LA BUSINESS JOURNAL DAILY NEWS

How LA-Based Public Company Stocks Performed in 2021

Buoyed by the city’s position as a global leader in finance and technology, publicly traded companies in Los Angeles in 2021 maintained the previous year’s strong performance though, overall, it did not show the same gains as major market indexes.

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Soon-Shiong Pours Another $300M Into ImmunityBio

After a rough inaugural year as a publicly traded company, has ImmunityBio Inc. finally turned the corner?

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Arrowhead Pharmaceuticals Plans $250M Manufacturing Plant in Wisconsin

Pasadena-based Arrowhead Pharmaceuticals Inc. last month announced an investment of up to $250 million for a new drug manufacturing facility outside of California.

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Prolacta Bioscience Begins Testing Its Breast Milk-Based Products for Use in Japan

Duarte-based Prolacta Bioscience Inc., which has been fortifying and supplying human breast milk from donors to premature and critically ill infants in hospitals across the United States since 1999, is attempting to go international for the first time.

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Skechers Brings Philippines Operations In-House

Skechers USA Inc. said it took back its operations in the Philippines from a third-party distributor, Trendworks International Corp., and assigned it to a newly formed subsidiary, Skechers USA Philippines Inc.

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Beyond Meat Plans R&D Center in Shanghai

El Segundo-based Beyond Meat Inc.’s version of plant-based fried chicken will be available this week at more than 4,000 KFC restaurants nationwide.

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Honda Sales Steady Despite Supply Chain Challenges

Torrance-based American Honda Motor Co. Inc. sold nearly 1.5 million vehicles last year despite a global semiconductor chip shortage and other supply chain issues.

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LaTerra Expands With Acquisitions, Loans and Development

Century City-based LaTerra Development had a busy end to 2021, which its executives attribute to a strong marketplace.

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Decron Expands in Phoenix With $100 Million Purchase

Carthay-based Decron Properties Corp. has expanded its reach in the Phoenix area with the $101 million acquisition of Arrowhead Ranch by Baron.

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Champion Real Estate Sells Nashville Asset

Sawtelle-based value-add real estate investor Champion Real Estate Co. has sold a 74-unit multifamily property in Nashville, Tennessee, for $20.5 million.

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Gaming Companies Move Forward With Efforts to Improve Employee Diversity

More than four years after the #MeToo movement cast an ominous spotlight on the state of sexual harassment in workplaces, the tech industry continues to be hit with complaints about its homogenous culture.

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How Top Deals of 2021 Have Game Producers Primed for a Big Year Ahead

The gaming industry has been one of the significant beneficiaries of Covid-related lockdowns and stay-at-home orders, and companies of all sizes have seized new opportunities.

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Production Company AGBO Gets $400M to Expand Into Gaming, ‘Interactive Experiences’

Tokyo-based gaming company Nexon Co. Ltd. made a $400 million investment for a 38% stake in downtown-based production company AGBO Films.

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Clean Tech Startup Mote Unveils Plans for $100M Carbon Capture Plant

There’s a new local entrant in the global decarbonization race: Culver City-based cleantech startup Mote Inc.

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Curling Center Reflects Vernon’s Push to Grow Beyond Industrial Reputation

Peter Dohm’s list of top places to build an ice curling facility in 2019 did not include Vernon.

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Malka Media Aims to Bridge Media, Financial Worlds

A content studio and digital bank might seem like an unconventional marriage, but Malka Media Group’s acquisition by MoneyLion Inc. is part of a long-term plan by Malka’s leadership.

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AEG Installs UV Disinfection System at Toyota Center to Fight Covid

An ice resurfacer, colloquially referred to as a Zamboni regardless of its brand, has long been the most visible method by which hockey teams maintain the cleanliness of their rinks.

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LABJ Insider: Don’t Watch Trends, Adapt Strategies to Leverage Them

Welcome to 2022 where folks are itching to move forward but are still burdened with pandemic fatigue and uncertainty.

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Ares Buys $1.7 Billion of Industrial Real Estate

Century City-based Ares Management Corp., using funds managed by Ares Real Estate Group, has acquired two portfolios of 75 industrial properties for $1.7 billion.

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Solar Energy Company Heliogen Set for New Year’s Eve Debut on NYSE

As the clock was running out on 2021, L.A. County was poised to get another publicly traded company: Pasadena-based solar technology firm Heliogen Inc.

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