LA BUSINESS JOURNAL DAILY NEWS
Burbank Apartment Portfolio Sells for $31 Million
An 84-unit apartment portfolio in Burbank has sold for $31.3 million.
Colony Capital’s Databank Makes $30 Million Investment
Colony Capital-backed Databank Ltd. has invested $30 million in edge data center business EdgePresence.
Industrial Properties Raise $27 Million in Financing
Newport-Beach-based MetroGroup Realty Finance has arranged $26.5 million in financing for three industrial properties in Southern California.
RadNet, Adventist Enter Into Joint Venture
West L.A.-based diagnostic imaging company RadNet Inc. and Adventist Health on Tuesday announced a joint venture to create outpatient imaging centers in Simi Valley.
Los Angeles Philharmonic Cancels Additional Concerts
Los Angeles Philharmonic has extended its concert cancellations through June 9 at Walt Disney Concert Hall.
LA28 Exec Kathy Carter Goes for the Gold
Kathy Carter knows how tricky it can be to execute a successful plan in the sports business world.
Halloween Businesses Brace for a Scary Season
When the state’s Department of Public Health “strongly discouraged” trick-or-treating last week, it put a damper on already weak Halloween spending.
Local Venues Cancel, Alter Halloween Plans Over Pandemic
With major theme parks in the L.A. area still closed because of the coronavirus, their popular annual Halloween attractions are also shuttered.
Cannabis Businesses Back Ballot Initiatives
Cannabis is on the ballot in six Los Angeles-area cities this November.
LABJ Insider: Tuning Into SpaceX
For everybody who’s ever thought, “I wonder what SpaceX is really like?” you may soon have at least a partial answer.
Wilshire Courtyard Due for High-Rise Overhaul
The Wilshire Courtyard, an iconic 1 million-square-foot Miracle Mile office complex, could be getting a new look.
YogaWorks Files for Bankruptcy
YogaWorks Inc., citing pandemic-related studio closures, filed for Chapter 11 bankruptcy Oct. 15, with its secured-debt holder Serene Investment Management as a stalking horse bidder.
LA Consumer Confidence Remains Near Record Low
Consumer confidence in Los Angeles County during the third quarter hovered near the record low set during the second quarter, according to a survey released last week to the Business Journal.
Pontifax AgTech Closes $302 Million Fund
Sawtelle-based Pontifax AgTech Management has wrapped a $302 million investment fund, riding the technology wave sweeping the food and agriculture sector.
Virgin Orbit Seeks Funds Ahead of Launch
Long Beach-based satellite launch company Virgin Orbit, looking to rebound from a failed test flight in May, is seeking to raise funds ahead of a second launch.
Culver City Office Sites Set $70 Million Refinance
Two newly renovated office properties in Culver City have received a combined $70 million in refinancing.
Torrance Office Building Sells for $56 Million
Nome Ventures has purchased Pacific Gateway, a 10-story office building in Torrance, for $55.5 million.
Headspace Taps Morken as CEO
Headspace Inc., the Santa Monica-based meditation app developer, has promoted CeCe Morken to chief executive.
Disney Shifts Strategy, Execs to Focus on Streaming
Walt Disney Co. is about to become the streamiest place on Earth.
Gender Parity Remains a Work in Progress for LA Businesses
Gender diversity is one of the most intractable issues in the global economy.
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