LA BUSINESS JOURNAL DAILY NEWS

Knowable Universe Raises $3.75 Million Seed

Online learning startup Knowable Universe raised a $3.8 million seed round featuring participation from Upfront Ventures.

Unemployment Holds Steady in L.A. County as Hiring Picks Up

L.A. County’s unemployment rate was unchanged at 4.4% in September.

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Westlake Apartment Complex Sells for $48 Million

The Collective Apartments in Westlake recently sold for $48.3 million.

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Imports Fall Again at Ports

Falling imports at the San Pedro Bay ports signaled that an 18-month trade war between the United States and China continues to hurt the ports.

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Pepperdine Names Most Fundable Companies

Pepperdine’s Graziadio Business School announced the winners of its second annual Most Fundable Companies competition.

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Upfront Ventures Leads $56 Million Invoca Funding Round

Invoca Inc., a call center analytics firm, raised $56 million in a funding round led by Upfront Ventures.

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Music Center Names Miscikowski to Lead Board, Extends Moore as CEO

Longtime Music Center board member Cindy Miscikowski has been named to lead the organization’s board.

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Ticketmaster Signs Lease in West Hollywood

Ticketmaster has leased all 97,742 square feet at CIM Group’s Courtyard at the Lot.

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Ron Robinson Closing Brick-and-Mortar Stores

Los Angeles-based retail icon Ron Robinson announced the 2020 closure of his two brick-and-mortar stores in Beverly Grove and Santa Monica.

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Long Beach Multifamily Building Sells for $73 Million

A 234-unit building in Long Beach has sold for $72.5 million.

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Blackstone Group Buys 3 Multifamily Buildings for $178 Million

The Blackstone Group has purchased a portfolio of three L.A. multifamily properties for $177.5 million.

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Edison Transmission Tower Probed as Cause of Saddleridge Fire

A Southern California Edison transmission tower in Sylmar is coming under investigation as a possible cause for the 8,300-acre Saddleridge Fire.

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Burnham brings on new executive VP in property and casualty division

Burnham Benefits, a downtown-based employee benefits and insurance services firm, has brought on John Huttinger as Executive Vice President and Partner of its new property and casualty division.

Glendale Building Sells for $18 Million

The mixed-use development is the most expensive retail asset to trade in Glendale so far this year.

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Wheels Labs Raises $50 Million

Wheels Labs Inc., a West Hollywood-based electric bike company, raised a $50 million round led by DBL Partners.

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Faraday Future Founder Files for Bankruptcy

Jia Yueting, founder of Gardena-based electric vehicle company Faraday & Future, filed for bankruptcy Oct. 14 to address mounting personal debts.

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Pasadena’s Cotton Medical Center Sells to Healthcare Realty Trust

Cotton Medical Center, a 2.8-acre property adjacent to Huntington Hospital in Pasadena, has been acquired by Healthcare Realty Trust.

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Triumph Aerospace to Close L.A. Facilities, Lay Off 250

Triumph Aerospace will close two factories in Hawthorne and Torrance and lay off 250 employees beginning in December.

ServerFarm Acquires UK Data Center Operator

El Segundo-based data center management company ServerFarm purchased 5NINES Global Holdings Oct. 10.

VMG Reaches for Popchips

Private equity firm adds brand to healthy snack portfolio

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