Los Angeles Business Journal


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SpaceX to Launch Ninth Space Station Resupply Mission

Space Exploration Technologies Corp. of Hawthorne is scheduled to launch one of its rockets on a resupply mission from Cape Canaveral Air Force Station in Florida to the International Space Station on Monday, July 18.

BBCN and Wilshire Bank Shareholders Approve Merger

Shareholders at the nation’s two largest Korean-American banks, both based in Koreatown in Los Angeles, approved a merger Thursday, according to a press release.

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SPECIAL REPORT: Rental Rates Rise as Office Vacancies Dip

Office vacancy rates in Los Angeles County tightened slightly in the second quarter, with rental rates reaching record peaks.

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Bijan Store on Rodeo Drive Sells for At Least $67 Million

Bijan’s yellow store on Rodeo Drive just sold for what the seller’s brokers are describing as a record value per square foot, hitting above last year’s sale of the Chanel building on Rodeo. That site sold for $13,217 a square foot, or $152 million.

Silicon Beach Report July 14: RealD Acquires Tessive

RealD Acquires Tessive, L.A., tech executives denounce Donald Trump, Airbnb conviction in Santa Monica, and more.

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Judge Denies Restraining Order Request Targeting Former Hyperloop One Lawyer

A swarm of allegations continues to buzz around futuristic transportation company Hyperloop One in the wake of an ugly personnel shakeup, but former general counsel Afshin Pishevar – brother of company co-founder and board chair Shervin Pishevar – got some good news in court Thursday.

Having an Impact in the Workplace Matters Most to Millennials

Knowing their work makes a difference is the most important thing for millennial employees, according to the results of an online survey of almost 900 executives from around the world conducted by Century City-based global organizational advisory firm Korn Ferry in June.

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‘Game of Thrones’ Dominates Emmy Nominations

Netflix and “Game of Thrones” dominated the list of nominations for the 68th Emmy Awards, which were announced Thursday morning.

Snapchat Ranked Second Nationally in Funding Last Quarter

Snapchat raised the second-most amount of money out of all venture capital-backed companies in the country during the second quarter, according to a report released by Dow Jones VentureCapital.

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Yamashiro Restaurant in Hollywood Ready for Revamp

The future of Japanese restaurant Yamashiro in Hollywood is looking brighter following a period of flux after the property sold to a Chinese hotel company. The eatery recently reopened under new management by companies Boulevard Nightlife Group and Sugar Factory, which are planning upgrades to the space and the menu.

Silicon Beach Report July 13: Virtual Reality Society Launched

Virtual Reality Society launched, Fullscreen hires Vevo’s Scott Reich, and online camera rental startup ShareGrid Raises $1 million.

Universal's Film Chief Detained and Barred From Russia

In an apparent escalation of diplomatic tit for tats, NBC Universal’s film chief Jeff Shell said he was denied entry into Russia and detained by that country’s authorities for about five hours.

New Era Cap Signs Multiyear Deal With L.A. Live Owner AEG

L.A. Live has a new founding partner. Buffalo, N.Y.-based New Era Cap Co. signed a multiyear deal with complex owner AEG to become the official headwear provider for the downtown sports and entertainment campus. Financial terms were not disclosed.

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Chapman Plaza Sells as Koreatown Hotspot

Seizing on Chapman Plaza’s appeal as a hip dining and nightlife scene, ArcWest Partners has purchased the Spanish revival-style marketplace in Mid-Wilshire.

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Silicon Beach Report July 12: Hyperloop One, Its Chairman Sued by Co-Founder

Hyperloop One and its chairman sued by co-founder, Virgin Galactic to restart spaceship testing, Disney Accelerator names 2016 class, and more.

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Bravo Sports Acquires La Jolla Skateboard Maker

A portfolio company of Transom Capital Group, a Los Angeles private equity firm which specializes in the lower-middle market, acquired La Jolla skateboard maker Sector 9, the company announced today.

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Alexandria Real Estate Equities Aims at New Pasadena Home

Alexandria Real Estate Equities Inc. will soon put its architects to use on a personal project. The real estate investment trust bought a lot for $17.5 million next to its Pasadena headquarters, and plans to build a home base office.

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UPDATE: Hyperloop One Sued By Co-Founder Over Assault, Financial Mismanagement Allegations

Hyperloop One co-founder and former chief technology officer Brogan BamBrogan sued the next-gen transportation company and its executive membership alleging his ouster in June came after a “hangman’s noose” was left on his desk by the company’s general counsel.

Campaign Veterans Jacobson and Zilber Launch Joint Venture

Veteran political consultants David Jacobson and Maclen Zilber have launched an East Hollywood-based campaign communications firm called Jacobson & Zilber Strategies.

J2 Global Inc. Acquires Another Six Companies in Q2

As it does every quarter, J2 Global Inc. gobbled up another slate of companies. The Hollywood-based internet services company acquired six small companies for an undisclosed amount in the second quarter. The acquired firms include email marketing companies SMTP and Publicaster, digital media company GameTrailers, as well as backup storage companies Electronic Vaulting Services, Safebackup, and 24sevenbackup.