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.

Uplifting Results Labs Raises $8.2 Million

Uplifting Results Labs Inc., the Playa Vista-based nutrition startup behind the Muniq health brand, raised $8.2 million in Series A funding, the company announced Jan. 12.

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New LA Tourism Chief Burke Isn’t Deterred by Tough Times

Before the pandemic, Adam Burke, chief executive of the Los Angeles Tourism and Convention Board, would have called you “crazy” if you told him that he’d be happy to report that Los Angeles hotels were at 50% occupancy.

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Air Passenger Counts Are Tanking, But Air Lease Is Flying High

The industry that Century City-based Air Lease Corp. operates in is in critical condition.

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From A/C Units to Dog-Walkers, Companies Offer More Perks During Pandemic

Some of the strategies local companies implemented last year to ease the burden of the pandemic on their workforce will likely evolve into permanent job perks once things return to normal.

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WeeCare Helps Home Day Care Businesses Stay Afloat

Three years ago, local entrepreneur and expectant mother Jessica Chang received some surprising advice.

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LABJ Insider: LA-Adjacent Billionaires Musk, Bezos Battle It Out

One of the most popular stories for the Business Journal last year came from our Wealthiest Angelenos special issue.

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LA Companies Gear Up for Virtual CES

For the Consumer Technology Association, the show must go on. The three-day virtual version of the trade show is scheduled to run from Jan. 12 through Jan. 14.

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Bainbridge Sets $500 Million Fund to Buy Hotels

At a time when many investors are staying away from hotels and other hospitality properties, West Hollywood-based Bainbridge DXS has announced a $500 million fund to acquire investments and do debt takeovers of hospitality assets.

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Development Site Near Culver City Sells for $92 Million

A 3.5-acre mixed-use development site near the border of Culver City has sold for $92 million.

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Rexford Buys Industrial Properties for $103 Million

Brentwood-based Rexford Industrial Realty Inc. has acquired an industrial portfolio and an outdoor storage property for $103.1 million.

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Sloan, Sagansky Plan $1.5 SPAC

Veteran investors and former media executives Harry Sloan and Jeff Sagansky are looking to raise their largest special purpose acquisition company, or SPAC, yet.

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Colony Capital Moves Headquarters to Florida

Real estate investment firm Colony Capital Inc. has relocated its corporate headquarters from downtown to Boca Raton, Fla.

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Public Storage Adds Properties, Board Members

It’s been a busy few weeks for Glendale-based self-storage company Public Storage.

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J2 Global Closes 4 Acquisitions

Internet services company J2 Global Inc. finished up 2020 on a buying spree.

How Industrial Became LA’s Hottest Real Estate Category in 2020

Real estate companies wrapped a big year for industrial sales in L.A.

Startup Mothership Helps Businesses Navigate Shipping Logistics

It’s no secret that ecommerce surged in 2020 as Americans adapted to doing more working, eating and shopping from home.

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Kindest Aims to Simplify Fundraising for Nonprofits

Every year hundreds of thousands of nonprofits scrounge for donations just to keep the lights on.

Fitness App Shred Lets Users Work Out With Friends

With indoor gyms closed for most of the last year, plenty of fitness-focused Angelenos have gotten used to working out from home.

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SSI Investment Rides in Style With Convertibles

Beverly Hills-based SSI Investment Management has experienced significant upside over the last year through its focus on a relatively niche asset class.

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EV Battery-Maker Romeo Goes Public

Vernon-based electric vehicle battery-maker Romeo Power Inc. has gone public via a special purpose acquisition company, or SPAC.

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Icahn Sells $600 Million in Herbalife Stock

Activist investor Carl Icahn has sold the majority of his shares in Herbalife Nutrition Ltd. and has relinquished his five board seats at the downtown-based nutritional supplement company.

Partners CRE Closes $200 Million in Commercial Deals

In two short years, Beverly Hills-based Partners CRE has grown dramatically.

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Standard Communities Converts Carson Apartments to Workforce Housing

Standard Communities, the affordable housing division of Standard Cos., has created 150 units of workforce housing in Carson through a public-private partnership.

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Multifamily Buildings in Central LA Sell for $20 Million

Two multifamily buildings in Central Los Angeles have sold for a total of $20.5 million.

LA’s Esports Companies Are Poised for Strong Growth in 2021

Video games attracted record-breaking numbers of players in 2020, and the esports industry appears poised to grow rapidly in the year ahead.

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LA’s Big Game Developers Ride the Mobile Wave

Culver City-based Scopely Inc.’s “Scrabble GO” might seem like a typical multiplayer mobile word game.

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