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The 2022 Money Issue Special Edition is here!
https://labusinessjournal.com/Money-Issue-2021/
With comprehensive information on more than 400 financial institutions and professionals working in L.A. County, the issue is an essential guide to trends and experts. Interviews and profiles provide insights and guidance into topics such as investment strategies, potential market changes and more. Get your copy or access the content online today!
The Lists 2022 special edition is here! Check out features on leaders elevating L.A.'s presence on a massive scale and more than 70 lists of industry-specific information on executives and companies driving L.A. County's economy. Access the issue at https://labusinessjournal.com/Book-of-Lists/.
Fabletics, founded in 2013, started out as an online-only, subscription-based business spun out of their company TechStyle Inc., doing business as TechStyle Fashion Group, which is also based in El Segundo. Fabletics now has more than 2 million VIP members and generates about $650 million in annual revenue. Read more about TechStyle's approach and brands: https://labusinessjournal.com/news/2021/oct/29/techstyle-cuts-pattern-success-fabletics-brands/
Read about the middle-income housing intiatives being implemented by the California Statewide Communities Development Authority and the California Community Housing Agency:
https://labusinessjournal.com/news/2021/oct/25/new-middle-income-housing-development-program/
Check out the Marina del Rey office space that USC just renewed a huge lease with for another 10 years and learn more about that area's real estate market: https://labusinessjournal.com/news/2021/oct/26/usc-renews-office-space-lease-marina-del-rey/
Read about organizations partnering on initiatives and pairing social services with employment opportunities to create lasting changes in people’s lives and the community in the 2021 Philanthropy Special Report: https://labusinessjournal.com/news/2021/oct/18/philanthropy-special-report-2021/.
The state's lawsuit claimed Activision Blizzard fostered a sexist and “frat boy” culture. Now the gaming giant, which posted in $2.3 billion in quarterly revenue, said it's working to upgrade its policies and training to prevent and eliminate harassment. http://ow.ly/slfy50Gifa5
Activision Blizzard Inc. agreed to pay $18 million to settle a sexual harassment lawsuit.
The $1.2 billion Intuit Dome not only has the potential to significantly affect the look and future of Inglewood but features a dizzying array of technological innovations.
http://ow.ly/89Eq50GhlBL
Read about the groundbreaking and naming rights for the Los Angeles Clippers arena scheduled to open in 2024.
"I paid hundreds of dollars in overdraft fees, and ... they told me nothing about my transactions; I knew nothing about my bills ... Do I detest the banks? No, because they need to charge these fees for their model to be profitable, but do I think there’s a much better way." — Jason Wilk, co-founder of The Dave App.
Read more from our interview with Wilk, who's trying to fix a banking system that he believes has failed consumers, at http://ow.ly/2CJl50GftM1.
Dozens of container ships are idling off the coast as they wait to be unloaded by inundated dockworkers at San Pedro Bay — and the traffic jam shows no sign of letting up. For more on the situation at the local ports, click over to labusinessjournal.com/news/2021/sep/20/port-los-angeles-congestion-delays-august/
L.A.'s climate goals call for 80% of vehicles sold to be electric by 2028. Read about how local companies are trying to improve charging access for renters and condo owners at labusinessjournal.com/news/2021/sep/13/ev-charging-stations-los-angeles-apartments-condos/
From newcomers like Bloomfield Creamery to classics like Mashti Malone's Ice Cream, meet LA’s home-churned ice cream makers.
http://ow.ly/Jsjp50G7a0D
If successful, SpaceX will make history as the first human spaceflight to orbit Earth with only private citizens on board. http://ow.ly/7dSX50G6qLk
Read about how Space Exploration Technologies Corp. will launch its first private, all-civilian mission on Sept. 15.
Demand for condos in Los Angeles is sending prices climbing, with units selling for the median price of $625,000.
“Last year at the start of the pandemic, you were probably going to get a deal on a condo. Right now, that’s changed. You’re competing just like you are in the single-family market," says Anna Marie Simpliciano, an agent with Hilton & Hyland. Read more about L.A.'s hot condo market at https://labusinessjournal.com/news/2021/aug/30/demand-condos-sends-prices-climbing/
The 2021 edition of the Los Angeles Business Journal's exclusive rankings of the 50 #WealthiestAngelenos is here. The list includes agricultural powerhouses Stewart and Lynda Resnick, shopping mall developer Rick Caruso and Snapchat founder Evan Spiegel.
Find out who's No. 1 since last year's top billionaire, Elon Musk, ditched California for Texas. http://ow.ly/4ZZi50G1GwV
The iconic Japanese restaurant Yamashiro and craft brewery Mike Hess will open at the redeveloped San Pedro waterfront. Read more about the new tenants signing leases for West Harbor, which is slated to open in 2023. https://labusinessjournal.com/news/2021/aug/27/san-pedro-west-harbor-yamashiro-brewery-leases/
Harridge Development Group, the new owner of Baldwin Hills Crenshaw Plaza, says it will spend up to $1 billion redeveloping the mall. “It’s an amazing piece of property," said Harridge CEO David Schwartzman. https://labusinessjournal.com/news/2021/aug/27/harridge-buys-crenshaw-baldwin-hills-mall/
Another large Los Angeles company is moving out. Infrastructure consulting giant AECOM is relocating its corporate headquarters from Downtown Los Angeles to Dallas. Read more about the company's move to Texas at http://ow.ly/aaCv50FTrUk
Learn more about L.A. infrastructure consulting giant AECOM’s sudden announcement that it’s moving its corporate headquarters to Dallas.
The Parent Co. — a rapidly growing cannabis company backed by Jay-Z that owns a couple of dispensaries in L.A. — is making moves to trade on the U.S. stock exchange. It could become one of the first marijuana companies to make a public debut in the U.S. For more on the potential public offering, click over to
labusinessjournal.com/news/2021/aug/16/parent-co-moves-trade-us/
Long Beach-based Rocket Lab will deploy a satellite into the moon’s orbit on behalf of NASA later this year. "Our team is immensely proud to be launching one of the first pathfinding missions to support NASA’s goal of delivering a sustainable and robust presence on the Moon,” the company said
Read more about Rocket Lab's first lunar mission at labusinessjournal.com/news/2021/aug/09/rocket-lab-launch-nasa-satellite-new-zealand-q4/
Rocket Lab USA Inc. will deploy a satellite into the moon’s orbit on behalf of NASA in the fourth quarter. Find out how the company is preparing for the mission.
“It took a long time to get to this point where people see a Black bookstore as a viable business and a respectful business," said Malik Muhammad, owner of Malik Books. But, he said, the pandemic “gave me the opportunity to make a turn, so I see the good even in a bad situation.” http://ow.ly/qgGR50FM8Vf
Two L.A.-based fast-casual restaurant chains — Tocaya Organica and Tender Greens — are merging and putting together plans "for considerable growth and expansion." http://ow.ly/H8OI50FKqcR
Read more about the merger between Tender Greens and Tocaya Organica here:
As the Los Angeles Convention Center turns 50, we take a look back at how city boosters and real estate developers brought tourism and entertainment downtown, fueling the rise of South Park. http://ow.ly/mYHJ50FGvnZ
New rankings from U.S. News & World Report put UCLA Health and Cedars-Sinai among the nation's best hospitals. http://ow.ly/HiAI50FEYPg
Read more about UCLA Health and Cedar-Sinai Medical Center's recent rankings here:
Even as offices reopen, L.A. companies like Chownow are sticking to remote work. “After one of our most productive years, how do we justify saying, ‘No, you have to come into the office full time,’” said Kristine Minter, ChowNow's company’s director of human resources. See which Los Angeles companies are allowing employees to permanently work from home and learn about how they're navigating these new flexible working environments. http://ow.ly/Xmep50Fz4ct
Studio One Eleven and Howard CDM are slowly transforming Bellflower. Their latest project? Turning an abandoned JCPenney store into a cowering outpost with street-level restaurants. “The city saw the building as an eyesore because it was closed since 1979. … We saw opportunity everywhere,” said Studio One Eleven Senior Principal Michael Bohn.
Read more about the changes underway in Bellflower at https://labusinessjournal.com/news/2021/jul/12/studio-one-eleven-howard-cdm-transform-bellflower/
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