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Swimply Enters Homes
Swimply Inc., a platform that connects homeowners and customers for short-term rentals of amenities such as pools and tennis courts, is expanding its offerings to full-home rentals. Swimply also...
View ArticleA Westside Fixation
Every morning, Lawrence Taylor, founder and president of Malibu-based Christina Development Co., wakes up at 5:30 and checks the Los Angeles Times. He scrolls through the obituaries, in what some might...
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Ports Optimistic About 2024
After starting off the last year contending with a huge downward swing in cargo volumes, the Port of Los Angeles and Port of Long Beach each closed out 2023 strong and with reason for optimism moving...
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Georgina Rodríguez Stars Again for Guess
Guess Inc. has launched a new advertising campaign featuring Spanish-Argentine social media personality and model Georgina Rodríguez. This is the second time that Rodríguez has appeared in ads for the...
View ArticleBanks See a Soft Landing
In last year’s Money Issue, financial leaders hinted at pausing expansion plans and building collateral to brace for a hard recession caused by rising inflation and steep interest rate hikes. A year...
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M&A Hesitation: Banker Fears ‘Rose-Colored Glasses’ Syndrome
Opportunities for mergers and acquisitions in Los Angeles have seldom been more ripe, but many may end up spoiling on the vine while dealmakers hold out for a better alternative. There was a...
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Loans Help Owners Survive, Thrive and Expand
It’s been about 20 years since Los Angeles native Yolanda Duckett first opened Duckett Kidz Care Inc. Since then, she and a small group of employees have operated the business in her South Los Angeles...
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Constant Change: Technology, Psychology Take Center Stage
Wealth managers in Los Angeles have seen some drastic changes in the industry during the past decade. From the constant stream of information to upgrades in technology, wealth advisors find they must...
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Seeing Stars: Bullish on Celebrities, Athletics
Celebrities and sports brands are more eager than ever to lend their legitimacy and likeness to new ventures, and private equity firms are more than happy to oblige. One of the most high-profile...
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Deal Doldrums: An Era of Inflated Valuations is Over
In speaking with venture capital leaders in the Los Angeles scene, many described the past several years of investing as “irrational exuberance,” a period marked by eye-watering company valuations and...
View ArticleMahmee Signs Deal With Local Hospital
Universal City-based maternal health care company MCH Ventures Inc., which does business as Mahmee, has launched its first partnership with a local hospital to provide its wraparound maternal and...
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Taxing Times: Accountants On Call
As tax season ramps ups, accountants will work overtime to ensure complex tax documents – which the Internal Revenue Service claims can be filed by anyone with an 8th-grade reading level – are properly...
View ArticleLABJ Insider: Car Culture Continues
If you’ve noticed more cars on the road lately, your eyes aren’t deceiving you. A recently released report from The California New Car Dealers Association found that 2023 was the highest year for new...
View ArticleUSPS Buys Canoo Vans
As it shifts into revenue-generation mode, commercial electric vehicle manufacturer Canoo Inc. now counts the U.S. Postal Service as a customer. The Postal Service announced in January that it would...
View ArticleSnap Renews Office Lease For 10 Years
Social media giant Snap Inc., owner and developer of technology platform Snapchat, has renewed its lease at Boston Properties Inc.’s Santa Monica Business Park with a 10-year extension, maintaining its...
View Article$310M: Sunbit Closes Its Largest Transaction
Sunbit, a “buy now, pay later” fintech platform, closed its largest transaction to date with a $310 million warehouse debt facility from Citibank and Century City-based Ares Capital Management on Jan....
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Firm Pushes 3D In Construction
RIC Technology founder Ziyou Xu was aiming high when he launched the business in 2021, hoping his company’s take on 3D printing would have a transformative impact on the construction industry in Los...
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Banks Offer Insight With 2023 Recaps
End-of-the-year earnings reports were recently released by two of the area’s largest banks, rounded up overall performance and recovery following California’s regional banking crisis, as well as...
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Lixte CEO Takes On a New Course
Pasadena-based pharmaceutical company Lixte Biotechnology Holdings Inc.’s new chief executive is also charting a new course for the company and its cancer treatment drug. Bas van der Baan, a veteran...
View ArticleMacerich Hopes Openings Boost Stock
The Macerich Co. has had some good news in the market as of late. Shares of the Santa Monica-based real estate investment trust closed at $16.75 on Jan. 29, a 52-week high. They have fallen slightly...
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