LABJ WEEKLY EDITION

Health Care Special Report

The market for health care in the Southland has never been more robust.

Diversity Drivers

LA-based PE firms lead the way — and reap the rewards — with new approaches

Many private equity firms have come to embrace the notion that achieving ethnic diversity and gender balance is vital to their long-term competitiveness.

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2020 Private Equity Special Report

LA’s private equity firms are charting a new course in turbulent times

Our timely special report on L.A.’s private equity scene takes a close look at how some of the city’s top firms are acting and reacting now, and how they’re positioning themselves for the uncertain times ahead.

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Loaded for Bear

Private equity firms ready for the worst, look for the best during the market’s downturn

Private equity firms have been forced to rethink their strategies nearly overnight, searching for ways to survive — and thrive — amid the current market's uncertainty.

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Medical Companies Quickly Pivoting

LA firms seeking ways to fight virus

As the coronavirus pandemic rages, many local biomedical and health care companies are rapidly turning their businesses toward fighting Covid-19.

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MGM Plays Waiting Game

Delay to Bond film causes concern

MGM had hoped its latest Bond film would ease its financial concerns this month but it was forced to delay the release until November.

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Hearthy Offers Healthy Fare

Alternative flour maker sees gains in market

The recent shortage of all-purpose flour has forced some consumers to reach for Hearthy Foods’ non-grain options.

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LABJ Insider

Helping Hands

Read this week's column from Los Angeles Business Journal Editor Scott Robson for goings-on in L.A.'s business community.

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Prime Coastal Site Sells in Redondo

Mixed-use development is expected to replace aging power plant

AES Corp. has sold a prime 51-acre coastline site in Redondo Beach to a private developer.

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Venues Top List of Virus-Fueled Layoffs

Arenas, stadiums and casino among businesses hit hard by furloughs

The first wave of furloughs reported to the state’s Employment Development Department includes 9,591 workers from 36 companies in Los Angeles County.

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Bird Rides, ZipRecruiter Slash Teams by One-Third

Slowdown prompts businesses to scale back

Two high-flying Santa Monica-based companies each cut about one-third of their workforces, totaling nearly 900 people, in response to the coronavirus pandemic.

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WeHo Site Sells for $21 Million

Retail property sits on Melrose Ave.

Century City-based real estate investment company Blatteis & Schnur Inc. purchased a West Hollywood retail property for $20.6 million.

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Soon-Shiong Bids for St. Vincent

Seeks to reopen Westlake hospital

Patrick Soon-Shiong has submitted an offer to buy the recently shuttered St. Vincent Medical Center in Westlake for $135 million.

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City National Says No to Layoffs

Bank also plans $2 million donation

Downtown-based City National Bank has joined a host of global financial institutions in promising to avoid layoffs in the face of the coronavirus crisis.

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Sanitizer Production Boosts Local Distillers

Businesses race to keep up with demand

For L.A. distillers, a quick pivot to producing hand sanitizer instead of crafting small-batch spirits made civic and, they hope, business sense.

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Stream Teams

As viewers turn to streaming, content companies turn to LA

Although some of the companies may be headquartered elsewhere, the heart and soul of entertainment’s streaming video industry lives and thrives in Los Angeles.

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Major Projects Remain on Track

Work for LAX, Metro is considered essential

While work has shut down across much of the region as shelter-in-place restrictions have taken hold, construction on several of the area’s largest infrastructure projects has mostly continued apace.

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Work Begins at LAX

Crews pour first concrete for car rental facility

Construction crews in March completed the first concrete pour for the foundation of the $1 billion consolidated car rental facility east of LAX.

Pain at the Pump for Gas Stations

Plunging demand hurts United Pacific, others

The stay-at-home orders imposed to combat the Covid-19 pandemic have cut demand in half at local gas stations, even as the average price for a gallon in Los Angeles County dips to $3.32.

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LA Enlists Port Chief

Garcetti enlists Seroka to join Covid-19 battle

Port of Los Angeles Executive Director Gene Seroka picked up additional duties last week when he was named the city’s new logistics officer by Mayor Eric Garcetti.

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Torrance Site Sells for $74 Million

Rent-subsidized senior property will be renovated

A 180-unit multifamily property in Torrance, the Golden West Tower, has sold for $74 million.

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Virus Forces Brokers to Get More Creative

Listing agents turn to virtual tours and 3D images

Top residential real estate agents in Los Angeles are trying to find ways of selling properties while people are observing the “safer at home” ordinance.

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Multifamily Portfolio Fetches $22 Million

Beverly Grove apartment buildings total 60 units

A portfolio of four multifamily properties with a total of 60 units in Beverly Grove has sold for $22.4 million.

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Staying Sharp

Elicia Castaldi I Girl with Knife

Girl with Knife founder Elicia Castaldi brings an edge to her stationery company and her sense of fashion.

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2020 Environmental Business Special Report

Consumers demand environmentally friendly solutions from nearly every industry. Here’s how some L.A. companies are responding — and thriving.

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Risks and Rewards

Oskouian likes her chances when it comes to growing Ship & Shore

Ship & Shore has 90 full-time employees and pulls in between $20 million and $25 million a year designing and making a range of air pollution control devices.

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By a Thread

360Sweater spins up a range of recycled cashmere products

360Sweater's Naked Cashmere line is made from cashmere recycled from never-worn clothing items.

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