Stories for September 2020

Wednesday, September 30

CHA Hollywood Presbyterian Names New CEO

CHA Hollywood Presbyterian Medical Center has named veteran hospital executive Marcel Loh as its new chief executive.

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Tetra Tech Acquires BlueWater Federal Solutions

Tetra Tech Inc. has acquired Virginia-based information technology services firm BlueWater Federal Solutions Inc.

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Cannabis Logistics Company M7 Goes Public

Commerce-based cannabis logistics company ManifestSeven Holdings Corp., or M7, has listed on the Canadian Securities Exchange.

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Tuesday, September 29

LeBron James’ SpringHill Strikes Film Deal With Universal

LeBron James' SpringHill Company has signed a four-year film deal with Universal Pictures.

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Road to Entrepreneurship Panelist: Frances Moreno

Custom Content by the Los Angeles Business Journal

Frances Moreno co-founded Vaco Los Angeles, which specializes in interim consultants and executive search for finance, accounting, technology, and human resources, and is the largest LA firm in its industry to be founded and operated by a woman.

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Disney Theme Parks Unit Hit by Huge Layoffs

Disney Co. Parks' chairman Blames State of California for keeping Disneyland closed

Disney Parks division chairman blames new layoffs on State of California for keeping Disneyland closed.

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Molina Boosts New York Presence With $380 Million Deal

Long Beach health insurance giant Molina Healthcare Inc. has agreed to buy Affinity Health Plan for $380 million in cash.

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Liquid Death Raises Additional $23 Million

Santa Monica-based canned water company Liquid Death has raised $23 million in Series B funding.

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Disney Sells True[X] to Gimbal

Santa Monica advertising and marketing tech company Gimbal acquires True[X], a Walt Disney Co. subsidiary

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Monday, September 28

CFO Awards: Report Recommends Strategies for CFOs to Create Long-term Value

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FCLTGlobal, a non-profit organization that develops research and tools that encourage long-term investing, late last year released a report that explores the role of chief financial officers (CFO) in long-term financial behaviors and strategies within their companies.

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CFO Awards: Three Critical Areas Where CFOs Drive Enterprise Performance Improvements

Custom Content by the Los Angeles Business Journal

Chief Financial Officers and finance leaders are playing a larger role in enterprise-wide business transformations, particularly in operations, technology and talent, according to a survey conducted last year by FTI Consulting’s Office of the CFO Solutions practice, in collaboration with CFO Research.

CFO Awards: Only 48% of Businesses Are Operating with an Agile Planning Process

Custom Content by the Los Angeles Business Journal

Report provides actionable insights and strategies to help businesses plan for today and tomorrow.

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Hawke, Wayflyer Team for Financing Unit

Agreement allows Hawke Media to launch Hawke Capital.

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CFO Awards: A Global View - CFOs' Perspectives on Fiscal Recovery

Custom Content by the Los Angeles Business Journal

As COVID-19 restrictions continued to lift in some countries while others remained in lockdown, PwC’s COVID-19 CFO Pulse survey from this summer revealed that CFOs are most concerned about the effects of a global economic downturn (60%) and the possibility of a new wave of infection (58%).

CFO Awards: Most Businesses Proceeding with International Expansion Plans

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More than 80% of businesses now considering remote global workforce model.

CFO Awards: Stay in Touch with a Critical Business Partner

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In the COVID-19 era, keeping in touch and staying connected is a challenge, both in our personal and business lives.

CFO Awards: Finalists

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CFO Awards: Finalists

CFO Awards: Rising Star CFO of the Year

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Director of financial planning and analysis for Anastasia Beverly Hills, a prestige beauty brand, where he reports directly to the CEO.

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Riot Ventures Files for $75 Million Fund

Venice-based Riot Ventures is officially aiming to raise $75 million for its second fund.

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CFO Awards: Startup CFO of the Year

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Scott Lai has developed a notable track record helping venture/private equity backed start-up companies to grow, obtain financing, complete their first audit, implement systems and controls, all while wearing multiple operations hats.

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CFO Awards: Nonprofit CFO of the Year

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Felman has over 15 years of investment banking and financial services experience.

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CFO Awards: Government CFO of the Year

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Ann Santilli is the CFO at LADWP, the nation’s largest municipal utility with an annual budget of over $6 billion.

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CFO Awards: RSM Middle Market

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After joining Headspace in early 2014 with a strong economic and business background, Sean Brecker’s initial months at the company were pivotal in raising its first round of funding in 2015, led by investor The Chernin Group.

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CFO Awards: Private Company CFO of the Year (Small Company)

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Brett Abbey has worked in every area of operations and finance throughout his 20 year career.

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CFO Awards: Private Company CFO of the Year (Medium Company)

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L.A. Clippers chief financial officer Eric Chan leads the organization’s financial operations, including establishing and implementing long-range financial strategy, policies and goals and leading financial project management for all Clippers operations.

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CFO Awards: Private Company CFO of the Year (Large Company)

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Lilit Davtyan is the CFO and executive vice president of Phonexa, a web and call lead tracking and distribution software, specializing in the financial, health, home services, and insurance verticals.

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CFO Awards: Public Company CFO of the Year

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Steve Binder joined MannKind as its CFO three years ago when the company was on the brink of bankruptcy and its stock price had plummeted below $1, with over $200 million in debt due in 24-36 months from that time.

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2020 CFO Awards: PUBLIC COMPANY CFO OF THE YEAR WINNER - STEVE BINDER

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Steve Binder joined MannKind as its CFO three years ago when the company was on the brink of bankruptcy and its stock price had plummeted below $1, with over $200 million in debt due in 24-36 months from that time.

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CFO Awards: Letter From The Publisher

Custom Content by the Los Angeles Business Journal

It’s clear that every successful company in Los Angeles owes a tremendous debt of gratitude to the CFOs of their respective businesses, each of whom plays a key role, not only in the success of their companies, but in the success of the Los Angeles financial community as a whole.

Organ Donation Agency OneLegacy Rises to New Challenge

By May, OneLegacy’s organ procurements not only recovered to prepandemic levels, but actually exceeded them.

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Koreatown Food Hall Poised for Redevelopment

Beverly Hills-based Greenbridge Investment Partners’ Principal Sean Hashem had high hopes when he developed his retail site in Koreatown.

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Etco Completes One Coast Development in Pacific Palisades

Beverly Hills-based Etco Homes Inc. has finished its One Coast community in Pacific Palisades, a development that features 53 ocean-view townhomes and flats.

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Universe Holdings Acts to Boost Rent Collections

Since Covid-19 hit, Universe Holdings has been looking at ways to keep its rent collections high.

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Harvest Pack Takes Eco-Friendly Approach to Food Packaging

Torrance-based Harvest Pack Inc. has found an evergreen niche in the food packaging business.

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Hawke Media, LA Stage Ecommerce Conference

Sawtelle-based marketing consulting firm Hawke Media has partnered with the city of Los Angeles for the inaugural Ecommerce Week LA, a virtual event taking place from Sept. 28 to Oct. 2.

Digital Solutions Assist Art Galleries

With in-person gallery visits largely halted by the pandemic, the business of art has taken a severe hit.

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Goat Raises $100 Million for Expansion

Culver City-based 1661 Inc., doing business as Goat Group, has raised $100 million in Series E funding from New York hedge fund D1 Capital Partners.

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Boosted Raises $87 Million to Acquire Ecommerce Companies

Culver City-based Boosted Ecommerce Inc. has raised $87 million to grow its portfolio of ecommerce businesses.

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Struck Capital, DiCaprio Team for New Fund

Adam Struck, founder of Santa Monica-based venture firm Struck Capital, has always been bullish on Los Angeles’ startup ecosystem.

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LA’s Thriving Edtech Startups Improve Remote Learning for Schools, Businesses

While the global pandemic has disrupted almost every industry, some businesses are experiencing accelerated growth during the crisis.

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Quibi Stays Quiet on Sale Speculation

Host Jimmy Kimmel cracked wise about Quibi, Jeffrey Katzenberg’s troubled mobile-only streaming service, during the Prime Time Emmy Awards on Sept. 20.

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AI Company Beyond Limits Raises $113 Million

Glendale-based artificial intelligence company Beyond Limits Inc. has raised $113 million in a Series C funding round with another roughly $20 million committed.

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Mega Lion Signs Large Industrial Lease in Santa Fe Springs

Online retailer Mega Lion Inc. has signed a lease for roughly 132,000 square feet at an industrial property in Santa Fe Springs.

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Luxe Hotel Closes in Beverly Hills

The Covid-19 crisis has claimed the Luxe Rodeo Drive Hotel in Beverly Hills.

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Uncertainty Surrounds TikTok Deal

The fate of TikTok may still be up in the air.

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Netflix Signs Biggest Office Lease in LA This Year

Streaming giant Netflix Inc. is continuing to grow its real estate footprint in Los Angeles County, this time to build out an animation studio in Burbank.

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Gores Hits Record With $16 Billion Deal

Gores Group, the Beverly Hills-based investment firm founded by billionaire Alec Gores, has announced plans to merge its fifth special purpose acquisition company, or SPAC, with mortgage lender United Shore Financial Services Inc.

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Summer Jobs Data Paints Grim Picture for LA County

Los Angeles County’s jobs recovery slowed over the summer, with the region lagging the state and nation in both unemployment rates and the proportion of jobs regained since the pandemic began.

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LABJ Insider: Hey CFOs, We’re Counting on You

There’s no question that these are challenging times for every member of the business community, but the load might just hang a bit heavier on chief financial officers, the often unsung heroes at almost every company.

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Venture Funds Look to Health

Other more broad-based funds, like downtown-based TenOneTen Ventures, have increased their focus on health care investments.

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LA’s Al Fresco Program Gives Restaurants a Boost — But Is It Enough?

The L.A. Al Fresco program offers no-cost permits to local eateries to expand outdoor seating into adjacent areas while indoor dining is shuttered during the pandemic.

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Friday, September 25

Medical Education Startup Secures $30 Million

West L.A.-based online education company SketchyMedical has received a $30 million investment from TCG.

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Wednesday, September 23

Edison Settles Thomas Fire Claims for $1.2 Billion

Southern California Edison said it has settled insurance companies' claims from the 2017 Thomas Fire.

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GoodRx Stock Soars on Opening Day

GoodRx Holdings Inc. reaped a bonanza as it began life as a public company last week.

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Power of Sponsorship & Mentorship Panelist: Natasha Mata

Custom Content by the Los Angeles Business Journal

Natasha Mata, a 28-year financial services veteran, is Wells Fargo’s Central Los Angeles Region bank president.

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Leading Through Change Panelist: Danone Simpson

Custom Content by the Los Angeles Business Journal

Founder, CEO of Montage Insurance Solutions with over twenty years’ experience in all lines of insurance.

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Navigating Today’s Finance Panelist: Grace Kangdani

Custom Content by the Los Angeles Business Journal

Grace Kangdani is Market Manager of the LA Metro Business Banking team, leading a team of Relationship Managers who work with clients to proactively provide strategic advice and integrated financial solutions.

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Getting on Boards Panelist: Kellie Hawkins

Custom Content by the Los Angeles Business Journal

Kellie Hawkins is a Senior Vice President at the public affairs firm, EKA, where she leads the health and social services practice.

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LA Properties Included in $700 Million Industrial Portfolio Deal

A partnership of PGIM Real Estate and Perlmutter Investment Co.’s IAC Properties has acquired a 30-property industrial portfolio.

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CFO Awards: Understanding the Role of a Financial Advisor

Custom Content by the Los Angeles Business Journal

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

CFO Awards: CFOs Should Avoid Peer Pressure and Build Cost Strategy Around Differentiating Factors

Custom Content by the Los Angeles Business Journal

Only a third of firms drive returns greater than the cost of capital, according to a Gartner, Inc. analysis of cost structure models.

CFO Awards: Business Confidence Begins to Rebound as Firms Grapple with Effects of COVID-19

Custom Content by the Los Angeles Business Journal

CFOs and other financial decision-makers said they were more optimistic about the financial prospects of their firms and the direction of the U.S. economy in the second quarter of 2020 compared to the first quarter, according to the results of The CFO Survey, a new collaboration of Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta.

CFO Awards: Seven Trends CFOs Must Understand to Prepare for the Future of Finance

Custom Content by the Los Angeles Business Journal

Gartner, Inc. has identified the top 10 trends that will be critical to the success of CFOs.

CFO Awards: Chief ‘Flexibility’ Officers - COVID-19 Pushes CFOs to Become Change Agents and Strategists

Custom Content by the Los Angeles Business Journal

According to a recent survey by Grant Thornton LLP, COVID-19 has forced chief financial officers (CFOs) to become “change agents” and “strategists” — while still overseeing their day-to-day finance responsibilities.

CFO Awards: Sound Decisions - How to Drive Value and Prepare for the Future

Custom Content by the Los Angeles Business Journal

How prepared is your portfolio company for the next big disruption? It may depend on how far along you are on your digital transformation journey.

CFO Awards: Steve Binder: Guiding MannKind to a Solid Financial Position

Custom Content by the Los Angeles Business Journal

In July of 2017, when Steve Binder joined MannKind as Chief Financial Officer, he knew he had his work cut out for him to get the company into a solid financial position.

CFO Awards: Enhancing Liquidity Management - 4 Benefits of Visibility

Custom Content by the Los Angeles Business Journal

The future of liquidity management looks dramatically different, and that presents new challenges for financial leadership.

CFO Awards: Leadership Lessons to Learn from a Crisis

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As companies and their leaders battle their way through these uncertain times, there are valuable lessons that can strengthen management teams going forward.

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CFO Awards: Strategic CFOs - The Gatekeepers of Security

Custom Content by the Los Angeles Business Journal

Technology has been transforming business for decades and in recent years CFOs have become increasingly affected by these transformations.

CFO Awards: Now Is the Time to Review Your Long-Term Plans

Custom Content by the Los Angeles Business Journal

Since the start of the pandemic, many organizations have understandably been focused on their day-to-day survival.

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CFO Awards: Coronavirus and the Acceleration of Digital Disruption in the Workplace

Custom Content by the Los Angeles Business Journal

The Coronavirus pandemic has brought astonishing change, very quickly, regarding just about everything.

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CFO Awards: Small and Medium-Sized Firms in Crisis - A Message from the Real Economy

Custom Content by the Los Angeles Business Journal

The condition of small and medium-size firms implies a potential inflection point in the nascent economic rebound following the near shutdown of the economy last spring.

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Tuesday, September 22

Today's Work-Life Balance Panelist: Kandee Rochelle Lewis

Custom Content by the Los Angeles Business Journal

Kandee is the Executive Director of The Positive Results Corporation, a Masterful trainer, Certified Domestic Violence & Sexual Assault Prevention Advocate, specializing in Trauma Awareness, Teen Dating Violence, Healthy Relationships, developing youth to be Peer Advocates and Safety Partners.

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Plant-Based Startup Daring Foods Raises $8 Million

Daring Foods Inc., a Culver City-based startup that makes plant-based chicken substitutes, raised $8 million to support its marketing, innovation and staffing efforts.

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Monday, September 21

Road to Entrepreneurship Panelist: Ksenia Yudina

Custom Content by the Los Angeles Business Journal

Ksenia Yudina is Founder/CEO of UNest, a breakthrough app that helps parents save for their children’s future.

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Events & Destinations Guide: Eight Tips to “Supercharge” Your Staycation

Custom Content by the Los Angeles Business Journal

COVID restrictions, travel fears and smaller-than-usual vacation budgets may be a challenge for many, but it is still possible to take a rejuvenating break.

Events & Destinations Guide: The Broadmoor: An Ideal Place to Get Things Done

Custom Content by the Los Angeles Business Journal

The Broadmoor in Colorado Springs is observing the trend of being “zoom-ed out” firsthand as it hosts an increasing number of small corporate groups and associations drawn to the resort because of its ample space to spread out indoors and in the surrounding outdoor venues around the main campus.

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Navigating Today’s Finance Panelist: Nhaman Pelphrey

Custom Content by the Los Angeles Business Journal

Nhaman is a director in the Los Angeles office. She manages complex multigenerational relationships for ultra-high-net-worth families.

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Events & Destinations Guide: The Zoo Is a Natural Choice for L.A.’s Business Community

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The Zoo teamed with its longtime partner 99 Cents Only Stores and the Dodgers Foundation to offer a fun-filled day for young Dodgers RBI (Reviving Baseball in Inner Cities) players from underserved communities in Los Angeles and the San Gabriel Valley.

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Events & Destinations Guide: Santa Monica Reimagines Public Spaces with Safe Al Fresco Dining and Retail Options

Custom Content by the Los Angeles Business Journal

The City of Santa Monica is reimagining how businesses can use public, outdoor space to provide a safe and comfortable experience for residents and visitors.

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Arrowhead’s Liver Drug Shows Early Promise

Shares of Pasadena-based Arrowhead Pharmaceuticals Inc. shot up 40% last week on news of positive preliminary results from a clinical trial for the company’s drug to treat a rare liver disease.

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GoodRx Founders Poised for Big Gains From IPO

GoodRx Holdings Inc. founders Doug Hirsch and Trevor Bezdek are positioned to reap handsome rewards from the planned initial public offering of their Santa Monica-based prescription drug price shopping platform.

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TrueCar Expands Management Team

TrueCar Inc., the Santa Monica-based online car-buying marketplace, has named three executives to its expanded management team and has added a member to the company’s board.

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Fitness App Maker Zwift Secures $450 Million in Funding

Zwift Inc., the Long Beach-based maker of a popular at-home cycling and running app, has raised $450 million in Series C funding.

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Multifamily Portfolio Secures $57 Million Loan

A multifamily portfolio, consisting of four properties in West Los Angeles and Beverly Hills has received a nearly $57 million loan.

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OSI Systems Wins $44 Million in Contracts

September is off to a good start at Hawthorne-based OSI Systems Inc.

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CAA, WGA Agreement Remains Uncertain

It was a case of dueling memos last week for tthe Writers Guild of America and the powerful Creative Artists Agency.

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Beyond Meat Launches Ecommerce Site

Beyond Meat Inc., a maker of plant-based meat alternatives, launched an ecommerce website last month as part of a strategy to explore new or under-tapped retail opportunities.

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Ecommerce Returns Service Happy Returns Adds Dressbarn

Dressbarn, a women’s apparel brand that emerged from bankruptcy in January as a digital-only retailer, has selected Happy Returns Inc. to handle its in-person returns.

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Edison to Build 38,000 EV Charging Stations

Electric car drivers, a charging station will soon be arriving near you.

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8minute Solar Signs Another Major Deal

Mid-Wilshire-based 8minute Solar Energy has secured its third recent deal to build a major solar power generation and storage plant in the Central Valley.

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LAX Awards $335 Million Ground Access Contract

Los Angeles World Airports, the city agency that oversees Los Angeles International Airport, took a major step forward this month on roadway and utility improvements that are part of a $5.5 billion plan to improve ground access to LAX.

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LA Food Bank Pays $52 Million for Industrial Site

An industrial building in the City of Industry has sold for $52.1 million to the Los Angeles Regional Food Bank.

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Multifamily Portfolio Sells for $33 Million in Central LA

An 11-building multifamily portfolio of properties in Central Los Angeles has sold for $33.2 million. The buildings range from 13 to 21 units.

Retail Developer Paragon Bets on Grocery-Anchored Centers

Despite Covid-19, Paragon Commercial Group is still betting big on retail developments.

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SPAC Attack: Investment Vehicles See Surge in Popularity

Special purpose acquisition companies, or SPACs, are in the midst of their biggest moment yet.

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Local Credit Unions Offer Relief From Financial Storm

When the novel coronavirus pandemic first took hold in California, the state’s credit unions acted quickly.

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LABJ Insider: Reason to Cheer at UCLA

Feeling (Bruin) Blue

Most universities don’t have a lot to cheer about at the moment, what with Covid-19 upending almost every aspect of academic life and forcing the majority of schools into remote learning arrangements.

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LA, Long Beach Ports Report Big Gains for August

The busy season at the San Pedro Bay Port Complex is off to a good start, with both ports reporting cargo volume increases for August.

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Oracle Agreement for TikTok Sets Technology Partnership

Facing a Sept. 20 deadline from the White House to find a buyer for its U.S. operations, TikTok parent company ByteDance Ltd. has accepted a bid from Oracle Corp.

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In Commercial Real Estate, Women Still Face Uphill Climb

There are far fewer women in commercial real estate than men, especially in high-ranking roles, according a recently released report.

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Jewelry Stores Shine Despite Covid-19

Although Covid-19 has left many L.A. businesses reeling, jewelers said they have been relatively unaffected as online activity kicked up to compensate for lagging in-person sales.

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Southwest to Become Dominant Carrier at LA Airports

Angelenos seeking alternatives to Los Angeles International Airport will soon find Southwest Airlines Co. has become the dominant player at the other regional airports serving L.A. County.

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Special Report: Banking & Finance Quarterly — Q2 2020 Data

Read L.A.'s leaders in special purpose acquisition companies and access the latest data in the Los Angeles Business Journal's Banking & Finance Quarterly Special Report.

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Sunday, September 20

Executive Coaches See Increased Demand During Pandemic

Although, as a rule, their names do not appear on a company’s executive roster, executive coaches have long been a staple at companies of all sizes and areas of enterprise, from corporate giants to tech startups.

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Friday, September 18

L.A. County Unemployment Falls in August

L.A. County’s unemployment rate fell to 16.1% in August from a revised 17.9% in July.

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Thursday, September 17

Paradigm's Pandemic Layoffs Become Permanent

Beverly Hills-based Paradigm Talent Agency has cut 180 positions.

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Leading Through Change Panelist: Dr. Ledbetter

Custom Content by the Los Angeles Business Journal

Dr. Bernice Ledbetter is the Dean of Students and Alumni Affairs at the Pepperdine Graziadio Business School, where she also serves as the Director of the Center for Women in Leadership.

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Who's Building L.A: City of Los Angeles’ Plan to Ease Development Restrictions for New Housing Projects in Downtown

Custom Content by the Los Angeles Business Journal

Late last year, Los Angeles City Planning released a new plan that would refocus reinvestment opportunities in the City’s urban core

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Road to Entrepreneurship Panelist: Gail Becker

Custom Content by the Los Angeles Business Journal

Gail is passionate about accessible nutrition, building brands and food advocacy, and her career path reflects that.

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Who's Building L.A: Convene 333 South Grand

Custom Content by the Los Angeles Business Journal

HOK partnered with Convene on the design of their first west coast location in Downtown Los Angeles. With all Convene locations currently located on the east coast, the opening of a DTLA location is a significant part of the company’s strategic growth plan.

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Who's Building LA: Resides @ The EDITION

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From its dramatic setting at the intersection of Sunset Boulevard and Doheny Drive, The Residences at the West Hollywood EDITION distills the best of Los Angeles into a singularly compelling location, with the lure of Rodeo Drive’s boutiques, West Hollywood’s nightclubs, Beverly Hills’ restaurants, and L.A.’s cultural institutions just moments away.

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Who's Building L.A: The Culver Steps

Custom Content by the Los Angeles Business Journal

As the entertainment industry shifts to accommodate new trends in digital streaming, so has the real estate landscape of the Westside as large-scale content companies seek out space for their quickly expanding operations.

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How to Implement Diverse Hiring Practices

Custom Content by the Los Angeles Business Journal

A diverse workforce has numerous advantages, such as increased profitability, higher employee engagement and a boost to overall innovation.

A Look at the Black Cooperative Investment Fund

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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Letter From The Publisher

Custom Content by the Los Angeles Business Journal

The Los Angeles Business Journal was proud to recently host part two of our Black Business Matters Series.

Tough Road Ahead for Insurance Renewals: What businesses can do to manage costs in an uncertain market

CUSTOM CONTENT

Los Angeles businesses grappling with the pandemic, recession and other operational issues need to factor in one more imminent challenge: Sharply rising insurance costs.

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Wednesday, September 16

CFO Awards Speaker: Brian Hegarty

Custom Content by the Los Angeles Business Journal

After stints at Health Net of California and CIGNA, Hegarty joined Marsh & McLennan in 2008.

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Long Beach Fun Facts: World Wonders and National Novelties

Custom Content by the Los Angeles Business Journal

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

DLBA Launches ‘Shop DTLB’ to Promote Downtown Retail

Custom Content by the Los Angeles Business Journal

In its ongoing effort to stimulate the local economy, the Downtown Long Beach Alliance (DLBA) is launching Shop DTLB, a campaign informing residents and visitors about the Downtown retailers – many of which are independent, minority and woman owned establishments – that continue to operate despite the ongoing health crisis.

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Section of Pine Avenue Closes for Outdoor Dining and More

Custom Content by the Los Angeles Business Journal

If you haven’t been by the beautiful shops and restaurants of downtown Long Beach lately, you may be missing out!

Welcome to Today’s Long Beach

Custom Content by the Los Angeles Business Journal

Settled along five-and-a-half miles of sandy coastline, Long Beach is the quintessential vacation getaway, boasting both the ambiance of a sophisticated urban center and the charm of a seaside community.

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Power of Sponsorship & Mentorship: Pegi Matsuda

Custom Content by the Los Angeles Business Journal

Pegi Matsuda is an experienced and enthusiastic business and community leader with more than 30 years of experience during times of significant industry challenge.

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Today's Work-Life Balance Panelist: Penny Griego

Custom Content by the Los Angeles Business Journal

After a nearly 30-year career in Broadcast Journalism, Penny Griego is now the Media Relations Specialist at L.A. Care Health Plan.

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Leading Through Change Panelist: Anne Miskey

Custom Content by the Los Angeles Business Journal

Anne Miskey Chief Executive Officer of Union Station Homeless Services.

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Tuesday, September 15

Incentify Raises $4.25 Million for Tax Credit Tech

El Segundo-based tax credit and incentives platform Incentify has received $4.25 million in equity investment from Ryan LLC.

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CFO Awards Speaker: Brandon Ferrera

Custom Content by the Los Angeles Business Journal

Brandon Ferrera serves as Southern California market executive for Fifth Third Bank.

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CFO Awards Speaker: Atul Sapra

Custom Content by the Los Angeles Business Journal

Atul is a principal (partner) in the RSM tax services practice.

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Monday, September 14

TikTok Rejects Microsoft, Partners With Oracle

TikTok’s parent company, Beijing-based ByteDance Ltd., has rejected the acquisition proposal from Microsoft Corp. and reportedly accepted a bid from Oracle Corp.

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Getting on Boards Panelist: Donella Wilson

Custom Content by the Los Angeles Business Journal

Donella leads GHJ’s Nonprofit Practice and is President and Chief Philanthropy Officer for GHJ Foundation, GHJ’s vehicle for community giving.

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Road to Entrepreneurship Panelist: Trish Halamandaris

Custom Content by the Los Angeles Business Journal

Trish Halamandaris is Director of the Venture Accelerator at UCLA Anderson, which supports early stage startups.

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Power of Sponsorship & Mentorship Panelist: Mira Hashmall

Custom Content by the Los Angeles Business Journal

Mira Hashmall is an exceptional litigator with a broad range of experience litigating complex civil matters.

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Power of Sponsorship & Mentorship Panelist: Lisa Chapman

Custom Content by the Los Angeles Business Journal

A Managing Director at UBS with over 30 years of experience, Lisa brings a high level of expertise to the challenges facing high net worth families, corporate retirement plans and foundations.

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Navigating Today’s Finance Panelist: Kara S. Boccella

Custom Content by the Los Angeles Business Journal

Ms. Kara S. Boccella is a Partner of the firm and manages Camden Capital’s Century City office. She has spent over 25 years advising legal professionals, executives, entrepreneurs and high net-worth individuals and families in all areas of wealth and investment management, including estate, insurance, legacy, retirement and tax planning.

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Today's Work Life Balance Panelist: Misty De Lamare

Custom Content by the Los Angeles Business Journal

Misty de Lamare is Director of Communications at L.A. Care Health Plan, the nation’s largest publicly operated health plan.

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Getting on Boards Panelist: Lori Anderson

Custom Content by the Los Angeles Business Journal

Lori Anderson joined United Cerebral Palsy of Los Angeles, Ventura and Santa Barbara counties (UCPLA) as President and CEO in January 2019.

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Today's Work Life Balance Panelist: Natalie Barron

Custom Content by the Los Angeles Business Journal

As a Certified Financial Planner and Portfolio Manager at UBS, Natalie creates financial plans and investment strategies to help ensure that her clients and loved ones are financially secure and able to accomplish what matters most to them.

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GoodRx Seeks to Raise $570 Million in IPO

Santa Monica-based GoodRx Holdings Inc. has priced its initial public offering at between $24 and $28 a share and hopes to raise $570 million from the offering.

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Beverly Hills Car Rental Rewards Frontline Workers

David Sajasi, founder of Beverly Hills Car Rental, has been in the exotic and luxury vehicle rental business for about 30 years. “

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L.A Rising: Koreatown

Despite the Covid-19 pandemic, Koreatown continues to be a hotbed of development.

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Motorcycle Parts Maker Signs Big Lease in Cerritos

Motorcycle parts manufacturer Performance Machine has signed a 75-month, 53,552-square-foot industrial lease in Cerritos.

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Carson Development Adds Skydiving Facility

Plenitude Holdings, a partnership of Blanchard Entities and Shopoff Realty Investments, has signed a ground sublease with Carson Outdoor Fly for a skydiving facility in Carson.

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InteliGlas Uses AI Program to Save Energy, Cut Costs

Pasadena-based InteliGlas Corp. integrates artificial intelligence systems into existing buildings for a variety of uses.

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Flying Eagle Sets Deal for Mobile Gaming Company Skillz

Flying Eagle Acquisition Corp., a Century City-based special purpose acquisition company, or SPAC, plans to merge with mobile gaming platform Skillz Inc.

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Inglewood Bitcoin Firm to Expand In-Person Centers

After months of webinars and Zoom meetings, Crypto Blockchain Plug Inc. is coming back to the physical world.

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Broadway Financial Merger Makes History

Hancock Park-based Broadway Financial Corp. is set to become the largest Black-led bank in American history.

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CropSwap App Connects Local Farmers, Consumers

Silver Lake-based CropSwap Inc. is trying to move farmers markets onto a mobile app.

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QLess Software Helps Businesses Cut the Line

With social distancing and masks likely to remain a reality for a while longer, Pasadena-based QLess Inc. is poised to help businesses reduce in-person queues.

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Graze Makes the Cut with Robotic Mowers

Santa Monica-based Future Labs V Inc., which does business as Graze, wants to revolutionize the landscape industry with its robotic lawn mowers.

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$1 Billion Overhaul Underway for Jordan Downs Complex in Watts

Jordan Downs, an expansive housing complex in Watts, is in the midst of a $1 billion redevelopment.

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JetBlue to Add Flights at LAX

Two months after deciding to abandon Long Beach Airport and make Los Angeles International Airport the focus of its Southern California operations, JetBlue Airways Corp. announced it is adding seven flights at LAX.

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Ivy Looks to Provide Flex Space Solutions

Real estate veterans G. Ryan Smith and Michael Zietsman have launched Ivy Offices, a flex space operator based in Santa Monica.

Made Goods Signs Big Lease in City of Industry

A furniture company has signed a 282,000-square-foot lease in the City of Industry.

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Honda, GM Team Up on Electric Vehicles

Honda Motor Co. Ltd., which has its U.S. headquarters in Torrance, and Detroit-based General Motors Co. have formed a North American alliance to develop shared electric vehicle platforms and propulsion systems.

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Radiology Partners to Acquire Mednax for $885 Million

El Segundo-based radiology services company Radiology Partners Inc. has agreed to acquire Mednax Radiology Solutions, a division of Sunrise, Fla.-based Mednax Services Inc., for about $885 million.

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Kroenke’s Rams Kick Off SoFi Stadium Era in Inglewood

SoFi Stadium opened to empty stands but is moving forward with the next phases of its development.

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Mesa West Capital Is Poised to Thrive Amid Pandemic

Having survived one major recession and seen long-term growth in its wake, Mesa West Capital believes the aftermath of Covid-19 could create similar opportunities in their space.

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In Remote Era, LA Litigators Get Ready for Their Closeup

Silent film careers typically tanked with the talkies, and stars of the silver screen often didn’t transition well to TV.

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LABJ Insider

SoFi Stadium’s Opening Is Cause for Celebration — Just Not Yet

Along with 72,000 other people, I was supposed to be at SoFi Stadium on Sunday night, getting a first look at the biggest project to hit the Los Angeles area in decades and watching the Rams take on the Dallas Cowboys.

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LA’s Burgeoning Agtech Industry Sees Green Acres Ahead

While plenty of tech companies are interested in filling up consumers’ feeds, some are more interested in feeding consumers.

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Surf Air Secures $200 Million in Funding Ahead of IPO

Hawthorne-based Surf Air Mobility Corp., the subscription private air service that initially specialized in flying execs between Silicon Beach and Silicon Valley, has secured a $200 million investment that is contingent upon the company going public.

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Friday, September 11

Bonfire Ventures Raises New $100 Million Fund

Santa Monica-based Bonfire Ventures, which focuses on investments in business-to-business software companies, has raised $100 million for its second venture fund.

Thursday, September 10

Coffee Startup Bruvi Raises $2 Million

Beverly Hills-based Bruvi's new funding round will help it launch its mobile app-connected, Wi-Fi enabled coffee makers with recyclable single-serve coffee and tea pods.

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TikTok Discussing Options With US

TikTok’s parent company, Beijing-based ByteDance Ltd., is reportedly in discussions with the U.S. government on ways to avoid a complete sale of TikTok’s U.S. operations.

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Upfront Backs Glendale Cloud Security Firm

Cybersecurity company Britive Inc. has raised $5.4 million in late seed stage funding.

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Tuesday, September 8

American Moves Up Restart of LAX-to-Sydney Flight

American Airlines will relaunch its LAX-to-Sydney service in November, eight months ahead of the carrier's previously planned restart.

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Autry Museum President to Retire

W. Richard West Jr., president and chief executive of the Autry Museum of the American West, plans to retire in 2021.

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Venice Complex Sells for $65 Million

The 70-unit Avalon Venice apartment complex on Rose Avenue in Venice Beach sold for $65 million.

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Monday, September 7

Historic West Hollywood Apartment Building Sells for $16 Million

The iconic El Palacio apartment building in West Hollywood has sold for nearly $16 million.

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2020 Wealthiest Angelenos: Top Gainers

See who the top gainers are on the 2020 Wealthiest Angelenos list.

2020 Wealthiest Angelenos by Rank, Age and Gender

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

Tech Titans See Gains as Industry Becomes Even More Essential

While many industries have struggled in the face of Covid-19, companies in the nimble tech sector have adapted quickly and, in many cases, even thrived.

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Pandemic Cuts Into LA’s Real Estate Markets — and the Portfolios of Some of the City’s Wealthiest

The historically strong real estate market in Los Angeles has faltered during the Covid-19 pandemic.

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Ultra-Rich Make Impact on LA, Even If They Don’t Live Here

Many ultra-rich, part-time Angelenos have a large presence here, and they often contribute more than most full-time residents.

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Musk Leads 2020 LA Billionaires Thanks to Massive Gain

Despite a global pandemic and one of the most tumultuous economic environments in modern history, U.S. billionaires have done surprisingly well in the past year.

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Wealthiest Angelenos 2020: Publisher's Letter

Los Angeles Business Journal Publisher and CEO Josh Schimmels opens the 2020 Wealthiest Angelenos Special Issue.

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Supportive Housing Project Set for Filipinotown

Linc Housing Corp. has partnered with Search to Involve Pilipino Americans on HiFi Collective at 3200 W. Temple St.

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2020 Wealthiest Angelenos by Industry and Location

See where the Wealthiest Angelenos of 2020 live and how they built their fortunes.

Whiskey-Themed Hotel Set for Hollywood

A whiskey-themed hotel under construction near Hollywood Boulevard has just received $35 million in financing.

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Revolve Beats Earnings Expectations for Second Quarter

Preparing for “the worst” helped Revolve Group Inc. surpass analyst expectations and deliver record earnings per share for its second quarter that ended June 30.

Guess Tops Goals for Revenue, Earnings

Shares of Guess Inc. rose about 10% on Sept. 2 after the downtown-based apparel retailer beat Wall Street’s expectations for revenue and earnings for the company’s fiscal 2021 second quarter.

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Puma Study Probes Nerlynx Side Effects

Westwood-based Puma Biotechnology Inc. has published interim results for a study tied to its main drug Nerlynx, an early stage breast cancer treatment that was approved three years ago by the Food and Drug Administration.

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Fulgent Opens First Covid-19 Lab Outside California

Temple City-based genetic testing company Fulgent Genetics Inc. has begun Covid-19 testing at a new facility in Houston — its first testing lab outside of California.

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Byron Allen’s Suit Against Charter Can Move Forward

Byron Allen’s $10 billion lawsuit against Charter Communications Inc. is moving forward.

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CIM Group Sets Record With $506 Million Deal

CIM Group, a development company based in Mid-Wilshire, has purchased a 2,346-unit apartment property in Alexandria, Va., for $506 million, the highest transaction for the Washington, D.C., area ever.

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SpaceX Hits Another Milestone With Launches

Space Exploration Technologies Corp. conducted two launches last week using its Falcon 9 rockets, including one mission that marked another milestone for the Hawthorne-based aerospace company.

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Rocket Lab Deploys First In-House Satellite

Long Beach-based Rocket Lab USA Inc. made a successful return to flight on Aug. 30, rebounding from a July mission where the company lost its launch vehicle and client payloads.

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Southwest Airlines Picks Up Long Beach Slots From JetBlue

Southwest is the new dominant airline at Long Beach Airport.

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Restrictions by China Narrow Options for TikTok

Already facing limited options amid pressure from the White House, any deal for the U.S. operations of TikTok may now encounter opposition from the Chinese government.

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International Traffic Remains Stalled for LA Airports

Domestic air travel has been slowly picking up at L.A.-area airports, but international air traffic remains stalled as foreign travelers steer clear of the coronavirus threat in Southern California.

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LABJ Insider

Now That's Rich

It may seem incongruous at a time like this to be talking about billionaires, but it’s also hard not to when you see the numbers.

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GoodRX Preparing for $100 Million IPO

Santa Monica-based GoodRx Holdings Inc., which operates a popular and fast-growing prescription drug comparison price shopping platform, is poised to become the first L.A. County company to go public in more than a year.

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Santa Monica Pier Businesses in Peril After Bummer of a Summer

Premier Parks, which operates Pacific Park, as well as other businesses on the 111-year-old Santa Monica Pier are trying to make the best of the pandemic, which left the area completely shuttered from March 15 to June 24.

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Family-Owned Developer Decron Eyes Further Expansion

For Mid-Wilshire-based developer Decron Properties Corp., family is key.

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Friday, September 4

Kite Partners to Develop Leukemia Treatments

Santa Monica pharmaceutical concern Kite is partnering with HiFiBiO Inc. to develop therapies to treat acute myeloid leukemia.

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Fulgent Shares Soar on Covid Testing Announcements

Shares of Fulgent Genetics Inc. jumped more than 11% on Sept. 3 following announcements about expanded Covid-19 testing.

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Thursday, September 3

Health Care Panel & Awards: HOSPITAL OR MEDICAL CENTER OF THE YEAR

Custom Content by the Los Angeles Business Journal

A global leader in a number on medical fields, Cedars-Sinai was named our Hospital or Medical Center of the Year this year with particular focus on its groundbreaking liver transplant work.

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Health Care Panel & Awards: ONELEGACY

Custom Content by the Los Angeles Business Journal

As the greater Los Angeles community and the world have adjusted to the realities of the coronavirus, the lifesaving purpose of organ donation and transplantation has continued.

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Health Care Panel & Awards: EDUCATIONAL OR INSTITUTIONAL PROGRAM OF THE YEAR

Custom Content by the Los Angeles Business Journal

As the COVID-19 pandemic hit, USC and Keck Medicine of USC quickly realized front-line health care workers faced high levels of stress.

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Health Care Panel & Awards: RESEARCH ORGANIZATION OF THE YEAR

Custom Content by the Los Angeles Business Journal

COVID-19 has changed the game for every sector of society – businesses shuttered, schools canceled, travel and tourism suspended, and a health-care system stretched to its breaking point.

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Health Care Panel & Awards: COMMUNITY CLINIC OF THE YEAR

Custom Content by the Los Angeles Business Journal

Kheir Clinic is a Federally Qualified Health Center (FQHC) serving the uniquely multicultural Koreatown neighborhood with unparalleled linguistic and cultural competence.

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Health Care Panel & Awards: EXCEPTIONAL COVID-19 RESPONSE AND CARE

Custom Content by the Los Angeles Business Journal

Demonstrating a spirit of collaboration combined with a passion for protecting and healing the people of our region, in a matter of days, the State of California, Los Angeles County, Dignity Health, and Kaiser Permanente partnered to open the Los Angeles Surge Hospital (LASH), a temporary facility that added critically needed beds to help safely meet the needs of an expected surge of patients with COVID-19.

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Health Care Panel & Awards: INSURANCE EXECUTIVE OF THE YEAR

Custom Content by the Los Angeles Business Journal

As a leader in the health insurance sector for more than 40 years, John Baackes, CEO of L.A. Care Health Plan, which serves more members in Los Angeles County than any other health plan, knows all too well there is no shortage of opportunities for improvement and innovation in the industry.

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Health Care Panel & Awards: TRUSTED ADVISOR OF THE YEAR

Custom Content by the Los Angeles Business Journal

Dr. Miatta Snetter is a clinical psychologist and director of clinical services for U.S.VETS Outside the Wire, a veteran-specific mental health program offering free, place-based and virtual, counseling and case management to student veterans at community colleges across Los Angeles and Orange Counties.

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Health Care Panel & Awards: HOSPITAL EXECUTIVE OF THE YEAR

Custom Content by the Los Angeles Business Journal

Karen Grimley came to UCLA Health in 2015. With more than 30 years of experience as a nurse leader she is responsible for the overall delivery and management of nursing practice, education, professional development, research, administration and clinical services, as well as enhancing a compassionate and respectful patient-centered clinical practice environment.

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Health Care Panel & Awards: HOSPITAL CEO OR PRESIDENT OF THE YEAR

Custom Content by the Los Angeles Business Journal

As a seasoned health care executive, Rod Hanners has a proven track record of driving clinical efficiencies and promoting a culture of respect, diversity, trust and teamwork.

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Health Care Panel & Awards: HEALTH SYSTEM EXECUTIVE OF THE YEAR

Custom Content by the Los Angeles Business Journal

Dr. John C. Mazziotta has been CEO of UCLA Health and vice chancellor of UCLA Health Sciences since 2015.

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Wednesday, September 2

Health Care Panel & Awards: Finalists

Custom Content by the Los Angeles Business Journal

Health Care Panel & Awards: Finalists

Tuesday, September 1

TigerConnect Acquires Physician Scheduling Platform

Health care communications company TigerConnect Inc. has acquired Adjuvant Technologies, the operator of a physician scheduling platform.

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Black Business Matters Speaker: Amber Meshack

Custom Content by the Los Angeles Business Journal

Amber Meshack is the Director of the new Business, Jobs, & Social Responsibility division at Los Angeles World Airports.

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