LABJ WEEKLY EDITION
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.
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.
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.
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.
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.
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.
Colony Capital Moves Headquarters to Florida
Real estate investment firm Colony Capital Inc. has relocated its corporate headquarters from downtown to Boca Raton, Fla.
Public Storage Adds Properties, Board Members
It’s been a busy few weeks for Glendale-based self-storage company Public Storage.
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.
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.
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.
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.
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.
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.
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.
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.
By the Numbers: LA Esports, Gaming Industry's Record-Breaking 2020
Even as other industries struggled in 2020, the video game industry continued to grow rapidly, with local companies such as Activision Blizzard Inc. and Riot Games Inc. leading the way.
Belkin Founder Chet Pipkin Steps Down as CEO
Belkin International Inc. founder Chet Pipkin stepped down as chief executive at the Playa Vista-based consumer electronics company.
Entertainment Groups Urge Pause on Productions
SAG-AFTRA and the Producers Guild of America recommended a temporary pause of in-person production due to the coronavirus pandemic.
Diagnostics Startup Curative Is Testing Thousands of Angelenos for Covid Every Day
On any given day, thousands of drivers snake through the Dodger Stadium parking lot, not to catch a game but to swab their mouths to test for Covid-19.
StartEngine Brings Crowdfunding to Startups
After selling his company, Acclaim Games, in 2010, video game industry veteran and former Activision Studios Chairman Howard Marks set his sights on a new goal.
