Hannah Madans Welk

Los Angeles

Editor-in-Chief at Los Angeles Business Journal

Reporter @LABJnews, @USC alum and Chicago native.

Articles

Life Sciences Asset Sells for $11 Million

1 week ago | labusinessjournal.com | Hannah Madans Welk

A life sciences property in Santa Monica has sold for $11 million. The asset, at 1756 Cloverfield Blvd., contains a 15,770-square-foot building. Brentwood-based Cypress Equity Investments purchased the property from Encino-based HSJ Properties. Fred Aframian of Kidder Mathews represented the buyer while Charles DeSantis, also of Kidder Mathews, represented the seller. The property was built and owned by the same family since 1958.
Surf Club Set for Redondo Beach

1 week ago | labusinessjournal.com | Hannah Madans Welk

South Bay native Allen Sanford has been in love with Redondo Beach since he first started surfing as a kid. More recently, though, he said he has noticed “fewer and fewer places to hang out,” as well as a lack of changes to the waterfront. One day, while paddleboarding, he saw two vacant buildings – formerly a Ruby’s and a Chillers – and the idea “dawned on me” to create California Surf Club at the site. The location, which opens this week, is a members-only club and a public restaurant.
LABJ Insider: ASOH Welcomes New Leaders

2 weeks ago | labusinessjournal.com | Hannah Madans Welk

A Sense of Home, a Hawthorne-based nonprofit which aims to prevent homelessness by creating homes for those aging out of foster care, has made several leadership announcements. Ken Grouf was named the organization’s chief executive. Meanwhile HGTV star Drew Scott, known for his work on the “Property Brothers” and a number of other shows, has joined the nonprofit’s board. Georgie Smith, ASOH’s founder, is transitioning to president of the organization.
UCLA Health Gets $25 Million Donation

2 weeks ago | labusinessjournal.com | Hannah Madans Welk

Shirley and Walter Wang – the chief executive and president of Westchester-based plastic pipe maker JM Eagle Inc. – have agreed to give $25 million to UCLA Health to create the UCLA Walter and Shirley Wang Center for Integrative Digestive Health. The center will offer help to those living with gastrointestinal disorders. The center takes a holistic approach, looking at disorders in a variety of ways. For the Wangs, the decision to donate to UCLA was personal.
LABJ Insider: CHLA Gets $25 Million Gift

3 weeks ago | labusinessjournal.com | Hannah Madans Welk

The Tikun Olam Foundation of the Jewish Community Foundation of Los Angeles has gifted $25 million to create the Stein Tikun Olam Early Connections Program at Children’s Hospital Los Angeles. The gift, from Mindy and Gene Stein, is CHLA’s largest donation ever dedicated to early childhood mental health. The program, which is being led by Marian Williams and Melissa Carson, will provide hospital-wide infant-family mental health services.
Poon Will Succeed Snyder as President of LMU

1 month ago | labusinessjournal.com | Hannah Madans Welk

Loyola Marymount University, one of the largest schools in Los Angeles based on enrollment, has named a new president. Thomas Poon will take over the helm as the Westchester-based institution’s 17th president on June 1. The school’s current president, Timothy Law Snyder, is retiring. “President-elect Poon is a perfect selection to lead LMU into its future with boldness and clarity.
223,000-Square-Foot Calabasas Office Sells for $69M

Feb 10, 2025 | sfvbj.com | Hannah Madans Welk

A three-story, 223,000-square-foot Class A office building in Calabasas sold recently for $69.4 million in an all-cash transaction. The buyer was a joint venture between Connecticut-based global asset management platform Cross Ocean Partners and Century City-based real estate investment management firm Palisade Group.
OpEd: We Must Beware of Hidden KOSA Risks - Los Angeles Business Journal

Dec 12, 2024 | labusinessjournal.com | Hannah Madans Welk

As we navigate the current economic climate in California, small and medium-sized businesses in Los Angeles find themselves at a significant crossroads. As we navigate the current economic climate in California, small and medium-sized businesses in Los Angeles find themselves at a significant crossroads.
Sepulveda Monorail

Nov 24, 2024 | sfvbj.com | Hannah Madans Welk

Imagine driving in stop-and-go traffic on the jam-packed 405 Freeway and seeing a sleek monorail train cruise by you along the freeway median. That’s the vision of the Los Angeles Sky Rail Express monorail construction consortium that offers a cheaper rail alternative with the most stops along or near the Sepulveda Pass corridor.
Sepulveda Heavy Rail

Nov 24, 2024 | sfvbj.com | Hannah Madans Welk

The three heavy rail/subway alternatives that the Los Angeles County Metropolitan Transportation Authority is evaluating to connect the San Fernando Valley to L.A.’s Westside are among the most ambitious rail projects Metro has ever considered. The aim of these alternatives is to provide the smoothest and quickest link between the Valley and the Westside, with travel times of under 20 minutes, less than half the time it now takes to cover that distance by car during rush hour.