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.

GoodRx Founders Poised for Big Gains From IPO

GoodRx Holdings Inc. founders Doug Hirsch and Trevor Bezdek are positioned to reap handsome rewards from the planned initial public offering of their Santa Monica-based prescription drug price shopping platform.

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Arrowhead’s Liver Drug Shows Early Promise

Shares of Pasadena-based Arrowhead Pharmaceuticals Inc. shot up 40% last week on news of positive preliminary results from a clinical trial for the company’s drug to treat a rare liver disease.

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TrueCar Expands Management Team

TrueCar Inc., the Santa Monica-based online car-buying marketplace, has named three executives to its expanded management team and has added a member to the company’s board.

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Fitness App Maker Zwift Secures $450 Million in Funding

Zwift Inc., the Long Beach-based maker of a popular at-home cycling and running app, has raised $450 million in Series C funding.

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Multifamily Portfolio Secures $57 Million Loan

A multifamily portfolio, consisting of four properties in West Los Angeles and Beverly Hills has received a nearly $57 million loan.

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OSI Systems Wins $44 Million in Contracts

September is off to a good start at Hawthorne-based OSI Systems Inc.

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CAA, WGA Agreement Remains Uncertain

It was a case of dueling memos last week for tthe Writers Guild of America and the powerful Creative Artists Agency.

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Beyond Meat Launches Ecommerce Site

Beyond Meat Inc., a maker of plant-based meat alternatives, launched an ecommerce website last month as part of a strategy to explore new or under-tapped retail opportunities.

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Ecommerce Returns Service Happy Returns Adds Dressbarn

Dressbarn, a women’s apparel brand that emerged from bankruptcy in January as a digital-only retailer, has selected Happy Returns Inc. to handle its in-person returns.

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Edison to Build 38,000 EV Charging Stations

Electric car drivers, a charging station will soon be arriving near you.

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8minute Solar Signs Another Major Deal

Mid-Wilshire-based 8minute Solar Energy has secured its third recent deal to build a major solar power generation and storage plant in the Central Valley.

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LAX Awards $335 Million Ground Access Contract

Los Angeles World Airports, the city agency that oversees Los Angeles International Airport, took a major step forward this month on roadway and utility improvements that are part of a $5.5 billion plan to improve ground access to LAX.

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LA Food Bank Pays $52 Million for Industrial Site

An industrial building in the City of Industry has sold for $52.1 million to the Los Angeles Regional Food Bank.

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Multifamily Portfolio Sells for $33 Million in Central LA

An 11-building multifamily portfolio of properties in Central Los Angeles has sold for $33.2 million. The buildings range from 13 to 21 units.

Retail Developer Paragon Bets on Grocery-Anchored Centers

Despite Covid-19, Paragon Commercial Group is still betting big on retail developments.

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SPAC Attack: Investment Vehicles See Surge in Popularity

Special purpose acquisition companies, or SPACs, are in the midst of their biggest moment yet.

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Local Credit Unions Offer Relief From Financial Storm

When the novel coronavirus pandemic first took hold in California, the state’s credit unions acted quickly.

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LABJ Insider: Reason to Cheer at UCLA

Feeling (Bruin) Blue

Most universities don’t have a lot to cheer about at the moment, what with Covid-19 upending almost every aspect of academic life and forcing the majority of schools into remote learning arrangements.

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LA, Long Beach Ports Report Big Gains for August

The busy season at the San Pedro Bay Port Complex is off to a good start, with both ports reporting cargo volume increases for August.

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Oracle Agreement for TikTok Sets Technology Partnership

Facing a Sept. 20 deadline from the White House to find a buyer for its U.S. operations, TikTok parent company ByteDance Ltd. has accepted a bid from Oracle Corp.

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In Commercial Real Estate, Women Still Face Uphill Climb

There are far fewer women in commercial real estate than men, especially in high-ranking roles, according a recently released report.

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Jewelry Stores Shine Despite Covid-19

Although Covid-19 has left many L.A. businesses reeling, jewelers said they have been relatively unaffected as online activity kicked up to compensate for lagging in-person sales.

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Southwest to Become Dominant Carrier at LA Airports

Angelenos seeking alternatives to Los Angeles International Airport will soon find Southwest Airlines Co. has become the dominant player at the other regional airports serving L.A. County.

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Executive Coaches See Increased Demand During Pandemic

Although, as a rule, their names do not appear on a company’s executive roster, executive coaches have long been a staple at companies of all sizes and areas of enterprise, from corporate giants to tech startups.

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In Remote Era, LA Litigators Get Ready for Their Closeup

Silent film careers typically tanked with the talkies, and stars of the silver screen often didn’t transition well to TV.

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Mesa West Capital Is Poised to Thrive Amid Pandemic

Having survived one major recession and seen long-term growth in its wake, Mesa West Capital believes the aftermath of Covid-19 could create similar opportunities in their space.

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