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.

Coopers Look Beyond Film Industry for Hollywood Portfolio

A large family-owned portfolio of properties around Hollywood that has been mostly used by the entertainment industry will soon welcome a new range of businesses.

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Are Virtual Concerts the Future of Live Entertainment?

In a year in which massive music festivals like Coachella and Lollapalooza were called off, it’s not surprising that the biggest concert of 2020 took place inside a video game.

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Ceres Sets $1.9 Billion Cannabis SPAC Deal

A special purpose acquisition company, or SPAC, backed by Century City-based private equity firm Ceres Group Holdings has struck a $1.9 billion deal with a multistate cannabis company.

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Molina Is Eagerly Anticipating Biden Boost

Few companies have been as eagerly anticipating the new administration of President Joe Biden and Democratic control of Congress as Molina Healthcare Inc.

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LABJ Insider: Keeping It Real Estate

If there’s one thing almost every member of L.A.’s business community has in common, it’s real estate.

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Fisker to Partner With Foxconn for New Vehicle

Manhattan Beach-based electric vehicle maker Fisker Inc. plans to partner with electronics manufacturing giant Foxconn Technology Group on a new vehicle that could enter production by the end of 2023.

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Dispo Gets $20 Million for Trendy Photo App

Dispo Inc., the company behind one of the hottest apps of the new year, has reportedly raised $20 million in new funding at a hefty $200 million valuation.

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Duke Realty Buys City of Industry Site for $51 Million

Duke Realty Corp. has purchased an industrial building in the City of Industry for $51.3 million.

Emotive Raises $50 Million for Text Messaging Campaigns

Sawtelle-based text messaging software platform 317 Labs Inc., which does business as Emotive, has raised $50 million in series B funding.

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Tetra Tech Reels In $39 Million Sustainable Energy Consulting Contract

Pasadena-based engineering and consulting firm Tetra Tech Inc. has received a five-year, $39 million contract from the U.S. Agency for International Development.

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Live Nation Revenue Tumbles But Stock Soars

Live Nation Entertainment Inc., the music industry’s largest live events promoter, closed out the year with another major drop in revenue, but Wall Street was unphased.

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Tri-Cities Real Estate Market Sees Mixed Results

Like every commercial real estate market in Southern California, the Tri-Cities area has wrestled with the impact of Covid-19.

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Innova Turns to Acquisitions in Bid to Boost Production

With two recent acquisitions under its belt, Pasadena-based startup Innova Medical Group Inc. is ramping up procurement and production of rapid antigen tests.

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Capricor Receives License for New Covid-19 Test

Beverly Hills-based biotech firm Capricor Therapeutics Inc. is about to start work on an entirely new type of Covid-19 test.

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ImmunityBio, NantKwest Get OK to Expand Covid Vaccine Trial

The Covid-19 vaccine candidate being developed by two of billionaire Patrick Soon-Shiong’s companies moved a step closer to deployment.

My/Mochi Listens to Consumers for Name Change

For a company that sells bite-sized desserts, Mochi Ice Cream Co.’s main product name was a mouthful.

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Beyond Meat Misses on Earnings, Hits on Partnerships

Shares of Beyond Meat Inc. should have taken a dive in after-hours trading as the company missed full-year and fourth-quarter estimates from Wall Street analysts.

Sugarfina Looks to Crowdfunding for Expansion

El Segundo-based Sugarfina Corp. is turning to its fans to fund its next chapter of growth.

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Short-Term Rental Company AvantStay Plans Big Expansion

West Hollywood-based short-term rental company AvantStay Inc. has grown rapidly since its founding in 2017.

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Haven Realty Invests in South Carolina Development

Haven Realty Capital is expanding its single-family rental portfolio with a purchase in South Carolina.

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Wonderful Co. Acquires Burbank Office Building for $42 Million

Wonderful Co. has acquired an office building in Burbank for $42.2 million from Brentwood-based GPI Cos.

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LA Cleantech CEO Matt Petersen Is on a Mission to Help the City Go Green

In many ways, Matt Petersen is helping Los Angeles go green.

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EVgo Is Ready to Help Drive EV Revolution

From the perspective of Jonathan Levy, chief commercial officer for EVgo Services, it’s only a matter of time before EVs phase out the gas-guzzling cars and trucks.

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2021 Environmental Business Special Report

Local private and public sector visionaries plan to answer the call for creating a broad and reliable EV infrastructure.

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Snap Drives Growth of LA’s AR Industry

Visual artist Clay Weishaar said he was incredulous when someone from Snap Inc. contacted him in 2018 to let him know one of his lenses was trending.

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Christina Development Keeps Its Focus on the Westside

Real estate veteran Lawrence Taylor, who founded Christina Development Corp. more than 40 years ago, was fortunate to have several mentors during his career.

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