Stories for August 2020

Monday, August 31

Herbalife Settles Chinese Bribery Case for $123 Million

Herbalife Nutrition Ltd. has agreed to pay $123 million to settle federal charges that it bribed Chinese officials.

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Who's Brokering Los Angeles: Stephanie Younger

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Stephanie Younger’s results-driven approach, integrity and honesty have earned her top-producer status, as well as the hard-earned respect of her clients and colleagues.

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Labor & Employment: A Roundtable Discussion

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Laws providing for leaves of absence related to and COVID-19, such as the federal Families First Coronavirus Response Act and the Los Angeles worker protection and emergency sick leave laws, have been prominent this year.

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Who's Brokering Los Angeles: Larry Young

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This year marks Larry Young’s 32nd year selling real estate in Los Angeles.

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Who's Brokering Los Angeles: Michael Williamson

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A native Angeleno, Michael Williamson has seen the evolution of the Los Angeles real estate market over the past 40 years first hand.

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Who's Brokering Los Angeles: Branden and Rayni Williams

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Dynamic husband-and-wife real estate team Branden and Rayni Williams are the co-founders of Williams & Williams Estates Group in Beverly Hills.

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Who's Brokering Los Angeles: Konstantine Valissarakos

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Konstantine Valissarakos boasts a notable career that spans over 30 years. He has built a strong portfolio of high net-worth and celebrity clientele and sold over $1 billion in real estate, with an emphasis on historic and architecturally significant estates in Beachwood Canyon, Bronson Canyon and Los Feliz.

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Who's Brokering Los Angeles: The Umansky Team

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The Umansky Team is known as one of LA’s leading real estate teams and one of the most successful in the country.

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Who's Brokering Los Angeles: Tracy Tutor

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With almost 20 years of experience, Tracy Tutor is one of the top agents at Douglas Elliman Beverly Hills and is an integral part of its Sports & Entertainment division.

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Who's Brokering Los Angeles: David Solomon and Anna Solomon

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The Solomon Property Group consistently rank in the Wall Street Journal’s annual list of top 250 agents in the United.

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Who's Brokering Los Angeles: JILL EPSTEIN

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Jill Epstein has been a successful high-end real estate agent in the Los Angeles market for over 30 years, and has been a consistent top producer at Nourmand & Associates since joining the brokerage, closing over half a billion dollars throughout her illustrious career.

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Who's Brokering Los Angeles: MICHAEL EDLEN

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Michael Edlen’s name is synonymous with Pacific Palisades and Westside real estate. He is highly regarded and recognized as “the” expert for buyers, sellers, developers, appraisers, other realtors and news outlets.

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Who's Brokering Los Angeles: TIM DURKOVIC

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Tim Durkovic specializes in residential purchases and sales with an innovative way of doing business that sets him apart from his competitors.

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Who's Brokering Los Angeles: Marc and Sara Shevin

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In the local real estate market, Marc and Sara Shevin are highly recognized, top-producing agents who are renowned by colleagues and clients alike for their integrity, loyalty, and professionalism.

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Who's Brokering Los Angeles: TRACY DO

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A true Southern Californian, Tracy Do spent her childhood in Orange County, then moved to Los Angeles and graduated from USC.

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Who's Brokering Los Angeles: IRENE DAZZAN-PALMER

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Irene Dazzan-Palmer, named the “Queen of Coastal Real Estate” by Malibu Magazine, is known for her sterling reputation, 30 years of real estate experience and over $5 billion in career sales.

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Who's Brokering Los Angeles: Stephen Shapiro

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Stephen Shapiro has worked in the prime Los Angeles real estate market for over 40 years where he began working with Stan Herman and created Stan Herman, Stephen Shapiro and Associates.

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Who's Brokering Los Angeles: Michelle Schwartz

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A founding member of The Agency, Michelle Schwartz has been in the industry since 2010 and has since developed a thriving business with an even focus on Los Angeles’ Westside and the Valley.

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Who's Brokering Los Angeles: Heather T. Roy and Learka Bosnak

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Heather Roy and Learka Bosnak work with clients in sales and purchases throughout the Los Angeles area and advise as clients expand their real estate holdings outside of L.A. to markets like New York, Aspen and London.

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Rocket Lab Makes Successful Return to Flight

Long Beach-based Rocket Lab USA Inc. made a successful return to flight on Aug. 30 following a failed mission in July.

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Colony Capital Issues $113 Million Repurchase Offer

Downtown-based real estate investment company Colony Capital has offered to repurchase any or all of its outstanding 3.875% convertible senior notes due in 2021.

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Big-Box Retailers Increase Hiring in LA as Demand Surges

Several big-box retailers — including Target Corp., Walmart Inc., Home Depot Inc., Costco Wholesale Corp. — have posted substantial sales increases since the pandemic hit in March.

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Who's Brokering Los Angeles: Billy Rose

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The Agency’s president and co-founder, Billy Rose has negotiated and structured deals for high net-worth and celebrity clients for 35 years; first, as an entertainment and real estate lawyer, then as a motion picture agent, and, after first building a successful real estate design and development practice, now as a broker.

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Who's Brokering Los Angeles: Eli Karon

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Eli Karon has had continued success in the competitive Los Angeles real estate market since obtaining a broker’s license at the age of 23.

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Who's Brokering Los Angeles: Ash Rizk

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Ash Rizk, a Coldwell Banker Global Luxury Property Specialist affiliated with the Arcadia office of Coldwell Banker Realty, was earlier this year ranked in the top 10 based on gross commission income for 2019 among sales associates/representatives throughout North America in the Coldwell Banker system.

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Who's Brokering Los Angeles: Ed Kaminsky

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The leader of America’s #50 real estate team according to Real Trends, Ed Kaminsky began 2020 confident that his 2019 sales volume of $200 million would easily be eclipsed.

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Who's Brokering Los Angeles: Joyce Rey

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The Joyce Rey Team led by Joyce Rey, a Coldwell Banker global luxury property specialist affiliated with the Beverly Hills office of Coldwell Banker Realty, has earned the distinguished achievement of ranking No. 2 within the medium size category of the top real estate teams in California by the REAL Trends America’s Best Real Estate Professionals report.

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Who's Brokering Los Angeles: Sally Forster Jones

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Sally Forster Jones is one of the top real estate brokers in Southern California and has closed more than 5000 transactions totaling $7 billion in career sales.

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Who's Brokering Los Angeles: Stephen Resnick and Jonathan Nash

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With nearly two decades of experience specializing in the sale of estates in Beverly Hills, Bel-Air, Hollywood Hills, West Hollywood, and Malibu, the Resnick & Nash Group have compiled an impressive sales record landing them in the top 1% of agents in the Los Angeles area, making them one of the most successful real estate teams at Hilton & Hyland.

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Who's Brokering Los Angeles: JEFF HYLAND

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Jeff Hyland is a real estate expert, architectural historian and the co-founder and President of Hilton & Hyland.

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Who's Brokering Los Angeles: Kurt Rappaport

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Kurt Rappaport’s last 12 months volume was more than $984 million, including a $120 million sale of the Petra Eccelstone estate and the $100 million sale of Ron Meyers’ Malibu estate.

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Entertainment Payroll Startup Wrapbook Raises $4 Million

Entertainment payroll and insurance platform TakeOne Network Corp., doing business as Wrapbook, has raised $3.6 million in seed funding.

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Who's Brokering Los Angeles: David Parnes and James Harris

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James Harris and David Parnes are not only among the most successful brokers in Los Angeles, but the entire United States.

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Who's Brokering Los Angeles: Tami Pardee

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Fifteen years after reimagining what she thought a real estate brokerage should look like — prioritizing client service, have agents working together versus competitively, source experts in niche support roles to create more business opportunities – Tami Pardee’s Halton Pardee team has sold nearly $4.6 billion worth of residential and commercial real estate.

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Who's Brokering Los Angeles: LISA HUTCHINS

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Lisa Hutchins, a Coldwell Banker global luxury property specialist affiliated with the Hancock Park office of Coldwell Banker Realty, has been named one of the top real estate agents in California by the REAL Trends America’s Best Real Estate Professionals report.

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Who's Brokering Los Angeles: Juliette Hohnen

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One of the top realtors in Los Angeles, Juliette Hohnen has parlayed her relationships internationally, on both coasts, and in the entertainment business into an unstoppable and unique real estate selling machine. long with her polished sales skills, tough negotiating style,

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Who's Brokering Los Angeles: Melissa Oliver and Paul Ferra

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Melissa Oliver and Paul Ferra of the Oliver Ferra Team, a husband and wife team of affiliate agents with the Topanga office of Coldwell Banker Realty, was ranked as the number one team at Coldwell Banker Realty’s Malibu Colony, Malibu West and Topanga offices.

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Who's Brokering Los Angeles: Rick Hilton

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A groundbreaker in luxury real estate and the co-founder and Chairman of Hilton & Hyland, Rick Hilton has set the record for brokerage sales in both Malibu and Brentwood.

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Health Care Panel & Awards: Anthem Blue Cross Leads the Fight to Restore Health Equity

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Significant health inequities continue to persist across California and the entire nation.

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Health Care Panel & Awards: Publisher's Letter

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During “normal” times, it’s hard to think of a more complex and challenging road than that of the health-related business sector.

Who's Brokering Los Angeles: JAMES (JIMMY) HECKENBERG

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Jimmy Heckenberg is one of the youngest well-recognized real estate agents in both the Beverly Hills and Westside areas. His top producing team, The Heckenberg Realty Group, distinguishes itself from others through an unyielding reliability in everything they do.

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Who's Brokering Los Angeles: David Offer

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For over 28 years, David Offer has proudly built his real estate career one satisfied client at a time.

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Who's Brokering Los Angeles: Emil Hartoonian

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As one of the top producing agents in Calabasas and greater Los Angeles, Emil Hartoonian is truly passionate about the lifestyle Calabasas and the neighboring Hidden Hills community have to offer.

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Who's Brokering Los Angeles: Myra Nourmand

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As one of the only owners/principals of a boutique luxury real estate brokerage in the country, Myra Nourmand clearly exists in a league of her own.

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Who's Brokering Los Angeles: Leah Guerra

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Leah Guerra is a broker associate with Keller Williams Hollywood Hills.

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Who's Brokering Los Angeles: Jon Grauman

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As a LA native, Jon Grauman is intimately familiar with the city where he has spent his entire life. He boasts over 17 years of experience as a realtor, developer and (formerly) mortgage broker, and as such, he understands every facet of the real estate business

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Who's Brokering Los Angeles: Michael Nourmand

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

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Who's Brokering Los Angeles: Zach Goldsmith

Since joining Hilton & Hyland in 2007, Zach Goldsmith has consistently been named in the Top 10 Power Agents for completing some of the largest sales in Los Angeles.

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Who's Brokering Los Angeles: Marc Noah

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A Los Angeles native known amongst clients and colleagues alike for his professionalism, integrity and dedication to delivering a superior level of customer service, Marc Noah is consistently ranked as one of Los Angeles’ most respected top producing realtors.

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Who's Brokering Los Angeles: Ginger Glass

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Ginger Glass is a licensed broker in California with a track record of more than 550 real estate transactions and $1.5B in sales.

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Who's Brokering Los Angeles: Jade Mills

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International luxury ambassador Jade Mills, Beverly Hills’ leading real estate professional, achieved a total sales volume of $369.9 million in 2019 and was recognized by Coldwell Banker with the Society of Excellence Award for 2019, which fewer than 1% of affiliated agents nationwide earned.

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Who's Brokering Los Angeles: Tomer Fridman

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With over $3 billion in career sales, and breaking the $400 million mark for closed sales in a single year, Tomer Fridman continues to be ranked as one of America’s Best Real Estate Agents by Wall Street Journal/ Real Trends.

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Who's Brokering Los Angeles: Janice McGlashan

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Janice McGlashan, a Coldwell Banker global luxury property specialist affiliated with the La Cañada Flintridge office of Coldwell Banker Realty, leads The McGlashan Group, recently ranked by in the Top 10 Small Teams with one to three members based on gross commission income for 2019 throughout North America in the Coldwell Banker system.

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Who's Brokering Los Angeles: Steve Frankel

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Steve Frankel, a Coldwell Banker global luxury property specialist affiliated with the Beverly Hills office of Coldwell Banker Realty, was recently ranked in the Top 10 based on gross commission income for 2019 among sales associates/representatives throughout North America in the Coldwell Banker system

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Who's Brokering Los Angeles: Linda May

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Over the last three decades, Linda May has maintained her ranking as the most distinguished luxury real estate broker in Los Angeles.

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Who's Brokering Los Angeles: Joshua Flagg

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Josh Flagg, co-star of Million Dollar Listing, is one of America’s most successful and sought-after luxury real estate agents, having completed more than two billion dollars in residential real estate sales in the past 14 years.

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Who's Brokering Los Angeles: Drew Fenton

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With over $4 billion in sales since 2007, Drew Fenton has represented the most pedigreed and significant estates in Beverly Hills, Holmby Hills and Bel-Air.

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Who's Brokering Los Angeles: Judy Feder

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For over 30 years, Judy Feder has had a personalized approach to embracing the relationship with her clients and their feelings about buying and selling homes, from the Sunset Hills through Malibu

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Who's Brokering Los Angeles: SANDRO DAZZAN

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One of Malibu’s top agents, Sandro Dazzan serves as managing partner of The Agency’s Malibu office.

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Who's Brokering Los Angeles: CHRIS CORTAZZO

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Chris Cortazzo’s name is synonymous with Malibu, a rare breed of real estate agent who was born and raised in the famed coastal haven.

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Who's Brokering Los Angeles: DAVE CASKEY

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Throughout his 30+ years in the real estate industry, Dave Caskey has constantly provided the highest level of service with uncompromising attention to each client’s individual real estate needs and goals.

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Who's Brokering Los Angeles: ERNIE CARSWELL

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Founder and head of Ernie Carswell & Associates, one of Douglas Elliman California’s top teams, Ernie Carswell is a member of Douglas Elliman’s Sports & Entertainment Division.

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Who's Brokering Los Angeles: DANNY BROWN

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Danny Brown is a one-man team for compass, focusing on the Westside of Los Angeles and consistently ranks in the Wall Street Journal REAL Trends top 250 real estate agents in the country.

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Who's Brokering Los Angeles: CONNIE BLANKENSHIP

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With over 18 years of experience and record-breaking sales in Beverly Hills, Bel Air, and the exclusive gated community of North Beverly Park, real estate luminary Connie Blankenship continues to be one of the most sought-after agents in the industry.

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Who's Brokering Los Angeles: Peter Maurice and Tregg Rustad

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With their more than 45 combined years of experience and $1.8 billion+ in career sales, Rodeo Realty’s #1 company-wide team, trusted advocates Peter Maurice and Tregg Rustad, provide keen strategy, skilled negotiation and market insight to help their clientele achieve outstanding outcomes.

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Who's Brokering Los Angeles: AVI BARAZANI

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Avi Barazani, an agent affiliated with the Studio City office of Coldwell Banker Realty, was named to the Society of Excellence, Coldwell Banker NRT’s highest award,

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Who's Brokering Los Angeles: Rochelle Maize

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

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Who's Brokering Los Angeles: SANTIAGO ARANA

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Santiago Arana has closed billions of dollars’ worth of real estate across Los Angeles, taking his place among the most distinguished professionals in the industry.

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Who's Brokering Los Angeles: CINDY AMBUEHL

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Cindy Ambuehl is arguably LA’s most sought-after real estate professional, consistently ranking as a top producer in one of the world’s most competitive luxury markets while retaining the trust of the area’s savviest homebuyers, sellers, and fellow agents

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Who's Brokering Los Angeles: Jay Luchs and Steven Schaefer

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Jay Luchs may be widely known as a leading commercial real estate broker, but what many may not be aware of is that he is also fast becoming just as prominent in luxury residential real estate.

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Who's Brokering Los Angeles: JOSH AND MATTHEW ALTMAN

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Stars of BRAVO’s “Million Dollar Listing,” the Altman Brothers constantly push the envelope, accomplishing what few others have in the history of residential real estate sales.

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Who's Brokering Los Angeles: ARI AFSHAR

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Ari Afshar is a Beverly Hills native with the keen sense and network to find his clients the right deal at the right time.

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Who's Brokering Los Angeles: Adi Livyatan

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Adi Livyatan is a luxury home specialist located in Southern California. With sales over $200 million per year, Livyatan is in the top 1% of all agents nationwide.

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Who's Brokering Los Angeles: Jordana Leigh

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Jordana Leigh specializes in the sale of fine properties throughout the Westside of Los Angeles.

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Who's Brokering Los Angeles: Ben Lee

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Ben Lee, a Coldwell Banker global luxury property specialist affiliated with the Beverly Hills office of Coldwell Banker Realty, has been named one of the top real estate agents in California by the REAL Trends America’s Best Real Estate Professionals report.

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Small Business Meeting Venue: The Broadmoor: An Ideal Place to Get Things Done

Custom Content by the Los Angeles Business Journal

Many are exhausted from video chatting and need the connection of getting things done together, in person.

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Who's Brokering Los Angeles: David Kramer

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David Kramer has consistently been a top-producing agent throughout the Westside for over 20 years.

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Who's Brokering Los Angeles: John Kostrey

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In just under 15 years in the real estate industry, John Kostrey has established himself as a successful residential broker in the Los Angeles market.

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Who's Brokering Los Angeles: Craig Knizek

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Craig Knizek serves as a managing partner for The Agency’s San Fernando Valley offices (Calabasas, Sherman Oaks, and Studio City).

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Who's Brokering Los Angeles: Aaron Kirman

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Aaron Kirman, president of the Estates Division at Compass in Los Angeles is one of the leading real estate agents in the country and has repeatedly been named top agent in Los Angeles.

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Who's Brokering Los Angeles: Mark Kitching

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Mark Kitching has had the privilege of representing properties designed by many of the most accredited and influential architects of our time, including A. Quincy Jones, John Lautner, Marmol-Radziner, Charles Ward, Lorcan O’Herlihy, Thom Mayne, Ted Tokio Tanaka and Rodney Walker.

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Delivery, Logistics Companies Staff Up to Meet Demand

The proliferation of ecommerce over the past six months has resulted in local job gains at delivery service businesses.

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LA County Banking Jobs Show Strength

Amid this grim picture, banks appear to be something of a bright spot. The sector was one of the few to add jobs during the pandemic, according to state data.

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Film Tax Credit Programs Face Uncertain Future

Lending against California’s film tax credits has emerged as a niche industry in recent years. Some industry insiders say this practice will thrive, but others predict the film tax credit space may be in for rough times ahead.

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Executive Insights

In the midst of headlines about layoffs and shutdowns, L.A. business leaders seem to be ramping up. Many are working remotely but embracing technology to stay connected with employees and clients via video meetings or the still-important personal phone call.

LA’s Ready-Meal Companies Are Cooking During Covid

While the pandemic continues to emaciate the hospitality industry, it has helped local ready-meal companies see an uptick in business in recent months.

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Wellth App Pays Patients to Take Their Medication

A small company in Mar Vista, Wellth Inc., pays people each month for taking their medications, helping offset preventable health care costs.

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Local Hospital Employment Holds Steady Amid Pandemic

To say L.A. County hospitals have had a challenging year on the front lines of the Covid-19 pandemic would be an understatement.

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Granite Properties Spending $10 Million Covid-19 Precautions

Granite Properties Inc., which has three buildings in L.A., is investing $10 million to make its properties Covid-19 safe.

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Large Los Feliz Multifamily Site Sells for $24 Million

A 60-unit apartment building in Los Feliz has sold for $24 million.

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Vivo Looks to Convert ‘Overbuilt’ Hotels Into Apartments

Torrance-based Vivo Investment Group launched in May with the goal of transforming a glut of excess hotel rooms into much-needed apartment units.

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Sootchy App Helps Parents Crowdfund College Costs

The downtown-based startup wants to help parents leverage their friends and family networks to help cover college costs.

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Bingie App Tunes Into Viewer Recommendations

When it comes to movie and TV show recommendations, El Segundo-based app developer Bingie Inc. wants to prioritize friends and family over algorithms.

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Music Platform Stem Secures $10 Million in Funding

West Hollywood-based Stem Disintermedia Inc. has raised $10 million in a funding round led by Slow Ventures with follow on investment from Santa Monica-based Upfront Ventures and Aspect Ventures.

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2020 Largest Employers Special Report

A diverse economy helps LA weather the coronavirus storm

Many companies in different industries were able to post significant gains in L.A. County during the pandemic so far, a sign of the local economy’s inherent strength.

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Local VC Firms Drive Diversity Pledge Effort

A group of 10 venture capital firms, including Santa Monica-based Act One Ventures and Marina del Rey-based Fifth Wall Ventures, have pledged to include diversity riders in their term sheets.

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Music Rights Platform Songtradr Raises $30 Million

Santa Monica-based music licensing and rights marketplace Songtradr Inc. has raised $30 million in Series C funding.

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Covid-19 Is Taking a Toll on Plans for New Hotels

Covid-19 has had a devastating impact on the hotel industry, and that pain has extended to the planning and construction of new hotels.

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Rocket Lab Signs Launch Deal With OHB Group

Rocket Lab USA Inc. has signed a contract with European space technology company OHB Group to launch a communications satellite for an OHB customer.

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Digital Security Firm Signal Sciences Sells for $775 Million

Culver City-based online security company Signal Sciences Corp. has agreed to be acquired by Fastly Inc. in a $775 million deal.

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Tauro Capital Arranges $50 Million in Loans for Developers

Downtown-based Tauro Capital Advisors Inc. has secured a total of $50 million in loans for three developers on triple-net lease properties. Tauro Capital’s Stephen Stein and Tony Festa arranged the loans.

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BLVD Acquires Georgian Hotel in Santa Monica

Custom Content by the Los Angeles Business Journal

Downtown-based BLVD Hospitality has purchased the iconic Georgian Hotel on Ocean Avenue in Santa Monica. Terms of the sale were not disclosed.

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Mayer’s Departure Could Speed Sale of TikTok

Less than four months after joining then high-flying TikTok as chief executive, former Walt Disney Co. veteran Kevin Mayer departed the company last week.

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LA County Jobs Data Mixes Good News With Bad

The snapshot of L.A.’s economy in July was a good news, bad news story.

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LABJ Insider

Critical Care

It’s not much of a stretch to say that, at least right now, there’s no more essential industry in Los Angeles than health care.

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Presto Zoomo — Local Magicians Maintain the Illusion Despite Covid-19

Magicians face a particular challenge when it comes to the virtual world. Here's how they're adapting their shows online while venues are closed.

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Friday, August 28

Black Business Matters Speaker: Dawn R. Rosemond, Esq.

Custom Content by the Los Angeles Business Journal

Dawn Rosemond serves as Barnes & Thornburg's Firm Diversity Partner.

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Thursday, August 27

Broadway Financial Forms Country’s Largest Black-Led Bank

Hancock Park-based Broadway Financial Corp. and CFBanc Corp. have announced plans to merge into a $1 billion institution.

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Wednesday, August 26

Domestic Traffic Continues to Rebound at LAX

Domestic passenger traffic at Los Angeles International Airport in July continued to recover from pandemic-induced lows.

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Influencer Agency Be Social Joins Dolphin Entertainment

Downtown-based Be Social, an influencer marketing agency, has agreed to be acquired by marketing company Dolphin Entertainment.

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Tuesday, August 25

Health Care Panel & Awards: A Health Plan’s Multi-Million Dollar Response to COVID-19 Goes Well Beyond Traditional Health Care

Custom Content by the Los Angeles Business Journal

The COVID-19 pandemic has changed life as we know it in so many ways.

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Health Care Panel & Awards: Answering the Call and Saving Lives Through Organ Donation

Custom Content by the Los Angeles Business Journal

The current climate in America has upended our nation as few years have in the past.

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Health Care Panel & Awards: UCLA Health Pathologists Lead the Way in COVID-19 Testing

Custom Content by the Los Angeles Business Journal

The role of clinical laboratories in patient care often has taken a back seat to glossier areas of medicine.

Health Care Panel & Awards: City of Hope’s Vision for the Campus of the Future is Becoming a Reality

Custom Content by the Los Angeles Business Journal

Even in the midst of a pandemic, plans for a cancer campus of the future are speeding ahead at City of Hope.

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Health Care Panel & Awards: The Future of Health Care is Digital — and Closer than You Think

Custom Content by the Los Angeles Business Journal

The forced rapid adoption of digital health technology is among the many ways hospitals have been significantly impacted by the pandemic.

Health Care Panel & Awards: Providing the Foundation for a Bright Future in Medical Care

Custom Content by the Los Angeles Business Journal

Many people have been saying that everything will change after the COVID-19 pandemic passes and one of those industries that will be deeply affected is health care.

Health Care Panel & Awards: Clinical Trials of Monoclonal Antibodies to Prevent COVID-19 are on the Horizon

Custom Content by the Los Angeles Business Journal

Two Phase 3, randomized, placebo-controlled, double-blind clinical trials testing whether experimental monoclonal antibodies (mAbs) can prevent infection by SARS-CoV-2 coronavirus are now enrolling healthy adults at clinical trial sites in the United States.

Hand-in-Hand. Rise in Ecommerce Prompts High Demand for Logistics Space.

CUSTOM CONTENT

E-commerce is growing at a record pace, largely driven by consumers buying online for at-home delivery in light of the pandemic. How quickly? Consider this...

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Monday, August 24

TikTok Sues Trump Administration in Challenge to US Ban

TikTok filed a complaint in federal court disputing the Trump administration’s efforts to ban the platform’s U.S. operations.

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St. John’s Secures $40 Million Donation

Providence Saint John’s Health Center in Santa Monica announced a $40 million donation from philanthropists Will and Cary Singleton.

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Black Business Matters Speaker: Denise Pines

Custom Content by the Los Angeles Business Journal

A longtime community health advocate and media pioneer, Denise Pines is president of the Medical Board of California and serves on the Martin Luther King Community Hospital Foundation board and the admissions committee for the California University of Science and Medicine (CUSM) School of Medicine.

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Black Business Matters Speaker: Melanie Mack

Custom Content by the Los Angeles Business Journal

Melanie Mack is the CEO of Identity Management, LLC and Chairperson and CEO of Codega Media, Inc.

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Black Business Matters Speaker: Cassie Betts

Custom Content by the Los Angeles Business Journal

Cassie Betts is a leading advocate for increasing diversity in tech through youth & community training. She was homeless at the age of 19.

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New Union Bank President Seibly Rises to the Challenges

Greg Seibly stepped into his current role as president of MUFG Union Bank at one of the most difficult economic moments in modern history.

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Koreatown Developer Jamison Shows No Signs of Slowing

Koreatown-based developer Jamison is having a busy year, even in the face of Covid-19.

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Post-Breakup Apps Help Women Move On

After going through a difficult breakup, Elle Huerta created what she thought she and others in her situation needed: an app for women who had recently split from their partners.

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Air Lease Is Flying High Despite Airline Industry’s Troubles

Amid all the devastation in the air travel industry, Century City-based Air Lease Corp. stands out as a good news story.

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JLL Adds Malone, Freiberg in Key Roles

Jones Lang LaSalle Inc. has added two new high-level executives in Los Angeles.

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ARod’s Company Sets Sublease Deal in Weho

Ford Models Inc. has subleased a nearly 7,000-square-foot office space in West Hollywood’s Luckman Plaza to A-ROD Corp., a business entity with ties to former baseball star Alex Rodriguez.

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Rental Companies Onerent, Invitation Homes Ramp Up in LA

While some companies may be slowing down due to Covid-19, two that specialize in single-family home rentals are ramping up.

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Inglewood Plans People Mover Project to SoFi Complex

A huge new sports and entertainment complex is taking shape in Inglewood, and it includes the new SoFi Stadium, a newly remodeled Forum and a proposed arena for the Los Angeles Clippers.

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Brightline Bets on High-Speed Rail From LA to Vegas

Plans for a $5 billion high-speed rail line to connect Southern California to downtown Las Vegas have taken several steps forward in recent weeks.

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LAX Expansion Projects Are Taking Off

After nearly a decade of planning and site preparation work, the $5.5 billion program to improve ground access to Los Angeles International Airport is now moving full throttle.

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Investors Applaud Fat Brands Deal for Johnny Rockets

The price of FAT Brands Inc. stock experienced a 128% surge in the days following news that the company had agreed to buy Johnny Rockets from a private equity firm.

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Kellstrom Defense Rebrands as AllClear Holdings

El Segundo-based Kellstrom Defense Aerospace Inc. has a new moniker — AllClear Holdings — and will share it with its parent company, Aero Precision Holdings.

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Macerich Results Point Up Retail's Challenges

Mall owner sees disruptions in rents, leases from Covid

Macerich Co.’s latest earnings report includes some grim financials but it also provides a glimpse into challenges facing the retail industry as a whole.

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LA County Assessment Roll Surges to $1.7 Trillion in Pre-Pandemic Calculations

Assessed property values in Los Angeles County increased for the 10th consecutive year, according to the latest Assessment Roll.

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Meyer Quits NBCUniversal, Academy Museum Amid Scandal

When Ron Meyer abruptly stepped down as vice chairman of NBCUniversal last week, he was one of the longest-serving studio chiefs in Hollywood.

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Ticketmaster Shuffles Top Execs in Restructuring

Hollywood-based Ticketmaster has promoted three top executives as part of the company’s restructuring toward a global business model.

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SpaceX Sets Record With Launch

Company also nears $2 billion in new funding

Elon Musk’s Hawthorne-based Space Exploration Technologies Corp. passed one milestone and neared another last week.

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Miso Robotics Names Bell as Chief Executive

Industry veteran will focus on scaling operations

Miso Robotics Inc., the Pasadena-based robotics and artificial intelligence company, has appointed tech veteran Michael Bell as its new chief executive.

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TikTok Launches Extensive Marketing Campaign

TikTok is ramping up its marketing efforts in the face of a potential ban in the United States and data security investigations in Europe.

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Canoo to Go Public in $600 Million SPAC Deal

Deal will give EV maker a valuation of $2.4 Billion

Torrance-based electric vehicle developer Canoo Inc. has announced plans to go public through a reverse merger in a deal designed to provide $600 million in total capital.

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Chinese Company Signs Large Industrial Lease in Vernon

US Elogistics Service Corp., a China-based ecommerce company, has signed a roughly 232,000-square-foot industrial lease in Vernon.

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San Pedro Bay Ports Report Strong Gains for July

A surge in online spending and extra vessel visits in July helped the Port of Long Beach record its busiest month while the Port of Los Angeles saw its highest cargo volumes of the year.

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LABJ Insider

Playing Politics

For the time being at least, DLA Piper will have to manage without one of its partners.

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Friday, August 21

LA County Unemployment Falls to 17.5% in July

L.A. County’s unemployment rate declined to 17.5% in July from 19.4% in June.

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Raytheon to Hire 300 Workers in El Segundo

Raytheon Intelligence & Space, a division of Raytheon Technologies Corp., reported that the company will hire over 300 workers at its El Segundo location.

Thursday, August 20

PeerStreet Adds Pandemic-Friendly Fund

Investing platform PeerStreet has launched a diversified real estate debt fund dubbed Peer Street Credit Opportunity.

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Port of LA Awards $52 Million Contract for Waterfront Promenade

The Port of Los Angeles has awarded a $52 million construction contract to build the long-awaited Wilmington Waterfront Promenade.

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Tuesday, August 18

Byron Allen Acquires Honolulu TV Station

Media entrepreneur Byron Allen acquires ABC's Honolulu affiliate.

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SpaceX Sets Record With Latest Launch

SpaceX successfully landed a Falcon 9 rocket booster following a launch for a record sixth consecutive time.

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Canoo to Go Public via $600 Million SPAC Deal

Electric vehicle developer Canoo Inc. has announced plans to go public via a reverse merger.

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Xos Trucks Raises $20 Million

Electric commercial vehicle maker Xos Trucks Inc. has raised $20 million in funding from investors including BUILD Capital Partners and Proeza Ventures.

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Monday, August 17

Executive Education: MBA Graduates See Compensation Increases and Job Promotions

Custom Content by the Los Angeles Business Journal

Late last year, the Executive MBA Council (EMBAC) shared results of the 2019 EMBAC Student Exit Survey which revealed that Executive MBA (EMBA) graduates received a 13.5% increase in compensation – combined, both salary and bonuses – after program completion.

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Executive Education: Principles of Motivation in Education

Custom Content by the Los Angeles Business Journal

Basic principles of motivation exist that are applicable to learning in any education situation.

Executive Education: Does Executive Education Provide Return on Investment for Employers?

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Measuring the return on investment for big-ticket purchases has been and always will be important to efficient organizations, but in the wake of the recession, hunkered-down companies have become that much more insistent that dollars be wisely spent.

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Executive Education: Connected for Better: Business Schools Focus on Positive Societal Impact

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In a new briefing paper, AACSB International (AACSB) recently announced business education’s renewed commitment and focus on creating positive societal change, demonstrating that business schools are “connected for better.”

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Executive Education: Master of Studies in Law: Legal Skills and Knowledge for Business Professionals

Custom Content by the Los Angeles Business Journal

In any organization, leadership isn’t only important, it’s essential. And in today’s workplace, effective leaders offer a well-rounded skillset — able to adapt to new challenges and set strategies for success.

Executive Education: Hot Jobs: Demand for Data Scientists Continues to Rise

Custom Content by the Los Angeles Business Journal

The era of Big Data is here, and successful businesses are now relying on highly-trained data analysts to help them drive corporate strategy and make smart decisions.

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Small Business Meeting Venue - The Broadmoor: An Ideal Place to Get Things Done

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Many are exhausted from video chatting and need the connection of getting things done together, in person.

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Executive Education: Every Program Prepares You for Success – Here is One that Prepares You for Immediate Impact

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The Executive MBA from California Lutheran University’s School of Management is designed for mid-career professionals who have already experienced some success and want to elevate and achieve bigger goals in their careers.

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Valence Raises $5 Million for Networking Platform for Black Professionals

Santa Monica-based Valence Enterprises Inc. has raised $5.25 million in Series A funding. The round was led by GGV Capital with participation from existing backer Upfront Ventures and brings the company’s total funding to just over $7.7 million.

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Gores Group Closes $525 Million SPAC Offering

Gores Group has raised its largest special purpose acquisition company, or SPAC, offering to date. The Beverly Hills-based private equity firm closed Gores Holdings V at $525 million, up $50 million from its initial target.

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Influencer Campaign Platform Boosts CreatorIQ

Igor Vaks, the founder and chief executive at Culver City-based Social Edge Inc., doing business as CreatorIQ, understands that his company’s complex platform can be difficult to describe to potential investors.

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Swoop Platform Targets Small Transportation Operators

Hawthorne-based Swoop Inc. wants to bring digital order and ease of use to the group transportation industry, a fragmented market populated with small operators who keep their books manually.

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TrueCar Gains on Earnings, ALG Sale

TrueCar Inc., the Santa Monica-based online car-buying marketplace, has managed to gain investors’ trust even as it adjusts to the market under Covid-19.

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LA Businesses Play Key Role in Fast-Growing Sleep Economy

Companies are cashing in on the need for a good night’s rest, which consumers increasingly consider essential for their health and happiness.

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Molina Healthcare Pledges $150 Million for Community Health Initiative

Molina Healthcare Inc. is pledging $150 million toward a new community health initiative.

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Share Ventures Targets Lifestyle Market

The Los Angeles venture capital ecosystem just received its newest addition with the launch of Playa Vista-based venture studio Share Ventures.

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NantKwest Teams With Stem Cell Company on Covid-19 Treatment

El Segundo-based NantKwest Inc. and Sawtelle-based stem cell bank operator Generate Life Sciences Co. are collaborating on a stem cell-based treatment against Covid-19, the two companies announced Aug. 10.

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Special Report: The Business of Sports

Team Players

The sports world is still reeling from the coronavirus pandemic, and L.A.’s pro franchises are learning to play by a new set of rules. Read more in the Business Journal's 2020 Business of Sports special report.

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Honey's Kettle Fried Chicken Expands Despite Covid-19 Challenges

Honey’s Kettle Fried Chicken in Culver City was hardly expecting to celebrate its 20th anniversary this year amid a global pandemic.

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How LA’s Sports Franchises Are Keeping Their Eyes on the Ball Despite Covid-19

Kathryn Schloessman, president of the Los Angeles Sports and Entertainment Commission, can envision the moment when the local sports landscape will finally rebound from the economic impact of the Covid-19 pandemic.

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LeBron James' Media Businesses Elevate His Game Off the Court

LeBron James is about to find out if he can add more brawn than bravado to his already prolific business portfolio.

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Carmichael International Signs Lease in Monterey Park

Carmichael International Service has signed a nearly 29,000-square-foot lease valued at more than $10.4 million in Monterey Park.

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Boston Properties Buys Into El Segundo Site

Boston Properties Inc. has acquired a 50% interest in the joint venture that owns Beach Cities Media Campus.

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Griffin Club’s $20 Million Renovation Pays Dividends

Despite Covid-19 forcing people to socially distance and largely remain indoors, at least one athletic club is working on connecting guests and bringing its growing member base in.

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Carl Icahn Sells $716 Million in Herbalife Stock

Activist investor Carl Icahn has sold a major stake in downtown-based nutritional supplement company Herbalife Nutrition Ltd.

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LA Universities Rank High on Endowment Scale

Getting Schooled

Catching up on multiple fronts this week, starting with a look at big universities and even bigger dollars.

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Pandemic Drives Up Prices for Malibu House Rentals

Ani Dermenjian, executive managing director of Douglas Elliman’s architectural division and president of the Malibu Association of Realtors, has had some different clients this summer.

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Byron Allen’s Entertainment Studios Is Hungry for More Acquisitions

Media entrepreneur Byron Allen has been making ambitious acquisitions for some time and, bolstered by a recent $1 billion corporate refinance, he has an appetite for more.

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SoFi Stadium Is Ready for Everything but Fans

SoFi Stadium, the largest stadium built in Los Angeles County in nearly a century, officially arrives this month after years of development.

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Office Buildings Secure $27 Million in Financing

Two office properties, one on the Westside and one in the South Bay, have received a total of $26.8 million in financing.

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Northwood Investors Buys Culver City Site for $120 Million

A nearly 288,000-square-foot office campus in Culver City known as the Symantec Southern California Campus has sold for $120 million.

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LA, LB Ports Postpone Plan for Clean Truck Fund

Plans to implement fees tied to the Clean Truck Fund appear to be on hold as the the San Pedro Bay ports grapple with pandemic-related cargo declines and labor shifts.

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TikTok Remains Active While Weighing Its Options

The clock is ticking for TikTok.

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Friday, August 14

Port of Long Beach Sets Record in July

A surge in online spending and extra vessel visits in July helped the Port of Long Beach record its busiest month ever.

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Miso Robotics Names Bell as CEO

Miso Robotics Inc., the Pasadena-based robotics and artificial intelligence company, has appointed tech veteran Michael Bell as its new chief executive.

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Thursday, August 13

CarParts.com Reports Big Second Quarter

Carparts.com, formerly U.S. Auto Parts Network Inc., reported revenue of $118.9 million, a 61% increase compared to the same period last year.

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Port of LA Sees Cargo Gains for July

Cargo volumes for July at the Port of Los Angeles were highest for the year so far, but still trailed July 2019 by 6.1%.

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Omaze Raises $30 Million for Fundraising Platform

Culver City-based charity fundraising platform Omaze Inc. has raised $30 million in Series B funding.

Health Care Leadership Panel Speaker: Dr. Demetria Malloy

Custom Content by the Los Angeles Business Journal

Demetria Malloy, MD, MSHS is an internist who serves as the Medical Director for Anthem Blue Cross Medi-Cal health plan, one of California’s largest Medicaid managed care organizations with 1.2 million members across 29 counties.

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Wednesday, August 12

Media Mogul Redstone Dies at 97

Media titan Sumner Redstone, who aggressively parlayed the drive-in theater chain founded by his father into one of the world’s biggest entertainment conglomerates, died Aug. 11 at his home Beverly Hills.

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Health Care Leadership Panel Speaker: Denise Pines

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A longtime community health advocate and media pioneer, Denise Pines is president of the Medical Board of California and serves on the Martin Luther King Community Hospital Foundation board and the admissions committee for the California University of Science and Medicine (CUSM) School of Medicine.

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Tuesday, August 11

FBI Arrests La Cañada Flintridge Money Manager

Brendan Ross, founder of Direct Lending Investments, has been arrested by the FBI on fraud charges.

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Best Places to Work 2020: Survey Reveals How COVID-19 is Changing the Workplace and the Economic Climate

Custom Content by the Los Angeles Business Journal

Following unprecedented reports of unemployment, new research released by SHRM (Society for Human Resource Management) sheds light on how the coronavirus is disrupting workplaces.

Best Places to Work 2020: Making it a Superhero Year and Standing Victorious!

Custom Content by the Los Angeles Business Journal

The definition of culture is “the art and manifestation of human intellectual achievement regarded collectively,” or “to maintain tissue, cells or bacteria, in conditions suitable for growth.”

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Best Places to Work 2020: The Best Small Companies to Work for in Los Angeles

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Konnect Agency is once again atop the Best Places to Work list first and foremost due to the deeply talented people who make up the Konnect team.

Best Places to Work 2020: The Best Medium-Sized Companies to Work for in Los Angeles

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BAMKO designs, manufactures, and delivers award-winning merchandise that creates lasting connections between brands and their customers.

Best Places to Work 2020: The Best Large Companies to Work for in Los Angeles

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West Monroe Partners A mainstay at or near the top of this list, West Monroe is a national consulting firm that was born in technology but built for business—partnering with companies in transformative industries to deliver real, measurable results.

Monday, August 10

Leaders of Influence - Wealth Managers: MICHELLE KATZEN

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Michelle Katzen has over a decade of experience in the financial services industry. Prior to joining HCR, she served as an interest rate derivatives trader at Union Bank and as a financial advisor at UBS.

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Leaders of Influence- Wealth Managers: Joe Alexopoulos

Custom Content by the Los Angeles Business Journal

As the newest member to the Miracle Mile Advisors family, Joseph Alexopoulos has an impressive background and brings much expertise to the team. As founding partner of Aequitas Wealth Management, which partner

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Leaders of Influence - Wealth Managers: AMIT JOSEF

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Amit Josef is the manager of planning and wealth organization at Avitas, which align with his passion and strength in building long lasting and trusting relationships.

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Leaders of Influence - Wealth Managers: MATTHEW IANTOSCA

Custom Content by the Los Angeles Business Journal

Matt Iantosca was hired by Ross Gerber, President and CEO of Gerber Kawasaki at the age of 23, right in the middle of the 2008 financial crisis. Fast forward 12 years and Iantosca, a CFP professional, now manages over $125 million for 250 households.

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Leaders of Influence - Wealth Managers: BRIAN D. HOLMES

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Brian D. Holmes, is the President and CEO of SEIA, which, along with its affiliates as of June 30, 2020, manages $11.5 billion of assets. Holmes is one of SEIA’s four founding partners, who have shared over two decades of teamwork together and he currently sits on SEIA’s investment committee.

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Leaders of Influence - Wealth Managers: DEREK HOLMAN

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Derek Holman, CFP, AIF is a Managing Director and Co-founder of EP Wealth Advisors. After working for two separate Wall Street firms over 20 years ago, Holman and co-founder Brian Parker quickly realized the conflicts of interest in the industry and knew there was a better way to serve clients.

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Leaders of Influence - Wealth Managers: GREGORY HELLER

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After starting his career at a brokerage firm, Greg Heller founded HCR Wealth Advisors based on core company principles that still support the company today. Established in 1988,

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Leaders of Influence: Wealth Managers: Publisher's Letter

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The number of millionaires in the US increased from 3.5 million in 2010 to about 18 million this year.

Leaders of Influence - Wealth Managers: ROSS GERBER

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Ross Gerber oversees Gerber Kawasaki’s corporate and investment management operations and serves individual clients.

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Leaders of Influence - Wealth Managers: RUSSELL EVANS

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Russell Evans is the managing principal of Avitas Wealth Management. He began his career as a financial advisor at Merrill Lynch in 1992 where he began to form the team that is now Avitas Wealth Management.

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Leaders of Influence - Wealth Managers: HAYLEY DICKSON

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Hayley Dickson seeks to help clients un-learn shame, fear, and paralysis when it comes to their financial reality.

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Leaders of Influence - Wealth Managers: Four Keys for Small Business Owners to Thrive During this Recession

Custom Content by the Los Angeles Business Journal

Recessions are awful. Add a pandemic , and this has been one of the most challenging times in modern history.

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Leaders of Influence - Wealth Managers: Northwestern Mutual Boasts Impactful Career Opportunities

Custom Content by the Los Angeles Business Journal

The Northwestern Mutual offices in Los Angeles County are part of an ever-expanding workplace haven for the entrepreneurial financial services professional. Not only has Northwestern Mutual consistently maintained the highest financial strength ratings awarded to U.S. life insurers by all four of the major ratings agencies1, it is also one of the top five independent broker dealers in the United States2.

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Leaders of Influence - Wealth Managers: BRIAN WERDESHEIM

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Brian Werdesheim is a founding member of the Summa Group of Oppenheimer & Co. Inc. where he serves on

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Leaders of Influence - Wealth Managers: STEVE WEINBERGER

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After graduating with his MBA from Pepperdine with an emphasis in finance, Steve joined HCR Wealth Advisors in 1998. While initially a boutique firm, HCR has grown to over $1 billion in assets under management largely in part due to Steve Weinberger’s leadership and efforts.

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Leaders of Influence - Wealth Managers: ALYSSA WEINBERGER

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A third-generation CPA, Alyssa Weinberger joined Lido Advisors, LLC in 2004 and became a CFP in 2005. Having been with Lido Advisors, LLC for over 15 years, Weinberger first ran the Operations and Marketing team, and soon became senior managing director, breaking ground as the first female partner.

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Leaders of Influence - Wealth Managers: DANIEL WARREN

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After nine years at Prudential, Daniel Warren’s entrepreneurial passion and spirit drove him to go independent. In 2007, he founded The Warren Group Wealth Management, Inc.,

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Leaders of Influence - Wealth Managers: JAMES VERZINO

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When a childhood friend introduced him to Northwestern Mutual, James Verzino discovered a place where he could truly lead and inspire people. Nearly a decade later, he has developed and influenced dozens of new financial advisors, while maintaining a successful practice.

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Leaders of Influence - Wealth Managers: MARK H. UDIS

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Mark Udis is a partner of Camden Capital and joined the firm in 2005. Udis focuses on individuals and families of significant financial resources and is actively involved in the firm’s family office practice.

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Leaders of Influence - Wealth Managers: DAVID SOLOWAY

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In 2020 David Soloway was promoted to the Los Angeles Region SIO for Northern Trust. Soloway is a senior vice president and senior investment officer at Northern Trust in Los Angeles.

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Leaders of Influence - Wealth Managers: RYAN SERRECCHIA

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Ryan Serrecchia, CFP, is an executive vice president and partner with EP Wealth Advisors. He is a highly successful wealth manager for EP Wealth Advisors, specializing in comprehensive investment

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Leaders of Influence - Wealth Managers: GREG SATZ

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Greg Satz’s interest in the stock and bond markets led him to emigrate from South Africa to Los Angeles 35 years ago. He began his career structuring bond portfolios for high net worth and ultra-high net worth clients at a Fortune 500 Bank, gaining knowledge and lear

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Leaders of Influence - Wealth Managers: ERIK RIDGLEY

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Erik Ridgley, CFA is CEO & chief investment officer of Salem Partners Wealth Management, a boutique multi-family investment office for founders, CEOs, entrepreneurial families, and ultra-high net worth individuals.

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Leaders of Influence - Wealth Managers: Brian Parker

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Brian Parker, CFP, is a managing director and co-founder of EP Wealth Advisors. He has been a highly successful wealth manager for 24 years, specializing in comprehensive investment, tax, estate and retirement strategies for his clients.

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Leaders of Influence - Wealth Managers: JASON OZUR

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Jason Ozur is president and senior managing director of Lido Advisors, co-chairman of Lido’s investment committee and is responsible for the management of Lido Advisors’ Hedged Hybrid strategy.

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Leaders of Influence - Wealth Managers: MICHELLE NGUYEN

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Michelle Nguyen excelled in finance since she was a toddler. Not a surprise she is now responsible for developing and managing investment portfolios for high net worth individuals, families, and endowment funds.

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Leaders of Influence - Wealth Managers: Edward Moyzes

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The COVID-19 pandemic and the corresponding market fluctuations have highlighted how important it is to have a cohesive team focused on the well-being of clients

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Leaders of Influence - Wealth Managers: BROCK MOSELEY

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Brock Moseley has over 20 years of professional experience in the financial industry and serves as the head of Miracle Mile Advisors Investment Committee and Risk Management Committee.

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Leaders of Influence - Wealth Managers: BRUCE MANDEL

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Bruce Mandel co-founded Oakwood in 1998, and in addition to serving as president and chief executive officer, he also chairs the Investment Policy Committee and co-manages the firm’s global investment strategies.

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Leaders of Influence - Wealth Managers: JEREMY DICKER

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Jeremy P. Dicker found his career in wealth management at the young age of 17. Now, 26 years in the business, he continues to add tremendous value to his clients, advisors, and staffs personal

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Leaders of Influence - Wealth Managers: SARAH LEWIS

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After over 30 years in the financial services industry holding senior positions with top firms in New York, Paris, Oslo and Amsterdam, Sarah Lewis and Aequitas Wealth Management

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Leaders of Influence - Wealth Managers: ROBERT DALIE

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Robert Dalie is a managing director of investments with The Summa Group of Oppenheimer & Co. Inc. Dalie’s specific expertise and experience lends itself well to entrepreneurs, senior executives,

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Leaders of Influence - Wealth Managers: ALEV LEWIS

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Alev Lewis is a managing director, partner and co-founder of Acacia Wealth Advisors, an independent multi-family office. She has more than 30 years of experience in accounting, investment, financial and tax planning.

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Leaders of Influence - Wealth Managers: RANDY C. CONNER

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Randy Conner is the president of Churchill Management and member of the firm’s Portfolio Management Team. He was ranked #13 on Forbes America’s Top Wealth Advisors List in 2019

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Leaders of Influence - Wealth Managers: GREGORY KUSHNER

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Gregory Kushner founded Lido Advisors in 1999 with the goal of ensuring that his clients are “fiscally fit” in all areas of their lives. Besides his responsibilities as CEO, Kushner oversees all investments and strategy for many ultra-high-net-worth investors and family offices.

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Leaders of Influence - Wealth Managers: JOHN KRAMBEER

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Krambeer has had many notable accomplishments throughout his career and has been recognized by some of the top publications in the United States. A great accomplishment of Krambeer can be seen in how he has navigated the market volatility in

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Leaders of Influence - Wealth Managers: CRAIG B. BURGER

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At Covington Capital Management Craig Burger is a principal and portfolio manager who works with high net worth clients, multi-generational wealth and families as well as Endowment and Foundation

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Leaders of Influence - Wealth Managers: KARA S. BOCCELLA

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Due to Kara Boccella’s philosophy in working with her clients’ best interest at heart, she has experienced a great deal of success. She has paved the way for those in the financial industry by pushing

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Leaders of Influence - Wealth Managers: DANILO KAWASAKI

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Danilo Kawasaki oversees compliance and the day-to-day general supervision of Gerber Kawasaki Wealth and Investment Management Inc. Additionally, he is a member of the Gerber Kawasaki Board of Directors and the Investment Selection Committee.

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Leaders of Influence - Wealth Managers: JAMES E. BERLINER

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Jim Berliner co-founded Westmount Asset Management in 1990 and has since served as president and chief investment officer. Under his leadership, Westmount has become one of Southern Calif

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Leaders of Influence - Wealth Managers: MATTHEW AYERS

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Matthew Ayers a natural leader on his team and to his clients. He is developed a reputation for being a passionate and incredibly hard worker, but one would never hear him claim that himself.

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Leaders of Influence - Wealth Managers: DARYA ALLEN-ATTAR

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Darya Allen-Attar is a financial Advisor at the Santa Monica office of Morgan Stanley Wealth Management. Drawing on over 25 years of experience at Morgan Stanley, Allen-

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VC Activity in LA Suffers Steep Second-Quarter Drop

After starting 2020 with one of the strongest periods on record, Los Angeles venture capital deal-making took a big hit in the second quarter.

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Special Report: Coworking and Coliving Spaces

Coworking was one of the hottest sectors in real estate — then Covid-19 arrived.

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Honda Sees Dip in Sales During July

Automaker reports decline of 11% for cars and trucks

New vehicle sales at American Honda Motor Co. Inc. totaled 125,450 cars and light trucks in July, an 11.2% decrease compared to the same period last year.

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Coliving Companies Are Optimistic About Long-Term Prospects

The coliving market is feeling the impact of Covid-19.

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Optimistic Coworking Proponents Prepare for Next Stage of Flex Spaces

The Covid-19 pandemic might seem like a devastating blow to the coworking movement, which has blossomed in L.A. and elsewhere in recent years.

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All-Ways Pacific to Sublease La Mirada Site for $15 Million

All-Ways Pacific has subleased a space in La Mirada to new tenant Orange Courier Inc. in a deal worth $14.8 million.

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CIT Provides $25 Million in Funding for MLK Hospital Purchase

CIT Group Inc. and its health care finance unit have provided a $25 million loan for Seavest Healthcare Properties to acquire the Martin Luther King Jr. Community Hospital medical office building in South Los Angeles.

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Office Market Sees Sales Activity in Suburban Areas

Even though office building sales have slowed amid the Covid-19 pandemic, there’s still some activity in the market.

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Licensing Deals Pay Off for Arrowhead, Xencor

Two San Gabriel Valley biopharmaceutical companies recently announced that they had received substantial milestone payments from licensing and development deals with pharmaceutical giants.

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UCLA, Cedars Earn High Marks in National Hospital Rankings

Three Los Angeles County hospitals once again placed among the nation’s top 20 in annual rankings compiled by U.S. News & World Report.

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United Pacific Acquires 95 Gas Stations

United Pacific, the Long Beach-based operator of some 415 gas stations and convenience stores, acquired another 95 units in a deal with Agoura Hills-headquartered Northwest Dealerco Holdings, which does business as Platinum Energy.

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California Pizza Kitchen Plans to Emerge From Bankruptcy This Fall

If all goes as planned, California Pizza Kitchen Inc. should emerge from bankruptcy by Halloween.

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Tinder Helps Match Group Beat Earnings Expectations

Dating app owner Match Group Inc. beat analyst expectations for the second quarter thanks to strong user growth at Tinder, the company’s highest performing subsidiary.

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LaVerne Apartment Complex Sells for Record Price

A multifamily property in La Verne has sold for nearly $50 million, a record price for the area.

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Cadiz Looks to $150 Million Mixed-Shelf Offering

Downtown-based water infrastructure development company Cadiz Inc. has filed to raise up to $150 million through a mixed-shelf offering.

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Big Changes Planned for Hollywood & Highland Complex

The Hollywood & Highland shopping center will soon have a new look and a new name to go along with it.

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BLT Enterprises Adds Television Center to Hollywood Portfolio

Santa Monica-based BLT Enterprises has purchased Television Center in Hollywood for $64 million, according to reports. BLT Enterprises announced the sale Aug. 4.

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Pandemic Pounds Results for Disney, Other Media Giants

When Walt Disney Co. reported disappointing earnings for its 2019 fiscal third quarter last August, the Burbank-based entertainment giant had built-in excuses.

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LABJ Insider

Bringing Out the Best

Last August, the Business Journal hosted a raucous gathering for hundreds of executives in a packed ballroom at a downtown hotel.

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LA Airports See Massive Drop in First-Half Traffic

Passenger traffic at the four airports serving Los Angeles County plunged 58% during the first half of 2020, their worst six-month performance on record as Covid-19 slammed the air travel industry.

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How Spanish-Language Media Giant Estrella Restarted Production for Its Hit Show

In mid-March the coronavirus brought L.A. movie and TV production to a virtual standstill, but by mid-June a glimmer of hope had returned.

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Multifamily Developer LaTerra Is Thinking Big

Century City-based LaTerra Development is growing fast and aiming high.

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TikTok’s Troubles Offer an Opening to Emerging Rivals

Video sharing platforms that offer variations on TikTok’s core features saw a surge in downloads at the beginning of August after President Donald Trump said on July 31 that he wanted to ban TikTok from operating in the United States.

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TikTok Challenged by More Than Trump in the US

Amid the most turbulent stretch in TikTok’s short history, the wildly popular social media platform is facing challenges that extend far beyond those posed by a hostile White House.

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Friday, August 7

Beyond Meat Posts Second-Quarter Sales Gain

Shares of Beyond Meat Inc. dropped about 6% after the maker of plant-sourced meats reported second-quarter sales on Aug. 5 that beat Wall Street expectations.

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Health Care Leadership Panel Speaker: Thomas Mone

Custom Content by the Los Angeles Business Journal

OneLegacy is dedicated to saving lives through organ, eye and tissue donation.

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Health Care Leadership Panel Speaker: Robert Stone

Custom Content by the Los Angeles Business Journal

Robert Stone, City of Hope’s President and CEO, leads a world-renowned independent biomedical research and treatment center for cancer and diabetes.

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Health Care Leadership Panel Speaker: Dr. James Kyle

Custom Content by the Los Angeles Business Journal

Dr. James Kyle is the Medical Director for Quality Improvement at L.A. Care Health Plan where he oversees its HEDIS, accreditation and quality performance management functions. Previously he served as a Medical Director at PIH Health.

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Omnia Media Acquired by Enthusiast Gaming

Culver City-based Omnia Media Inc. has been acquired by Canadian digital media company Enthusiast Gaming Holdings Inc.

Colony Capital Reports $2 Billion Loss

Colony Capital reported a net loss of $2 billion on revenue of $372 million in the second quarter.

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Thursday, August 6

TrueCar Selling ALG Unit for $135 Million

TrueCar Inc. has entered into an agreement with J.D. Power to sell its ALG Inc. subsidiary for $135 million.

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LA County Medical Association Names Shiba as President

Ophthalmologist Diana Shiba has been elected as the first Asian American woman president of the Los Angeles County Medical Association.

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Wednesday, August 5

Fulgent Earnings Soar on Covid Testing Surge

Earnings for Fulgent Genetics Inc. increased 10-fold, and revenue doubled in the second quarter.

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Alive Ventures Launches to Assist the Elderly

Alive Ventures, a venture studio dedicated to helping older Americans, has spun out of Long Beach-based Scan Foundation.

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UCLA Cancer Researchers Land $3 Million Grant

Researchers from the UCLA Jonsson Comprehensive Cancer Center have been awarded a $2.97 million grant from the National Cancer Institute.

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Los Angeles Cancer Network Partners With OneOncology

Oncology practice network OneOncology will be expanding into California through a partnership with the Los Angeles Cancer Network.

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Monday, August 3

LA Tourism Selects Burke as CEO

The Los Angeles Tourism and Convention Board named Adam Burke as the organization’s new president and chief executive.

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SpaceX Prepares for Additional NASA Missions

Following the successful completion of the company’s first manned mission, Hawthorne-based aerospace company Space Exploration Technologies Corp. is lining up orders for more NASA projects.

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Black Business Matters: Digital News Platform ‘The Grio’ Launches New Black Entrepreneur Series

Custom Content by the Los Angeles Business Journal

Byron Allen’s Allen Media Group digital news division — The Grio – recently announced a new video series for Facebook Watch.

Black Business Matters: Community Leadership: A Look at the History and Work of the GLAAACC

Custom Content by the Los Angeles Business Journal

The Greater Los Angeles African American Chamber of Commerce (GLAAACC) was established in 1991 by a group of business owners and executives led by Gene Hale, President of G&C Equipment Corporation and the late Homer Broome, former president of Marvid Associates.

Black Business Matters: Health Equity Matters

Custom Content by the Los Angeles Business Journal

Many of us, who care deeply about health equity, are struggling to re-attain our “balance.” We continue to reel, as the acute, formidable challenges of the Coronavirus Disease 201

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Black Business Matters - How the Black Cooperative Investment Fund Makes a Meaningful Impact

Custom Content by the Los Angeles Business Journal

The Black Cooperative Investment Fund is a 501(c)3, community-based organization that provides microloans to Black Americans through pooled dollars and raises awareness about the importance of economic empowerment, equity, and wealth building for the Black American community, with a specific focus on communities in the Southern California Region.

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Black Business Matters: Publisher's Letter

Custom Content by the Los Angeles Business Journal

Los Angeles boasts a blend of cultures and is a perfect example of how people from different backgrounds come together to make our various industries and communities thrive.

LA Opera Postpones Productions to 2021-22

L.A. Opera is the latest Music Center resident performing arts company to announce postponements and cancellations due to Covid-19.

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NantHealth Acquires Data Company OpenNMS

Billionaire Patrick Soon-Shiong’s NantHealth Inc., which uses data analysis and artificial intelligence technology to assist physicians and improve patient outcomes, is going even more high tech.

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Academy Re-Ups Rubin as President

President of the Academy of Motion Pictures Arts and Sciences David Rubin was re-elected to a second term on Tuesday by the board of governors.

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AltaSea Signs Agreement to Work With Scripps, UCSD

AltaSea at the Port of Los Angeles, a nonprofit company focused on the ocean economy, announced Aug. 3 that it has signed a memorandum of understanding with Scripps Institution of Oceanography.

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Houlihan Lokey Posts Mixed Earnings Results

Century City-based investment bank Houlihan Lokey Inc. reported mixed results in its 2021 fiscal first-quarter earnings.

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Auto Parts Company Signs Lease in City of Industry

A wholesale auto parts distribution company has signed a lease for roughly 132,000 square feet in an industrial building in the City of Industry.

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Captiva, Avalon Acquire Atwater Village Warehouses

Captiva Partners, Avalon Investment Co. and a private investor purchased two warehouses totaling 189,000 square feet in Atwater Village for $38 million, records show.

Heal to Partner With Humana After $100 Million Investment

Sawtelle-based physician house call and telemedicine service Get Heal Inc. has received a $100 million investment from health insurance giant Humana Inc., the two companies announced July 29.

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Tinder Taps Former CBS Exec Lanzone as CEO

Dating app owner Match Group Inc. has named Jim Lanzone, the former president and chief executive of CBS Interactive, as the new chief executive of West Hollywood-based Tinder, effective Aug. 3.

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Chateau Marmont, The James Make Upscale Transitions

Two iconic hotels are shifting their focus.

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LABJ Insider

X Marks the Spot

XPrize, which for years has been blending entrepreneurial enthusiasm, improve-the-world initiatives and good old-fashioned cash rewards, has turned its attention to one of our most pressing problems: Covid-19 testing.

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Young Investors Drive Increased Use of Investing Apps

Amid the market volatility caused by the Covid-19 pandemic, fintech and investing apps are reporting a rise in user activity as amateur investors enter the market.

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Investors Play Wait-and-See With Struggling Quibi

Jeffrey Katzenberg’s short-form streaming service Quibi proved itself to be a contender in the world of premium quality content last week by earning 10 Emmy nominations in its first foray into TV’s most prestigious annual competition.

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Brokers Say Use of 1031 Exchanges Has Surged During Pandemic

Sales across most real estate asset types slowed during the second quarter, but developers and brokers said one area remained enticing.

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GoodRx Adds Telehealth to Its Comparison-Shopping Platform

Santa Monica-based GoodRx Inc., which rose to prominence through its app allowing consumers to comparison shop pharmacies for prescription drugs, now wants to give consumers the power to lower their overall health care costs.

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Los Angeles County Real Estate Market, 2nd Quarter 2020

Submarket Data Summary

Quarterly highlights from every submarket of L.A. County in the Real Estate Quarterly Special Report.

Special Report: Real Estate Quarterly — Q2 2020

Ecommerce boosts industrial, long-term leases keep the office sector afloat, interest increases in 1031 exchanges — these trends and detailed submarket data are featured in the Q2 2020 Real Estate Quarterly special report.

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Gemist Helps Consumers Create Customized Jewelry

Gemist Inc. wants to bring the bling direct to consumers.

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LA Office Market Takes a Hit

L.A.’s previously strong office market was hit hard in the second quarter, but it isn’t necessarily apparent in the numbers.

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Executive Insights

In the midst of headlines about layoffs and shutdowns, L.A. business leaders seem to be ramping up. Many are working remotely but embracing technology to stay connected with employees and clients via video meetings or the still-important personal phone call.

Increasing Ecommerce Drives Activity for Industrial Real Estate

When it comes to interest and activity, the Covid-19 pandemic has pushed one real estate asset type above the rest: industrial.

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Popl Provides New Ways to Trade Social Info

When in-person business events and social gatherings resume, Sawtelle-based Popl Co plans to be ready.

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Eyeglass Maker Fitz Frames Delivers Thanks to 3D Technology

Heidi Hertel found inspiration close to home when she decided to launch Fitz Frames Inc.

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Wealth Manager LSIA Names Pasadena-Based CEO

Wealth management firm LS Investment Advisors, doing business as LSIA, has named Pasadena-based Karen McClintock as its president and chief executive. McClintock is the first woman to hold either role in the firm’s 12-year history.

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Wi-Fi Provider Global Eagle Files for Bankruptcy

Westchester-based media and satellite Wi-Fi company Global Eagle Entertainment Inc. has filed for Chapter 11 bankruptcy protection.

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ADC Acquires Clear Capital

Sawtelle-based merchant bank American Discovery Capital has acquired Century City-based investment bank Clear Capital Advisors.

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LA City, County Lead the Way on Minimum Wage Increases

Workers in the city of Los Angeles and in unincorporated areas of L.A. County got a bigger paycheck last month.

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