LA BUSINESS JOURNAL DAILY NEWS

Andersen Secures New Downtown Space

Andersen has signed a lease for 46,000 square feet at CityNational2Cal in downtown.

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MedMen Restructuring Brings $37 Million in Savings

MedMen has received $37 million in gross cash proceeds for the sale of various businesses since Nov. 26.

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Redondo Apartment Complex Gets $75 Million Loan

A 115-unit mixed-use apartment development in Redondo Beach has received a $75 million loan.

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Rexford Acquires Two Properties for $100 Million

Brentwood-based Rexford Industrial Realty continued its buying spree, acquiring two industrial facilities for $99.7 million.

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Colony Capital Pays $185 Million for Stake in DataBank

Colony Capital Inc., one of L.A.’s largest real estate investment firms, will pay $185 million for a 20% interest in data center provider DataBank.

Los Angeles World Airports to Name Interim CEO as Flint Plans Early Exit

Los Angeles World Airports is set to name its No. 2 executive as interim CEO to replace the departing Deborah Flint, who moved up her previously announced exit date.

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Charles Drew Receives $800,000 Grant

Charles Drew University has received an $800,000 grant from the California Endowment to help the school develop a new medical degree program and a new medical education building.

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Latino Small Business Lender Snags $8 Million Series A

Camino Financial Inc., a downtown-based fintech online lender focused on the Latino market, has raised $8 million in a Series A funding round.

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Medical Office Plaza Could Rise Across From Glendale City Hall

Glendale-based nonprofit health provider All For Health, Health For All is developing a medical office building at 517 E. Broadway.

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Cedars-Sinai Receives $20 Million Gift

Cedars-Sinai received a $20 million gift from the co-founder of digital navigation company Garmin to create an autoimmune disease institute.

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ProducePay Raises $205 Million Debt Financing

Glendale-based ProducePay Inc. raised a $205 million debt financing round Dec. 10.

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Riot Games Creates New Publishing Label

Riot Games announced the launch of Riot Forge, a third-party developer publishing label.

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Long Beach Airport Passenger Traffic Up 13% in October

Long Beach Airport passenger traffic rose 13% in October compared to October of last year, marking the first significant rise in passenger counts at the airport in more than a year.

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Key LACMA Redesign Element Is Approved

LACMA will move ahead with a dramatic redesign after the Los Angeles City Council voted unanimously to allow the new building to cross Wilshire Boulevard.

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Arrowhead Pharmaceuticals Looks to Raise $232 Million

Pasadena biotech firm Arrowhead Pharmaceuticals Inc. set an offering of 4 million shares, seeking to raise up to $232 million to fund operations and strategic investments.

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Herbalife Opens Training Center in China

Downtown-based Herbalife Nutrition Inc. has opened the first of four training centers in China for its customers and distributors.

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Deep 6 AI Raises $17 Million Series A

Pasadena medical software developer Deep 6 AI raised a $17 million Series A.

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ServiceTitan Acquires WaterSoftWare

Glendale-based software firm ServiceTitan acquired water treatment software developer WaterSoftWare for an undisclosed sum.

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Geffen Donates Another $46 Million to UCLA

Entertainment mogul David Geffen donated an additional $46 million to the UCLA medical school that bears his name, the university announced Dec. 2.

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Wag Names New Chief Executive

Wag Labs Inc. said product head Garrett Smallwood has replaced Hilary Schneider as the company's chief executive.

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