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A pair of Los Angeles-based businessmen who said they helped arrange the $122 million sale of the Bijan store on Rodeo Drive in July are suing two fashion companies connected to the deal, claiming to be owed a finder’s fee.
Water Consulting and Engineering Firm Tetra Tech Inc. announced today it was chosen as one of seven contractors eligible to receive up to $400 million in federal dollars to aid the environmental cleanup of old U.S. Army bases.
L.A. County’s unemployment rate rose slightly in September to 5 percent despite relatively strong job growth for the month, state figures released Friday show.
ACQUISITION: Tishman Speyer pays $25 million for couple of properties.
The company that owns New York’s Rockefeller Center is making a foray into L.A.’s up-and-coming Arts District.
El Segundo-based sporting goods retailer Big 5 Sporting Goods was this week’s biggest mover, gaining 8 percent to end at $16.99. Kilroy Realty Corp. Real Estate Trust was also among the week’s movers. The DTLA real estate corporation gained 5 percent to end at $70.11. Specialty pharmaceutical company Ritter Pharmaceuticals Inc. was this week’s biggest loser, dropping 14 percent to end at $1.70.
INTERNET: Peter Guber-led acquisition of Team Liquid could prove game-changer.
Peter Guber has drafted a veteran team of investors in his move into the e-sports field
Wells Fargo & Co. announced today that the company’s Chief Executive John Stumpf is retiring and will step down as chairman and chief executive, effective immediately.
Century City-based pharmaceuticals company Ritter Pharmaceuticals Inc.was this week’s biggest mover, gaining 17 percent to end at $1.97. Big 5 Sporting Goods Corp. was also among the week’s movers. The El Segundo-based sporting goods retailer gained 16 percent to end at $15.74. Patent acquisition company Marathon Patent Group was this week’s biggest loser, dropping 14 percent to end at $2.42.
Restrictions push Chinese investors away from higher-price single-family residences to condos
Condo projects could get a boost as Chinese investors move away from costlier single-family homes.
GOVERNMENT: Marijuana firms scramble to solve pending permitting issue.
The prospect of legalized marijuana has city and vendors scrambling for licensing regime.
The long-awaited end to the tronc-Gannett saga might be near. Then again, it might not be. The possibility of the announcement of a deal on Monday for Gannett, the newspaper chain and publisher of USA Today and other dailies, to purchase Los Angeles Times parent tronc was first reported by Politico on Sunday.
TECHNOLOGY: Kind Financial aims to keep pot firms compliant.
Kind Financial switched focus to also put money on pot tracing and tracking software.
ACQUISITION: Deal grows KLM’s landlord presence at Third Street Promenade.
The sleek storefront that is home to Tesla Motors Inc.’s showroom on Santa Monica’s Third Street Promenade has sold for about $15.6 million, or roughly $5,200 a square foot, to the same company that purchased the Promenade’s Apple store in 2014.
The L.A. City Attorney’s Office has reached a $13.5 million settlement with U.S. Bank to resolve allegations that the bank allowed hundreds of foreclosed properties in Los Angeles to fall into disrepair, officials announced Thursday.