LASED Announces First Tenants, Inaugural Taylor Swift Concert

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

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Fair Obtains $500 Million Credit Facility

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

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Los Angeles Philharmonic CEO Woods Resigns Abruptly

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

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Writers Guild Incumbents Cruise to Victory

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

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Two Development Sites in Santa Monica Secure $44 Million Loan

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

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Disney Lays Off 130 More Workers

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

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Former Manager of CBS Credit Union Sentenced

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

Ports See Slowdown

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

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Visa Acquires Payment Protection Company Verifi

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

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Relativity Signs Launch Agreement with Momentus

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

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

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

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

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

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Downtown Medical Office Sells for $85 Million

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

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El Segundo Manufacturing Building Sells for $84 Million

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

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USC Athletic Director Lynn Swann Resigns

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

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Grocery Workers Union Deal May Avert Strike

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

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Investment Group Buys Beverly Hills Courier from Meehan Trust

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

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

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

Koreatown Building Sells for $189 Million

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

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AEG Extends Contract to Host Emmys

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

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