LABJ WEEKLY EDITION

LABJ Insider: Orange Is the New Goal

In Los Angeles, it usually doesn’t mean much to say spring is in the air.

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Oaktree Capital Closes $4.7 Billion Real Estate Fund

Downtown-based Oaktree Capital Management has closed a fund and related vehicles with total capital commitments of roughly $4.7 billion.

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Orca Security Hauls in $210 Million for Cloud Security Product

It has been a big year for cybersecurity company Orca Security Ltd. In just the last 12 months, Orca has completed three funding rounds, bringing in nearly $300 million to fund the rapid expansion of its business.

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MaC Venture Capital Raises $103 Million Fund

MaC Venture Capital, a seed-stage venture capital firm launched in 2019, announced March 25 that it had raised an inaugural $103 million fund for investments in early stage startups.

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Medical Office Buildings Sell for $97 Million

Two medical office buildings on the Westside have sold for a total of nearly $97 million.

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Santa Monica Multifamily Property Sells for $33 Million

Luxury Living, a 28-unit multifamily building in Santa Monica, has sold for $32.6 million.

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Investors Step Away From Dispo After Sexual Assault Allegations

Investors are backing away from social media app Dispo Inc. in light of sexual assault allegations against an associate of co-founder and YouTube celebrity David Dobrik.

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Counterpart Raises $10 Million for Insurance Tech Platform

Insurance technology company Counterpart Inc. announced March 23 that it had raised $10 million in funding to support the growth of its management liability insurance platform for small businesses.

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LA Beauty Companies Play Big Role in Growing Industry

More local shoppers are spending on beauty products, and a sizeable chunk of their dollars is going to homegrown brands.

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Faraday Future Looks to Chinese Market

Electric vehicle company Faraday Future Inc. hired Xuefeng Chen as chief executive of its China division.

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FabFitFun Strikes Deal to Increase Supplier Diversity

FabFitFun Inc. is working with San Francisco-based RangeMe America to expand its collaboration with brands founded by business owners from diverse backgrounds.

Oetker Group Tests Artisan Pudding Shop Concept in LA

Oetker Group, Europe’s equivalent to Duncan Hines, is testing a new brand concept in the Los Angeles market.

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Cost Containment Company Agilon Health to Go Public

Long Beach-based Agilon Health Inc., which helps primary care physician groups cap costs for their Medicare Advantage patients, filed paperwork on March 18 with the Securities and Exchange Commission to become a publicly traded company.

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USC Names Shapiro to Lead Health Sciences Program

USC has selected University of Pittsburgh Medical Center executive Steven Shapiro to fill a newly created role to guide the school’s health sciences programs starting May 15.

Kite Pharma’s Yescarta Approved for Adult Lymphoma Treatment

Santa Monica-based Kite Pharma announced March 5 that the Food and Drug Administration has granted accelerated approval for the company’s principal drug, Yescarta, for the treatment of adult patients with relapsed follicular lymphoma after two or more other therapies had already been applied.

Tripalink Looks Beyond Coliving Properties

Coliving and property management company Tripalink Inc. has grown rapidly since its founding in 2016.

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Captiva Pays $11 Million for Burbank Media Property

Captiva Partners and a private investor have purchased a 47,000-square-foot flex industrial property in Burbank for $11 million.

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Trumark Homes Gets OK for Covina Bowl Redevelopment

A townhome project that would be built on the site of the historic Covina Bowl has been approved by the Covina City Council.

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Law Firms Race to Keep Pace With LA’s Heated Real Estate Market

Like the rest of the businesses involved in Los Angeles County’s real estate market, law firms braced for the worst when the pandemic hit.

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Trial Lawyer Panish Wins Big Despite Covid Restrictions

The pipelines to a jury trial were already clogged before the pandemic.

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2021 Law Special Report

Many law firms across Los Angeles are working as hard, if not harder, than they did before the pandemic arrived.

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New Herbalife CEO Agwunobi Puts His Pandemic Background to Work

The LABJ Interview

CEO John Agwunobi sat down with the Business Journal to discuss the pandemic’s impact on Herbalife, his unique perspective on pandemic preparedness and more.

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LA County Unemployment Tops 12% in January

Even as Los Angeles County’s employment picture darkened after revised state data showed job losses for 2020 were substantially bigger than previously reported.

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Pandemic-Driven Demand Boosts Port Logistics Group

While the Covid-19 pandemic has shuttered entire industries over the past year, it has fast-tracked Port Logistics Group’s expansion into ecommerce.

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As Covid Restrictions Ease in LA, Most Businesses Take Things Slow

Restaurants in Los Angeles County may have the green light to reopen indoor dining rooms at limited capacity.

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Making (Business) Sense

If there’s anything the events of the past year and the headlines of the past week have reinforced for all of us, it’s that diversity, inclusion and equity are more important than ever.

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