Los Angeles Business Journal

Soon-Shiong Joins Huffington Publication

Arianna Huffington has signed West L.A. billionaire Dr. Patrick Soon-Shiong as contributing editor in healthcare and technology to her new World Post online publication.

Gores Group Makes Tech Acquisition

Gores Group on Thursday said that it has acquired Zmags Corp., a digital publishing and ecommerce software company

Kennedy Wilson Acquires Shopping Center

Kennedy Wilson on Wednesday said it has acquired an aging 132,995-square-foot retail center in North Hollywood that includes undeveloped property.

Hudson Pacific to Sell Stock, Buy Seattle Property

Hudson Pacific Properties Inc. on Wednesday said it has commenced an underwritten public offering of 8.25 million shares. The Los Angeles real estate company also announced an agreement to purchase a waterfront office and retail property near Seattle’s historic Pioneer Square.

Local Krispy Kreme Franchisee Plans Major Expansion

Krispy Kreme Doughnuts Inc. on Tuesday announced that its longtime Southern California franchisee plans to develop 20 new doughnut shops in the region in the next seven years.

Nasdaq Warns Daily Journal Corp.

The Nasdaq Stock Market has warned Daily Journal Corp. that it is out of compliance with the exchange’s listing requirements because of the company’s delay in filing its year-end report with regulators.

Kennedy Wilson Acquires Pasadena Office Building

Kennedy Wilson said Monday it was part of a partnership that acquired a 175,000-square-foot Class A office complex at 245 S. Los Robles Ave. for $39 million.

East West Completes MetroCorp Acquisition

East West Bancorp Inc. said it had completed its acquisition of MetroCorp Bancshares Inc. in a deal that deal increases its presence in Houston and gives it its first branches in Dallas and San Diego.

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Fitness Company Pumps Up Its Teacher Training

HEALTHCARE: Santa Monica firm sets up Beachbody Live to certify new instructors.

Direct marketer Beachbody made its name bringing the health club experience to the living room.

Live Nation Launches Joint Venture in Taiwan

Live Nation Entertainment Inc. continues to expand in Asia, signing a joint venture agreement with B'In Music International to form Live Nation Taiwan.

K&B and RBZ Merge

Kaufman + Bernstein Inc. in Century City announced Friday that it has merged with West L.A.'s RBZ, one of the largest accounting and business management firms based in Los Angeles County.

Nova, MannKind Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies closed down slightly for the week.

BBCN’s Min Steps Down as CEO

BBCN Bank on Thursday announced that Chief Executive Soo Bong Min had retired.

Rexford Industrial Makes Two L.A. County Buys

Rexford Industrial Realty Inc. on Thursday said it had acquired two industrial properties in South Bay and the San Fernando Valley for a combined $8.3 million.

Amgen Announces Partnerships

Amgen Inc. on Wednesday announced two partnerships that the Thousand Oaks biotech hopes will eventually expand its product offerings to treat bowel disorders and colorectal cancer.

NantWorks Announces Two Health Care Partnerships

Two units of Dr. Patrick Soon-Shiong’s NantWorks holding company have announced new collaborations in health information technology and cancer drug development.

MGA Files Another Case Against Mattel

MGA Entertainment Inc. said on Monday it had sued rival toymaker Mattel Inc. for trade-secret theft related to the two companies’ longstanding battle over MGA’s popular Bratz doll line.

Los Angeles DWP Chief Ron Nichols Resigns

Department of Water and Power head Ron Nichols on Thursday announced his resignation amid growing financial and administrative controversies at the agency.

American Apparel Stock Falls on Sales Drop

Shares of American Apparel Inc. fell more than 18 percent on Thursday after the apparel company said same-store sales fell 6 percent last month.

Obit: Former Northrop Chief Tom Jones, 93

Thomas V. Jones, the maverick chief executive who grew Northrop Corp. into an aerospace giant over his 30 years at the helm, died Tuesday of pulmonary fibrosis. He was 93.

CytRx Shares Rise on Cancer Drug Data

Shares of CytRx Corp. rose 6 percent on Wednesday after the biotech company released additional data from a human study of its highly anticipated experimental cancer treatment.

L.A. City Attorney Sues Allenco Energy

Los Angeles City Attorney Mike Feuer on Tuesday filed suit against the operators of a controversial South Los Angeles oil field with operations that have been blamed for noxious vapors causing health problems.

Kennedy-Wilson Prices Stock Sale

Kennedy-Wilson Holdings Inc. on Tuesday priced a public offering of 8 million shares of its common stock at $21.45 a share, a 3 percent discount to Monday’s closing price.

Clearlake Capital Merges Two Retail IT Consultancies

Clearlake Capital Group on Monday said that it has acquired outsourced IT retail consultant Tolt Service Group and was merging it with a portfolio company acquired last year.

Levine Leichtman Acquires Craft Supplier

Levine Leichtman Capital Partners on Monday said it partnered with the management of craft clay maker Polyform Products Co. to acquire the company.

Prospect Mortgage Acquires Connecticut Firm

Prospect Mortgage on Monday said it has acquired Diamond Mortgage Group in Connecticut.

CytRx, NetSol Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies closed up slightly for the week.

Revolution Capital Acquires Danish Furnishings Firm

Revolution Capital Group has completed its acquisition of Tvilum, a Danish unit of U.S.-based Masco Corp.

Daily Journal Misses Another Filing Date

Daily Journal Corp., the downtown L.A. publisher of legal newspapers and websites, on Tuesday said it had again missed its deadline for making a required annual filing with the U.S. Securities and Exchange Commission.

Signature Group Votes Reincorporate in Delaware

Signature Group Holdings Inc. said its shareholders have approved a proposal to reincorporate in the state of Delaware, the latest effort to reinvigorate the Sherman Oaks holding company.

Puma, Arrowhead Among Year’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies rose 34 percent over the past year, in line with gains in the wider markets.

BreitBurn Buys Texas Oil, Gas Properties

BreitBurn Energy Partners on Monday said that it has completed the acquisition of interests in oil and natural gas properties in the Texas Permian Basin from CrownRock of Midland, Texas for about $282 million.

Global Eagle Raises $183 Million in Stock Offering

Global Eagle Entertainment Inc. said that it netted more than $183 million from its most recent public stock offering,

ImmunoCellular Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies closed up for the week.

TPG to Acquire of Owner of Gelson’s Markets

Gelson’s Markets parent Arden Group Inc. has announced it will be acquired by investment firm TPG in a deal valued at $394 million.

CBRE Completes Acquisition of U.K Firm

CBRE Group Inc. has completed its acquisition of Norland Managed Services, which provides technical engineering services for commercial buildings in the United Kingdom and Ireland.

Medical Center Will Put New Partnership to Tests

HealthCare: CHA to help Parexel line up patients for clients’ drug trials.

CHA Hollywood Presbyterian Medical Center has formed a partnership with a company that helps drug companies run their clinical trials

Arrowhead, CytRx Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies closed up for the week.

Scientists Applaud Fracking Rules

A group of 21 scientists from around the country has told Gov. Jerry Brown that California is on the right track with proposed regulations to allow fracking of the state's shale oil reserves.

Frederick's of Hollywood Makes Deal to Go Private

Frederick's of Hollywood Group Inc. on Thursday said that its board has accepted an offer to be taken private by a group led by its largest shareholder.

KB Home Quarter Disappoints

Shares of KB Home fell 6 percent after the homebuilder announced lower-than-expected fourth quarter revenue and earnings per share.

Thomas Properties Merger Approved

Thomas Properties Group Inc. announced that its stockholders have approved its merger with Parkway Properties Inc., which is expected to close on Thursday.

Arrowhead Reports Smaller Loss

Arrowhead Research Corp. late Wednesday reported a narrower fourth quarter loss, largely due to the Pasadena biotech having more shares outstanding than a year earlier.

CBRE Acquires Santa Barbara Firm

CBRE Group Inc. said Tuesday that it has acquired Whitestone Research Corp., a Santa Barbara consulting and software company that provides real estate-related products and services.

OpenGate to Acquire Belgian Chemicals Company

OpenGate Capital said that it signed an agreement with Belgian chemicals company Solvay to acquire its Benvic PVC plastic compounding business.

Herbalife Shares Jump on Re-Audit Results

Shares of Herbalife Ltd. rose more than 9 percent on Monday after the nutritional supplement company said a re-audit of more than three years of its financial results found no material changes to earlier statements.

Jacobs Engineering Buys Australian Firm

Jacobs Engineering Group Inc. in Pasadena said Friday that it completed its $1.1 billion acquisition of Australian professional services firm Sinclair Knight Merz.

CytRx, ImmunoCellular Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies closed down for the week.

TCP Capital Commences Stock Offering

TCP Capital Corp. late Thursday said that it has commenced a public offering of 3.75 million shares of its common stock, proceeds of which will be used to pay down its revolving credit facility.

Rexford Buys Industrial Park in Pomona

Rexford Industrial Realty Inc. on Wednesday said that it has acquired Bonita Thompson Industrial Park, a 16.3-acre industrial complex in Pomona.