LABJ WEEKLY EDITION

Rexford Industrial Riding High After More Than $1.1 Billion in Deals During 2020

While many companies have struggled in the face of strong economic headwinds during 2020, Rexford Industrial Realty Inc. has enjoyed a banner year.

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Rexford Adds Properties in Vernon, Santa Fe Springs

Rexford Industrial Realty Inc. added to its already sizeable list of acquisitions with a pair of year-end pickups last week.

Virtual Visits Surge for LA’s Teledentistry Companies

A pandemic-induced turn away from in-person dentist visits has given a lift to L.A.’s fledgling teledentistry industry.

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This Season, Office Holiday Parties Are Remote Affairs

Instead of suits and dresses, an ugly Christmas sweater paired with Zoom-friendly sweatpants appears to be the outfit du jour for this year’s corporate holiday parties.

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LABJ Insider: A Fitting Way to Wrap Things Up

The four stories that appear on the cover of the Business Journal this week — our final regular issue of 2020 — seem like a fitting way to wrap things up for this challenging year.

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Ports See ‘Unprecedented Amount of Cargo Volume’

While local freeways remain relatively open thanks to the Regional Stay at Home Order, traffic congestion at the San Pedro Bay complex shows no signs of letting up.

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Cottonwood Launches $200 Million Investment Platform for Real Estate Projects

Downtown-based Cottonwood Management and BCEG International Investment-US have teamed up to create a $200 million investment platform for real estate opportunities in the United States.

Downtown Tower Sells for $196 Million to German Investment Company

A 22-story office building in downtown has sold for $196 million.

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Relativity Nabs 2 New Launch Contracts

Relativity Space Inc. hasn’t yet launched a rocket out of Earth’s atmosphere, but the innovative aerospace company has a growing list of customers purchasing payload space for future launches.

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Koreatown Shopping Center Sells for $57.5 Million

California Marketplace, a Koreatown shopping center with more than two dozen tenants, has sold for $57.5 million.

Cityview Secures $125 Million in Funding for Project Near USC

Century City-based multifamily developer Cityview has secured $125 million in funding for an opportunity zone project near USC.

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Canoo Debuts Electric Vehicle With Plenty of Cargo Space

Gearing up for an initial public offering expected to occur before the end of the year, electric vehicle-maker Canoo Inc. debuted a new delivery vehicle Dec. 17 that the company aims to bring to market in 2022.

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AECOM Wins $41 Million Wastewater Contract

Century City-based infrastructure consulting giant AECOM announced Dec. 16 that it has been awarded a $41 million contract to upgrade a wastewater treatment plant in Carson that serves 5 million L.A. County residents and tens of thousands of businesses.

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Business Rockstars Acquired by Invincible Entertainment for $20M

Burbank-based audio and video producer Business Rockstars will be acquired for $20 million by film and television distributor Invincible Entertainment Partners, the two companies announced Dec. 15.

FDIC Report Points to Ongoing Unbanked Problem for LA

The rate of bank account ownership remains low in Los Angeles relative to the rest of the country, according to the most recent report by the Federal Deposit Insurance Corp. on unbanked Americans.

New President Raffetto Leads Middle-Market Push at City National

Richard Raffetto has spent just over 100 days as president of downtown-based City National Bank.

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Swell, Ares Plan $450 Million in Financing for Solar Energy

Swell Energy Inc. has partnered with Century City-based asset manager Ares Management Corp. and sustainability-focused asset manager Aligned Climate Capital to create a $450 million financing vehicle.

Perch Raises Seed Round for Credit Building Platform

Downtown-based fintech Perch Credit Inc. has raised $2.5 million in seed funding.

Dimer Unveils UV Device to Disinfect Schools

As the first round of vaccinations against the novel coronavirus gets underway, businesses and schools nationwide are making plans to safely reopen.

GumGum Sports Analyzes Returns on Branded Campaigns

Brands pay big dollars to put their logos on the jerseys of star athletes or on a prominently placed sign within a stadium.

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Super League Studio Allows Remote Production

Video production is limping along in Los Angeles as pandemic-related safety protocols have made traditional shoots challenging.

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Architecture Firm Jerde Has Designs on Continued Growth

While the global pandemic is battering many companies, downtown-based architecture firm Jerde Partnership is seeing an increase in activity.

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Optimus Sets $20 Million Refinancing for Multifamily Portfolio

Century-City based Optimus Properties has refinanced a multifamily portfolio of six buildings for $20.4 million.

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Office Conversion Complete at Former Sears Store

The conversion of a former Sears building into creative offices in downtown Santa Monica is now complete after a two-year, $50 million remodel.

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Special Report: 2020 Year In Review

In a year that many would like to forget, there was plenty to remember. Take a look at the top stories that shaped the Community of Business this year.

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Platinum to Acquire Ingram Micro in $7.2 Billion Deal

Beverly Hills-based Platinum Equity has announced plans to acquire Irvine-based Ingram Micro Inc. in a deal valued at $7.2 billion.

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