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.
Santa Monica Startup Nacelle Pulls in $18 Million
Santa Monica-based startup Nacelle Inc. has raised in $18 million in Series A funding led by Inovia Capital.
Good City Mentors Gets Backing From Big Businesses
Among the striking photos that documented last year’s protests against police brutality was an Associated Press image of an LAPD patrol car set aflame in Fairfax.
Green Credits, Incentives Likely to Boost LA Companies
Tax credits and incentives are central pillars of the green energy industry.
Local EV Companies Expect Jumpstart From Biden Administration
With the inauguration of President-elect Joe Biden days away, local companies are preparing for an array of proposed policy changes.
Port of LA Rebounds in 2020 After Difficult Stretch
After numerous missed sailings back in March, Gene Seroka said he “never would have imagined” that the Port of L.A. would move 9.2 million TEUs of cargo in 2020.
LABJ Insider: Biden Goes Green — and LA Businesses Win
There are plenty of questions about how President-elect Joe Biden’s administration will impact companies in Los Angeles, but some answers seem to be emerging as the new president takes office.
Arts District Site Sells for $91 Million
Prologis Inc. has purchased an 8.29-acre redevelopment site downtown for $91 million.
Virtual CES Is Light on Reveals
The halls of the Las Vegas Convention Center were empty last week as the annual Consumer Electronics Show carried on in a virtual format.
LAX Bond Rating Holds Steady for Now
Passenger traffic at Los Angeles International Airport plunged last year because of the pandemic.
South Bay Village Shopping Center Sells for $40 Million
Charing Cross Partners has purchased South Bay Village, a nearly 108,000-square-foot shopping center in Torrance from Regency Centers Corp. for $39.8 million.
Brace Raises $15.7M Series B Round for Mortgage Platform
Brace Software Inc., the Santa Monica-based developer of a digital mortgage servicing platform, announced Jan. 12 that it had raised $15.7 million in a Series B funding round.
Cryptocurrency, Biotech Set the Pace in a Solid Year for LA Stocks
It was a year that will be remembered for a pandemic, an economic downturn and social justice protests, but for many publicly traded companies in Los Angeles, 2020 will also go down as a period of strong gains in the equities markets.
AECOM Kicks Off 2021 With Move, Key Sale
The new year has been busy for local infrastructure consulting firm AECOM.
More Delays for Crenshaw-LAX Train Line
Metro’s often delayed $2.15 billion Crenshaw-LAX light rail line was supposed to be undergoing final testing by now in preparation for a May opening.
Long Beach Airport May Postpone Terminal Projects
Plunging revenue as a result of the Covid-19 pandemic may force Long Beach Airport to postpone a long-awaited upgrade.
American Honda Sales Slump for 2020
After contending with pandemic-related shutdowns at its U.S.-based factories, American Honda Motor Co. Inc. sales slumped 16.3% in 2020 compared to 2019.
IFS Wraps 2020 With Three Acquisitions
Individual FoodService in Bell wrapped up 2020 with three acquisitions, including a December deal for Brady Industries, a Las Vegas-based competitor.
CPK Names New Board Members
Fresh out of bankruptcy, California Pizza Kitchen Inc. appointed four board members to lead the fast-casual restaurant chain along with Chief Executive Jim Hyatt.
Covid Softened Downtown Office Market in 2020
The past year was a difficult one for office space in L.A., particularly in previously booming downtown.
Demand for Medical Office Remains Strong
The future of office space is a big question as companies grapple with whether to make working from home a permanent reality, but experts agree that medical office space will remain in demand.
Uplifting Results Labs Raises $8.2 Million
Uplifting Results Labs Inc., the Playa Vista-based nutrition startup behind the Muniq health brand, raised $8.2 million in Series A funding, the company announced Jan. 12.
New LA Tourism Chief Burke Isn’t Deterred by Tough Times
Before the pandemic, Adam Burke, chief executive of the Los Angeles Tourism and Convention Board, would have called you “crazy” if you told him that he’d be happy to report that Los Angeles hotels were at 50% occupancy.
Air Passenger Counts Are Tanking, But Air Lease Is Flying High
The industry that Century City-based Air Lease Corp. operates in is in critical condition.
From A/C Units to Dog-Walkers, Companies Offer More Perks During Pandemic
Some of the strategies local companies implemented last year to ease the burden of the pandemic on their workforce will likely evolve into permanent job perks once things return to normal.
WeeCare Helps Home Day Care Businesses Stay Afloat
Three years ago, local entrepreneur and expectant mother Jessica Chang received some surprising advice.
LABJ Insider: LA-Adjacent Billionaires Musk, Bezos Battle It Out
One of the most popular stories for the Business Journal last year came from our Wealthiest Angelenos special issue.
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