LABJ WEEKLY EDITION
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.
Surf Air Secures $200 Million in Funding Ahead of IPO
Hawthorne-based Surf Air Mobility Corp., the subscription private air service that initially specialized in flying execs between Silicon Beach and Silicon Valley, has secured a $200 million investment that is contingent upon the company going public.
LA’s Burgeoning Agtech Industry Sees Green Acres Ahead
While plenty of tech companies are interested in filling up consumers’ feeds, some are more interested in feeding consumers.
LABJ Insider
SoFi Stadium’s Opening Is Cause for Celebration — Just Not Yet
Along with 72,000 other people, I was supposed to be at SoFi Stadium on Sunday night, getting a first look at the biggest project to hit the Los Angeles area in decades and watching the Rams take on the Dallas Cowboys.
Kroenke’s Rams Kick Off SoFi Stadium Era in Inglewood
SoFi Stadium opened to empty stands but is moving forward with the next phases of its development.
Radiology Partners to Acquire Mednax for $885 Million
El Segundo-based radiology services company Radiology Partners Inc. has agreed to acquire Mednax Radiology Solutions, a division of Sunrise, Fla.-based Mednax Services Inc., for about $885 million.
Honda, GM Team Up on Electric Vehicles
Honda Motor Co. Ltd., which has its U.S. headquarters in Torrance, and Detroit-based General Motors Co. have formed a North American alliance to develop shared electric vehicle platforms and propulsion systems.
Made Goods Signs Big Lease in City of Industry
A furniture company has signed a 282,000-square-foot lease in the City of Industry.
Ivy Looks to Provide Flex Space Solutions
Real estate veterans G. Ryan Smith and Michael Zietsman have launched Ivy Offices, a flex space operator based in Santa Monica.
JetBlue to Add Flights at LAX
Two months after deciding to abandon Long Beach Airport and make Los Angeles International Airport the focus of its Southern California operations, JetBlue Airways Corp. announced it is adding seven flights at LAX.
$1 Billion Overhaul Underway for Jordan Downs Complex in Watts
Jordan Downs, an expansive housing complex in Watts, is in the midst of a $1 billion redevelopment.
Graze Makes the Cut with Robotic Mowers
Santa Monica-based Future Labs V Inc., which does business as Graze, wants to revolutionize the landscape industry with its robotic lawn mowers.
QLess Software Helps Businesses Cut the Line
With social distancing and masks likely to remain a reality for a while longer, Pasadena-based QLess Inc. is poised to help businesses reduce in-person queues.
CropSwap App Connects Local Farmers, Consumers
Silver Lake-based CropSwap Inc. is trying to move farmers markets onto a mobile app.
Broadway Financial Merger Makes History
Hancock Park-based Broadway Financial Corp. is set to become the largest Black-led bank in American history.
Inglewood Bitcoin Firm to Expand In-Person Centers
After months of webinars and Zoom meetings, Crypto Blockchain Plug Inc. is coming back to the physical world.
Flying Eagle Sets Deal for Mobile Gaming Company Skillz
Flying Eagle Acquisition Corp., a Century City-based special purpose acquisition company, or SPAC, plans to merge with mobile gaming platform Skillz Inc.
InteliGlas Uses AI Program to Save Energy, Cut Costs
Pasadena-based InteliGlas Corp. integrates artificial intelligence systems into existing buildings for a variety of uses.
Carson Development Adds Skydiving Facility
Plenitude Holdings, a partnership of Blanchard Entities and Shopoff Realty Investments, has signed a ground sublease with Carson Outdoor Fly for a skydiving facility in Carson.
Motorcycle Parts Maker Signs Big Lease in Cerritos
Motorcycle parts manufacturer Performance Machine has signed a 75-month, 53,552-square-foot industrial lease in Cerritos.
L.A Rising: Koreatown
Despite the Covid-19 pandemic, Koreatown continues to be a hotbed of development.
Beverly Hills Car Rental Rewards Frontline Workers
David Sajasi, founder of Beverly Hills Car Rental, has been in the exotic and luxury vehicle rental business for about 30 years. “
Venice Complex Sells for $65 Million
The 70-unit Avalon Venice apartment complex on Rose Avenue in Venice Beach sold for $65 million.
Musk Leads 2020 LA Billionaires Thanks to Massive Gain
Despite a global pandemic and one of the most tumultuous economic environments in modern history, U.S. billionaires have done surprisingly well in the past year.
Ultra-Rich Make Impact on LA, Even If They Don’t Live Here
Many ultra-rich, part-time Angelenos have a large presence here, and they often contribute more than most full-time residents.
Pandemic Cuts Into LA’s Real Estate Markets — and the Portfolios of Some of the City’s Wealthiest
The historically strong real estate market in Los Angeles has faltered during the Covid-19 pandemic.
