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.

World of Wonder Sets Bar for LGBTQ Media Production

In a media landscape where representation is becoming more important than ever, World of Wonder Productions Inc. kicked open the door for LGBTQ companies 30 years ago with a plan to create a platform for artists and creatives who were not being recognized in the mainstream media.

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SDS Capital Invests Over $100 Million to Build Low-Income Housing in LA

Westwood-based SDS Capital Group has closed on a $150.8 million fund as part of the company’s larger efforts to invest in distressed communities around the country.

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Actor Trade Audition App Helps Actors Rehearse, Make Connections

As an actor with more than a decade of experience, Dylan Mooney was always in need of a scene partner.

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LA Care Expands Mission to Address Physician Shortage, Housing for Homeless

L.A. Care Health Plan, the behemoth Westlake-based provider of health insurance that now covers nearly one in four L.A. County residents, has been broadening its reach, moving into a new market and tackling societal concerns.

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LABJ Insider: Employers Find New Ways to Differentiate Themselves and Attract Talent

Employers aren’t just competing to attract and retain talent these days in an effort to stem the tide of the Great Resignation; they’re also finding new ways to differentiate themselves.

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Orca Security Raises $550 Million

Cybersecurity company Orca Security Ltd. scored a massive payday.

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LA-Area Airport Traffic Down as Covid Surges, Crew Shortages Slam Airlines

The rebound in air travel at local airports hit some turbulence in August with passenger counts down 7% from July thanks in part to the rapid spread of the delta variant of the coronavirus.

Rexford Buys $285 Million in Industrial Real Estate

Brentwood-based Rexford Industrial Realty Inc. has since last month acquired a handful of industrial properties for a total price of $286 million and disposed of one of its assets for $18.6 million.

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Romeo Power Moves Headquarters From Vernon to Cypress

Romeo Power Inc. has signed a 215,000-square-foot lease for a new headquarters and manufacturing facility in Cypress with Warland Investments Co.

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Mount Auburn Multifamily Receives $150 Million Investment

Century City-based Mount Auburn Multifamily has received a $150 million investment from Montreal-based Ivanhoé Cambridge Inc., which it plans to use to continue its goal of acquiring and developing multifamily properties.

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Marquis Property Co. Sells Santa Monica Apartment Building for $70 Million

A 38-unit multifamily property in Santa Monica has sold for $70 million.

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Brentwood Associates Invests in Service Management Group

Sawtelle-based private equity firm Brentwood Associates has made a strategic investment in Kansas City, Mo.-based Service Management Group, a software developer involved in management experiences.

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Kitchen United Acquires Zuul Kitchens

Kitchen United Inc. announced it has acquired a competitor, New York City-based Zuul Kitchens Inc., on undisclosed terms.

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Green Dot Halts Republic Bank Tax Business Acquisition

Republic Bancorp Inc.’s Republic Bank & Trust has filed a lawsuit against Green Dot Corp. for breaking its agreement to buy the Kentucky bank’s tax refund processing business for $165 million.

TikTok Parent ByteDance Ordered to Pay $92M Privacy Settlement

ByteDance Ltd. will have to pay $92 million in a class action settlement for violating user privacy on TikTok.

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Loop Media Partners With Margaritaville for Times Square Resort

Loop Media Inc. is expanding its partnership with Orlando, Florida-based Jimmy Buffet’s Margaritaville.

LA’s Life Sciences Sector Sees Growth in NIH Funding, Nears 100,000 Jobs

L.A.’s bioscience sector directly employs nearly 100,000 people and saw a 65% jump in National Institutes of Health research funding last year.

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Xencor Inks Second Deal With Janssen Pharmaceuticals This Year

Monrovia-based biopharma company Xencor Inc. on Oct. 4 announced its second collaboration and license agreement with Janssen Biotech Inc. in 10 months — this one to develop and commercialize its drug candidate that stimulates T cells to treat certain types of lymphomas.

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Fulgent Wins Contract to Provide Covid-19 Tests to Students at Houston-Area Schools

The demand for Covid-19 testing isn’t slowing down, and Temple City-based Fulgent Genetics Inc. continues to answer the call.

Emanate Health Breaks Ground on New $125 Million Expansion

Covina-based hospital network Emanate Health has officially embarked on an ambitious $125 million facilities expansion program for its hospitals in the eastern San Gabriel Valley.

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Fisker Launches EV Development Division in the UK

Fisker Inc. is launching a specialty vehicle engineering and development division in the United Kingdom to be led by David King, former chief special operations officer at Aston Martin Lagonda Ltd.

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Vernon Logistics Company Lays Off Hundreds in Split From Amazon

QX Logistix Inc. in Vernon is divesting from its Amazon delivery business to concentrate on warehousing, ecommerce fulfillment and transportation.

Stimulus Funding Drives Record Orders of Classroom Furniture

A Torrance-based school furniture-maker, contending with a record order backlog, said stimulus funding is driving a substantial increase in spending on furniture and equipment for schools.

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LPC West Plans Creative Office Site in Culver City

LPC West, the West Coast arm of developer Lincoln Property Co., has plans to develop a creative office project in Culver City.

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Westlake Multifamily Building Sells for $25 Million

The Bristol Garden, a 100-unit Westlake apartment building, has sold for $25.5 million.

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GPI Cos. Buys Burbank Medical Building for $24 Million

Brentwood-based GPI Cos. has purchased a medical office building in Burbank for $23.9 million.

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