Stories for September 2019

Monday, September 30

2019 CFO Awards: Nonprofit CFO - Finalists

Custom Content by the Los Angeles Business Journal

Lyle Honig was first introduced to AIDS Healthcare Foundation by way of his consulting background with Arthur Andersen’s Los Angeles office.

2019 CFO Awards: Education CFO - Finalists

Custom Content by the Los Angeles Business Journal

Sunny Istar Lee is Founder, CEO and CFO for Money Masters Kids and Good Life Advisers.

2019 CFO Awards: Government CFO - Finalist

Custom Content by the Los Angeles Business Journal

Ron Galperin is the 19th Controller of the City of Los Angeles, elected in 2013 and again in 2017.

2019 CFO Awards: Private Small Company CFO - Finalists

Custom Content by the Los Angeles Business Journal

Brett Abbey is Mob Scene’s CFO, helping lead the evolution of one of the leading entertainment marketing and production organizations as it diversifies it product offerings and expands its client reach.

2019 CFO Awards: Private Medium Company CFO - Finalists

Custom Content by the Los Angeles Business Journal

Los Angeles Clippers Chief Financial Officer Eric Chan is responsible for leading the organization’s financial operations including establishing and implementing long-range financial strategy, policies and goals and leading financial project management for all Clippers operations.

2019 CFO Awards: Private Large Company CFO - Finalists

Custom Content by the Los Angeles Business Journal

Steve Howe has played a critical role in The Wonderful Company’s rapid growth.

2019 CFO Awards: Public Company CFO - Finalists

Custom Content by the Los Angeles Business Journal

Acertified public accountant who holds a Bachelor of Science degree in accounting from Drexel University in Philadelphia, George L. Ball was appointed Parsons Corporation’s Chief Financial Officer in May of 2008.

2019 CFO Awards: PUBLIC COMPANY CFO OF THE YEAR - PETER HOVENIER

Custom Content by the Los Angeles Business Journal

Peter Hovenier is the CFO at Boingo Wireless, the global leader in connectivity.

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2019 CFO Awards: PRIVATE COMPANY CFO OF THE YEAR (LARGE COMPANY) - ANDREA ZOECKLER

Custom Content by the Los Angeles Business Journal

Andrea Zoeckler is a distinguished leader, specializing in corporate finance, financial operations and controls, and strategic planning.

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2019 CFO Awards: PRIVATE COMPANY CFO OF THE YEAR (MEDIUM COMPANY) - DOUGLAS GOLD

Custom Content by the Los Angeles Business Journal

For more than 30 years, Doug Gold has worked in the functional areas of finance, sales, marketing and operations in industries ranging from banking to software to law.

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2019 CFO Awards: PRIVATE COMPANY CFO OF THE YEAR (SMALL COMPANY) - JANG LEE

Custom Content by the Los Angeles Business Journal

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

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2019 CFO Awards: GOVERNMENT CFO OF THE YEAR - RONNIE CAMPBELL

Custom Content by the Los Angeles Business Journal

Ronnie Campbell has almost 30 years of progressive knowledge and experience in financial management.

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2019 CFO Awards: EDUCATION CFO OF THE YEAR - LANG FREDRICKSON

Custom Content by the Los Angeles Business Journal

Lang Fredrickson is the Chief Financial Officer at the American Film Institute (AFI), an education non-profit that inspires and educates the next generation of filmmakers and honors the heritage of the motion picture industry.

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2019 CFO Awards: NONPROFIT CFO OF THE YEAR - MAMIE FUNAHASHI

Custom Content by the Los Angeles Business Journal

Mamie Funahashi oversees and directs all aspects of Community Partners’ finance and administrative operations.

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2019 CFO Awards: RSM MIDDLE MARKET - SCOTT TURICCHI

Custom Content by the Los Angeles Business Journal

Scott Turicchi oversees all j2 Global merger and acquisitions and public company matters.

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2019 CFO Awards: TRAILBLAZER CFO OF THE YEAR - BRENT NOVAK

Custom Content by the Los Angeles Business Journal

Brent Novak has more than 23 years of corporate finance experience and currently leads Jakks Pacific’s worldwide finance, accounting and tax functions.

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2019 CFO Awards: RISING STAR CFO OF THE YEAR - TYLER PAINTER

Custom Content by the Los Angeles Business Journal

Tyler Painter is the Chief Financial Officer at Fair and has more than 25 years of experience in fiscal management, capital formation and operational execution spanning early stage startups to global S&P 500 companies.

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2019 CFO Awards: LIFETIME ACHIEVEMENT - LOREN SOKOLOW

Custom Content by the Los Angeles Business Journal

Loren Sokolow has in excess of 40 years of experience in the finance and business operations of multiple firms across many industries.

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2019 CFO Awards: Business Succession Planning - Five Strategies to Ensure a Smooth Transition

Custom Content by the Los Angeles Business Journal

Leaving a business in capable hands can take years of forethought, planning, grooming and communication.

2019 CFO Awards: CFOs Predict Global Challenges Ahead

Custom Content by the Los Angeles Business Journal

The majority of CFOs predict a recession by the third quarter of 2020, according to the latest Duke University/CFO Global Business Outlook.

Forever 21 Files for Bankruptcy

Fast-fashion retailer Forever 21 filed for Chapter 11 bankruptcy protection, becoming the latest brick-and-mortar chain brought down by ecommerce competition.

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2019 CFO Awards: What’s My Rate Again? Revisiting the Lending Boilerplate as LIBOR Expires

Custom Content by the Los Angeles Business Journal

For many years, floating-rate loans (whether offered by banks or alternative lenders) have tended to use LIBOR as the interest rate index of choice.

2019 CFO Awards: Survey Shows that C-Suiters are Prioritizing Innovation

Custom Content by the Los Angeles Business Journal

American businesses do not plan on treading water when the next recession hits, according to a new Grant Thornton LLP survey of more than 250 business owners and C-level executives conducted in late June of this year.

Colony Capital to Sell Industrial Platform to Blackstone for $5.9 Billion

Most of the properties included in the sale are in California, Dallas, Atlanta, Florida and northern New Jersey.

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Collectible Company NECA Acquires Loot Crate

Bankrupt gamer and geek subscription box service Loot Crate Inc. has received a lifeline from none other than Elvis Presley, or at least from the King’s marketing company, Elvis Presley Enterprises.

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Special Report: 8 Over 80

Eight octogenarians (and beyond) reveal what they're working on, what about their industries is changing and why they have no desire to retire.

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Friday, September 27

Evil Geniuses Acquires LCS Slot from Echo Fox

Seattle-based esports organization Evil Geniuses will purchase a slot in Riot Games’ “League of Legends” gaming series from Echo Fox.

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Canoo Rolls Out Vehicle Prototype

AUTOS: Startup aims to have electric ‘loft on wheels’ in market by 2021

AUTOS: Startup aims to have electric ‘loft on wheels’ in market by 2021

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CUSTOM CONTENT: Thoughtful Estate Planning – Is It Really Necessary?

Trusted Advisors

The short answer is yes, but it’s not a straight path to the goal. The modern family structure continues to evolve from the Leave It To Beaver days to a more complex version of the Brady Bunch, with blended families made up of stepsiblings, half-siblings, and exes from multiple marriages and non-marital relationships.

Historic Trust Building Sets First Tenant

Newly remodeled site signs architecture firm KTGY

Newly remodeled site signs architecture firm KTGY

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Family Affair

Sibling-powered developer Jamison conquers new territory

Sibling-powered developer Jamison conquers new territory

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LAX Delays Cargo Facility

Airports: Major project pushed back by two years

Airports: Major project pushed back by two years

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LABJ INsider

Take It to the Bridge

Take It to the Bridge

Edward Lawler III, 81

Special Report: 8 Over 80

Edward Lawler III has seen L.A.’s business environment diversify.

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Betye Saar, 93

Special Report: 8 Over 80

For Betye Saar, creativity is contagious

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Robert Maguire III, 84

Special Report: 8 Over 80

Robert Maguire III has made a lasting impact on L.A. — and its skyline.

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Dr. Howard Murad, 80

Special Report : 8 Over 80

Howard Murad went from refugee to skincare king.

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Tight Times

Region’s industrial lease market faces limited supply and surging prices

Region’s industrial lease market faces limited supply and surging prices

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Long Beach Port Turns to Incentives

Initiative follows success of competing LA program

Initiative follows success of competing LA program

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Cost Plus Gets Happy

Return bars offer new customer service option

Return bars offer new customer service option

$20M Project Will Tap Stormwater

Long Beach reclamation site prepares to open

Long Beach reclamation site prepares to open

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Tetra Tech Wins Contract

Government enlists firm to fight ocean pollution

Government enlists firm to fight ocean pollution

Opportunity Zone Space Planned for South LA

Beehive campus expected to attract 20-30 businesses

Beehive campus expected to attract 20-30 businesses

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Airbnb Backs Affordable Housing

Company to fund $25M investment program

Company to fund $25M investment program

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DRAWN TO ANIMATION

Ken Duncan • Duncan Studio

Duncan Studio’s Ken Duncan looks to animation history for inspiration.

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H.F. “Bert” Boeckmann II, 89

Special Report: 8 Over 80

George Rosenthal has lived a life that has exceeded his fantasies

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George Rosenthal, 83

Special Report: 8 Over 80

George Rosenthal has lived a life that has exceeded his fantasies

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Izzy Freeman, 80

Special Report: 8 Over 80

Izzy Freeman stays in business for the people

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Bert Fields, 90

Special Report: 8 Over 80

Bert Fields has represented many Hollywood royalty over the years.

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Hilton Leaves His Mark

REMEMBRANCE: LA icon influenced more than hotels

REMEMBRANCE: LA icon influenced more than hotels

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Thursday, September 26

An Ill-Fated Endeavor: Agency Taps Out of IPO

In the latest blackeye for the IPO market, Endeavor, which owns the Ultimate Fighting Championship, pulled its planned listing on Sept. 26.

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LAX Reports Flat Traffic for August as International Travel Declines

Passenger traffic at LAX was essentially unchanged in August as international traffic continued its downward trend, according to figures released Aug. 26.

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Resnicks Give $750 Million to Caltech for Climate Research

Wonderful Co. owners Stewart and Lynda Resnick announced on Sept. 26 that they will give a record-setting $750 million to Caltech for climate science studies.

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Wednesday, September 25

City of LA Contracts Everbridge for NotifyLA Upgrade

The City of Los Angeles' emergency alert system, NotifyLA, will be upgraded by Pasadena-based technology firm Everbridge Inc. thanks to a new agreement finalized Sept. 23.

NTWRK App Gets $3 Million Boost from Foot Locker

Fairfax-based ecommerce app NTWRK received $3 million from sneaker giant Foot Locker Inc. as part of a $10 million Series A funding round.

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Tuesday, September 24

44. Gary Winnick

Wealthiest Angelenos 2019

Gary Winnick ranks No. 44 on the 2019 Wealthiest Angelenos list.

Monday, September 23

AirMap Acquires Hangar Technology

AirMap Inc., a Santa Monica-based drone flight management software developer, acquired drone automation company Hangar Technology Inc. on Sept. 23.

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Pay to Play: Fees Climb for LA County Businesses

Los Angeles is the costliest city for businesses in LA County and more taxes could be on the way

TAXES: The annual Cost of Doing Business Survey shows just how pricey doing business can be in Los Angeles.

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Clutter Acquires Storage Fox for $152 Million

On-demand storage startup Clutter Inc. paid $152 million to acquire New York-based self-storage outfit Storage Fox.

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Sweetgreen Sets $150 Million Raise

Culver City-based salad chain Sweetgreen raised $150 million, putting its valuation at $1.6 billion.

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Saturday, September 21

2019 Wealthiest Angelenos by Industry and Location

See where the Wealthiest Angelenos of 2019 live and how they built their fortunes.

Friday, September 20

2019 Wealthiest Angelenos by Rank, Age and Gender

See the full list of all 50 Wealthiest Angelenos by rank and charts showing the breakdown by age and gender.

49. Aubrey Chernick

Wealthiest Angelenos 2019

Aubrey Chernick ranks No. 49 on the 2019 Wealthiest Angelenos list.

49. Shawn "Jay-Z" Carter & Beyoncé Knowles-Carter

Wealthiest Angelenos 2019

Shawn "Jay-Z" Carter and Beyoncé Knowles-Carter rank No. 49 on the 2019 Wealthiest Angelenos list.

47. Jeffrey Katzenberg

Wealthiest Angelenos 2019

Jeffrey Katzenberg ranks No. 47 on the 2019 Wealthiest Angelenos list.

47. Jeffrey Gundlach

Wealthiest Angelenos 2019

Jeffrey Gundlach ranks No. 47 on the 2019 Wealthiest Angelenos list.

44. Ray Irani

Wealthiest Angelenos 2019

Ray Irani ranks No. 44 on the 2019 Wealthiest Angelenos list.

44. Vera Guerin

Wealthiest Angelenos 2019

Vera Guerin ranks No. 44 on the 2019 Wealthiest Angelenos list.

42. Richard Alan "Ric" Kayne

Wealthiest Angelenos 2019

Richard Alan "Ric" Kayne ranks No. 42 on the 2019 Wealthiest Angelenos list.

42. Nicolas Berggruen

Wealthiest Angelenos 2019

Nicolas Berggruen ranks No. 42 on the 2019 Wealthiest Angelenos list.

40. John Shea

Wealthiest Angelenos 2019

John Shea ranks No. 40 on the 2019 Wealthiest Angelenos list.

40. Charles Munger

Wealthiest Angelenos 2019

Charles Munger ranks No. 40 on the 2019 Wealthiest Angelenos list.

36. Marc Nathanson

Wealthiest Angelenos 2019

Marc Nathanson ranks No. 36 on the 2019 Wealthiest Angelenos list.

36. Arthur Levine & Lauren Leichtman

Wealthiest Angelenos 2019

Arthur Levine and Lauren Leichtman rank No. 36 on the 2019 Wealthiest Angelenos list.

36. Bruce Karsh

Wealthiest Angelenos 2019

Bruce Karsh ranks No. 36 on the 2019 Wealthiest Angelenos list.

36. George Joseph

Wealthiest Angelenos 2019

George Joseph ranks No. 36 on the 2019 Wealthiest Angelenos list.

34. Gary Karlin Michelson

Wealthiest Angelenos 2019

Gary Karlin Michelson ranks No. 34 on the 2019 Wealthiest Angelenos list.

34. Robert Addison Day

Wealthiest Angelenos 2019

Robert Addison Day ranks No. 34 on the 2019 Wealthiest Angelenos list.

33. Michael Eisner

Wealthiest Angelenos 2019

Michael Eisner ranks No. 33 on the 2019 Wealthiest Angelenos list.

32. Lowell Milken

Wealthiest Angelenos 2019

Lowell Milken ranks No. 32 on the 2019 Wealthiest Angelenos list.

29. Peter Thiel

Wealthiest Angelenos 2019

Peter Thiel ranks No. 29 on the 2019 Wealthiest Angelenos list.

29. David Murdock

Wealthiest Angelenos 2019

David Murdock ranks No. 29 on the 2019 Wealthiest Angelenos list.

29. Neil Kadisha

Wealthiest Angelenos 2019

Neil Kadisha ranks No. 29 on the 2019 Wealthiest Angelenos list.

27. Lynsi Snyder

Wealthiest Angelenos 2019

Lynsi Snyder ranks No. 27 on the 2019 Wealthiest Angelenos list.

27. Antony Ressler

Wealthiest Angelenos 2019

Antony Ressler ranks No. 27 on the 2019 Wealthiest Angelenos list.

25. Geoffrey Palmer

Wealthiest Angelenos 2019

Geoffrey Palmer ranks No. 25 on the 2019 Wealthiest Angelenos list.

25. Michael Milken

Wealthiest Angelenos 2019

Michael Milken ranks No. 25 on the 2019 Wealthiest Angelenos list.

24. Bobby Murphy

Wealthiest Angelenos 2019

Bobby Murphy ranks No. 24 on the 2019 Wealthiest Angelenos list.

23. Alec Gores

Wealthiest Angelenos 2019

Alec Gores ranks No. 23 on the 2019 Wealthiest Angelenos list.

22. Don Hankey

Wealthiest Angelenos 2019

Don Hankey ranks No. 22 on the 2019 Wealthiest Angelenos list.

19. Evan Spiegel

Wealthiest Angelenos 2019

Evan Spiegel ranks No. 19 on the 2019 Wealthiest Angelenos list.

19. Haim Saban

Wealthiest Angelenos 2019

Haim Saban ranks No. 19 on the 2019 Wealthiest Angelenos list.

19. Sumner Redstone

Wealthiest Angelenos 2019

Sumner Redstone ranks No. 19 on the 2019 Wealthiest Angelenos list.

18. Jeffrey Skoll

Wealthiest Angelenos 2019

Jeffrey Skoll ranks No. 18 on the 2019 Wealthiest Angelenos list.

16. Eric Smidt

Wealthiest Angelenos 2019

Eric Smidt ranks No. 16 on the 2019 Wealthiest Angelenos list.

16. Anthony Pritzker

Wealthiest Angelenos 2019

Anthony Pritzker ranks No. 16 on the 2019 Wealthiest Angelenos list.

15. Tom Gores

Wealthiest Angelenos 2019

Tom Gores ranks No. 15 on the 2019 Wealthiest Angelenos list.

14. Travis Kalanick

Wealthiest Angelenos 2019

Travis Kalanick ranks No. 14 on the 2019 Wealthiest Angelenos list.

13. Donald & Rochelle Sterling

Wealthiest Angelenos 2019

Donald & Rochelle Sterling rank No. 13 on the 2019 Wealthiest Angelenos list.

12. Steven Spielberg

Wealthiest Angelenos 2019

Steven Spielberg ranks No. 12 on the 2019 Wealthiest Angelenos list.

11. Edward Roski Jr.

Wealthiest Angelenos 2019

Edward Roski Jr. ranks No. 11 on the 2019 Wealthiest Angelenos list.

10. Rick Caruso

Wealthiest Angelenos 2019

Rick Caruso ranks No. 10 on the 2019 Wealthiest Angelenos list.

9. Steven Udvar-Hazy

Wealthiest Angelenos 2019

Steven Udvar-Hazy ranks No. 9 on the 2019 Wealthiest Angelenos list.

8. Tamara Hughes Gustavson

Wealthiest Angelenos 2019

Tamara Hughes Gustavson ranks No. 8 on the 2019 Wealthiest Angelenos list.

7. Stewart & Lynda Resnick

Wealthiest Angelenos 2019

Stewart & Lynda Resnick rank No. 7 on the 2019 Wealthiest Angelenos list.

6. Eli Broad

Wealthiest Angelenos 2019

Eli Broad ranks No. 6 on the 2019 Wealthiest Angelenos list.

5. John Tu

Wealthiest Angelenos 2019

John Tu ranks No. 5 on the 2019 Wealthiest Angelenos list.

4. David Geffen

Wealthiest Angelenos 2019

David Geffen ranks No. 4 on the 2019 Wealthiest Angelenos list.

2. Patrick Soon-Shiong

Wealthiest Angelenos 2019

Patrick Soon-Shiong ranks No. 2 on the 2019 Wealthiest Angelenos list.

3. Sean Parker

Wealthiest Angelenos 2019

Sean Parker ranks No. 3 on the 2019 Wealthiest Angelenos list.

1. Elon Musk

Wealthiest Angelenos 2019

Elon Musk ranks No. 1 on the 2019 Wealthiest Angelenos list.

Letter from the Publisher

Wealthiest Angelenos 2019

Los Angeles Business Journal Publisher Anna Magzanyan opens the Wealthiest Angelenos 2019 special edition.

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Unemployment Dips in L.A. County as Hiring Picks Up

The unemployment rate declined to 4.4% in L.A. County in August as several sectors reported robust hiring.

Micro-Units Loom Large

REAL ESTATE: Builders, renters trying small apartments

L.A.’s apartment market is thinking small, with micro-units offering an alternative for renters and developers.

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Database Looks to Ease Bid Access

TECH: Portal allows small businesses to connect with billions in opportunities

Los Angeles Area Chamber of Commerce spearheads an effort to create a unified database of contract bid opportunities for local small businesses.

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LABJ INsider

Hey, Big Earners

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

Wealthiest Angelenos: The Gifts of Giving

Wealthy donors are shifting focus to social, environmental causes

Wealthy donors are shifting the focus of their giving, with an eye toward social and environmental causes.

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Wealthiest Angelenos: Media Men

Many entertainment players are riding high, even with changes sweeping the industry

Even with changes sweeping the media industry, the marquee names on this year’s list are riding high.

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Wealthiest Angelenos: Land Lovers

Many of this year’s wealthiest share a common bond: extensive real estate holdings

Many of the members of this year’s Wealthiest list share a common bond: extensive real estate holdings.

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Carmaker Canoo Feels Need for Speed

AUTOMOTIVE: EV startup prepares to unveil first vehicle

Electric vehicle-maker Canoo Inc. is preparing to reveal its first prototype.

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Wealthiest Angelenos: Leader of the Pack

Musk moves into top spot on 2019’s Wealthiest list

The Business Journal’s annual look at the Wealthiest Angelenos features big dollars and big changes.

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2019 Wealthiest Angelenos: Leading Gainers and Decliners

See which of the 2019 Wealthiest Angelenos had the biggest gains or losses.

Bed-Maker Hit by Trade War

TRADE: Commerce company finds itself on a ‘roller coaster’

Tariffs have forced manufacturers like Commerce-based Hollywood Bed & Spring Manufacturing Co. Inc. to find ways to cut costs and remain competitive.

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Olive Hill Group Is Making Moves

Company adds property management, multifamily

Company adds property management, multifamily

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PIE PIPER

Kathy Taggares • KT’s Kitchens Inc.

Kathy Taggares, chief executive of KT’s Kitchens Inc. has a passion for pizza and pups.

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Chinatown Site Opens

LA Plaza Village offers mix of housing and retail

LA Plaza Village offers mix of housing and retail

Thursday, September 19

Kitchen United Raises $40 Million Series B

Pasadena-based Kitchen United, which operates remote kitchen facilities for restaurants, finalized a $40 million Series B raise Sept. 19.

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PlayVS Raises $50 Million

Esports league organizer PlayVS announced Sept. 19 it raised a $50 million Series C to hire more staff and further its reach into amateur esports competitions.

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Rexford Buys Industrial Complex for $66 Million

Brentwood-based Rexford Industrial Realty Inc. purchased an eight-building industrial complex in the South Bay for $66.2 million.

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Special Report: Banking and Finance Quarterly

Profiling two local venture capital firms in Silicon Beach, and their contributions to the local startup ecosystem.

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Hospitality Startup AvantStay Raises $20 Million

3L Capital led the Series A financing round, which AvantStay will use to advance its rental technologies and acquire more properties for clients to rent.

Wednesday, September 18

Disney Plans to Lay Off 130 More Workers

Walt Disney Co. is set to lay off 130 more employees in the wake of its purchase of Fox assets.

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CFO Awards: Financial Professionals Share Top Focus Issues in Survey

Custom Content by the Los Angeles Business Journal

CFOs work closely with CPAs and the collective CPA community has a number of insights that may be of interest.

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CFO Awards: CFO Alliance Releases 2019 Mid-Year Update to CFO Sentiment Study

Custom Content by the Los Angeles Business Journal

No signs of slowdown yet, as middle market continues press to add top talent and additional customers for balance of 2019

CFO Awards: Understanding the Role of a Financial Advisor

Custom Content by the Los Angeles Business Journal

In a society that grows more complex every day, consumers are presented with the constant pressures of family, career, and community responsibilities and personal enrichment.

CFO Awards: CFOs Play a Major Role in Digital Investment Decisions

Custom Content by the Los Angeles Business Journal

Chief Financial Officers are playing a critical role in driving digital disruption across their organizations, according to recent research from Accenture.

CFO Awards: Treasury and Finance Professionals Garnered 3.5% Raises On Average in 2018

Custom Content by the Los Angeles Business Journal

The 2019 AFP Compensation Survey revealed that the typical executive-tier bonus increased 23% from the previous survey

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CFO Awards: Tyler Painter - Blending the Old with the New

Custom Content by the Los Angeles Business Journal

As the Chief Financial Officer at Santa Monica-based vehicle subscription provider Fair, Tyler Painter spends his days blending the old and new—from applying established fiscal management practices within a revolutionary new business model to helping lead institutional capital raises for one of Silicon Beach’s hyper growth companies.

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CFO Awards: Preparing Gen Z Students for the Workforce of the Future

Custom Content by the Los Angeles Business Journal

A senior tech executive from a global firm recently challenged us: “What are you doing to teach students the technologies they will encounter in the real world?”

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CFO Awards: Levels of Reporting for Business Financing

Custom Content by the Los Angeles Business Journal

For any business, a long-term growth strategy is essential for success.

Tuesday, September 17

LASED Announces First Tenants, Inaugural Taylor Swift Concert

The Los Angeles Stadium & Entertainment District announced Sept. 17 the first three tenants for its Inglewood complex set to host the Los Angeles Rams and Chargers football games.

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CFO Awards: Think You’re Getting the Best Result on Insurance Renewals? Think Again!

Custom Content by the Los Angeles Business Journal

Year after year you are delivered proposals for your insurance renewals. In most cases (hopefully), you are provided options from two or three insurance companies.

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Fair Obtains $500 Million Credit Facility

Car leasing startup Fair secured a $500 million loan from Mizuho Bank in the company's third line of credit since July.

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Los Angeles Philharmonic CEO Woods Resigns Abruptly

Simon Woods, chief executive of the Los Angeles Philharmonic Association, resigned abruptly on Sept. 16, according to an announcement from the association’s board.

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CFO Awards: Ronnie Campbell - Taking Metrolink to the Next Level

Custom Content by the Los Angeles Business Journal

Since Ronnie Campbell joined Metrolink in 2016 as Chief Financial Officer, he has re-established trust with the Board of Directors and the five Southern California transportation authorities that govern the agency through excellence in financial accountability.

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CFO Awards: The Current Business Insurance Market - What CFOs Should Know

Custom Content by the Los Angeles Business Journal

Chief Financial Officers are facing another challenging year of managing risk and insurance costs.

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CFO Awards: Maximize the ROI From Your Recruitment Strategy

Custom Content by the Los Angeles Business Journal

This hot, candidate-driven market reminds me of the bubbles of 1989, 2001 and 2007.

CFO Awards: Consumer Products Companies - Your Short and Long Game Toward Growth

Custom Content by the Los Angeles Business Journal

How can you prepare for success when the economy slows or accelerates?

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Monday, September 16

Writers Guild Incumbents Cruise to Victory

Writers Guild of America West members reelect David Goodman as president, a vote of confidence in the union’s battle against talent agencies.

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Two Development Sites in Santa Monica Secure $44 Million Loan

WS Communities has received a $44 million loan to refinance two multifamily development sites in Santa Monica.

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SoFi Gets Naming Rights to Inglewood Stadium

New SoFi Stadium in Inglewood likely to open by July

Stadium construction is 75% complete, and the complex is on track to open in the summer of 2020. SoFi Lending Corp. has secured naming rights in a 20-year partnership with the Rams and Chargers.

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Former Manager of CBS Credit Union Sentenced

Edward Rostohar, 62, of Studio City, has been sentenced to 14 years and one month in federal prison for his involvement in a 20-year embezzlement in which investigators said he stole an estimated $25 million from the now-defunct CBS Employees Federal Credit Union, the Los Angeles Times reported today.

CFO Awards: Today’s CFO - Less Bean Counter, More Strategic Advisor

Custom Content by the Los Angeles Business Journal

The role of the CFO has undergone significant transformation in recent years, allowing companies of all sizes to be more strategic about operations and growth.

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Meetings & Events Guide: IAEE Donates to Volunteers of America

Custom Content by the Los Angeles Business Journal

Marines, Soldiers, Sailors, Airmen and Coast Guardsmen are deployed across the globe, going in harm’s way to preserve and protect our freedom.

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Meetings & Events Guide: Celebrate the Season at L.A. Zoo Lights

Custom Content by the Los Angeles Business Journal

The wildest and most dazzling holiday tradition returns to the Los Angeles Zoo.

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Meetings & Events Guide: Discover an Iconic Hotel in Downtown Los Angeles

Custom Content by the Los Angeles Business Journal

Soon to be celebrating its 100-year anniversary – and having added the ‘Los Angeles Historic-Cultural Monument’ accolade to its mantle – Millennium Biltmore Los Angeles is the grand dame of downtown and this district’s most historic, classic and storytelling hotel.

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CFO Awards 2019 Nominees

Custom Content by the Los Angeles Business Journal

Brett Abbey, Mob Scene, Jennifer Adams, NYDJ Apparel, George Ball, Parsons Corporation, Taylor Ballou, Humana, John Beck, Ritter Pharmaceuticals, Bob Bothamley, DAUM Commercial, Ronnie Campbell, Metrolink, Eric Chan, LA Clippers, Fred Chang, Northwestern Mutual, Linda Chau, Melt On Demand, Gary Cooperman, Health-Ade Kombucha, Russell B. Dean, Palisades Media Group, Jane Eagle, Bel Air Investment Advisors, Ricky Flandez, Winstar Properties, Lang Fredrickson, American Film Institute, Mamie Funahashi, Community Partners, Ron Galperin, Office of the Controller, City of Los Angeles, Laurie Gerber, Blank Rome, Douglas Gold, Mitchell Silberberg & Knupp, Nick Greenko, Tangram Interiors, Nancy Hejran, Clipper Corporation, Ryan Herbert

Meetings & Events Guide: Multiple Options for Beautiful Events Under One Roof

Custom Content by the Los Angeles Business Journal

Host your LA event and entertain your guests at The L.A. Grand Hotel Downtown with 25,000 square feet of beautifully appointed meeting space to choose from – all located on the second floor of the hotel.

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Meetings & Events Guide: Setting a New Standard for Luxury

Custom Content by the Los Angeles Business Journal

Allow JW Marriott Los Angeles L.A. LIVE to set a new standard for luxury.

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Meetings & Events Guide: Events Industry Incorporates Sustainable Standards

Custom Content by the Los Angeles Business Journal

Earlier this year, the Events Industry Council released six new supplier standards for sustainable events for public commentary.

Friday, September 13

Ports See Slowdown

Imports at the San Pedro Bay ports were flat in August while exports slid as the U.S.-China trade war drags on. Imports at the L.A. and Long Beach ports, the nation’s largest hub for Asian trade, were near flat for the second consecutive month.

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Visa Acquires Payment Protection Company Verifi

Mid-Wilshire-based Verifi, which develops software to secure electronic payments for businesses, was acquired by Visa Inc. Sept. 12.

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Charters Face Fresh Limits

EDUCATION: Law could slow launch of new schools

Bill could block charter school operators from expanding in California.

FastPay Makes Big Media Bet

FINANCE: AIG provides $80M infusion for lending push

FastPay Partners to ramp up loans.

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Beauty Apps Ready for Close Up

TECH: But state’s gig worker bill raises questions

Gig economy legislation could pose challenges for beauty apps.

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Relativity Signs Launch Agreement with Momentus

Aerospace startup Relativity Space Inc. will launch satellites built by Santa Clara-based Momentus into space on its 3D-printed Terran 1 rocket, according to a new agreement signed by the two companies Sept. 12.

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Long Beach Seeks Bids

Port looks to add rail line to ease congestion

Port looks to add rail line to ease congestion

A Turbulent Week for WarnerMedia

Company secures Abrams amid shareholder unrest

Company secures Abrams amid shareholder unrest

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Hotel Plans Proliferate in Hollywood

Wilcox Avenue proposal replaces multifamily bid

Wilcox Avenue proposal replaces multifamily bid

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New Stadium, Recession Fears Are Top of Mind

Allen Matkins event attracts brokers and developers

Allen Matkins event attracts brokers and developers

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Tech Giants Take Lead in Leasing

Coworking companies also outpace entertainment sector

Coworking companies also outpace entertainment sector

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Science Projects

Santa Monica venture capital firm seeks out and supports disruption-minded startups

Santa Monica venture capital firm seeks out and supports disruption-minded startups

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A Rare Bird

Hawke Ventures offers funding and media support to help startups take wing

Hawke Ventures offers funding and media support to help startups take wing

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AUTO MOTIVES

Peter Mullin I Mullin Barens Sanford Financial

Peter Mullin shares passion for antique cars, art deco treasures.

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LABJ INsider

Feeling the Heat

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

Mad About Multifamily

Aggressive investors snap up apartment buildings

Aggressive investors snap up apartment buildings

Car Rental Project Kicks Off at LAX

$1 billion consolidated facility to open in 2023

$1 billion consolidated facility to open in 2023

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Thursday, September 12

Albertsons, Vons, Ralphs Grocery Workers Ratify Contract, Get Raise

Grocery workers at Vons, Albertsons, Ralphs and Pavilions in Southern California averted a strike and ratified a three-year contract Thursday, calling it the best deal they've had in three decades.

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Wednesday, September 11

Colony Capital and Zell’s Equity Group Team Up to Provide Capital to Oil and Gas Industry

Los Angeles-based Colony Capital Inc. and Chicago-based Equity Group Investments Inc. announced Sept. 10 a joint venture to provide capital and asset management to the oil and gas industry.

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Tuesday, September 10

Downtown Medical Office Sells for $85 Million

A roughly 147,000-square-foot downtown health care facility, dubbed 3rd Street Medical Center, sold for $85 million.

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El Segundo Manufacturing Building Sells for $84 Million

Brentwood-based GPI Cos. has purchased a manufacturing building in El Segundo for $84 million.

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Who's Building L.A: Study Explores Effect of Big Data on Office Real Estate

Custom Content by the Los Angeles Business Journal

A white paper published by the NAIOP Research Foundation offers insight into the usages and challenges of big data in commercial real estate, particularly in the office sector where the data’s usefulness can be used to both improve a building’s operational efficiencies and attract and retain tenants.

Who's Building L.A: Addressing the Workforce Skills Gap in Construction and CRE-Related Trades

Custom Content by the Los Angeles Business Journal

A shortage of construction and logistics workers has increased the cost of commercial real estate development and has hampered regions’ abilities to remain economically competitive, according to a new report published by the NAIOP Research Foundation.

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Monday, September 9

USC Athletic Director Lynn Swann Resigns

USC Athletic Director Lynn Swann resigned amid an admissions bribery scandal that has rocked the school's athletic department.

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Who's Building L.A: And the Cycle Continues in West Los Angeles

Custom Content by the Los Angeles Business Journal

The dynamic market that is West Los Angeles has gone through a dramatic evolution in this real estate cycle.

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Who's Building L.A: Delivering a Culture of Diversity, Inclusion and Learning

Custom Content by the Los Angeles Business Journal

In a connected society where innovation drives changes and influencers come from all walks of life, it is essential that a firm’s workforce mirrors the communities in which it does business.

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Who's Building L.A: K1 - Manhattan Beach

Custom Content by the Los Angeles Business Journal

K1 is a leading and rapidly growing investment firm focusing on high-growth enterprise software companies globally.

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Who's Building L.A: United Airlines’ Polaris Lounge at LAX

Custom Content by the Los Angeles Business Journal

The United Polaris Club at LAX consists of the build-out of a 12,000-square-foot lounge for United Fist Class Passengers.

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Who's Building L.A: Circa - Downtown

Custom Content by the Los Angeles Business Journal

CIRCA, located across from the Staples Center in downtown Los Angeles is situated on nearly three acres with twin 35 story towers.

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Grocery Workers Union Deal May Avert Strike

Details of the contract weren’t released pending the vote, but union leadership recommended ratification. Results for the vote are expected Sept. 12.

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Investment Group Buys Beverly Hills Courier from Meehan Trust

New owners of the Beverly Hills Courier, the 54-year-old self-described newspaper of record for Beverly Hills, plan to expand.

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Friday, September 6

Metro Awards $25.9M Contract to Team of Women-Led Businesses

INFRASTRUCTURE: Companies will focus on transit connector station near LAX

INFRASTRUCTURE: Companies will focus on transit connector station near LAX

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PS Business Parks Pays $104 Million for Santa Fe Springs Property

Glendale’s PS Business Parks Inc. has acquired Hathaway Industrial Park in Santa Fe Springs for $104 million.

Crystal Clear

Gorjana Reidel I Gorjana Jewelry Co.

Gorjana Reidel, co-founder of Gorjana Jewelry Co.

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New Coffee Brands Bring the Heat

BEVERAGES: Roasters blend innovation, ambition

Third-wave coffee roasters jolt L.A.’s competitive coffee market.

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Lawyer Up

Neville Johnson stares down entertainment’s power players

Entertainment lawyer Neville Johnson talks Netflix, how musicians make money and Richard Simmons.

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Design Begins on Terminal Addition

INFRASTRUCTURE: Concourse will help with passenger connections

INFRASTRUCTURE: Concourse will help with passenger connections

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Ex-CBRE Exec Launches Firm

Real estate: PaxCap plans $1 billion portfolio

Real estate: PaxCap plans $1 billion portfolio

Grocers Prepare for Possible Strike

Ralphs, other chains eye replacement workers

Ralphs, other chains eye replacement workers

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Clearer Skies for Air Lease

AEROSPACE: Company gains despite Max grounding

Air Lease Corp. weathers turbulence after Boeing Co.’s 737 Max planes were grounded.

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Legal Battle for Echo Fox

Judge says investors may be able to act against Fox

Judge says investors may be able to act against Fox

Grand Stand

Downtown’s next mega-project, the $1B Grand, targets a 2021 opening

Downtown’s next mega-project, the $1B Grand, targets a 2021 opening

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LA Museums Line Up for Makeovers

La Brea Tar Pits complex is the latest to join the queue of upcoming culture projects

La Brea Tar Pits complex is the latest to join the queue of upcoming culture projects

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Parking Lots Looking to the Future

Long Beach garage could be converted for other uses

Long Beach garage could be converted for other uses

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L.A. Rising: East Hollywood

SPECIAL REPORT: East Hollywood is getting its time in the spotlight.

East Hollywood is getting its time in the spotlight.

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Thursday, September 5

Koreatown Building Sells for $189 Million

Off the Market: Apartment complex Next on Sixth sold for more than double what it cost to build.

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Wednesday, September 4

AEG Extends Contract to Host Emmys

LA Live’s Microsoft Theater will host the Emmy Awards through at least 2022, according to a Sept. 3 announcement by Anschutz Entertainment Group Inc.

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SRAX Raises $5.5 Million to Fuel European Expansion

Advertising technology software firm SRAX Inc. announced Tuesday it will bring its product offerings to Europe, an expansion made possible by the closing of an Aug. 12 equity worth $5.5 million.

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Long Beach On The Rise: Long Beach: A City Rich in Diverse and Dynamic Neighborhoods

Custom Content by the Los Angeles Business Journal

Long Beach, a city rich in history and diversity, boasts an eclectic and dynamic mix of neighborhoods… each with a story to tell.

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Long Beach On The Rise: Long Beach’s World Wonders and National Novelties

Custom Content by the Los Angeles Business Journal

Long Beach has many unusual and fun places to visit. From the world’s largest mural of ocean wildlife to the thinnest house in the country, here are some interesting Long Beach locations.

Long Beach On The Rise: Specialized Care…Just for Kids

Custom Content by the Los Angeles Business Journal

About one in 20 hospitals in the U.S. is a children’s hospital, making them as unique as their mission: treating infants, children and teens.

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Long Beach On The Rise: A New Experience Awaits at Long Beach’s Iconic One World Trade Center 24-Hour

Custom Content by the Los Angeles Business Journal

Exciting changes are underway at One World Trade Center in downtown Long Beach.

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Long Beach On The Rise: Long Beach City College’s School Year Starts Strong

Custom Content by the Los Angeles Business Journal

There’s no better time to become a Viking at Long Beach City College! A lot is happening at LBCC, including two tuition-free years for qualifying Long Beach Unified School District students, and the return of the trades. Why LBCC?

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Long Beach On The Rise: The Future of Health Care is at MemorialCare Long Beach Medical Center

Custom Content by the Los Angeles Business Journal

As a nonprofit, MemorialCare Long Beach Medical Center is continuously re-investing in ourselves to meet the growing health care needs of our community on a regional scale.

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Tuesday, September 3

Faraday Future Finds New Chief Executive

The chief executive of Gardena-based electric vehicle developer Faraday and Future Inc. has vacated his post, according to a statement the company made Sept. 3.

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Long Beach On The Rise: The Queen Mary Offers Uniquely Memorable Event Experiences for Groups of all Sizes

Custom Content by the Los Angeles Business Journal

The Queen Mary, permanently berthed in Long Beach, boasts over 42,000 square feet of meeting space, including 14 Art Deco salons which makes it one of the most unique social gathering and celebration destinations in Southern California.

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Pop Star Ariana Grande Sues Forever 21 for $10 Million

Pop superstar Ariana Grande sued teen retailer Forever 21 for $10 million, accusing the struggling chain and its beauty company of using her likeness to sell their products without authorization.

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Long Beach On The Rise: Trendsetter - A Living Case Study

Custom Content by the Los Angeles Business Journal

Not all convention centers are created equal and that’s certainly the case when it comes to the Long Beach Convention & Entertainment Center.

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Long Beach On The Rise: The Port of Long Beach - Economic Engine, Green Growth For The Future

Custom Content by the Los Angeles Business Journal

Your neighbor, the Port of Long Beach, is the premier U.S. portal for trans-Pacific trade and a trailblazer in innovative goods movement, safety, environmental stewardship and sustainability.

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Monday, September 2

Record Revenues for B. Riley Drive Up Stock

FINANCE: Acquisitions, liquidation of apparel stores contribute to gains.

FINANCE: Acquisitions, liquidation of apparel stores contribute to gains.