LeBron James’ SpringHill Sets $725 Million Valuation With Minority Stake Investments

The SpringHill Company sold a minority stake to investors that brings its valuation to $725 million.

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Universal Hydrogen Raises $62 Million in Series B

The investment brings Universal Hydrogen’s total funding to $85 million.

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Rocket Lab Acquires Advanced Solutions for $40 Million

The acquisition will strengthen Rocket Lab’s space systems portfolio and gives it a presence in Colorado, which has a large aerospace economy.

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Alhambra Warehouse Gets $21 Million Loan

The property, which was completed in 2019, has nine units and is fully leased.

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Relativity Tests 3D-Printed Rocket for 2022 Debut Launch

Relativity aims for Terran 1 to be the first entirely 3D-printed rocket to reach low-Earth orbit.

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USC Viterbi Engineering School Receives New $14M Gift From USC Trustee Epstein

The USC Viterbi School of Engineering announced Oct. 11 that it has received a new $14 million gift from USC Trustee Daniel Epstein.

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World of Wonder Sets Bar for LGBTQ Media Production

In a media landscape where representation is becoming more important than ever, World of Wonder Productions Inc. kicked open the door for LGBTQ companies 30 years ago with a plan to create a platform for artists and creatives who were not being recognized in the mainstream media.

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SDS Capital Invests Over $100 Million to Build Low-Income Housing in LA

Westwood-based SDS Capital Group has closed on a $150.8 million fund as part of the company’s larger efforts to invest in distressed communities around the country.

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Actor Trade Audition App Helps Actors Rehearse, Make Connections

As an actor with more than a decade of experience, Dylan Mooney was always in need of a scene partner.

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LA Care Expands Mission to Address Physician Shortage, Housing for Homeless

L.A. Care Health Plan, the behemoth Westlake-based provider of health insurance that now covers nearly one in four L.A. County residents, has been broadening its reach, moving into a new market and tackling societal concerns.

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LABJ Insider: Employers Find New Ways to Differentiate Themselves and Attract Talent

Employers aren’t just competing to attract and retain talent these days in an effort to stem the tide of the Great Resignation; they’re also finding new ways to differentiate themselves.

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Orca Security Raises $550 Million

Cybersecurity company Orca Security Ltd. scored a massive payday.

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LA-Area Airport Traffic Down as Covid Surges, Crew Shortages Slam Airlines

The rebound in air travel at local airports hit some turbulence in August with passenger counts down 7% from July thanks in part to the rapid spread of the delta variant of the coronavirus.

Rexford Buys $285 Million in Industrial Real Estate

Brentwood-based Rexford Industrial Realty Inc. has since last month acquired a handful of industrial properties for a total price of $286 million and disposed of one of its assets for $18.6 million.

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Romeo Power Moves Headquarters From Vernon to Cypress

Romeo Power Inc. has signed a 215,000-square-foot lease for a new headquarters and manufacturing facility in Cypress with Warland Investments Co.

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Mount Auburn Multifamily Receives $150 Million Investment

Century City-based Mount Auburn Multifamily has received a $150 million investment from Montreal-based Ivanhoé Cambridge Inc., which it plans to use to continue its goal of acquiring and developing multifamily properties.

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Marquis Property Co. Sells Santa Monica Apartment Building for $70 Million

A 38-unit multifamily property in Santa Monica has sold for $70 million.

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Brentwood Associates Invests in Service Management Group

Sawtelle-based private equity firm Brentwood Associates has made a strategic investment in Kansas City, Mo.-based Service Management Group, a software developer involved in management experiences.

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Kitchen United Acquires Zuul Kitchens

Kitchen United Inc. announced it has acquired a competitor, New York City-based Zuul Kitchens Inc., on undisclosed terms.

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Green Dot Halts Republic Bank Tax Business Acquisition

Republic Bancorp Inc.’s Republic Bank & Trust has filed a lawsuit against Green Dot Corp. for breaking its agreement to buy the Kentucky bank’s tax refund processing business for $165 million.