LABJ WEEKLY EDITION

Beverly Hills Project Secures $500 Million Loan

The Beverly Hilton and Waldorf Astoria — which are part of the $2 billion One Beverly Hills development — secured a $500 million loan.

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Rexford Acquires 8 Properties for $194 Million

Brentwood-based Rexford Industrial Realty Inc. has purchased eight industrial buildings for a total of $194.4 million.

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Sierra Investments Hires Former TD Ameritrade Exec as First CEO

Skip Schweiss will watch over the company’s fast-paced growth.

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Pasadena Office Properties Sell for $80 Million

A three-building office portfolio in downtown Pasadena known as 2 N Lake has sold for $80 million.

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Virgin Orbit to Go Public via SPAC

Long Beach-based aerospace company Virgin Orbit plans to go public in a merger with Boca Raton, Fla.-based NextGen Acquisition Corp. II, a special purpose acquisition company.

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Headspace, Ginger.io Plan Merger

Santa Monica-based mental wellness company Headspace Inc. will merge with San Francisco-based Ginger.io Inc., an on-demand mental health support platform.

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Honest Co. Shares Fall After Q2 Losses

Honest Co. Inc.’s shares hovered around $10 two weeks after the Playa Vista-based maker of nontoxic and eco-friendly personal and household products posted second-quarter earnings and revenue that fell short of Wall Street expectations.

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Guess Posts Mixed Quarterly Earnings

Guess Inc. reported mixed financial results for the second quarter of its fiscal 2022 that ended July 31, which dampened the company’s share price 5% in after-hours trading on Aug. 25.

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HydraFacial Rebrands as Beauty Health

After its successful debut on the Nasdaq in May, Long Beach-based HydraFacial Co. was renamed Beauty Health Co.

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State Approves Most of Proposed Edison Rate Hike

Southern California Edison executives were generally pleased with the state’s decision in early August to allow the utility to tap ratepayers to raise $6.9 billion in revenue this year, even though that was $730 million short of what Edison requested.

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Metro Moves Ahead With 2 Bids for Sepulveda Pass Project

In an unprecedented move, the Los Angeles County Metropolitan Transportation Authority has issued notices to two competing contract bidding teams to proceed on design and other preliminary work for a rail transit project through the Sepulveda Pass.

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Industrial Site Sales Set Records in Compton, Lynwood

Sales of industrial properties in Compton and Lynwood set price records for the area, according to Matthews Real Estate Investment Services.

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LAZ Parking Signs Downtown Office Lease

LAZ Parking has signed an office lease in downtown with landlord 1200 Wilshire to consolidate its Los Angeles operations.

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CVS Leases Large Retail Site Downtown

CVS Pharmacy Inc. has signed a lease for a new retail space near the Staples Center in downtown.

Wealthiest Angelenos 2021: Publisher's Letter

The Los Angeles Business Journal is, once again, pleased to unveil our annual Wealthiest Angelenos special edition.

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Wealthiest Angelenos: Financial Players Get a Boost From Sector’s Gains

This year’s list features 16 billionaires with ties to the financial sector: “It’s a classic case of (those with) money making money."

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Wealthiest Angelenos: Real Estate Drives Fortunes

The rich keep getting richer, especially if they’re involved in real estate in Los Angeles.

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Wealthiest Angelenos: Media Moguls Gain as Appetite for Content Soars

As pandemic-weary consumers sought relief and distraction, fortunes soared for the entertainers on this year's Wealthiest Angelenos list.

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Wealthiest Angelenos: LA’s Top 50 Billionaires Hold ‘Massive’ Net Worth

The overall net worth of L.A.’s richest men and women stands at a staggering $250 billion.

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2021 Wealthiest Angelenos by the Numbers

Highlights from the the 2021 Wealthiest Angelenos list.

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Twitch, Zynga Founders Back ForeVR in $7 Million Raise

Hollywood-based virtual reality gaming studio ForeVR Games Inc. raised $7 million in additional seed financing to grow its studio and slate of offerings.

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Hollywood Production Companies Face Increased Costs, Risks From Delta Variant

Activity on film and TV sets in Los Angeles has returned to pre-pandemic levels, but ongoing concerns over Covid-19 and the surging delta variant are taking a toll on the cost of those productions.

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VC Veteran Marcos Gonzalez Looks to Make a Difference With VamosVentures

VamosVentures is investing in companies that offer measurable social or environmental benefits as well as financial returns.

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Food Truck Rental Startup Helps Chefs Get in the Game

On the Go LA is helping restaurants weather the pandemic and serving as a resource for business owners trying to break into the food truck space.

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LABJ Insider: LA’s Exes in Texas

And the Tex-odus continues as infrastructure giant AECOM moves its headquarters out of L.A.

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Record Cargo Volume Tests Local Ports

Peak shipping season is in full swing at the San Pedro Bay port complex, signaling that August cargo stats will likely top records set in July.

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