LABJ WEEKLY EDITION
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.
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.
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.
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.
Cannabis Businesses Back Ballot Initiatives
Cannabis is on the ballot in six Los Angeles-area cities this November.
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.
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.
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.
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.
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.
Culver City Office Sites Set $70 Million Refinance
Two newly renovated office properties in Culver City have received a combined $70 million in refinancing.
Torrance Office Building Sells for $56 Million
Nome Ventures has purchased Pacific Gateway, a 10-story office building in Torrance, for $55.5 million.
Headspace Taps Morken as CEO
Headspace Inc., the Santa Monica-based meditation app developer, has promoted CeCe Morken to chief executive.
Disney Shifts Strategy, Execs to Focus on Streaming
Walt Disney Co. is about to become the streamiest place on Earth.
Gender Parity Remains a Work in Progress for LA Businesses
Gender diversity is one of the most intractable issues in the global economy.
Terminal Operator Fenix Marine Finds Smooth Sailing at Ports
While most of the terminals at the San Pedro Bay are struggling to keep up with a recent influx of traffic, Fenix Marine Services just added a new carrier to its roster of clients.
PPE Maker Moldex-Metric Plans Factory in Tennessee
Moldex-Metric Inc., a Culver City-based manufacturer of hearing and respiratory protection equipment, is expanding operations to Lebanon, Tenn.
Lemonade Signs Up for CloudKitchens Space
CloudKitchens, a Pico-Union-based operator of several shared commercial kitchen locations, has a new tenant — El Segundo-based Lemonade Restaurant Group.
Dodger Stadium Gondola Project Ready for Next Step
A downtown-based company trying to build a gondola tramway between Union Station and Dodger Stadium has reached a significant milestone, as the public environmental review process for the project gets underway this month.
AECOM Supports FAA During Pandemic
Century City-based infrastructure giant AECOM has been partnering with the Federal Aviation Administration to support the agency’s operation of the national airspace system during the coronavirus pandemic.
Metro Starts Final Phase of Downtown Tunnel Project
Work begins this weekend on the final major phase of the $1.8 billion regional connector rail project downtown.
Net Lease Properties Offer Real Estate Investors Stability in Uncertain Times
With Covid-related uncertainty top of mind for many investors, net lease properties have become one of the most in-demand real estate asset types in Los Angeles.
Commercial Landlords Offer Perks to Tenants but Keep Asking Rents High
Asking rates for office property leases remain high, even as many businesses have turned to remote work during the Covid-19 pandemic.
Los Angeles County Real Estate Market, 3rd Quarter 2020
Quarterly highlights from every submarket of L.A. County in the Real Estate Quarterly Special Report.
How See’s Candy Is Adapting to the Covid Era
A sweet sorrow overtook the city’s chocolate lovers when news broke in late March that See’s Candy Shops Inc. was suspending operations for only the second time in a century.
New AECOM CEO Unveils Restructuring Plan
Just two months into his tenure as chief executive of Century City-based engineering and infrastructure giant AECOM, Troy Rudd’s first bold move is a company restructuring.
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