LA BUSINESS JOURNAL DAILY NEWS

Beauty Ecommerce Platform Thirteen Lune to Expand by Hundreds of Locations This Year

A little over a year after launching Thirteen Lune Inc., Nyakio Grieco’s efforts to level the playing field for BIPOC-owned beauty brands are bearing fruit.

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IRG Raises Bond Offering of $275 Million

Sawtelle-based Industrial Realty Group has completed a bond offering of $275 million, bringing its total financing in the last year to more than $1 billion.

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Sports Gambling Podcast Network Gains Market Share Despite Competition From Major Outlets

When the Supreme Court overturned the Professional and Amateur Sports Act of 1992 in May 2018, the sports betting industry exploded, opening the door for entrepreneurs and businesses to explore the massive stream of revenue produced by individuals gambling on games and teams.

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LA Sports Council Ramps Up Partnerships

When the Los Angeles Sports Council and its guests convene for a March 7 premiere party at the exclusive Hyde Sunset, a day before the Santa Monica-based nonprofit foundation stages its 17th annual awards show, there will be much to celebrate.

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Pool-Sharing Service Expands to Other Recreational Spaces

After testing the waters with short-term backyard pool rentals, Swimply Inc. has set its sights on L.A.’s private recreation spaces — basketball, tennis and volleyball courts, putting greens and soccer fields.

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LABJ Insider: Commercial Real Estate Takes New Look at Old Spaces

The Los Angeles Business Journal hosted Part 1 of the 27th annual Commercial Real Estate Symposium on Feb 23.

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Tallest Echo Park Office Building Sells for $51 Million

The largest office building in Echo Park has sold for $51 million.

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Beyond Meat Retail Sales Slump While Restaurant Business Picks Up

Beyond Meat Inc.’s shares dipped about 11% in afterhours trading on Feb. 24 following a release of fourth-quarter results that missed Wall Street expectations.

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Heliogen to Build Manufacturing Plant in Long Beach

Pasadena-based solar energy technology company Heliogen Inc. announced Feb. 22 that it is building its first full-scale manufacturing facility in Long Beach, with production lines expected to start operation in the third quarter.

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Kennedy Wilson Gets $300M in Preferred Equity

Toronto-based Fairfax Financial Holdings Ltd. has agreed to make a $300 million preferred equity investment in Beverly Hills-based Kennedy-Wilson Holdings Inc.

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Glendale Office Building Gets $145M Loan

An office tower in Glendale known as Glendale Plaza has received a $145 million loan.

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Rocket Lab Completes New Launch Pad, Secures $143M Contract

Rocket Lab USA Inc. signed a $143 million contract on Feb. 24 — the company’s largest order to date — to manufacture 17 spacecraft buses for low Earth orbit satellites operated by Covington, La.-based Globalstar Inc. Rocket Lab will produce the spacecraft at its Long Beach headquarters.

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Netflix to Invest $45 Million in European Films

Netflix Inc. continues to expand its presence around the world with a new deal to bring more French and European cinema to its platform.

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Live Nation Earnings Rebound

Live Nation Entertainment Inc. released its earnings report for the quarter and full year ending on Dec. 31, 2021, which reflects an increasing desire among concertgoers to attend live events despite the risks of Covid variants.

Taxes, IP Value and Artist Estate Planning Drive Increase in High-Dollar Catalog Deals

It was the music catalog sale heard ‘round the world: In August 1985, Michael Jackson purchased ATV Music Publishing for $47.5 million, giving him the rights to 4,000 songs, including the Paul McCartney-John Lennon’s catalog, alienating collaborator and friend McCartney in the process.

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FitOn Ready for Growth After Peerfit Acquisition

Since launching in 2018, West Hollywood-based FitOn Inc. has established itself as a force to be reckoned with in the competitive fitness tech sector.

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Fintech OpenNode Eyes Cryptocurrency Future

If Super Bowl ads are any indication, public interest in cryptocurrency is reaching new heights, meaning merchants large and small may be investigating the possibility of accepting payments in digital currencies like Bitcoin.

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Azure Signs 14-Home Deal, Puts Down Roots in Culver City

Culver City-based Azure Printed Homes is ramping up production, recently opening a factory in Culver City and having been chosen to create 14 prefabricated homes for Oasis Development, a project owned by Ken Bagga, who also owns Oasis Inn & Suites in Ridgecrest.

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Westside Apartment Building Portfolio Sells for $30M

Culver City-based LA Apartments has purchased a portfolio consisting of 99 multifamily units on the Westside for $30 million from a family trust.

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Prodalim Group USA Leases South Gate Industrial Site

Israel-based beverage company Prodalim Group USA has signed a 10-year lease worth approximately $17 million for an industrial property in South Gate.

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