LA BUSINESS JOURNAL DAILY NEWS
Andersen Secures New Downtown Space
Andersen has signed a lease for 46,000 square feet at CityNational2Cal in downtown.
MedMen Restructuring Brings $37 Million in Savings
MedMen has received $37 million in gross cash proceeds for the sale of various businesses since Nov. 26.
Redondo Apartment Complex Gets $75 Million Loan
A 115-unit mixed-use apartment development in Redondo Beach has received a $75 million loan.
Rexford Acquires Two Properties for $100 Million
Brentwood-based Rexford Industrial Realty continued its buying spree, acquiring two industrial facilities for $99.7 million.
Colony Capital Pays $185 Million for Stake in DataBank
Colony Capital Inc., one of L.A.’s largest real estate investment firms, will pay $185 million for a 20% interest in data center provider DataBank.
Los Angeles World Airports to Name Interim CEO as Flint Plans Early Exit
Los Angeles World Airports is set to name its No. 2 executive as interim CEO to replace the departing Deborah Flint, who moved up her previously announced exit date.
Charles Drew Receives $800,000 Grant
Charles Drew University has received an $800,000 grant from the California Endowment to help the school develop a new medical degree program and a new medical education building.
Latino Small Business Lender Snags $8 Million Series A
Camino Financial Inc., a downtown-based fintech online lender focused on the Latino market, has raised $8 million in a Series A funding round.
Medical Office Plaza Could Rise Across From Glendale City Hall
Glendale-based nonprofit health provider All For Health, Health For All is developing a medical office building at 517 E. Broadway.
Cedars-Sinai Receives $20 Million Gift
Cedars-Sinai received a $20 million gift from the co-founder of digital navigation company Garmin to create an autoimmune disease institute.
ProducePay Raises $205 Million Debt Financing
Glendale-based ProducePay Inc. raised a $205 million debt financing round Dec. 10.
Riot Games Creates New Publishing Label
Riot Games announced the launch of Riot Forge, a third-party developer publishing label.
Long Beach Airport Passenger Traffic Up 13% in October
Long Beach Airport passenger traffic rose 13% in October compared to October of last year, marking the first significant rise in passenger counts at the airport in more than a year.
Key LACMA Redesign Element Is Approved
LACMA will move ahead with a dramatic redesign after the Los Angeles City Council voted unanimously to allow the new building to cross Wilshire Boulevard.
Arrowhead Pharmaceuticals Looks to Raise $232 Million
Pasadena biotech firm Arrowhead Pharmaceuticals Inc. set an offering of 4 million shares, seeking to raise up to $232 million to fund operations and strategic investments.
Herbalife Opens Training Center in China
Downtown-based Herbalife Nutrition Inc. has opened the first of four training centers in China for its customers and distributors.
Deep 6 AI Raises $17 Million Series A
Pasadena medical software developer Deep 6 AI raised a $17 million Series A.
ServiceTitan Acquires WaterSoftWare
Glendale-based software firm ServiceTitan acquired water treatment software developer WaterSoftWare for an undisclosed sum.
Geffen Donates Another $46 Million to UCLA
Entertainment mogul David Geffen donated an additional $46 million to the UCLA medical school that bears his name, the university announced Dec. 2.
Wag Names New Chief Executive
Wag Labs Inc. said product head Garrett Smallwood has replaced Hilary Schneider as the company's chief executive.
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