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.
PacWest Catapults Into Top Ranking of HOA Deposit Businesses in US
Acquisitive PacWest Bancorp is shifting its sights to buying deposits instead of banks.
Local Aerospace Companies Play Major Roles in NASA’s Moon Missions
Later this year, Long Beach-based rocket manufacturer Rocket Lab USA Inc. will attempt its first mission to the moon.
Boy Smells Lights Up Candle Category With Relevance, Irreverence
Boy Smells' direct-to-consumer candle business is thriving. Its web sales surged by 1,000% in 2020 and account for 75% of the company’s revenue.
LABJ Insider: The Way BackLABJ Insider: Companies Look for the Way Back
The end is not exactly near, but it may be in sight.
LA, Long Beach Ports Log Record Results in First Quarter
As cargo ships continue to clutter the horizon at the San Pedro Bay, both ports notched their best first quarter on record.
Consumer Sentiment in LA Surges as Virus Fears and Restrictions Recede
Local consumer sentiment about current and future business conditions in Los Angeles County and the nation surged during the first quarter from record low levels last year.
Solar Rooftop Installer PermaCity Is Acquired
Downtown-based commercial solar rooftop installer PermaCity has been acquired by Catalyze, an independent renewable power producer in Boulder, Colo.
System1 Signs Large Sublease in Marina del Rey
Omnichannel customer acquisition company System1 has signed a sublease for 28,688 square feet in Marina del Rey. The value of the lease was not disclosed.
GumGum Lands $75 Million Investment From Goldman Sachs
Santa Monica-based advertising technology company GumGum Inc. announced a new $75 million investment April 13 from the growth equity division of Goldman Sachs Group Inc.
Triller Makes Two Acquisitions, Appoints New CEO
Triller Network, the owner of the Triller social media app and several streaming businesses, announced April 14 that it had acquired live event and pay-per-view platform Fite.
Report Details Pandemic-Driven Job Losses in LA’s Creative Economy
Creative industries were some of the hardest hit by the pandemic, with thousands of workers losing their jobs as productions were put on pause and galleries were shut down.
FinTech Startup NowLake Partners With Informed.IQ
NowLake Technology, a fintech startup based in Mid-Wilshire and backed by local billionaire Don Hankey, has unveiled a partnership with Informed Inc., which does business as Informed.IQ.
Broadway Financial Completes Merger to Create Largest Black-Owned Bank in the US
After hanging out a for-sale sign for two years, downtown-based Broadway Financial Corp. can finally breathe a sigh of relief.
Wealth Manager Audent Capital Launches With $2 Billion Under Management
Audent Capital Partners, a Century City-based wealth manager with more than $2 billion in assets under advisement, officially launched this month.
Playbook Five Brings Virtual Reality to Football
Virtual reality has made its way into sports, and Playbook Five Inc. is helping the technology find its stride on the football field.
TvScientific Targets Connected TVs With New Ad Technology
Newly formed startup TvScientific Inc. is creating new ways for advertisers to reach viewers and access valuable data to evaluate the success of campaigns.
Parabol Aids Businesses With Hybrid Work Environments
Over the last year, the need for software tools to aid teams of remote employees has become obvious for most businesses.
Cover Technologies Banks on Rising Demand for Prefab ADU Structures
Cover Technologies Inc., a prefab homebuilder running operations out of its warehouse in Gardena, is on a mission to bring more prefab homes to L.A.
Tesla Signs 5-Year Lease in Santa Monica
Electric vehicle giant Tesla Inc. has signed a five-year lease for an industrial warehouse and office property in Santa Monica in a deal valued at $12 million.
Jukebox-Maker Rock-Ola Signs New Lease in Torrance
Rock-Ola Manufacturing Corp. has a new home in the Torrance area.
James Capital Finds Real Estate Solutions for Cannabis Businesses
Westwood-based James Capital Advisors has launched a cannabis real estate division.
Tech Company Vana Helps Cannabis Companies Build Their Brands
Vana Technologies Inc. founder and Chief Executive Sheldon Owen saw that companies selling cannabis products would need technological tools to advertise in compliance with regulations.
Glass House Venture Grows Hemp in Mojave Desert
Glass House and Cadiz formed a joint venture in late 2019 to grow hemp in the Mojave Desert.
Celebrities Embrace Commercial Cannabis Opportunities
When Seth Rogen’s website for cannabis and related paraphernalia opened to shoppers in Los Angeles last month, it crashed almost instantly from a surge in demand.
Retailer Pure CBD Brings Beneficial Products to the Mainstream
Arianna Zadourian discovered the benefits of non-psychoactive cannabidiol products in 2017 when her father was diagnosed with cancer.
2021 Business of Cannabis Special Report
The booming cannabis business touches on infrastructure, tech, real estate, retail and a host of other sectors. Here's how the industry is impacting the local economy.
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