LA BUSINESS JOURNAL DAILY NEWS
LA500 Special Issue: The Most Influential People in L.A.
The Business Journal unveils its fifth annual LA500 list, honoring the most influential leaders and executives in Los Angeles.
Care Agencies Struggling
Crisis slows flow of new patients
At first glance, the home health care industry would appear to be one of the winners during the Covid-19 pandemic.
Owners Work on Rent Issues
Tenants seek out abatements and deferrals
As the Covid-19 pandemic rages on, forcing some businesses to close and leaving others with financial challenges, many companies have sought some kind of rent relief.
Alleyoop Right on Time
Cosmetics startup connects with consumers
Leila Kashani did not have the Covid-19 shutdown in mind when she founded Alleyoop Inc.
LABJ Insider
To Your Health
Read this week's column from Los Angeles Business Journal Editor Scott Robson for goings-on in L.A.'s business community.
Live Nation Credit Is Downgraded
Company’s planned $800 million debt issuance gets junk level status
S&P Global Inc. has downgraded Live Nation Entertainment Inc.’s credit rating to junk bond status with a negative outlook and rated the company’s proposed $800 million issuance of senior secured notes at junk level.
Omninet Capital Buys Office Properties
Firm pays $78 million for campus sites in Commerce, Torrance
Omninet Capital has purchased office campuses in Commerce and Torrance for a combined $78 million.
Junk Rating for WME Talent Agency Loan
Impact of virus cited for downgrade
Moody’s Investors Service Inc. has downgraded Beverly Hills-based William Morris Endeavor Entertainment’s new term loan further in the junk bond range.
United Dwelling Raises More Funds
Company to expand housing operation
Culver City-based United Dwelling Inc. has raised $10 million in a Series B round led by Alpha Edison.
Mayer Leaves Disney to Lead TikTok as CEO
Social video platform taps entertainment veteran
Kevin Mayer, a longtime Walt Disney Co. executive, has left the company to become chief executive of TikTok, the rapidly growing short-video platform owned by Chinese startup ByteDance Ltd.
Quibi Reaches Out to Homebound Audiences
Startup expands with software for TV
Smartphone-only streaming service Quibi plans to make its short-form content available for TV viewing beginning the last week in May, the company has confirmed.
VCs Defend PPP Use by Companies
Local leaders push back on complaints about funds
The federal Paycheck Protection Program has served as a lifeline for struggling companies, but it has also prompted concerns over access to capital.
ExchangeRight Wins ‘Essential’ Bet
Firm invests in properties with health care tenants
Pasadena-based real estate investment firm ExchangeRight is carving out steady returns despite the pandemic-driven downturn.
Nanotech Sets Series C
Graphene battery-maker raises $28 million for production
Brentwood-based Nanotech Energy Co. has raised $27.5 million to ramp up production of its graphene-based products.
UpKeep Technologies Hits $49 Million in Funding
Firm will use new funds to improve app for technicians
UpKeep Technologies Inc., the Westwood-based work-order management software developer, said it has raised $36 million in a Series B, bringing the company’s total funding to $48.8 million.
Motiv Rolls Out Robotic Space Arms
Scalable system is designed to cut costs of on-orbit work
Motiv Space Systems Inc., a Pasadena-based space motion control and robotics company, has developed a modular robotic arm system that can perform on-orbit assembly and satellite servicing tasks.
Tapcart Gets a Big Boost for Its App
Startup secures $10 million to expand ecommerce tool
Santa Monica-based ecommerce startup Tapcart Inc. has raised $10 million in a Series A round led by San Francisco-based SignalFire.
CorpHousing Set to Enter LA Market
Company planning to acquire $1 billion in new inventory
CorpHousing Group, a New York-based company with more than $500 million in inventory across the country, is expanding into Los Angeles.
Low-Income Site Sells for $34 Million
Watts multifamily complex has 102 units in 30 buildings
Washington Court, a low-income property in Watts with 102 apartments, has sold for $33.5 million.
United Against a Common Foe
LA's hospitals and biotech companies look toward treatment, tests and tools in fight against Covid-19
The Covid-19 pandemic has put L.A.’s health care sector in an unprecedented spotlight.
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