of Directors of Clearlake portfolio companies OnShift and symplr.

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Most Influential Private Equity Investors & Advisors: Tom Gores

Custom Content by the Los Angeles Business Journal

Tom Gores is Chairman and CEO of Platinum Equity and owner of the Detroit Pistons NBA franchise.

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Most Influential Private Equity Investors & Advisors: David Gendron

Custom Content by the Los Angeles Business Journal

As the co-founder and Managing Director of the largest independent film finance and consulting firm, Three Point Capital, David Gendron has spent the last 18 months skillfully structuring financing for a slate of private independent film producers.

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Most Influential Private Equity Investors & Advisors: Christopher Brothers

Custom Content by the Los Angeles Business Journal

Christopher Brothers has over 30 years of experience as a private equity and distressed debt investor, as well as a financial advisor specializing in M&A and financial restructurings.

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Father's Day Gift Guide: Dove Champions Paternity Leave For All Dads

Custom Content by the Los Angeles Business Journal

When men take time off work to care for their newborn, everyone benefits - including their families, workplaces, and communities

Father's Day Gift Guide: Father’s Day in Facts and Figures

Custom Content by the Los Angeles Business Journal

According to the Library of Congress, “In June of every year, we honor fathers.

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Father's Day Gift Guide: Sign Your Beer Loving Dad Up for The Rare Beer Club

Custom Content by the Los Angeles Business Journal

If Dad’s a big fan of beer and likes to experiment a bit, treat him to a membership with MonthlyClubs.com’s Rare Beer Club!

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Father's Day Gift Guide: Give Dad a Body Reboot for Father’s Day

Custom Content by the Los Angeles Business Journal

Imagine if your body could achieve all the health benefits of five-day fasting — while you enjoy eating some delicious and nutrient-rich food!

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Father's Day Gift Guide: Take Sci-Fi Loving Dads to The Galaxy’s Edge

Custom Content by the Los Angeles Business Journal

Think about all the times dad took you to Disneyland when you were a kid. If he is a Star Wars fan, perhaps it’s time to return the favor.

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Father's Day Gift Guide: How to Create the Ideal Father’s Day for Your Dad

Custom Content by the Los Angeles Business Journal

Dad has always there for you and Father’s Day is the perfect opportunity to return the favor and show your gratitude.

Tony Chen

20 in their 20s

Chief executive and co-founder of Channel Factory

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Alyssa Lanz

20 in their 20s

TV literary agent at United Talent Agency

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Willie Litvack

20 in their 20s

Chief executive and co-founder of SquadUp Inc.

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Stacey Ferreira

20 in their 20s

Chief executive, Forge Technologies Inc.

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Dillon Morgan and Jarrett Chen

20 in their 20s

Co-founders of Unum Inc.

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Amy Neben

20 in their 20s

Partner and talent manager at Select Management Group

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Kendra Ward

20 in their 20s

Head of customer experience and co-founder, UnboXt Inc.

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Jonathan Wallace

20 in their 20s

Investment director at Expert Dojo

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Alix Peabody

20 in their 20s

Chief executive and founder of Alix Co.

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Advait Shinde

20 in their 20s

Chief executive and co-founder of Liminex Inc.

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Fizah Jadhavji

20 in their 20s

President of Vivitech Solutions Inc.

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Michael Lucarelli

20 in their 20s

Chief executive and co-founder of RentSpree

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Tucker Roberts

20 in their 20s

President of Philadelphia Fusion

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Rachel Sumekh

20 in their 20s

Chief executive and founder of Swipe Out Hunger

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Thea Pham

20 in their 20s

Co-founder of U-Defi Inc.

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Austin Long

20 in their 20s

VP of partnerships an strategy at Omnia Media Inc.

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Hamish Khayat

20 in their 20s

Chief executive and founder of Burst Oral Care

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Vili Vaananen

20 in their 20s

Chief executive and co-founder of Highkey

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Brittney Segal

20 in their 20s

Director of original series at Netflix Inc.

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Rich Branning

20 in their 20s

Chief executive and co-founder of Sweep Inc.

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Friday, June 14

KCRW Employees Unionize Under SAG-AFTRA

The employees of National Public Radio member station KCRW in Santa Monica voted June 14 to have the Screen Actor’s Guild represent them as their union.

Silicon Beach Report June 14: Bird Required to Pay Tariffs on Chinese Imports

Bird, Uber tariff relief requests denied; AppOnBoard buys BuildBox; Pluto TV links with Comcast

MedMen Expands to Florida with First Retail Store

Culver City-based cannabis company MedMen Enterprises Inc. has expanded to Florida with the opening of its first retail location in West Palm Beach.

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Shared Space

The latest entrant to coliving market offers hip, furnished apartments

The rise of coliving in L.A.

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ZONED FOR COMFORT

Drew Boyles I Mayor, City of El Segundo

El Segundo Mayor Drew Boyles toes line between business professional and surfer chic.

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Hackman Nears Soundstage Buy

Group in talks to purchase MBS Media Campus

Hackman Capital looking for a Hollywood ending with another studio purchase.

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Harbor Group Makes LA Purchase

RE investor takes $3 million stake in West Hollywood apartment building

Harbor Group looks to expand its L.A. presence with $3.25M stake in West Hollywood apartment building.

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LA Firms Buy Press Ganey

Ares, Leonard Green bring health care firm into fold

Ares Management and Leonard Green team up to buy health care provider Press Ganey.

Angeles Equity Shoots for Three

SaMo PE firm locked up three deals last week, including APCT Inc. buy

Angeles Equity goes on spending spree with three new acquisitions.

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Businesses Flock to West Adams

Real Estate: New companies, high-rises drive neighborhood shift

Retailers are flocking to West Adams.

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AECOM to Shed Projects

engineering: Firm to avoid at-risk construction

AECOM CEO says firm is looking to unload riskier construction projects.

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LA Times Labor Dispute Drags On

MEDIA: A year after Soon-Shiong purchased paper, no union contract

A year after buying the L.A. Times, Patrick Soon-Shiong and the newspaper’s union are locked in a contract stalemate.

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Target Husk Sets Open Date

REAL ESTATE: Project back on after decade delay

Hollywood Target gets OK to restart construction.

E3 Show Goes on Despite Static Exhibitor Growth

TECH: Attendance up, but some local cos. stay away

Video game-makers descend on L.A. for E3 expo.

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LABJ Insider

Goings-on in L.A.’s business community.

Goings-on in L.A.’s business community.

Kitchen Aid

Restaurants renting offsite prep space to keep up with delivery demand

Virtual kitchens by Colony, Cloud Kitchens and Kitchen United look to fill restaurants’ need for more kitchen space.

CHANGE FACTOR

Sunnie Kim and Hana Financial look to revitalize a flagging industry

Hana Financial looks to move toward transportation factoring as garment industry transforms.

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Resale Readies for its Closeup

RETAIL: Secondhand luxury market set to double

Fashionphile has the vintage reselling industry in the bag.

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SMS Marketers Press ‘Send’

TECH: LA companies provide text-message advertising

EZ Texting helps companies wade through regulations surrounding marketing via text message.

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Naming Rights Up for Grabs

MEDIA: LA area stadiums use deals to fund construction

United Airlines’ purchase of naming rights for the L.A. Coliseum’s field offers a new spin on a decades-old trend.

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Thursday, June 13

Riot Games Under DFEH Investigation

California's Department of Fair Employment and Housing has launched an investigation into Sawtelle-based Riot Games for alleged gender bias and other discriminatory conduct.

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Colony Capital Refinances Nearly $2B

Downtown-based Colony Capital Inc. has refinanced $1.725 billion of consolidated debt in its healthcare portfolio.

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Silicon Beach Report June 13: Sure Raises $23 Million

Bird paid $25 million for Scoot; Sure raises $23 million; Disney Plus subscriber projections

Toymaker MGA Proposes Merger with Rival Mattel

Chatsworth toy manufacturer MGA Entertainment Inc. made a bid last month to merge with rival toy company Mattel Inc., in El Segundo, which rejected the offer.

Brasa Capital Closes Debut Real Estate Fund at $120M

Century City-based real estate investment firm Brasa Capital Management raised $120 million for its debut real estate fund.

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Wednesday, June 12

Long Beach Names Cynthia Guidry Airport Chief

The city of Long Beach on June 11 named a top L.A. Airport executive, Cynthia Guidry, as its new airport director, effective July 29.

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Silicon Beach Report June 12: Bird Acquires Scoot

Hulu, Disney acquire Lions Gate rights; Immortals acquires Infinite Sports & Entertainment; Scoot scooped up by Bird

Immortals Buys Infinite Esports & Entertainment

Esports company Immortals has acquired esports team owner Infinite Esports & Entertainment.

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Bird Acquires Scoot Networks

Santa Monica-based Bird Rides Inc. is buying Bay Area competitor Scoot Networks Inc.

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Tuesday, June 11

UCLA Names Antonio Bernardo as Anderson School Dean

UCLA recently named longtime Anderson School of Management finance professor and administrator Antonio Bernardo as the school’s new dean, effective July 1.

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Imports Fall at Los Angeles, Long Beach Ports

Imports into the San Pedro Bay port complex sunk 6.3% in May, as trade war tensions between the U.S. and China continued to impact the flow of goods.

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Silicon Beach Report June 11: GameMine acquires 1,200 titles

Square Enix announces “Avengers,” “Final Fantasy” titles; Snapchat filters have unexpected use; GameMine expands gaming library

Sweetgreen Snags DC Meal Delivery Service Galley Foods

Restaurant chain Sweetgreen announced June 11 that it’s acquiring Washington D.C. meal delivery service Galley Foods for an undisclosed amount.

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USC Names Geoffrey Garrett Business School Dean

USC on June 11 named Geoffrey Garrett, current dean of the Wharton School at the University of Pennsylvania, as the next dean of the Marshall School of Business, effective in July 2020.

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Monday, June 10

Douglas Emmett Buys Westwood Apartment Building for $365M

Santa Monica-based Douglas Emmett Inc. purchased a 350-unit apartment building in Westwood for $365 million, the group announced June 10.

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Hackman Capital Partners In Talks For $700M Studio Buy

Hackman Capital Partners is in talks to buy MBS Media Campus for roughly $700 million.

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SCE President Ron Nichols Dies; CEO Kevin Payne Adds President Title

Ron Nichols, president of Southern California Edison and former top executive with the Los Angeles Department of Water & Power, died June 6 after a battle with gastric cancer.

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Silicon Beach Report June 10: Pluto TV Pushes into Latino Markets

Quibi unveils pricing details; SpaceX to launch JPL’s atomic clock; Pluto TV launches Latino programming

2019 Women's Council & Awards: Survey Underscores Need to Address Unskilled Labor Force

Custom Content by the Los Angeles Business Journal

Last month, the National Association of Women Business Owners (NAWBO) announced results from its annual membership survey sponsored by Bizwomen.

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2019 Women's Council & Awards: WEConnect International to Team with UN Women to Promote Gender Equality

Custom Content by the Los Angeles Business Journal

WEConnect International announced earlier this year that they will be partnering with UN Women to support the implementation of the flagship program Stimulating Equal Opportunities for Women Entrepreneurs.

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2019 Women's Council & Awards: Share of Women Working in Construction Trades in 2018 is the Highest in 20 Years

Custom Content by the Los Angeles Business Journal

New analysis finds that women’s job growth in construction trades was nearly five times faster than job growth in the field overall

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2019 Women's Council & Awards: Latest Data Shows that Women are Starting an Average of 1,821 New U.S. Businesses per Day

Custom Content by the Los Angeles Business Journal

Women started an average of 1,821 new businesses per day in the U.S. between 2017 and 2018, according to analysis in the 2018 State of Women-Owned Businesses Report, commissioned by American Express.

2019 Women's Council & Awards: Flexible Format and Action-Based Learning

Custom Content by the Los Angeles Business Journal

A Look at the Michigan Ross Executive MBA Program – Los Angeles

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2019 Women's Council & Awards: Empowering Women, Advancing Success

Custom Content by the Los Angeles Business Journal

USC Marshall is at the forefront of efforts to prepare the next generation of women leaders in business.

2019 Women's Council & Awards: Women and Alzheimer’s Disease

Custom Content by the Los Angeles Business Journal

Nearly 5.8 million Americans are living with Alzheimer’s Disease or another dementia.

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2019 Women's Council & Awards: Women Entrepreneurship - Find Funding to Start, Run and Grow Your Business

Custom Content by the Los Angeles Business Journal

It’s important to recognize the role of women-owned businesses in the nation’s economy.

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2019 Women's Council & Awards: Attracting and Retaining Women in the Workplace

Custom Content by the Los Angeles Business Journal

In a global economy with an increasingly diverse workforce, it’s imperative that employers create workplaces that suit the needs of diverse populations.

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2019 Women's Council & Awards: The Power of Giving

Custom Content by the Los Angeles Business Journal

Have you ever been the recipient of an unconditional gift you weren’t expecting?

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2019 Women's Council & Awards: Until Death Do Us Part

Custom Content by the Los Angeles Business Journal

At the altar, you make hopeful and sincere vows to love and cherish each other until death do you part.

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2019 Women's Council & Awards: Taking a Career to the Next Level

Custom Content by the Los Angeles Business Journal

In the course of her 30-year career in financial services, Kelly Coffey has held a series of leadership positions in corporate finance, mergers and acquisitions, equity markets, investment banking and private banking.

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2019 Women's Council & Awards: Nominees

Custom Content by the Los Angeles Business Journal

Jill Albert Direct Results Anne Alene Art Travel LLC Anne Algaze SAA interiors + architecture Chef Ameera Goli Ameri Startitup Technologies, Inc. Brianna Ancel Clear Talent Group Sahar Andrade, MB.BCh Sahar Consulting, LLC Mona Andrews Stay In The Game, Inc.

Gelt Inc. Buys Denver Apartments

Tarzana firm plans immediate improvements on value-add asset.

Tarzana firm plans immediate improvements on value-add asset.

Friday, June 7

USC, United Airlines Reach New Naming Rights Deal for Coliseum

USC and United Airlines have reached a new naming rights deal for the Coliseum after a previous naming deal ran into controversy, the university announced June 7.

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Silicon Beach Report June 7: SpaceX Preps For $1 Billion Satellite Launch

Former Pets.com executive taking new venture public; Zynga links with Snap; SpaceX launching satellites worth $1 billion for Canada

Revolve Shares Soar on Wall Street Debut

Online fashion retailer Revolve’s share price nearly doubled in Friday's trading session after the company made its debut on the New York Stock Exchange where it raised $211.7 million in an initial public offering.

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Companies Brace for Mexico Tariffs

trade: U.S. importers could face $17B in duties

Tariffs on Mexican produce would drive up costs for restaurants and markets.

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Diversis Launches $255M Fund

Finance: Former ‘fundless sponsors’ plan to focus on middle-market software firms

Diversis Capital Management has closed an inaugural $255 million fund.

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LABJ INsider

Goings-on in L.A.’s business community.

TRUE COLORS

Rochelle Maize I Nourmand & Associates

Nourmand & Associates’ Rochelle Maize makes properties pop for high-end clients.

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Koreatown Parcels Sold

Neighborhood’s multifamily residences draw in developers

Urban Commons nabs Koreatown parcels.

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Automation Arriving at Area Garages

Miracle Mile, Hollywood set for new structures

Developments add automated parking lots.

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Median CEO Pay Rises

Mercer analysis shows 4.7% jump, biggest gain in five years

National CEO pay reaches a five-year high.

Dismay on Pay

Data shows vast gender pay gap for public company CEOs in LA

Gender pay gap at public companies in L.A.

Abrams Takes New Path

MEDIA: Esports shift comes amid Writers Guild standoff

Abrams Artists Agency signing esports clients.

Cadiz Looks to Water Down Bill

Infrastructure: Company’s plan challenged by state legislation

Cadiz Inc. takes a different approach toward legislation that could upend its pipeline project.

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Stadium Status

Construction is now 70% complete on future home for Rams and Chargers in Inglewood

Inglewood’s new stadium is 70% complete, and its iconic canopy is the talk of the town.

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Stone Canyon Buys Reddy Ice

Holding company bolsters product offerings with deal

Stone Canyon Industries buys Reddy Ice.

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Transom Capital Nabs Surveillance Firm Pelco

El Segundo PE firm has been buying and selling rapidly

Transom Capital Group acquired maker of video surveillance systems.

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PLAY PLANS

Toymakers worry China tariffs will disrupt supply chain, hurt business

MGA Entertainment’s CEO says toying with tariffs could hurt the local industry.

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Offices Go Industrial Chic

REAL ESTATE: Warehouse conversions on the rise

Westside startups and creative companies want to work in converted warehouses.

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MedMen CFO Slashes Costs

RETAIL: More layoffs, spending freeze for pot retailer

Cannabis retail chain MedMen’s new CFO tries to snuff out financial woes.

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Endeavor’s UFC in Antitrust Fight

MEDIA: League is now important revenue stream

UFC suit could be a major blow to Endeavor.

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Thursday, June 6

Beyond Meat Q1 Performance Beats Analyst Expectations

Shares for El Segundo-based Beyond Meat Inc. soared more than 15% in afterhours trading after the company beat analysts’ expectations.

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The Executive’s Guide to Purchasing and Using Cyber Insurance

Branded Content From the Los Angeles Business Journal

Cyber insurance is one of the most cost-effective risk management solutions for any organization but all too often, management teams never purchase coverage or fail to effectively use it when a cyber incident is suspected.

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Silicon Beach Report June 6: Google Funds Backstage Accelerator

Bird considers acquiring Scoot; Needham joins Riot Games; Backstage Accelerator supported by Google

True Religion Taps Apparel Consultant as Interim CEO

Vernon-based clothing company True Religion said consultant Farla Efros has been named interim chief executive officer.

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Virgin Orbit Partners With Japan's ANA Holdings

Long Beach-based small satellite launch company Virgin Orbit announced June 6 that it will partner with Japanese firm ANA Holdings to bring Virgin’s LauncherOne rocket launch system to Japan.

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Pacific Ketamine Institute Opens in Beverly Hills

Pacific Ketamine Institute officially opened a ketamine clinic in Beverly Hills June 6.

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Wednesday, June 5

Silicon Beach Report June 5: Atom Tickets COO Joins EZTexting Board

SpaceX retrieves space station supercomputer, Netflix subscription numbers tallied; EZTexting appoints new board member

Video Game Companies Waver on E3

The Entertainment Software Association has called its annual E3 conference, taking place this week at the Los Angeles Convention Center, “the world’s premier event for computer and video games.” But not all game companies see it that way.

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EPA Awards $1 Million in Cleanup Funds to LA Sites

The U.S. Environmental Protection Agency awarded $1.1 million in cleanup funds for several brownfield sites in Los Angeles County, including a former railyard next to the Los Angeles River.

Tuesday, June 4

Silicon Beach Report June 4: Crackle Venture Selects Leadership Team

Sony, CSS Entertainment executives to lead Crackle Plus; Bird branches out; Tencent to distribute Activison’s “Call of Duty” mobile game

Glendale Multifamily Portfolio Sells for $79M

Dana Point-based Raintree Partners purchased seven multifamily properties in Glendale for $79 million.

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LA Sues Coin Dealer Over Sales Practices

Los Angeles City Attorney Mike Feuer sued West Los Angeles coin dealer Lear Capital Inc., alleging the company engaged in deceptive and unfair sales practices.

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Tech Mogul Samueli Gives $100M to UCLA Engineering School

Tech billionaire and UCLA alum Henry Samueli and his wife Susan have made the largest gift ever of $100 million to expand UCLA’s engineering school already bearing the Samueli name, the university announced June 4.

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Barbie maker Mattel will produce Hello Kitty toys

Mattel, the maker of Barbie and Hot Wheels, said Tuesday it will begin producing Hello Kitty & Friends under a licensing agreement with Japan’s Sanrio Inc, immediately boosting its share price.

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Monday, June 3

AirMap Names Former FCC Chairman to Board

Santa Monica-based software developer AirMap Inc. appointed former Federal Communications Commission Chairman Tom Wheeler to its board June 3.

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Silicon Beach Report June 3: Oceanic Mapping Firm Wins XPrize for Robotic Boat

Goncalves to lead WarnerMedia streaming development; SpaceX plans for Mars; Xprize awards oceanic mapping firm $7 million prize

Rexford Buys Two Properties for $35M

Brentwood-based Rexford Industrial Realty Inc. has snapped up two industrial properties for $34.4 million.

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Jam City Hires Disney Veteran to Lead Game Operations

Culver City-based mobile game developer Jam City Inc. brings on Lisa Anderson as vice president of game operations.

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