LABJ WEEKLY EDITION
2020 Philanthropy Special Report
Innovative L.A. companies and dedicated business leaders are at the forefront of the city's substantial philanthropic efforts.
The Problem Solver
When it comes to his community, low-key Anthony Pritzker is highly engaged
Anthony Pritzker shares his approach to philanthropy, which combines business with financial giving and a considerable amount of engagement.
A Giving Mood
Innovative local companies embrace volunteerism to connect with workers and their communities
Businesses taking note of employees' benefits preferences are embracing social responsibility programs to boost recruitment, retention and productivity.
Platinum Equity Closes $10B Megafund
Private equity firm attracts more than 250 investors for latest offering
Beverly Hills-based private equity firm Platinum Equity has raised $10 billion for its latest flagship fund.
Healthy Returns
Arrowhead, Fulgent drove a strong 2019 for L.A. stocks
Last year was a good one for the stock market, and Los Angeles-area companies rode the wave.
LA Companies Turn Heads at CES
Quibi streaming slate, Ring gear and Hyundai flying cars generate buzz
From ambitious streaming services to fantastical flying cars, Los Angeles companies demonstrated innovative concepts in droves last week in Las Vegas at the 2020 Consumer Electronics Show.
Verity to Close LA’s Oldest Hospital
Debt-laden St. Vincent dates to 1856
El Segundo-based hospital operator Verity Health System will close St. Vincent Medical Center in Westlake — the oldest continuously operating hospital in Los Angeles — at the end of January.
MedMen Sells More Assets
Retailer ramps up efforts to raise $74 million
Culver City-based cannabis retailer MedMen Enterprises Inc. is continuing its aggressive push to implement its restructuring plan in light of large losses.
AECOM May Lose After $10B Win
Revenue from Hanford could go to PE firms
Century City-based infrastructure giant AECOM last month landed one of its largest contracts. But the company may see little to no revenue from the deal.
EPA Taps Tetra Tech
Agency awards $21M for water quality study
Tetra Tech Inc., the Pasadena-based engineering and consulting firm, will assess and manage threats to water quality under a $21 million, five-year contract from the EPA.
Trader Joe’s Cuts ‘Two Buck’ Price
Grocer reduces costs, passes along savings
Trader Joe’s Co.’s Charles Shaw wine is living up to its Two Buck Chuck nickname again, at least in California.
Glasswerks Buys NWI
Deal for Seattle company expected to boost capacity
Glasswerks, a Southgate-based glass fabricator, acquired Seattle-based Northwestern Industries Inc.
Optimus Adds to BH Portfolio
Company pays $15 million for Golden Triangle site
Optimus Properties is betting bigger on Beverly Hills’ famed Golden Triangle with the purchase of another building.
Vella Group Focuses on LA Opportunities
New York company targets Arts District, Hawthorne
Zach Vella, the principal of New York-based Vella Group, is shifting his real estate investment buying focus to the L.A. market where, he says, big New York firms now largely fear to tread.
Bliss Point Relocates in Santa Monica
Ad firm secures lease for 10,500 square feet
Video advertising firm Bliss Point Media signed a lease for 10,500 square feet in downtown Santa Monica.
Mall Maven
Najla Kayyem I Pacific Retail Capital Partners
Najla Kayyem of Pacific Retail Capital Partners is frank and fashionable.
Coming Soon: What’s Underway for Hollywood Park Complex
As the giant stadium superstructure nearing completion in Inglewood, Los Angeles Rams owner Stan Kroenke’s real estate development company is also hard at work on the surrounding 280-acre retail and entertainment complex.
Hollywood Biz Managers Rally
NY Giant Snaps Up Niche Boutiques
Hollywood’s independent business manager shops compete with New York-based behemoth Focus Financial Partners.
LA Companies Feeling Blue
Style brands embrace ‘color of the year’
Classic Blue is the new black. At least this year.
Special Report: Businesses Moving Boldly into the New Year
2020 Year-Ahead Preview
These are the key companies, trends and topics to watch in 2020.
LABJ Insider
Market Price
Read this week's column from Los Angeles Business Journal Editor Scott Robson for goings-on in L.A.'s business community.
PE Firm LS Power Group Buys EVgo
Maker of electric vehicle charging stations says deal will boost growth
Private equity firm LS Power Group, which invests in clean power and alternative energy sources across the country, has acquired a majority stake in EVgo Services.
Sugarfina Sets Mexico Store
Candy-maker partners with GINgroup
Sugarfina USA is venturing into the Latin American market with a confections boutique in Mexico City, one month after it emerged from bankruptcy.
Retail Therapy
Strong demand for auto dealer, grocery store properties boosts sector
Auto dealerships and grocery-anchored shopping centers drove the top 10 retail real estate sales in Los Angeles County in 2019.
Infrastructure: Get set for a year of massive openings and major executive moves
2020 Year-Ahead Special Report
Not only is 2020 shaping up to be a momentous year for the completion of massive infrastructure projects in Los Angeles County, it also will mark transitions at two major infrastructure entities.
Real Estate: A hot market figures to stay that way
2020 Year-Ahead Special Report
Local real estate executives and industry observers predict continued growth across asset classes along with evolving tactics for 2020.
