LABJ WEEKLY EDITION
Halloween Businesses See Few Treats, Lower Revenues
This year’s Halloween celebration at the Shops at Montebello was different.
Standard Buys Senior Housing Site in Pasadena for $31 Million
Standard Co.’s affordable housing division, Standard Communities, has purchased the 61-unit Villa Raymond Apartments in Pasadena for $31.2 million.
TikTok Ban Is Blocked, Company Countersues Triller
The future of TikTok’s U.S. business is still murky, but a recent federal court ruling makes it unlikely the massively popular social media app will go dark in the near future.
Lions Gate and Disney Announce New Layoffs
The pandemic continues to take a steep toll on Hollywood with Lions Gate Entertainment Corp. and Walt Disney Co. announcing new rounds of layoffs last week.
Barnett to Step Down as CEO at Capitol Music
Capitol Music Group Chairman and Chief Executive Steve Barnett announced Nov. 5 that he will retire effective Dec. 31 and revealed the company’s new leadership.
LA Holiday Shoppers Likely to Spend Far Less This Year
It’s looking like Angelenos may channel their inner Ebenezer Scrooge this holiday season.
AccessHope Looks to Build Cancer Care Network
A year ago, Duarte-based City of Hope launched AccessHope, a spinoff company that provides employees of large, self-insured employers access to its cancer treatment specialists.
RadNet Expands Through New Joint Ventures
Sawtelle-based diagnostic imaging services provider RadNet Inc. made a pair of announcements in late October that expand the company’s reach.
Analytics-Driven Behavioral Health Care Company Ontrak Acquires LifeDojo
Santa Monica-based Ontrak Inc. last month took the next step in its effort to use big data to improve patient outcomes in managing chronic diseases.
Clearlake Sets $3 Billion Buyout of Endurance International
Santa Monica-based private equity firm Clearlake Capital Partners plans to buy cloud-based business services company Endurance International Group Holdings Inc. in an all-cash deal valued at $3 billion, including debt.
Mitú Founder Starts Personal Finance Platform for Latinos
Beatríz Acevedo, founder of downtown-based Latino youth media company Mitú, has launched personal finance platform Suma Wealth Inc.
MedMen Secures $26 Million in Loans
Culver City-based cannabis retailer MedMen Enterprises Inc. has raised $25.7 million in debt across three loan facilities.
SharpLine’s Armendariz Charts Her Own Path in Commercial Real Estate
Barbara Armendariz, president and founder of downtown-based SharpLine Commercial Partners, counts her company as one of the few female- and minority-owned real estate businesses in Los Angeles.
Rare Multifamily Site Sells in Playa del Rey
A rare, multifamily asset on the beach in Playa del Rey has sold for $11 million.
Rexford Industrial Buys 2 South Bay Properties
Brentwood-based Rexford Industrial Realty Inc. has acquired two industrial buildings in the South Bay for $15.5 million.
GeBBS Healthcare Solutions Benefits From Growing Demand for Back-Office Billing Work
Medical procedure coding and insurance billing is among the most tedious and least glamorous work in all of health care, yet for Culver City-based GeBBS Healthcare Solutions Inc., these mundane tasks have been the ticket for explosive growth.
Scratchpay Brings Fintech to Pet Care
Scratch Financial Inc., better known as Scratchpay, has had breakout success in a remarkably niche business.
Sunstone Management Wins by Investing in Opportunity Zones
Long Beach-based Sunstone Management Inc. has made big strides focusing on small businesses, lower middle markets and, lately, opportunity zones.
Adtech Company AudienceX Leans Into Diverse Clients, Proprietary Software
AudienceX is back on the growth trajectory.
Allied Restoration Services Makes a Clean Pivot From Repair to Prevention
O.P. Almaraz, chief executive of Allied Restoration Services Inc. in West Covina, said the company’s core business used to be cleaning up the scene after fires, floods and other accidental damage to buildings.
LA's Fastest Growing Private Companies of 2020
The Business Journal’s annual look at L.A.’s 100 fastest growing private companies showcases businesses that are disrupting the status quo and generating big returns in the process.
Skanska Gets De Briere Back in the Game
The LABJ Interview
After more than 25 years at Ratkovich Co., it seemed Clare De Briere had done just about all she could do in commercial real estate.
California Landmark Group Makes Its Mark in Marina del Rey
Ken Kahan, the founder and president of West Los Angeles-based developer California Landmark Group, has a clear vision for Marina del Rey.
Increased Cargo Traffic Lifts Local Airports
As passenger traffic at the four airports serving Los Angeles County continued in September a slow climb back from this spring’s pandemic-induced collapse, an unexpected bright spot for the airports has been a cargo boom.
Soon-Shiong Names Adcock as CEO at NantKwest
Patrick Soon-Shiong is stepping aside as chief executive of El Segundo-based biotech firm NantKwest Inc. and handing the reins to veteran health care executive Richard Adcock.
LABJ Insider: Byron Allen Is Always Worth Watching
Byron Allen’s appetite remains voracious. The standup comic turned media mogul acquired two more television networks last week,
