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.

Surf Air Mobility Enters Race for Green Air Travel

Hawthorne-based private air carrier Surf Air Mobility Corp. has embarked on an ambitious plan to grab the lead in the race to decarbonize air travel.

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Zest Gives Credit Scores a Reboot

Burbank-based ZestFinance Inc. is focused on developing credit underwriting standards and software to improve credit scoring methods.

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Black-Owned Bookstore Malik Books Expands Despite Pandemic Challenges

Bookstores were hit hard during Covid lockdowns, but Malik Books — an independent African American bookstore — managed to stay afloat and branch out.

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LA Auto Show Returns With EV Focus

After a 24-month hiatus, the Los Angeles Auto Show is getting ready to take over the Los Angeles Convention Center come November.

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SpaceX Lands $178 Million NASA Contract for Jupiter Mission

Hawthorne-based Space Exploration Technologies Corp. has been awarded a $178 million contract by NASA for its mission to investigate Europa, one of Jupiter’s moons.

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GLP Capital Raises $2.3 Billion for Logistics-Related Real Estate

A well-heeled Santa Monica-based private equity investment manager has raised more than $2.3 billion to buy logistics-related real estate.

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Jam City Still Eying Public Offering After Canceling SPAC

Culver City-based mobile gaming company Jam City Inc., which canceled plans for a SPAC merger last week, will continue to pursue a public offering.

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That’s No Moon Launches With $100 Million Investment

Sawtelle-based gaming studio That’s No Moon Entertainment Inc. launched July 28 with a $100 million investment from Smilegate Entertainment, a global game development company based in Seoul, South Korea.

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Tetra Tech Acquires UK Consulting Firm

Pasadena-based consulting and engineering firm Tetra Tech Inc. has added to its British collection.

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Inspire Energy Acquired by Shell

It’s quite an ironic company exit.

City National Bank Adds Branches, Doubles Workforce

Downtown-based City National Bank has opened more branches during the pandemic, a move that other banks have shied away from as they’ve embraced closures.

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Hope Bancorp to Repurchase $50 Million in Stock

Hope Bancorp Inc., the Koreatown-based holding company of Bank of Hope, announced plans to repurchase up to $50 million of its common stock.

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Hudson Pacific to Build New Studio in Sun Valley

Brentwood-based Hudson Pacific Properties Inc. and New York-based Blackstone Group Inc. have announced plans for Sunset Glenoaks Studios, a new studio in Sun Valley.

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Rocket Lab Launches First Mission Since May Failure

After a quiet start to the summer, Rocket Lab USA Inc. is back in action.

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Jay-Z, Will Smith Back Home Fintech Startup

Los Angeles billionaire and business mogul Shawn “Jay-Z” Carter, who ranked No. 45 on the Business Journal’s 2020 Wealthiest Angelenos list, participated in a $165 million raise for a company that helps people with blemished credit records buy a home.

Endeavor’s On Location Firm Acquires Qcue

Endeavor Group Holdings Inc.’s experiential events firm On Location Experiences has acquired ticketing software company Qcue Inc.

Media, Entertainment Drive LA’s Growth as a Tech Hub

Los Angeles is cementing its status as a hotspot for the tech industry.

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Mattel Outpaces Industry With Strong Sales

Mattel Inc. surpassed Wall Street estimates for revenue and earnings and outpaced its competitors in the second quarter that ended June 30.

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Fisker Makes $10 Million Investment in EV Charging

Fisker Inc. is eyeing vertical integration.

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Newegg Share Prices Level Off After July Surge

July was a volatile month for Newegg Commerce Inc.’s stock.

LAX Makes Headway on $14.5 Billion Modernization

Last month saw several significant milestones on different fronts in the $14.5 billion effort to modernize Los Angeles International Airport.

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Metro’s Regional Connector Enters Final Construction Phase

The final major construction push for the long-awaited $1.8 billion Metro Regional Connector Transit Project through downtown has finally arrived.

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Vegas-to-LA Rail Developer Buys Land for Second Station

With its announcement of a land acquisition in Las Vegas last month, the developer of a high-speed rail line between Las Vegas and Southern California now has land for two key stations.

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Decron Makes Big Push into Arizona

Mid-Wilshire-based Decron Properties Corp. is on a big push to acquire multifamily assets in Arizona.

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Chapman Plaza Secures $26 Million Loan

Downtown-based Arc Capital Partners has been given $25.5 million in senior bridge financing for Chapman Plaza, a 43,000-square-foot retail center in Koreatown.

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Companies Snatch Up Industrial Sites in Santa Fe Springs

Two industrial sales in Santa Fe Springs were recently announced.

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