LABJ WEEKLY EDITION

LA500 Special Issue: The Most Influential People in L.A.

The Business Journal unveils its fifth annual LA500 list, honoring the most influential leaders and executives in Los Angeles.

Cleared to Open, Many Indoor Venues Take Slow Approach

Indoor entertainment and sports venues in Los Angeles County may have a green light from the state to reopen to the public on April 15, but it could be a while before many building owners and operators welcome fans back.

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MJW Investments Sees Growth Through Co-General Partnerships

Santa Monica-based MJW sees major growth in co-general partner arrangements.

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Pain at the Ports as Cruise-Related Businesses Wait Out Pandemic

John Tallichet was looking forward to the opening of the new Gerald Desmond Bridge across the Back Channel at the Port of Long Beach.

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Zwift Riding High Thanks to Demand

Zwift has raised a total of $620 million. The company plans to use this funding to further develop its app as well as Zwift-branded hardware, which it sells online.

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LABJ Insider: Into the Great Reopen

We now have a target date for the great reopening.

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OpenGate Buys European Manufacturing Software Firm

Century City-based private equity firm OpenGate Capital has purchased Kongsberg Precision Cutting Systems from Esko-Graphics.

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Agilon Health Seeks $1.7 Billion in IPO

Long Beach-based Agilon Health Inc., which helps primary care physician groups to cap costs for their Medicare Advantage patients, is seeking to raise up to $1.7 billion from its IPO.

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Resmark Launches $220 Million Fund

Westwood-based Resmark Cos., a residential real estate investment manager, has launched a $220 million fund for its new Resmark Model Home Sale-Leaseback Venture.

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Software Provider 3PL Central Raises $45 Million, Makes Acquisition

El Segundo-based 3PL Central, a warehouse management software provider that has seen skyrocketing sales during the Covid-19 pandemic, last week raised $45 million in financing.

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Macerich Sells Phoenix Mall for $100 Million

Macerich Co., a Santa Monica-based shopping mall owner and investor, said it sold Paradise Valley Mall in Phoenix for $100 million.

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Space Force Establishes Major Command Center in El Segundo

Space Force officials announced April 8 that Los Angeles will be a key base of operations for the recently established branch of the U.S. armed forces.

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Players to Know in LA’s Fast-Growing Professional Esports Industry

Most Los Angeles residents are well-acquainted with local teams like the Dodgers, Lakers and Rams — as well as the massive venues where they play their home games.

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NYDJ Apparel Looks to Expand Its Appeal

NYDJ Apparel, a jeans brand that made its mark by catering to consumers over the age of 40, is looking to broaden its appeal.

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Frameless Hardware Acquires Commercial Glass Assets

South Gate-based glass company Frameless Hardware Co. has acquired assets from Texas company Columbia Commercial Building Products.

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Trader Joe’s Digital Cards to Aid Shoppers With Autism

Trader Joe’s Co. has collaborated with Toronto-based Magnusmode Ltd. to publish a set of digital cards to help people with autism spectrum disorder or Down syndrome shop at its stores.

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Startup Creates Concrete That Reduces Carbon Emissions

Westwood-based startup CarbonBuilt Inc. has a concrete plan for reducing carbon emissions.

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El Segundo Opposes LAX Terminal Plan

El Segundo, which sits on the airport’s southern edge, last month sent in comments opposing LAWA’s proposal to add two new terminals as part of the Airfield and Terminal Modernization Project.

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Cadiz Faces New Suit Over Water Pipeline

Another legal challenge has been launched against a project by downtown-based water infrastructure company Cadiz Inc. to pump and transport water from its desert aquifer.

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Nightfall Group Grows High-End Rental Business From Humble Origins

Nightfall Group, an exclusive concierge and management service for pricey short-term rentals, was buffered from the worst impacts of the pandemic.

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East Hollywood Development Gets $22 Million Construction Loan

An apartment development in East Hollywood has secured a $21.5 million construction loan from Brentwood-based Parkview Financial.

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Xenon Buys Hollywood Apartment Complex for $21 Million

A 60-unit multifamily building dubbed the Hollywood Regency Apartments has sold for $21.3 million.

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Business of Sports: Why Dodgers President Stan Kasten Is Sticking With His Game Plan

2021 Business of Sports Special Report

In the afterglow of their first World Series title in 32 years, the stars would seem to be aligned for the Los Angeles Dodgers.

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Business of Sports: How the Clippers Win With Their Sponsors

2021 Business of Sports Special Report

The way the Los Angeles Clippers see it, they’ve got two star-studded rosters.

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2021 Business of Sports Special Report

The Business Journal goes deep to see how the Los Angeles sports market and some of its biggest players have met the challenges posed by the pandemic.

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Pomona Drilling Company DJ Scheffler & Nye Tackle Tough Projects

Pomona-based specialty drilling contractor D.J. Scheffler & Nye Inc works on some of the region's toughest projects.

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Coworking Companies Seek Fresh Start in LA

These companies are bringing a new kind of coworking to L.A.

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