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.
Academy Re-Ups Rubin as President
President of the Academy of Motion Pictures Arts and Sciences David Rubin was re-elected to a second term on Tuesday by the board of governors.
GoodRx Adds Telehealth to Its Comparison-Shopping Platform
Santa Monica-based GoodRx Inc., which rose to prominence through its app allowing consumers to comparison shop pharmacies for prescription drugs, now wants to give consumers the power to lower their overall health care costs.
Brokers Say Use of 1031 Exchanges Has Surged During Pandemic
Sales across most real estate asset types slowed during the second quarter, but developers and brokers said one area remained enticing.
Investors Play Wait-and-See With Struggling Quibi
Jeffrey Katzenberg’s short-form streaming service Quibi proved itself to be a contender in the world of premium quality content last week by earning 10 Emmy nominations in its first foray into TV’s most prestigious annual competition.
Young Investors Drive Increased Use of Investing Apps
Amid the market volatility caused by the Covid-19 pandemic, fintech and investing apps are reporting a rise in user activity as amateur investors enter the market.
LABJ Insider
X Marks the Spot
XPrize, which for years has been blending entrepreneurial enthusiasm, improve-the-world initiatives and good old-fashioned cash rewards, has turned its attention to one of our most pressing problems: Covid-19 testing.
Chateau Marmont, The James Make Upscale Transitions
Two iconic hotels are shifting their focus.
Heal to Partner With Humana After $100 Million Investment
Sawtelle-based physician house call and telemedicine service Get Heal Inc. has received a $100 million investment from health insurance giant Humana Inc., the two companies announced July 29.
Tinder Taps Former CBS Exec Lanzone as CEO
Dating app owner Match Group Inc. has named Jim Lanzone, the former president and chief executive of CBS Interactive, as the new chief executive of West Hollywood-based Tinder, effective Aug. 3.
Captiva, Avalon Acquire Atwater Village Warehouses
Captiva Partners, Avalon Investment Co. and a private investor purchased two warehouses totaling 189,000 square feet in Atwater Village for $38 million, records show.
Auto Parts Company Signs Lease in City of Industry
A wholesale auto parts distribution company has signed a lease for roughly 132,000 square feet in an industrial building in the City of Industry.
Houlihan Lokey Posts Mixed Earnings Results
Century City-based investment bank Houlihan Lokey Inc. reported mixed results in its 2021 fiscal first-quarter earnings.
AltaSea Signs Agreement to Work With Scripps, UCSD
AltaSea at the Port of Los Angeles, a nonprofit company focused on the ocean economy, announced Aug. 3 that it has signed a memorandum of understanding with Scripps Institution of Oceanography.
NantHealth Acquires Data Company OpenNMS
Billionaire Patrick Soon-Shiong’s NantHealth Inc., which uses data analysis and artificial intelligence technology to assist physicians and improve patient outcomes, is going even more high tech.
LA Opera Postpones Productions to 2021-22
L.A. Opera is the latest Music Center resident performing arts company to announce postponements and cancellations due to Covid-19.
LA City, County Lead the Way on Minimum Wage Increases
Workers in the city of Los Angeles and in unincorporated areas of L.A. County got a bigger paycheck last month.
ADC Acquires Clear Capital
Sawtelle-based merchant bank American Discovery Capital has acquired Century City-based investment bank Clear Capital Advisors.
Wi-Fi Provider Global Eagle Files for Bankruptcy
Westchester-based media and satellite Wi-Fi company Global Eagle Entertainment Inc. has filed for Chapter 11 bankruptcy protection.
Wealth Manager LSIA Names Pasadena-Based CEO
Wealth management firm LS Investment Advisors, doing business as LSIA, has named Pasadena-based Karen McClintock as its president and chief executive. McClintock is the first woman to hold either role in the firm’s 12-year history.
Eyeglass Maker Fitz Frames Delivers Thanks to 3D Technology
Heidi Hertel found inspiration close to home when she decided to launch Fitz Frames Inc.
Popl Provides New Ways to Trade Social Info
When in-person business events and social gatherings resume, Sawtelle-based Popl Co plans to be ready.
Gemist Helps Consumers Create Customized Jewelry
Gemist Inc. wants to bring the bling direct to consumers.
Increasing Ecommerce Drives Activity for Industrial Real Estate
When it comes to interest and activity, the Covid-19 pandemic has pushed one real estate asset type above the rest: industrial.
LA Office Market Takes a Hit
L.A.’s previously strong office market was hit hard in the second quarter, but it isn’t necessarily apparent in the numbers.
Executive Insights
In the midst of headlines about layoffs and shutdowns, L.A. business leaders seem to be ramping up. Many are working remotely but embracing technology to stay connected with employees and clients via video meetings or the still-important personal phone call.
Special Report: Real Estate Quarterly — Q2 2020
Ecommerce boosts industrial, long-term leases keep the office sector afloat, interest increases in 1031 exchanges — these trends and detailed submarket data are featured in the Q2 2020 Real Estate Quarterly special report.
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