Jobs boost WeHo/Fairfax rental market
The nVe at Fairfax, a 63-unit multifamily property just outside of West Hollywood, sold for $36 million.
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.
After nearly two years of declines, L.A. consumer confidence rebounded in the fourth quarter, according to a survey released Jan. 16.
UCLA has received a $25 million gift from Uniqlo founder Tadashi Yanai for a Japanese literature and culture studies initiative.
Cedars-Sinai announced the opening of its fourth urgent care clinic — this one in West Los Angeles.
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 for Transformative Medicine will open a “smart” facility with advanced wireless technologies in Silicon Beach later this quarter.
Nadine Watt has been named chief executive of Santa Monica-based Watt Cos. after nine years as president.
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.
China-based Tencent Holdings announced an agreement to purchase 10% of Santa Monica-based Universal Music Group's share capital.
Edward Wedbush launched brokerage in 1955
Edward Wedbush, founder of Wedbush Securities Inc., passed away at his home in Rancho Santa Fe.
Molina Healthcare Inc. agreed to acquire Chicago-based managed care insurer NextLevel Health Partners Inc. in a deal valued at about $50 million.
Electronic Arts chose veteran gaming executive Vince Lampella to lead the Los Angeles office of its subsidiary game developer, DICE.
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 has named a new chief operating officer and a new president.
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.
Redcar Properties has purchased the Westside Jefferson Business Park in Culver City for $73.5 million.
November passenger traffic at Los Angeles International Airport fell 3% from a year earlier.
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.
Beverly Hills-based Kennedy Wilson has secured $775 million in capital commitments.