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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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