Los Angeles Business Journal


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Solar Firm Plans Record-Breaking Hot Property

ENERGY: SolarReserve’s project would be world’s largest thermal facility.SolarReserve last week announced it is aiming to build a $5 billion, 10-tower solar thermal project – the largest such facility in the world – on a plot of land in Nye County, about 225 miles northwest of Las Vegas.

By Garrett Reim October 14, 2016 midnight   $$ Share

Silicon Beach Report Oct. 19: Oblong Industries Raises $65 Million

Oblong Industries raises $65 million, image stability technology manufacturer MEMS Drive raises $11 million, CBS Orders Candy Crush game show, and more.

Oblong Industries Raises $65 Million

Oblong Industries, the Los Angeles-based developer of spatial, immersive, and gesture-enabled technologies, announced Tuesday that the company raised a total of $65 million during its expansion funding round thanks to investments from new and existing investors.

Silicon Beach Report Oct. 18: Health care App Heal Raises $26.9 Million

Health care app Heal raises $26.9 million, clinical trial software developer Science 37 raises $31 million, and L.A. investor Ashton Kutcher says virtual reality is overhyped.

Health Care App Heal Raises $26.9 Million

Doctor house call app Heal of Santa Monica raised a $26.9 million Series A round led by Legendary Pictures chief executive Thomas Tull’s company Tull Investment Group.

Silicon Beach Report Oct. 17: Snapchat Makes Inroads in the United Kingdom

Snapchat makes inroads in the United Kingdom, SAG-AFTRA threatens video game publishers with strike, and HelloTech hires president.

SAG-AFTRA Threatens Video Game Publishers with Strike

Video game actors represented by SAG-AFTRA are threatening to go on strike Friday if demands for a larger cut of royalties and limits on “vocally stressful sessions” are not enacted.

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Kobe Bryant’s Partner Courted Controversy

INVESTMENT: Kobe Bryant’s Partner Courted Controversy

A previous firm of Kobe Bryant’s venture capital partner Jeff Stibel netted several lawsuits with its business practices.

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Labels Pursue Video Payback

MUSIC: Recording industry fights YouTube-derived MP3s.

Record labels’ piracy lawsuit could be a tune-up in the fight against converting videos into MP3s.

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Agency Plans to Pick Up Pace on Acquiring Firms

ADVERTISING: Number of targets for Engage:BDR bumped up to 15 from 12.

Engage:BDR is completely committed to buying firms to round out its offerings to clients.

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SPECIAL REPORT: Tech Industry Charges Up Office Market

The L.A. office market saw a solid third quarter, with the vacancy rate narrowing to 14.8 percent from 16.2 percent in the same period last year, according to data from Jones Lang LaSalle.

Silicon Beach Report Oct. 13: Hyperloop One Raises $50 Million

Hyperloop One raises $50 million, Soylent tells customers to throw away vomit-inducing bars, Atari’s Nolan Bushnell launches virtual reality company, and more.

Silicon Beach Report Oct. 12: SolarReserve to Build $5B Thermal Solar Project in Nevada

SolarReserve to build $5 billion thermal solar project in Nevada, Snapchat picks Morgan Stanley and Goldman Sachs for IPO, Pluto TV Raises $30 million, and more.

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SolarReserve to Build $5B Thermal Solar Project in Nevada

SolarReserve announced on Tuesday that it would build ten solar thermal plants on a Nye County site about 225 miles northwest of Las Vegas for $5 billion.

Silicon Beach Report Oct. 11: Snapchat Courting Hollywood Producers

Snapchat courting Hollywood producers, SpaceX expects to launch again by the end of the year, and FameBit acquired by Google.