LA BUSINESS JOURNAL DAILY NEWS
Multifamily Property nVe at Fairfax Sells for $36 Million
Jobs boost WeHo/Fairfax rental market
The nVe at Fairfax, a 63-unit multifamily property just outside of West Hollywood, sold for $36 million.
Downtown's Belasco Theater Joins the Live Nation Club
Another historic LA theater joins company’s portfolio
Beverly Hills-based Live Nation Entertainment Inc. has entered into a long-term operating lease agreement with downtown’s Belasco Theater.
LA Consumer Confidence Rebounds in 4th Quarter
After nearly two years of declines, L.A. consumer confidence rebounded in the fourth quarter, according to a survey released Jan. 16.
Uniqlo Founder Donates $25 Million to UCLA
UCLA has received a $25 million gift from Uniqlo founder Tadashi Yanai for a Japanese literature and culture studies initiative.
Cedars-Sinai Opens Urgent Care Clinic in West LA
Cedars-Sinai announced the opening of its fourth urgent care clinic — this one in West Los Angeles.
Xencor Licenses HIV Drugs to Pharma Giant Gilead
Monrovia-based biopharma firm Xencor Inc. reached a licensing deal with pharma giant Gilead Sciences Inc. to develop a group of antibody drugs to treat HIV.
USC’s Ellison Institute to Open Smart Building in Silicon Beach
USC’s Ellison Institute for Transformative Medicine will open a “smart” facility with advanced wireless technologies in Silicon Beach later this quarter.
Nadine Watt Named Watt Cos. CEO
Nadine Watt has been named chief executive of Santa Monica-based Watt Cos. after nine years as president.
Molson Coors to Quit Irwindale Brewery
Molson Coors Beverage Co. said it will cease operations at its Irwindale brewery by September and has offered the facility to Pabst Brewing Co. for $150 million.
Tencent Buys Stake in Universal Music Group
China-based Tencent Holdings announced an agreement to purchase 10% of Santa Monica-based Universal Music Group's share capital.
Wedbush Securities Founder Dies at 87
Edward Wedbush launched brokerage in 1955
Edward Wedbush, founder of Wedbush Securities Inc., passed away at his home in Rancho Santa Fe.
Molina Healthcare to Acquire Chicago Medicaid Provider for $50 Million
Molina Healthcare Inc. agreed to acquire Chicago-based managed care insurer NextLevel Health Partners Inc. in a deal valued at about $50 million.
EA Taps Zampella to Lead DICE Los Angeles
Electronic Arts chose veteran gaming executive Vince Lampella to lead the Los Angeles office of its subsidiary game developer, DICE.
Snap Acquires AI Factory for $166 Million
Santa Monica-based Snap Inc. paid $166 million to acquire AI Factory Inc., a San Francisco-based startup founded by Snap's director of engineering.
Construction Consulting Firm Cumming Names New COO, President
Construction consulting firm Cumming has named a new chief operating officer and a new president.
Westlake Financial Strikes Canadian Partnership
Hancock Park-based Westlake Financial Services Inc. and sister company Nowcom Corp. entered into a strategic partnership with Canadian auto finance company Source One Financial Corp.
Culver City Office Buildings Sell for $74 Million
Redcar Properties has purchased the Westside Jefferson Business Park in Culver City for $73.5 million.
LAX Passenger Traffic Down 3% in November as Slide Spreads to Domestic Travel
November passenger traffic at Los Angeles International Airport fell 3% from a year earlier.
Montage Beverly Hills Sells for Estimated $415 Million
British company pays record per-room price for Beverly Hills property
The 201-room Montage Beverly Hills hotel has sold for an estimated $415 million.
Kennedy Wilson Raises $775 Million
Beverly Hills-based Kennedy Wilson has secured $775 million in capital commitments.
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