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.

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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.

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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.

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Los Angeles Philharmonic Cancels Additional Concerts

Los Angeles Philharmonic has extended its concert cancellations through June 9 at Walt Disney Concert Hall.

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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.

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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.

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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.

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Cannabis Businesses Back Ballot Initiatives

Cannabis is on the ballot in six Los Angeles-area cities this November.

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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.

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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.

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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.

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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.

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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.

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Culver City Office Sites Set $70 Million Refinance

Two newly renovated office properties in Culver City have received a combined $70 million in refinancing.

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Torrance Office Building Sells for $56 Million

Nome Ventures has purchased Pacific Gateway, a 10-story office building in Torrance, for $55.5 million.

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Headspace Taps Morken as CEO

Headspace Inc., the Santa Monica-based meditation app developer, has promoted CeCe Morken to chief executive.

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Disney Shifts Strategy, Execs to Focus on Streaming

Walt Disney Co. is about to become the streamiest place on Earth.

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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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