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Marni Usheroff

Stories by Marni

SPECIAL REPORT: Justin Boogaard, David Lung

Justin Boogaard got his startup idea from his grandmother.

It Pays to Be Cautious When Treating Art as Asset

INVESTMENT: Some works require upkeep, often fail to generate sizable returns.

For some collectors, artworks serve to provide financial as well as emotional payoffs.

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Market Vendors Fear Moving From 7th Street Produce Market

FOOD: Rents rise for produce wholesalers under new landlord.

Wholesalers fear being boxed out by 7th Street Produce Market’s rising rents.

‘Regulation Crowdfunding’ Offers Money, Risks

INVESTMENT: New rules let firms tap unaccredited, lower-net-worth backers.

Companies looking to raise cash got another option last week.

Development Hits Home For Attorney

Alfred Fraijo Jr. looks to court businesses for Boyle Heights project.

Attorney Alfred Fraijo Jr. hopes to make the case for his hometown Boyle Heights as a business center.

PE Roundup: Private Equity Deals and Funds Announced May 16-20

Beverly Hills private equity firm Levine Leichtman Capital Partners announced Monday that is has completed the acquisition of Pacific Handy Cutter Inc., a Costa Mesa manufacturer of cutting tools and replacement blades, from private equity firm American Capital Ltd. Terms of the deal were not disclosed.

Couple Gets In Beds With Pricey Sheets

Husband, wife position U.S. production as plus for Authenticity 50.

Couple behind sheet maker Authenticity 50 says there are real advantages to domestic production.

Biotech Firm’s Diagnosis: IPO

Patrick Soon-Shiong hopes to nurse a bright future for NantHealth despite a tough market for biotech IPOs.

PE Roundup: Private Equity Deals And Funds Announced This Week

Beverly Hills private equity firm Gores Group announced Monday it will sell portfolio firm Hay Group, a Bad Sobernheim, Germany-based producer of high-precision forged and machined steel automotive parts, to Toyohashi, Japan manufacturer of automotive components Musashi Seimitsu. Terms of the deal were not disclosed. Westwood investment firm St. Cloud Capital announced Monday it has invested in urgent care clinic manager Stat Health of Long Island, N.Y. Financial terms were not disclosed. Santa Monica investment firm Clearlake Capital Group announced Tuesday it will acquire Irvine software provider Vision Solutions Inc. from San Francisco private equity firm Thoma Bravo. Financial terms of the transaction were not disclosed.

CIT Bank Reinvestment Plan Gets Approval, Criticism

Pasadena-based CIT Bank has finally won approval of its new community reinvestment plan from federal regulators, a condition of the consent of its merger with OneWest Bank last summer.

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Soon-Shiong’s NantHealth Files IPO

Billionaire Patrick Soon-Shiong’s health care IT firm NantHealth has announced that it filed for a $92 million initial public offering late Friday.

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Judy Garland Tour Seen As Image Raiser

Late entertainer’s son, hologram company made plan take shape.

Late entertainer’s son, hologram company made plan take shape.

Finance Firm Gets Line On Internet Company at Discounted Price

Six months after being spurned, B. Riley Financial Inc. finally got a “yes” from acquisition target United Online Inc. – even after knocking $15 million off the asking price.

Bank Goes With South Bay for L.A. Beachhead

EXPANSION: Livingstone Partners likes image from Manhattan Beach outpost.

Though the majority of L.A.’s investment banks are in downtown Los Angeles or on the Westside, Livingstone Partners has set up shop by the surf in the South Bay.

Lender Gives Youths Credit

Paul Bayen sees millennials as a good risk for his credit history-launching mobile app.

PE Roundup: Private Equity Deals and Funds Announced This Week

Private equity firms Platinum Equity of Beverly Hills and Clearlake Capital Group of Santa Monica announced Monday that funds managed by affiliates of Apollo Global Management will acquire Clearlake portfolio company AmQuip Crane Rental and Platinum portfolio company Maxim Crane Works.

National Bank of California Completes Merger With Irvine Lender

Brentwood’s National Bank of California has completed its merger with Irvine's Commercial Bank of California.

A Look Ahead: What’s on the agenda for Los Angeles business in the coming week

CONFERENCE: Impact of economic policy takes stage at Milken Institute event.

Beverly Hills boasts its fair share of celebrities, and their ranks will swell this week as politicians, Nobel laureates, and high-profile business execs flood the Beverly Hilton hotel for the Milken Institute’s annual Global Conference.

MBAs Mean Good Money

FINANCE: Dwindling talent pool drives up compensation.

Local firms are investing more effort in securing hires from a shrinking pool of talent.

PE Roundup: Private Equity Deals and Funds Announced This Week

Century City investment firm Ares Management announced Monday it had raised $7.85 billion for its fifth global flexible capital private equity fund, Ares Corporate Opportunities Fund V. Like its predecessors, the new fund will continue pursuing opportunistic investments primarily in North American and European businesses.

Betting Big

Gardens Casino upgrades digs to draw crowds

Gardens Casino is among the local card rooms that see upgrading facilities as a safe bet to draw more players.

PE Roundup: Private Equity Deals and Funds Announced This Week

Century City investment firm Kayne Anderson Capital Advisors announced Thursday that its partnership with Tulsa, Okla. oil and gas company Casillas Petroleum Corp. has paid $106 million for certain oil and gas assets, including an interest in 260 producing wells owned by Oklahoma City’s Chesapeake Energy Corp. in the South Central Oklahoma Oil Province play.

Banks Put Their Money on Backing Community

LENDING: BBCN, Wilshire to boost local investment as part of merger plan.

Merger of BBCN and Wilshire banks could be the latest deal to pay off in more community investment.

PE Roundup: Private Equity Deals and Funds Announced This Week

West L.A. private equity firm Leonard Green & Partners announced Thursday that its operating company, Tucson, Ariz.-based Mister Car Wash, entered Mississippi with the acquisition of seven car washes from Flowood, Miss.-based Venture Car Wash. Terms of the deal were not disclosed.

More Relaxed Approach on Spa

Burke Williams keeps things lighter with stripped-down Simply Massage offering.

Burke Williams looks to rub customers the right way with its pared-back, lower-cost Simply Massage outpost.

Lender Sees Media, Entertainment as Next Stage

EXPANSION: Opus casts sector vet Jeffrey Zaks in new division’s lead role.

Opus Bank is going Hollywood.

PE Roundup: Private Equity Deals and Funds Announced This Week

Century City investment firm Kayne Anderson Capital Advisors announced Thursday that it has partnered with Bentonville, Ark., venture and growth equity firm NewRoad Capital Partners to form the Kayne NewRoad Ventures Fund II. The fund will work with early-stage, technology-enabled businesses within retail and other large growth opportunities. It has total commitments of $90 million from investors.

Pivot to Profit

FINANCE: Green Dot puts money on new debit cards to offset loss of scrapped line.

Debit card pioneer Green Dot stacks its deck with new offerings after fraud scams scuttled a profitable product.

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SPECIAL REPORT: Robert V. Sinnott

Private equity, investment bank, and VC executives discuss leveraging personal and tech connectivity for big payouts.

SPECIAL REPORT: Capitalizing on Connections

Private equity, investment bank, and VC executives discuss leveraging personal and tech connectivity for big payouts.

Engineering Firm Finds Space for $400 Million Contract With NASA

Jacobs Engineering Group Inc. has won a NASA contract worth up to $400 million.

SPECIAL REPORT: William (Bill) Barnum

Private equity, investment bank, and VC executives discuss leveraging personal and tech connectivity for big payouts.

SPECIAL REPORT: Ed Bagdasarian

Private equity, investment bank, and VC executives discuss leveraging personal and tech connectivity for big payouts.

SPECIAL REPORT: Eric Manlunas

Private equity, investment bank, and VC executives discuss leveraging personal and tech connectivity for big payouts.

SPECIAL REPORT: James T. Armstrong

Private equity, investment bank, and VC executives discuss leveraging personal and tech connectivity for big payouts.

SPECIAL REPORT: Nishen Radia

Private equity, investment bank, and VC executives discuss leveraging personal and tech connectivity for big payouts.

SPECIAL REPORT: Lloyd Greif

Private equity, investment bank, and VC executives discuss leveraging personal and tech connectivity for big payouts.

SPECIAL REPORT: Tom Gores

Private equity, investment bank, and VC executives discuss leveraging personal and tech connectivity for big payouts.

Bank Chief Executive Pays for Pickup With Job

LENDING: Stock price of CIT Group has plunged in wake of deal for OneWest.

Problematic pickup of OneWest costs CIT Group CEO John Thain his job.

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SPECIAL REPORT: Jim Andelman

Private equity, investment bank, and VC executives discuss leveraging personal and tech connectivity for big payouts.

SPECIAL REPORT: Anthony Pritzker

Private equity, investment bank, and VC executives discuss leveraging personal and tech connectivity for big payouts.

SPECIAL REPORT: Greg Bettinelli

Greg Bettinelli bet his future on the continuing growth of the L.A. tech scene nearly three years ago.

PE Roundup: Private Equity Deals Announced This Week

El Segundo private equity firm Lovell Minnick Partners announced Monday that its portfolio company, Houston wealth management firm Kanaly Trust, will merge with Santa Barbara wealth manager Mercer Advisors. Lovell Minnick will retain a stake in the combined company; further details of the transaction were not disclosed.

Panel Supports Cal State Faculty’s Demand For 5 percent Pay Raise

An independent report released Monday found that California State University should increase faculty pay by 5 percent, meeting the California Faculty Association’s demands.

Financial Adviser Lets Athletes Know the Score

SPORTS: Evan Rothstein helps suddenly wealthy jocks have ball without blowing it.

With the National Football League draft coming up next month, a slew of young players will experience “sudden wealth syndrome.”

PE Roundup: Private Equity Deals Announced This Week

Santa Monica investment firm Clearlake Capital announced Monday it had acquired Fairfield, N.J., premium snacks provider That’s How We Roll. Terms of the deal were not disclosed.

Product Aims To Get Handle On Newborns

Baby Box hopes item stacks up with parents in need of a little help.

Baby Box looks to nurture new parents and their kids with a product inspired by Finnish tradition.

PE Roundup: Private Equity Deals Announced This Week

Santa Monica investment firm Clearlake Capital Croup announced Thursday it had led the recapitalization of Synder, Texas oilfield services provider Globe Energy Services. Terms of the transaction were not disclosed.

Eatery Gets Big Lift From Small-Business Loan

LENDING: Money part of VEDC’s program assisting minority-owned ventures.

When Norwood Clark wanted to open a second location of his Uncle Darrow’s New Orleans Grill in Carson, nobody would give him a loan.

1st Century Bank Being Bought

Century City’s 1st Century Bank, announced late Thursday it will be bought by privately held Midland Financial Co. of Oklahoma City.

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