Stories for April 2020
Thursday, April 30
Molina to Buy Magellan Managed Care Unit for $820 Million
Molina Healthcare Inc. has agreed to buy the Magellan Complete Care managed health care unit for $820 million in cash.
Mental Health In The Workplace: How Employers Can Support Their Greatest Asset
CUSTOM CONTENT
According to the National Institute of Mental Health, Nearly 47 million people in the U.S. have experienced a mental health condition, yet more than half of these individuals are not receiving care or treatment.
Wednesday, April 29
Capricor Shares Surge on Test Results for Covid-19 Treatment
Shares of Capricor Therapeutics Inc. surged 253% on April 29 after testing a drug to potentially treat Covid-19 patients.
Tuesday, April 28
American Film Institute Receives $3 Million Gift
Trustee Emeritus Lawrence Herbert has gifted the American Film Institute $3 million to establish an alumni center on the school's Hollywood Hills campus.
Scopely Acquires Developer PierPlay
Growing publisher acquires development studio
Scopely Inc., a Culver City-based mobile game publisher and developer, announced April 28 that it has acquired PierPlay, a game development studio based in Culver City.
Monday, April 27
Saudi Fund Takes $500 Million Stake in Live Nation
Fund acquires 12 million shares through common stock purchase.
King & Spalding Hires 12 Partners from Boies Schiller
King & Spalding has lured away 12 partners from Boies Schiller Flexner.
Executive Insights
Business leaders reflect on inspiring and leading teams in the safer-at-home era.
2020 Hospitality Special Report
Service, Interrupted
The Business Journal looks at how hotels and restaurants are adapting during a time of unprecedented challenges.
FaZe Clan Raises $40 Million
Iovine, Ntwrk lead Series A funding round
FaZe Clan Inc., a Hollywood-based esports and entertainment company, announced it has raised $40 million in Series A funding.
Pumping the Brakes
After a sudden shift, LA’s office market is no longer moving at top speed
The Los Angeles office market was cruising in high gear — until the coronavirus hit. See the most recent top 10 office property sales in L.A. County.
Boost Connects Buyers With Sellers
Startup helps complete transactions through texts
Boost Inc., a Calabasas-based ecommerce startup, is trying to reach modern shoppers using a new approach that employs some familiar technology.
Miso Seeking $30 Million Round
Robotics company turns to crowdfunding platform
Miso Robotics Inc., a Pasadena-based robotics and artificial intelligence company, is seeking to raise a $30 million Series C through crowdfunding on the SeedInvest platform.
Lenders Brace for New PPP Funds
Second round puts focus on needs of smaller firms
Local lenders are gearing up for the next round of the Paycheck Protection Program.
Wavemaker Plans Health Care Fund
Venture firm expecting to raise up to $100 million
Health care venture firm Wavemaker Three-Sixty Health is stepping up the timeline for its latest fund in response to what it calls a pandemic-driven “surge in demand for all things health care innovation.”
UMG Hits $1.9 Billion Mark
Subscriptions, streaming lift music giant’s earnings
Santa Monica-based Universal Music Group reported a strong financial performance for the first three months of this year, appearing to be largely unscathed by the effects of the coronavirus pandemic.
Panorama Group Bets on Housing for Seniors
Company plans to develop multiple properties in LA
Despite current economic concerns, some developers are still betting big on senior housing.
BLT Buys Hollywood Properties
Company pays $20 million for two creative office sites
Santa Monica-based BLT Enterprises has acquired two Hollywood properties for a combined $20 million.
PressList Gives Brokers a PR Lift
Publicity service offers way to boost coverage for listings
Malibu-based real estate public relations company Lion & Orb Inc. is launching PressList, a publicity service that agents and brokers can use for their listings.
Special Deliveries
Ghosts kitchens offer restaurant brands fresh opportunities and reduced costs
Ghost kitchens are rapidly growing in popularity as more people turn to delivery, and they're expected to be a nearly $76 billion industry by the end of 2022.
Room at The Inns
Plunging occupancy rates rock the hotel industry
One of the sectors hit hardest by the coronavirus has been the hotel industry, which has found itself facing record-high vacancies at a time of canceled travel plans and safer-at-home orders.
LABJ Insider
Helping Hands
Read this week's column from Los Angeles Business Journal Editor Scott Robson for goings-on in L.A.'s business community.
Stockdale Capital Sets $550 Million Fund
Company plans to aggressively pursue commercial opportunities
Westwood-based Stockdale Capital Partners recently secured a $550 million real estate opportunity fund called SCP Real Estate Opportunities Fund I.
Royalties Reign for Create
Service has earned $100 million for artists
Jonathan Strauss and Alexandre Williams founded Create Music Group to change how royalties are paid to artists and musicians.
Disney Leads Pack of Industry Cutbacks
Production companies, talent agencies also turn to downsizing
Walt Disney Co.’s recent announcement that it will stop paying more than 100,000 employees represents the latest blow to entertainment industry workers in a continuing wave of cuts, furloughs and layoffs spawned by the Covid-19 crisis.
Oil Price Drop Hits Businesses
Companies close wells and slash production
The sudden collapse in oil prices has roiled the local oil industry, prompting producers to start shutting down wells, oil well service companies to lay off staff and refineries to reduce operations.
Multifamily Portfolio Brings $102 Million
Collection covers 26 properties in LA
A 26-property multifamily portfolio with 642 units has sold for $102 million.
Social Firm Symplur Is Acquired
W2O buys medical analytics company
Pasadena-based Symplur, a health care social media analysis company, has been acquired by digital marketing firm W2O Group of San Francisco.
Rebel Girls Turns the Page
Small publisher finds best-selling formula
A rebel’s approach to the rules of book publishing seems to be working for Elena Favilli, founder and chief executive of Rebel Girls, a Santa Monica-based independent publishing house.
Snap Planning $750 Million Offering
Reports surge in earnings and users
Snap Inc. announced a $750 million debt offering the day after reporting a jump in first-quarter earnings and daily active users.
Pasadena Project Secures $35 Million Loan
Condo conversion development expected to open in 2021
A 48-unit condominium project in Pasadena has received a $34.5 million construction loan.
Friday, April 24
City of Hope Receives Grant for Covid-19 Study
A research team at Duarte-based City of Hope has received a $750,000 grant to conduct a clinical study into a Covid-19 treatment.
Top Women Attorneys in Los Angeles: Michele Mulrooney
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Michele Mulrooney is chair of Venable’s West Coast Tax and Wealth Planning Practice. She focuses her practice on estate planning for high-net-worth individuals, including actors, directors, writers, producers, and artists.
Top Women Attorneys in Los Angeles: Tritia Murata
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Co-chair of Morrison & Foerster’s Employment and Labor Practice Group, Tritia Murata is a true star in the California labor and employment market.
Top Women Attorneys in Los Angeles: Pooja S. Nair
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Pooja S. Nair is a business litigator and a problem solver. She is the head of Ervin Cohen & Jessup’s Food and Beverage practice group. She handles a comprehensive range of employment issues including compliance, internal investigations, and litigation.
Top Women Attorneys in Los Angeles: Dayna Nicholson
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Dayna Nicholson’s outstanding dedication and commitment to ensuring that her clients’ patients receive high quality healthcare has made her a change agent in her field. A self-described “evaluator,” Nicholson delivers clear and accurate assessments of the healthcare legal landscape in the context of each client’s unique situation, supporting them so they can focus on innovating and improving patient care.
Top Women Attorneys in Los Angeles: Arameh O’Boyle
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Arameh Zargham O’Boyle, member at Mintz, is a trailblazer and is the first female partner in the firm’s growing Los Angeles office. In her 15 years of practice, O’Boyle has become one of the most sought after attorneys that product innovators and manufacturers in the pharmaceutical, medical device, personal care and cosmetic sectors rely on when faced with potential or actual litigation.
Top Women Attorneys in Los Angeles: Abigail O’Brient
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Abigail (Abby) O’Brient is a top-rated bankruptcy attorney practicing at Mintz in the firm’s Los Angeles office. She maintains a wide-ranging insolvency and litigation practice focused on representation of secured and unsecured creditors in bankruptcy cases and other insolvency proceedings in California and nationwide.
Top Women Attorneys in Los Angeles: Doreen Marie Olson
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Doreen Marie Olson is a California Certified Family Law Specialist, a designation earned by an elite group of attorneys.
Top Women Attorneys in Los Angeles: Diana Palacios
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Diana Palacios’ subject matter expertise in Latin America entertainment and strong belief in First Amendment litigation has made her an immutable force within the media industry.
Top Women Attorneys in Los Angeles: Stacy D. Phillips
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Stacy Phillips is one of the country’s most well-known and respected family law practitioners, handling primarily high net worth and high profile divorce, custody, and domestic violence cases.
Top Minority CPAs in Los Angeles: Professionals Weigh in on the Importance of Diversity
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Bloomberg Tax recently released a survey of more than 400 tax and accounting professionals regarding the state of diversity and inclusion within accounting firms and corporate tax and accounting departments.
Top Women Attorneys in Los Angeles: Alison Plessman
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Alison Plessman, a co-founder of Hueston Hennigan LLP, has established herself as a top litigator, representing clients in high-stakes matters, including trade secret theft, mass torts, breach of contract and professional negligence matters, and white collar defense.
Top Women Attorneys in Los Angeles: Robyn Polashuk
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Robyn Polashuk has more than 20 years of experience in network distribution, both as a lawyer for Lifetime Television as well as in private practice, currently as co-chair of Covington’s Communications and Media Industry Group.
Top Women Attorneys in Los Angeles: Bronwyn F. Pollock
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Mayer Brown partner Bronwyn Pollock is one of California’s leading complex civil litigators, trusted by companies such as Bird Rides, First American Title and Caliber Home Loans to handle important and novel cases that test new legal theories, including some that cut to the heart of a company’s business model.
Top Minority CPAs in Los Angeles: Diversity of Thought Makes a Better Business Advisor
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Increased ROI and better business outcomes are the result
Top Minority CPAs in Los Angeles: GILBERT R. VASQUEZ
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Gilbert R. Vasquez has served as managing partner of Vasquez & Company since its founding in 1981 and oversees the firm’s direction, strategic planning, administration, marketing and major account management.
Top Minority CPAs in Los Angeles: ELIZABETH VU
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Liz Vu is a senior audit manager at Armanino LLP and is a first-generation Vietnamese-American.
Top Minority CPAs in Los Angeles: There’s More to the CARES Act than the Paycheck Protection Program
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On March 27, 2020, President Trump signed into law H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
Top Women Attorneys in Los Angeles: Jennifer Post
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Jennifer Post serves as the managing partner of Thompson Coburn’s LA office. A corporate and securities attorney, Post serves as primary outside counsel to a variety of individuals, institutions and companies, including entrepreneurs, startups and investors, as well as domestic and international public companies.
Top Minority CPAs in Los Angeles: JOHN TAM
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John Tam is a partner at RSM US LLP and leads the firm’s Los Angeles International Tax Practice and the firm’s West Region inbound practice.
Top Minority CPAs in Los Angeles: GARRETT USHIYAMA
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Garrett Ushiyama is a partner in the Audit and Assurance Department of CohnReznick’s Los Angeles office, and leader of the firm’s Commercial Real Estate Industry Practice in the West Region.
Top Minority CPAs in Los Angeles: MARCO VALVERDE
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Marco Valverde has been with Moss Adams since the start of his career and has practiced public accounting since 2004.
Top Women Attorneys in Los Angeles: Hilary Potashner
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Hilary Potashner is a partner at Larson O’Brien LLP. She is a skilled courtroom advocate with a wealth of experience and expertise. Potashner has tried dozens of cases to verdict and has argued before the United States Court of Appeals for the Ninth Circuit.
Top Women Attorneys in Los Angeles: Sahara Pynes
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The modern workforce is a legal minefield.
Top Women Attorneys in Los Angeles: Laura Reathaford
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Laura Reathaford joined Lathrop GPM’s Los Angeles office and Labor & Employment team in September of 2019, tasked to lead the Employment & Labor practice group’s strategic West Coast growth plan.
Top Women Attorneys in Los Angeles: Angela Reddock-Wright
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Apracticing attorney for nearly 25 years, Angela Reddock-Wright is regarded as a “go-to” attorney and human resources professional when it comes to any issues dealing with the workplace.
Top Women Attorneys in Los Angeles: Naeun Rim
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Naeun Rim is a seasoned trial lawyer who specializes in white-collar criminal defense and complex business litigation. She has secured acquittals, dismissals, and favorable sentencing results in a multitude of criminal matters and won arbitrations and secured multi-million dollar judgments in civil cases.
Top Women Attorneys in Los Angeles: Candice Rogers
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Candice Rogers is a member of Hahn & Hahn’s litigation practice group. She practices primarily in the area of family law including premarital agreements, postnuptial agreements, dissolution of marriage, property division, custody and support. She is a Certified Family Law Specialist, certified by The State Bar of California Board of Legal Specialization, skilled in handling complex family law matters.
Top Women Attorneys in Los Angeles: Whitney Jones Roy
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Whitney Jones Roy is the co-chair of Sheppard Mullin’s Environmental Litigation Team and served for eight years as the Office Managing Partner in the firm’s Los Angeles Office.
Top Women Attorneys in Los Angeles: Sarina Saluja
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Apartner with Fisher Phillips in Los Angeles, Sarina Saluja is a true business partner for her clients, maintaining a thriving legal practice and working side-by-side with employers of all sizes through a variety of employment law issues.
Top Women Attorneys in Los Angeles: Misty M. Sanford
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Misty M. Sanford is a partner in the Los Angeles office of Munger, Tolles & Olson, where she maintains a thriving real estate and land use practice, representing some of the world’s leading institutional investors, private equity firms, developers, multi-national corporations, REITs, foundations, non-profits and individual entrepreneurs.
Top Women Attorneys in Los Angeles: Jessica Sharron
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Jessica Sharron is a partner in Alston & Bird’s Construction & Government Contracts Group, where she represents clients in myriad industries in both litigation and transactional matters.
Top Women Attorneys in Los Angeles: Monica J. Shilling
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Monica Shilling understands what it takes for clients to create opportunities. She enjoys bringing her creativity and experience to clients as they navigate complex mergers & acquisition and capital markets transactions.
Top Women Attorneys in Los Angeles: Katy Spillers
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Becoming a partner at Greenberg Glusker early in her career, Katy Spillers has continued to impress by handling many of the firm’s most interesting corporate matters.
Top Women Attorneys in Los Angeles: Julia B. Strickland
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As co-chair of Stroock’s national Litigation Department, a member of Stroock’s Executive Committee and chair of its Financial Services Litigation, Regulation and Enforcement Group, Julia Strickland is often the first attorney called when a financial services company needs anything from practical guidance to a fierce defense of a contentious and high-stakes litigation matter, as well as for counseling on federal or state regulatory compliance and the full range of matters arising from lending and servicing, retail banking, real estate and unfair and deceptive practices.
Top Women Attorneys in Los Angeles: Ellia M. Thompson
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At the end of 2009, after developing expertise in land use and planning law, Ellia Thompson decided to open her own small firm dedicated to representing developers, business owners, and property owners in overcoming the regulatory, environmental, and political obstacles to property use and development.
Top Women Attorneys in Los Angeles: Vivian Lee Thoreen
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Vivian Lee Thoreen is the executive partner of Holland & Knight’s Los Angeles office and chairs the firm’s national Private Wealth Services Dispute Resolution Team.
Top Women Attorneys in Los Angeles: Nicole Rodriguez Van Dyk
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Nicole Rodriguez Van Dyk has continued to demonstrate a knack for solving some of the most complex and intricate legal problems on behalf of her clients.
Top Women Attorneys in Los Angeles: Tanya Viner
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Tanya Viner’s practice focuses on mergers and acquisitions, representing both the buyer and seller in large complex transactions ranging from the sale of closely held family businesses to transactions in excess of a billion dollars.
Top Women Attorneys in Los Angeles: Jenifer Wallis
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Jenifer Wallis brings more than 14 years of legal experience, working in a law firm with more than 70 attorneys who represent clients in three of the fastest growing tech economies in the U.S.
Top Women Attorneys in Los Angeles: Pamela Kohlman Webster
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Pamela Kohlman Webster is the Chief Financial Officer and Executive Vice President of Buchalter.
Top Women Attorneys in Los Angeles: Donna L. Wilson
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In June 2018, Donna Wilson was elected to serve as Manatt, Phelps & Phillips, LLP’s CEO and managing partner, a role that officially began in July the following year.
Top Women Attorneys in Los Angeles: Courtney Wright
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Courtney Wright is a partner in Alston & Bird’s Los Angeles office. She focuses her practice on the areas of real estate finance and the capital markets.
Top Women Attorneys in Los Angeles: Debra Wong Yang
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Debra Wong Yang has spent the past decades honing a practice where she is breaking through barriers and practicing where the law is just emerging.
Top Women Attorneys in Los Angeles: Ashley Yeargan
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Ashley Yeargan has quickly become one of the go-to litigators for individuals and small companies in the entertainment industry.
Covid-19 Shutdowns Slow Film and TV Production
On-location filming in greater Los Angeles is down more than 18% so far in 2020 and continues to fall as a result of the coronavirus pandemic, according a report released April 23 by FilmLA.
Top Minority CPAs in Los Angeles: NICOLE STAN
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Nicole Stan is a director in CohnReznick’s Woodland Hills office with 15 years of experience in public accounting.
Top Minority CPAs in Los Angeles: SATPAL NAGPAL
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Satpal Nagpal is Green Hasson Janks’ Audit Practice leader with more than 15 years of experience providing audit, accounting and business consulting services.
Top Minority CPAs in Los Angeles: LIZBETH NEVAREZ
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Lizbeth Nevarez has more than ten years of public accounting experience providing tax and consulting services and leads Green Hasson Janks’ Nonprofit Tax Practice.
Top Minority CPAs in Los Angeles: ANANT PATEL
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Anant Patel has over 25 years of public accounting experience and leads both the Green Hasson Janks Consulting Practice and Transaction Advisory Practice and is a member of the Executive Committee for the firm.
Top Women Attorneys in Los Angeles: Courtney McNicholas
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Senior Trial Lawyer Courtney McNicholas advocates relentlessly on behalf of law enforcement whistleblowers.
Top Minority CPAs in Los Angeles: SHREEDHAR KOTHARI
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Shreedhar (Shree) Kothari is a shareholder at Gumbiner Savett Inc. He is the leader of the Audit and Accounting department, as well as a member of the Executive Committee at the firm.
Top Women Attorneys in Los Angeles: Nina Marino
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Nina Marino’s complex litigation and white collar crime practice is national and international.
Top Women Attorneys in Los Angeles: Ann Marie Mortimer
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At the cutting edge of class action litigation, Hunton Andrews Kurth’s Ann Marie Mortimer is one of the premier attorneys in Los Angeles and statewide, handling an impressive volume of high-profile complex business, data security, false advertising, unfair competition, environmental tort claims and related litigation risk from regulatory investigations for some of the nation’s largest public and private companies.
Top Minority CPAs in Los Angeles: SUSAN LEE
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Susan Lee is a tax partner and the Food & Beverage industry leader at RSM’s Los Angeles office.
Top Minority CPAs in Los Angeles: KARLA CHAVEZ LUNA
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Karla Chavez Luna works with privately held companies, trusts and estates, and high-net-worth families and their entities in a variety of industries, including manufacturing, retail, professional services, and entertainment.
Top Women Attorneys in Los Angeles: Dana Lowy
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Founding partner Dana Lowy represents high net worth men and women in all types of family law matters, from Prenuptial and Postnuptial Agreements to marital dissolution actions, protecting her clients’ financial interests while also considering the emotional aspects that often arise.
Top Women Attorneys in Los Angeles: Suann MacIsaac
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Suann MacIsaac, partner at leading entertainment law boutique Kinsella Weitzman Iser Kump & Aldisert, is widely regarded as one of the top attorneys in her field for her representation of high-profile clients.
Top Women Attorneys in Los Angeles: Bethany Gayle Lukitsch
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After lawmakers passed the California Consumer Privacy Act (CCPA) in 2018, McGuireWoods Los Angeles partner Bethany Lukitsch became a go-to adviser for companies trying to determine whether the law applies to them and how they should prepare for the law’s Jan. 1, 2020, implementation.
Top Women Attorneys in Los Angeles: Irene Y. Lee
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Irene Lee is a partner at Russ August & Kabat, where she focuses her practice on all aspects of intellectual property, including patent, trademark, trade secret, copyright, and IP licensing.
Top Women Attorneys in Los Angeles: Margaret Lodise
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Margaret Lodise has established an impressive reputation in her 32-year career for handling some of the most complex and high-dollar trusts and estates disputes through trial and appeal.
Top Women Attorneys in Los Angeles: Amy Lally
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Amy Lally is the global co-leader of Sidley’s Consumer Class Action practice and has built her reputation as one of the leading consumer class action lawyers in the country through her successful defense of some of the largest companies in the consumer products and services industries, including Burlington, CVS, Newegg, Saks and Charter Communications.
Top Women Attorneys in Los Angeles: Janet Kwuon
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Janet Kwuon is a partner in Reed Smith’s Los Angeles office. She defends clients in complex (often multi-plaintiff) tort and commercial disputes litigation in state and federal courts.
Top Women Attorneys in Los Angeles: Linda Kornfeld
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Linda Kornfeld is one of the nation’s most prominent insurance recovery attorneys, representing corporate policyholders in high-stakes litigation for more than 25 years.
Top Women Attorneys in Los Angeles: Yukiko Kojima
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Yukiko Kojima offers clients unique experience with highly innovative alternative delivery strategies for large-scale infrastructure projects in the U.S. because of her deep knowledge of national best practices as well as Canada’s mature P3 market.
Top Women Attorneys in Los Angeles: Christiane Kinney
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Christiane Kinney started out as a musician before she became a music attorney and advocate for other artists.
Top Women Attorneys in Los Angeles: Candice E. Kim
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Impressive successes in client service, community involvement, and leadership are all highlights of Candice Kim’s notable past year of achievement.
Top Women Attorneys in Los Angeles: Christianne Kerns
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Christianne Kerns is the managing partner of Hahn & Hahn LLP.
Top Women Attorneys in Los Angeles: Sarah Kelly-Kilgore
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As administrative partner of Greenberg Gross LLP’s Los Angeles office, Sarah Kelly-Kilgore is regularly called upon to represent clients in the firm’s most high-profile matters, including a groundbreaking gender discrimination lawsuit against Ogletree, Deakins, Nash, Smoak & Stewart, P.C.; a blockbuster trade secrets lawsuit against ridesharing giant Uber Technologies, Inc.; and civil and criminal matters involving entertainer Bill Cosby.
Top Women Attorneys in Los Angeles: Shawn Holley
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Shawn Holley, partner at preeminent entertainment litigation boutique Kinsella Weitzman Iser Kump & Aldisert, routinely represents top entertainment talent in highly publicized cases.
Top Women Attorneys in Los Angeles: Mira Hashmall
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Mira Hashmall is an experienced litigator who represents clients in all phases of litigation, from pre-litigation counseling to appellate proceedings.
Top Women Attorneys in Los Angeles: Marissa Román Griffith
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Akin Gump Los Angeles partner Marissa Roman Griffith is a recognized leader, groundbreaker and influential player in the media and entertainment sector.
Top Women Attorneys in Los Angeles: Samantha Grant
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Samantha Grant, partner at Sheppard Mullin, is the first woman of color ever elected as Chair-Elect of the ABA Section of Labor and Employment Law and assumes the role of chair in August of this year.
Top Minority CPAs in Los Angeles: Publisher's Letter
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With the obstacles we all face (as individuals, families, communities and businesses) during this challenging time battling the coronavirus, we are relying on our trusted advisers more than ever.
Top Women Attorneys in Los Angeles: Publisher's Letter
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With the obstacles we all face (as individuals, families, communities and businesses) during this challenging time battling the coronavirus, we are relying on our trusted advisers more than ever.
Top Women Attorneys in Los Angeles: Nicole Gordon
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Nicole Gordon is a partner at The Sohagi Law Group in Los Angeles, advising public agencies on complex environmental and land use planning matters at the administrative, trial, and appellate level.
Top Women Attorneys in Los Angeles: Kate Gold
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With over 25 years of experience representing clients in a range of industries, including entertainment, financial services, aerospace and healthcare, across all areas of employment law, Kate Gold is a seasoned litigator and trusted advisor.
Top Women Attorneys in Los Angeles: Patricia L. Glaser
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Patricia Glaser is head of Glaser Weil’s Litigation Department and tops the short list of trial attorneys in the nation sought after for high-stakes litigation.
Top Women Attorneys in Los Angeles: Deborah J. Fox
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Deborah Fox is a Principal in the Los Angeles office of Meyers Nave.
Top Women Attorneys in Los Angeles: Bonnie E. Eskenazi
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While Bonnie Eskenazi had an early interest in theater as a teenager, she also enjoyed studying politics and law.
Top Women Attorneys in Los Angeles: Kathryn F. Edgerton
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A key member of Nelson Hardiman’s Regulatory Compliance and Transactional practice groups, Kathryn F. Edgerton has built a significant practice advising hospitals, physician organizations, long-term and behavioral health providers, telemedicine providers, home health providers, medical spas, and other health-related organizations on the complex transactional and regulatory issues impacting the healthcare industry.
Top Women Attorneys in Los Angeles: Elizabeth Dubeck
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A leader in O’Melveny’s Project Development and Finance Practice, Liz Dubeck regularly manages multidisciplinary legal teams on high profile, complex project finance and development transactions.
Top Women Attorneys in Los Angeles: Kanika Corley
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Clients turn to Kanika Corley for strategic counsel and risk assessment when contemplating major business decisions, including anticipated litigation.
Top Women Attorneys in Los Angeles: Michelle Cooke
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Over the course of 27 years, Michelle Cooke, leader of Manatt, Phelps & Phillips, LLP’s intellectual property protection and enforcement practice, has established herself as the go-to attorney for companies facing complex, multijurisdictional trademark disputes.
Top Women Attorneys in Los Angeles: Vicki Chou
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Vicki Chou is Of Counsel and a key member of the White Collar and Investigations team at Hueston Hennigan.
Top Women Attorneys in Los Angeles: Candace Carlo
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Candace Carlo, partner at Kleinberg Lange Cuddy & Carlo LLP, has a unique entertainment law practice that spans motion pictures, television, and music.
Top Women Attorneys in Los Angeles: Jennifer Woo Burns
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Jennifer Burns has served as in-house and outside employment counsel for auto dealer groups, which provides her with a grounded perspective in handling employment-related compliance matters.
Top Women Attorneys in Los Angeles: Jennifer M. Broder
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With a diverse practice that intersects corporate and securities law and includes advising a range of high-profile clients, Jennifer M. Broder is widely recognized as a rising star in law.
Top Women Attorneys in Los Angeles: Celeste Brecht
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Celeste Brecht has accomplished more before the age of forty than many lawyers do in their entire career.
Top Minority CPAs in Los Angeles: ALFRED KO
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Alfred Ko is a director for Risk Advisory Services at RSM US LLP and has over 16 years of experience in business process analysis and general IT control assessments and f
Top Minority CPAs in Los Angeles: IRENE KLING
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Irene Kling has practiced public accounting since 2004. She specializes in providing tax consulting and compliance services, particularly partnership and limited liability company taxation.
Top Minority CPAs in Los Angeles: ALBERT JANG
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After graduating from the University of California, Santa Barbara and completing the Columbia Business School Digital Business Leadership Program, Albert Jang joined Kim & Lee,
Top Minority CPAs in Los Angeles: KASH HUSSAIN
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Kash Hussain is the assurance partner in charge of CohnReznick’s Los Angeles offices and leads the Technology & Media industry practice for the firm in Southern California.
Top Minority CPAs in Los Angeles: VELMA CORONADO
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After graduating from USC, Velma Coronado joined Armanino where she is now a manager in the Business Management Group and works closely with family offices and other high net worth individuals and their closely held entities.
Top Women Attorneys in Los Angeles: Kimberly Branscome
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Kimberly Branscome has established herself as a sought after trial lawyer in high-stakes product liability and mass tort cases.
Top Minority CPAs in Los Angeles: KAMI COHEN
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Kami Cohen has worked in public accounting for more than 20 years and specializes in financial statement audits for employee benefit plans and labor organizations.
Top Minority CPAs in Los Angeles: CHERYL CALHOUN
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AManaging Director in the CBIZ MHM Los Angeles office, Cheryl Calhoun brings more than 30 years of experience and expertise to all facets of the entertainment industry, with a particular emphasis in film and television.
Top Minority CPAs in Los Angeles: PRADEEP BUDHIRAJA
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Pradeep Budhiraja is a shareholder and the quality control officer at Gumbiner Savett Inc. He has helped startup companies navigate through the daunting process of initial public offerings.
Top Women Attorneys in Los Angeles: Koren Bell
Custom Content by the Los Angeles Business Journal
Koren L. Bell is a partner at Larson O’Brien LLP. She is an experienced trial and appellate lawyer with a record of success litigating high-stakes cases.
Wednesday, April 22
L.A. County Unemployment Could Hit 32% in May, Estimate Says
Los Angeles County’s unemployment rate could surge to a record high 32% by May, according to an estimate released by the Los Angeles County Economic Development Corp.
Tuesday, April 21
HBO Max Sets New Launch Date
AT&T’s WarnerMedia announced a May 27 launch date for its new streaming service HBO Max.
OriginClear Moves HQ to Texas From DTLA
OriginClear Inc., a downtown water treatment technology business, has moved its corporate headquarters to the company's manufacturing site in McKinney, Texas.
Monday, April 20
Orthopedics and Sports Medicine Focus: Protect Your Knees and Joints while Exercising
Custom Content by the Los Angeles Business Journal
Earlier this year, top health and fitness professionals named HIIT, or high-intensity interval training, among the top five fitness trends for 2020.
Orthopedic and Sports Medicine Focus: Comprehensive Orthopedic & Sports Medicine Care in the San Gabriel Valley
Custom Content by the Los Angeles Business Journal
For those who lead an active lifestyle, an injury can be more than just a painful reminder of how aging affects everyday life.
Orthopedic and Sports Medicine Focus: Alleviating Pain while Reducing Opioid Use
Custom Content by the Los Angeles Business Journal
To help physicians safely and effectively alleviate pain and encourage optimal opioid stewardship in patients following surgery, the American Society of Anesthesiologists (ASA) and the American Academy of Orthopaedic Surgeons (AAOS) last month released the Pain Alleviation Toolkit.
Orthopedic and Sports Medicine Focus: Helping Kids Grow Well and Play Well
Custom Content by the Los Angeles Business Journal
As the largest provider of pediatric orthopaedics on the west coast focused solely on musculoskeletal conditions and injuries in children, Orthopaedic Institute for Children never stops its pursuit of helping kids “grow well and play well.”
Orthopedic and Sports Medicine Focus: Avoiding Injuries at Home while Sheltering in Place
Custom Content by the Los Angeles Business Journal
With shelter in place restrictions across the nation, social distancing may be the best option to protect your health in this current climate.
Wealth Management: A Roundtable Discussion 2020
Custom Content from The Los Angeles Business Journal
Describe the current investment environment and what you consider to be the best investment approach, in general terms?
Wealth Management: A Roundtable Discussion
Custom Content by the Los Angeles Business Journal
Describe the current investment environment and what you consider to be the best investment approach, in general terms?
Wooden to Depart Tourism Board
CEO will retire at the end of June
Ernest Wooden Jr. will retire at the end of June as president and chief executive of the Los Angeles Tourism and Convention Board.
Live Nation to Cut Costs by $500 Million
Promoter also secures $120 million revolving credit facility loan
Live Nation Entertainment Inc. has taken significant steps to boost its financial condition.
LAX Posts Sharp Drop in Traffic
Car rental, storefront operators also hit hard in early April
The Covid-19 crisis is taking a severe toll on every aspect of business at Los Angeles International Airport.
LABJ Insider
Seasons on the Brink
Read this week's column from Los Angeles Business Journal Editor Scott Robson for goings-on in L.A.'s business community.
LA Car Dealers Get Green Light
City clarifies, OKs resumption of online car sales
Confusion about the intent of Mayor Eric Garcetti’s revised Safer at Home order prompted some 70 auto dealers with Los Angeles addresses to cease all sales for weeks while other retailers pivoted to ecommerce.
Puzzles Help Stores Pick Up the Pieces
Demand is soaring for jigsaws at local toy shops
Jigsaw puzzles are “the new toilet paper,” according to Jill Wahlquist, vice president at Tom’s Toys.
Retail Process Remains Stalled
Costs piling up as applicants await licenses
At 10 a.m. on Sept. 3, more than 200 people signed into an online application for L.A.’s latest round of cannabis business licenses.
Common Cause
Michael Milken devotes his resources to combat Covid-19
Michael Milken is directing Milken Institute resources to battle the Covid-19 crisis.
Executive Insights
In the midst of headlines about layoffs and shutdowns, L.A. business leaders seem to be ramping up.
Inglewood Plaza Sells for $29 Million
Joint venture acquires retail center from CIM Group
A joint venture has purchased Inglewood Plaza, a 98,000-square-foot retail center, for $29 million.
Rexford Adds Azusa Property
Fully leased industrial site fetches $15.5M
Despite concerns in the marketplace caused by Covid-19, some companies are still buying commercial real estate.
Universe Holdings Has Eye on Silver Linings
Multifamily specialists expect buying opportunities
Century City-based Universe Holdings Development Co. says the coronavirus pandemic may impact the acquisition tear it’s been on this year, but it will not derail the company’s strategy.
Closings, Layoffs Mounting in LA
Filings by manufacturers show a sharp increase
The state Employment Development Department has processed more than 1,240 notices announcing temporary layoffs and closures since February.
Guess Enacts Severe Cuts
Retailer rolls out staff furloughs, store closures
Guess Inc. is implementing several measures to help mitigate the impact of the Covid-19 pandemic.
Trader Joe’s Boosts Worker Safety
Grocer expands cleaning efforts, offers bonuses
Measures implemented by Trader Joe's last week include temporary closure of seven stores where crew members have tested positive for Covid-19, including locations in West Los Angeles, Encino and South Pasadena.
Needed Shifts From Supplements
Startup broadens approach to cover health and wellness
Just as Brentwood-based startup Needed wrapped two years of development and began marketing its first product — a nutrition supplement for women of childbearing age — Covid-19 hit, prompting the company onto a different path.
Dermavant Drug Enters New Phase
Psoriasis treatment ready for large-scale testing
Dermavant Sciences Ltd. of Long Beach has completed patient enrollment for a Phase 3 trial of a therapeutic cream to treat the skin disease psoriasis, the company said.
ScaleHealth Launches Innovation Partnership
Bioscience incubator expands to Orange County, rebrands
The operator of a bioscience incubator in Palms has taken on a new name, ScaleHealth, and has expanded into Orange County through a partnership with the La Palma-based Innovation Institute.
Smoke Signals
Most cannabis businesses are experiencing a virus-driven surge
This spring has been a rollercoaster ride for many cannabis dispensaries in Los Angeles.
S&P Slashes Rating for Endeavor
Debt enters junk bond territory
S&P Global has dropped its rating for Endeavor Operating Co. and Endeavor’s subsidiary, WME IMG Holdings, to the middle of the junk bond range and called into question the firm’s future viability.
Soon-Shiong Sets Sights on Virus
Hospital, companies look to treatments
Patrick Soon-Shiong, the billionaire biomedical entrepreneur and owner of the Los Angeles Times, has moved on two fronts to fight the Covid-19 pandemic in recent weeks.
Friday, April 17
SpaceX Sets Date for First Manned Launch
NASA announces launch date for manned SpaceX flight to the International Space Station.
Riot Games Acquires Hypixel Studios
Riot Games acquires Canadian video game developer Hypixel Studios.
County Unemployment Rate Jumps to 6.3% in March
L.A. County’s unemployment rate surged to 6.3% in March as the area felt the initial impact of the Covid-19 pandemic.
Thursday, April 16
Former Echo Fox Investor Launches Gaming Network
Venture capitalist Stratton Sclavos has launched Players Ntwrk, a digital gaming and entertainment network operated by Vision Esports Inc., a company he created and privately funded.
Wednesday, April 15
Molina Scraps $50 Million Deal to Buy NextLevel Health
Molina Healthcare Inc. has called off its deal to buy Chicago Medicaid managed care insurer NextLevel Health Partners Inc. for $50 million.
Tuesday, April 14
S&P Slashes Endeavor’s Credit Rating
Company’s debt hits junk bond level
S&P Global has dropped its rating for Endeavor Operating Co. and Endeavor’s subsidiary, WME IMG Holding, to the middle of the junk bond range and called into question the firm’s future viability.
True Religion Files for Bankruptcy
Manhattan Beach-based clothing retailer True Religion Apparel Inc. filed for bankruptcy protection on April 13 for the second time in less than three years.
Peacock Attracts Top Advertisers Ahead of Rollout
NBCUniversal’s new Peacock streaming service has landed marquis advertisers Verizon, Subaru, L’Oreal, Molson Coors and Capital One ahead of its April 15 rollout.
Monday, April 13
Meetings & Events Guide: Plan Ahead for an Unforgettable Event at the Zoo
Custom Content by the Los Angeles Business Journal
https://labusinessjournal.com/MeetingsandEventsApril13/
Meetings & Events Guide: Westin Bonaventure Hotel & Suites: A Legendary Venue
Custom Content by the Los Angeles Business Journal
Set in the heart of downtown, The Westin Bonaventure Hotel & Suites, Los Angeles radiates an elegance that has attracted U.S. Presidents, dignitaries and stars of television and film.
Meetings & Events Guide: NOOR Events Bring the Magic to Old Town Pasadena
Custom Content by the Los Angeles Business Journal
This dramatic event venue in the historic heart of Old Town Pasadena has the power to elevate any occasion and surround it in magic. Voted “best of” by the readers of Pasadena Weekly nine years in a row (2011-2019),
OriginClear Sets Offering
Water company will use $20M plan for deals, debt
Downtown-based water treatment company OriginClear Inc. has received the green light from regulators for its sale of roughly $20 million in preferred stock.
Stem Hits the Right Notes for Artists
Music payment platform provides advance funds
Many Los Angeles musicians and talent managers have had their finances upended by the coronavirus lockdown. Some are stepping up requests for advances on future revenue, which they can do through Stem's platform.
Extreme Makeover
Tech and media companies have reshaped LA’s leasing market
Tech and media firms have been on a leasing tear in recent years, signing leases for millions of square feet in greater Los Angeles.
Pray.com Answers Call for the Digital Faithful
Platform reports traffic boost from lockdown
Pray is among a fortunate handful of companies whose businesses have actually benefited from the statewide shutdown. The platform's monthly active users grew 50% from February to March.
King Harbor Sale Is Set
Redondo Beach site spans 36 acres
The leasehold interest for King Harbor Marina in Redondo Beach has sold, further cementing the city as one of Los Angeles County’s hottest markets.
Pasadena Office Site Sells for $78 Million
Tetra Tech among tenants at complex
Pasadena Corporate Park is a three-building complex spanning 260,000 square feet.
Quibi Rolls Out With Mixed Results
CEO Whitman ‘excited’ by launch
Quibi, the brainchild of DreamWorks Animation founder Jeffrey Katzenberg, made its debut April 6 with 300,000 downloads in the United States and Canada.
Positive News Boosts Molina to Record High
Analyst upgrade lifts insurer
While markets have swooned in recent weeks, shares of Long Beach insurer Molina Healthcare Inc. surged to an all-time high April 8 after an analyst raised its rating two notches to the equivalent of a “buy” and news that Sen. Bernie Sanders, I-Vt., was ending his presidential bid.
LABJ Insider
Behind the Masks
Read this week's column from Los Angeles Business Journal Editor Scott Robson for goings-on in L.A.'s business community.
Ports See Significant Traffic Decline
March cargo volume plunges 31% at Port of LA, dips 6% at Long Beach
Cargo volume at both local ports was down as expected in March, but the Port of Los Angeles experienced a more severe dip in traffic.
Brands Churn Out Masks
Toy, garment makers pitch in
Last month’s shutdown of all nonessential retail businesses has halted or slowed operations at manufacturing plants across Los Angeles County, so they're reconfiguring their production to make protective equipment that’s currently in short supply.
Tap Trailer Brings Bubbles
Sisters roll out Champagne room on wheels
Jennifer and Nicole Disotell spent 10 years running their own digital marketing company before launching another business that is also a family affair: Tap Trailer Co., home of the Bubble Tap Trailer.
Patients Turn to Telehealth
Companies experience a surge in demand
Local telehealth companies, experiencing a big boost in both hospital clients and patients, are rapidly adjusting their business models to seize the opportunity as the impact of Covid-19.
Special Report: Real Estate Quarterly — Q1 2020
After years of sustained growth, the Los Angeles real estate market finds itself entering a period of uncertainty. Here's how people in real estate are moving forward.
Los Angeles County Real Estate Market, 1st Quarter 2020
Submarket Data Summary
Quarterly highlights from every submarket of L.A. County in the Real Estate Quarterly Special Report.
Taking Off Again
Once dependent on aerospace, El Segundo has diversified and thrived
Office stock in El Segundo — best known as an aerospace hub and for its Chevron refinery — is surging as other industries are moving into the area.
Betting on Industrial
Category looks well-positioned to weather the coronavirus storm
The coronavirus may slow Southern California’s industrial real estate market, but industry executives say it’s unlikely to derail the booming category.
Services Helping Teachers, Students
Cornerstone, TutorMe offer courses, guidance
Several Los Angeles tech businesses have stepped up to assist the thousands of students and educators across the United States who are adapting to virtual classrooms amid coronavirus-driven school closures.
Allset Raises $8M Series B
Restaurant app developer to expand in key markets
Playa Vista-based restaurant app developer Allset Technologies Inc. said it has raised $8.25 million in a Series B funding round led by the European Bank for Reconstruction and Development in London.
Thursday, April 9
Prime Healthcare Gets OK to Buy St. Francis Medical Center for $350 Million
Ontario-based Prime Healthcare Inc. has received approval to purchase St. Francis Medical Center in Lynwood from bankrupt Verity Health System for more than $350 million.
Traffic Drops and Terminals Close at LAX
A sharp drop in passenger traffic has prompted steep reductions in the number of flights and the closure of terminals at LAX.
CUSTOM CONTENT: Children Are At Risk - It's Up to All of Us to Protect Them
Reality of current health crisis affecting those most vulnerable
Just days after schools, child care, and after-school programs closed, child abuse reports across California drastically decreased. This is not good news -- it is cause for deep concern. Vulnerable children at risk of abuse are “sheltering at home,” possibly under extremely difficult conditions.
Ghost Kitchens Venture Plans Extensive Hiring
C3 will add 500 jobs across LA
C3, the brainchild of Beverly Hills-based SBE, mall giant Simon Property Group Inc. and hospitality company Accor, is hiring for more than 500 jobs in L.A.
Wednesday, April 8
SpaceX Cargo Capsule Returns from Space Station
SpaceX completes its 20th commercial resupply service mission.
Curry Joins Loeb & Loeb
Entertainment lawyer James Curry joins Loeb & Loeb.
Tuesday, April 7
LA Consumer Sentiment Plunges in First Quarter
L.A. consumer confidence plunged in the first quarter to a record low as the impact of Covid-19 began to be felt.
Monday, April 6
Multifamily Portfolio Fetches $22 Million
Beverly Grove apartment buildings total 60 units
A portfolio of four multifamily properties with a total of 60 units in Beverly Grove has sold for $22.4 million.
Virus Forces Brokers to Get More Creative
Listing agents turn to virtual tours and 3D images
Top residential real estate agents in Los Angeles are trying to find ways of selling properties while people are observing the “safer at home” ordinance.
Torrance Site Sells for $74 Million
Rent-subsidized senior property will be renovated
A 180-unit multifamily property in Torrance, the Golden West Tower, has sold for $74 million.
LA Enlists Port Chief
Garcetti enlists Seroka to join Covid-19 battle
Port of Los Angeles Executive Director Gene Seroka picked up additional duties last week when he was named the city’s new logistics officer by Mayor Eric Garcetti.
Pain at the Pump for Gas Stations
Plunging demand hurts United Pacific, others
The stay-at-home orders imposed to combat the Covid-19 pandemic have cut demand in half at local gas stations, even as the average price for a gallon in Los Angeles County dips to $3.32.
Work Begins at LAX
Crews pour first concrete for car rental facility
Construction crews in March completed the first concrete pour for the foundation of the $1 billion consolidated car rental facility east of LAX.
Major Projects Remain on Track
Work for LAX, Metro is considered essential
While work has shut down across much of the region as shelter-in-place restrictions have taken hold, construction on several of the area’s largest infrastructure projects has mostly continued apace.
Stream Teams
As viewers turn to streaming, content companies turn to LA
Although some of the companies may be headquartered elsewhere, the heart and soul of entertainment’s streaming video industry lives and thrives in Los Angeles.
Sanitizer Production Boosts Local Distillers
Businesses race to keep up with demand
For L.A. distillers, a quick pivot to producing hand sanitizer instead of crafting small-batch spirits made civic and, they hope, business sense.
City National Says No to Layoffs
Bank also plans $2 million donation
Downtown-based City National Bank has joined a host of global financial institutions in promising to avoid layoffs in the face of the coronavirus crisis.
Soon-Shiong Bids for St. Vincent
Seeks to reopen Westlake hospital
Patrick Soon-Shiong has submitted an offer to buy the recently shuttered St. Vincent Medical Center in Westlake for $135 million.
WeHo Site Sells for $21 Million
Retail property sits on Melrose Ave.
Century City-based real estate investment company Blatteis & Schnur Inc. purchased a West Hollywood retail property for $20.6 million.
Bird Rides, ZipRecruiter Slash Teams by One-Third
Slowdown prompts businesses to scale back
Two high-flying Santa Monica-based companies each cut about one-third of their workforces, totaling nearly 900 people, in response to the coronavirus pandemic.
Venues Top List of Virus-Fueled Layoffs
Arenas, stadiums and casino among businesses hit hard by furloughs
The first wave of furloughs reported to the state’s Employment Development Department includes 9,591 workers from 36 companies in Los Angeles County.
Prime Coastal Site Sells in Redondo
Mixed-use development is expected to replace aging power plant
AES Corp. has sold a prime 51-acre coastline site in Redondo Beach to a private developer.
LABJ Insider
Helping Hands
Read this week's column from Los Angeles Business Journal Editor Scott Robson for goings-on in L.A.'s business community.
Hearthy Offers Healthy Fare
Alternative flour maker sees gains in market
The recent shortage of all-purpose flour has forced some consumers to reach for Hearthy Foods’ non-grain options.
MGM Plays Waiting Game
Delay to Bond film causes concern
MGM had hoped its latest Bond film would ease its financial concerns this month but it was forced to delay the release until November.
Medical Companies Quickly Pivoting
LA firms seeking ways to fight virus
As the coronavirus pandemic rages, many local biomedical and health care companies are rapidly turning their businesses toward fighting Covid-19.
Loaded for Bear
Private equity firms ready for the worst, look for the best during the market’s downturn
Private equity firms have been forced to rethink their strategies nearly overnight, searching for ways to survive — and thrive — amid the current market's uncertainty.
Diversity Drivers
LA-based PE firms lead the way — and reap the rewards — with new approaches
Many private equity firms have come to embrace the notion that achieving ethnic diversity and gender balance is vital to their long-term competitiveness.
2020 Private Equity Special Report
LA’s private equity firms are charting a new course in turbulent times
Our timely special report on L.A.’s private equity scene takes a close look at how some of the city’s top firms are acting and reacting now, and how they’re positioning themselves for the uncertain times ahead.
Staying Sharp
Elicia Castaldi I Girl with Knife
Girl with Knife founder Elicia Castaldi brings an edge to her stationery company and her sense of fashion.
Thursday, April 2
Virgin Orbit to Make Ventilators for Covid-19 Patients
Virgin Orbit will start making a "bridge ventilator" for partially recovered Covid-19 patients at its Long Beach manufacturing facility.
Wednesday, April 1
WarnerMedia Names Jason Kilar CEO
New WarnerMedia CEO Jason Kilar will oversee streaming service HBO Max, launching May 1.
