Tallest Echo Park Office Building Sells for $51 Million

The largest office building in Echo Park has sold for $51 million.
Epirus’ microwave-based anti-drone device.

Anti-Drone Directed Energy System Maker Epirus Raises $200M

Torrance-based Epirus Inc. has raised $200 million in Series C funding to expand and to explore commercial power management applications for its technology.

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Retail sales were down for Beyond Meat products in late 2021.

Beyond Meat Retail Sales Slump While Restaurant Business Picks Up

Beyond Meat Inc.’s shares dipped about 11% in afterhours trading on Feb. 24 following a release of fourth-quarter results that missed Wall Street expectations.
18455 S. Figueroa St. and 501 W. 190th St. in Gardena sold for $64 million.

Rexford Purchases Industrial Properties for $170 Million

Getting off to a busy start this year, Sawtelle-based Rexford Industrial Realty Inc. acquired $170 million worth of industrial properties in January and February.


Port of LB imports were up 7% over Jan. 2021.

Ports Kick Off Year With Another Record Month

The San Pedro Bay port complex notched another record month of cargo volumes.
AJU’s Bel Air location at 15600 Mulholland Drive.

AJU to Sell Bel Air Campus

The American Jewish University plans to sell its campus in Bel Air while expanding its digital and in-person offerings.

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In This Week's Issue


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IRG Raises Bond Offering of $275 Million

Sawtelle-based Industrial Realty Group has completed a bond offering of $275 million, bringing its total financing in the last year to more than $1 billion.


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Pool-Sharing Service Expands to Other Recreational Spaces

After testing the waters with short-term backyard pool rentals, Swimply Inc. has set its sights on L.A.’s private recreation spaces — basketball, tennis and volleyball courts, putting greens and soccer fields.


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LA Sports Council Ramps Up Partnerships

When the Los Angeles Sports Council and its guests convene for a March 7 premiere party at the exclusive Hyde Sunset, a day before the Santa Monica-based nonprofit foundation stages its 17th annual awards show, there will be much to celebrate.


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Sports Gambling Podcast Network Gains Market Share Despite Competition From Major Outlets

When the Supreme Court overturned the Professional and Amateur Sports Act of 1992 in May 2018, the sports betting industry exploded, opening the door for entrepreneurs and businesses to explore the massive stream of revenue produced by individuals gambling on games and teams.


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Taxes, IP Value and Artist Estate Planning Drive Increase in High-Dollar Catalog Deals

It was the music catalog sale heard ‘round the world: In August 1985, Michael Jackson purchased ATV Music Publishing for $47.5 million, giving him the rights to 4,000 songs, including the Paul McCartney-John Lennon’s catalog, alienating collaborator and friend McCartney in the process.


Latest Local News

Tallest Echo Park Office Building Sells for $51 Million

The largest office building in Echo Park has sold for $51 million.
Epirus’ microwave-based anti-drone device.

Anti-Drone Directed Energy System Maker Epirus Raises $200M

Torrance-based Epirus Inc. has raised $200 million in Series C funding to expand and to explore commercial power management applications for its technology.

People On The Move
Retail sales were down for Beyond Meat products in late 2021.

Beyond Meat Retail Sales Slump While Restaurant Business Picks Up

Beyond Meat Inc.’s shares dipped about 11% in afterhours trading on Feb. 24 following a release of fourth-quarter results that missed Wall Street expectations.
Events
Our Awards program will honor the brokers of the most notable transactions in Los Angeles and recognize the most impactful projects completed within the last 12 months.
18455 S. Figueroa St. and 501 W. 190th St. in Gardena sold for $64 million.

Rexford Purchases Industrial Properties for $170 Million

Getting off to a busy start this year, Sawtelle-based Rexford Industrial Realty Inc. acquired $170 million worth of industrial properties in January and February.
TEST Reader Poll
READER POLL: Is your company using 3D printing in any way?
Companies On The Move
Port of LB imports were up 7% over Jan. 2021.

Ports Kick Off Year With Another Record Month

The San Pedro Bay port complex notched another record month of cargo volumes.