The FF 91 is scheduled to launch in 2022.

Faraday Future Goes Public in $1 Billion Deal

Beleaguered electric vehicle company Faraday Future Inc. made its debut as a public company July 22.
Thomas Barrack

Barrack Out on Bail, Abandons SPAC Plans

Thomas Barrack, the private equity investor who's facing federal lobbying charges, has withdrawn plans to raise $250 million for his special acquisition purpose company.

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BLT Enterprises Founder Bernard Huberman

BLT Enterprises Founder Bernard Huberman Dies at 65

Real estate veteran and founder of Santa Monica-based BLT Enterprises Bernard Huberman died July 10.
Gov. Gavin Newsom at Sunset Gower Studios in Hollywood on July 21.

Gavin Newsom Signs Bill for $330 Million in Production Incentives

Gov. Gavin Newsom signed a bill to deliver $330 million in production incentives for California’s film and TV industry.


Portofino Hotel & Marina

Redondo Beach Hotel Gets $38 Million Loan

The Portofino Hotel & Marina in Redondo Beach has received a $38 million loan.
Christopher Shultz, interim commissioner of California's Department of Financial Protection and Innovation

Payday Lending Tumbles 39% During Pandemic

California’s payday lenders saw a huge drop in the number of loans and dollar volume during the pandemic.

Companies On The Move
People On The Move


Reader Poll

READER POLL: Has the recent increase in Covid-19 cases around the country caused you to change your summer travel plans?

In This Week's Issue


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LA Companies Retain Remote Work Even as Pandemic Eases

L.A. companies are keeping remote work structures even as the pandemic eases.


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Walter, Boehly Buy 27% Stake in Lakers From Anschutz

Billionaires Todd Boehly and Mark Walter have a new pennant to hang on the wall.


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Quixote Studios Makes Plans for Continued Growth

As demand for content has exploded in the past decade, driven by an increasing appetite from streaming companies, the need for studio space in L.A. has skyrocketed.


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With Donations Declining, LA Nonprofits Face Post-Pandemic Challenges

Now that L.A. has made it through the worst of the pandemic, the influx of support for charitable organizaitonsis tapering off.


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Stamps.com to Be Acquired for $7 Billion

El Segundo-based ecommerce postage company Stamps.com Inc. will be acquired by Thoma Bravo, a Chicago-based private equity firm, for $6.6 billion in cash.


Latest Local News

The FF 91 is scheduled to launch in 2022.

Faraday Future Goes Public in $1 Billion Deal

Beleaguered electric vehicle company Faraday Future Inc. made its debut as a public company July 22.
Thomas Barrack

Barrack Out on Bail, Abandons SPAC Plans

Thomas Barrack, the private equity investor who's facing federal lobbying charges, has withdrawn plans to raise $250 million for his special acquisition purpose company.

People On The Move
BLT Enterprises Founder Bernard Huberman

BLT Enterprises Founder Bernard Huberman Dies at 65

Real estate veteran and founder of Santa Monica-based BLT Enterprises Bernard Huberman died July 10.
Events
The Los Angeles Business Journal, in partnership with the Greater Los Angeles African American Chamber of Commerce, will be hosting a Free Digital Event to discuss ways we can foster a more socially-conscious Community of Business™.
Gov. Gavin Newsom at Sunset Gower Studios in Hollywood on July 21.

Gavin Newsom Signs Bill for $330 Million in Production Incentives

Gov. Gavin Newsom signed a bill to deliver $330 million in production incentives for California’s film and TV industry.
Reader Poll
READER POLL: Has the recent increase in Covid-19 cases around the country caused you to change your summer travel plans?
Companies On The Move
Portofino Hotel & Marina

Redondo Beach Hotel Gets $38 Million Loan

The Portofino Hotel & Marina in Redondo Beach has received a $38 million loan.

Events

The Los Angeles Business Journal, in partnership with the Greater Los Angeles African American Chamber of Commerce, will be hosting a Free Digital Event to discuss ways we can foster a more socially-conscious Community of Business™.

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