Los Angeles Business Journal

The Los Angeles Business Journal, founded in 1979, is a weekly publication based in Los Angeles, California. It is known for its award-winning in-depth reporting on local business happenings. According to its website, the Journal has a weekly print circulation of 24,000 and attracts more than 40,000 unique visitors to its website each month. The publication is released every Monday.

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Sawtelle Investment Platform Launches - Los Angeles Business Journal

2 days ago | labusinessjournal.com

Arselle Investments, a Sawtelle-based real estate investment manager, debuts a new platform for other firms.
Stax Captures, Processes Emissions

3 days ago | labusinessjournal.com | Zane Hill

Stax Engineering and U.K. startup Seabound hope that the solution for in-port emissions capture may lie in their partnership. In a joint demonstration last week, Stax provided one of its proprietary barges designed to absorb particulate matter and nitrogen oxides, while Seabound attached its own equipment that absorbs carbon dioxide.
ServiceTitan Inks New Partnership

1 week ago | labusinessjournal.com | Keerthi Vedantam

ServiceTitan Inc., the Glendale-based tech company for the trades, announced a partnership with Cobalt Services Partners on Tuesday. Terms of the deal were not disclosed. While ServiceTitan has made considerable inroads through several partnerships over its 18-year-long run as a company, its collaboration with New York-based Cobalt Service Partners represents its ongoing foray into large scale corporate enterprises – and the valuable behavioral data it garners.
NeOnc Sees Share Price Fall Since Going Public

1 week ago | labusinessjournal.com | Mark Madler

The share price of NeOnc Technologies Holdings Inc. has dropped in the weeks since the company went public last month. The Westlake Village clinical-stage biopharmaceutical company, which focuses on treatments for brain cancer, had its direct listing open at $25 on March 26. That day the stock closed at $12.11 – more than a 50% decrease. It then spiked by more than 36% to close at $16.55 on March 28 and then fell to reach a low closing price of $7 a few days later on April 2.
Skims Office Sells for $105 Million

1 week ago | labusinessjournal.com | Brynn Shaffer

In the largest deal in Hollywood to close this year, a 116,000-square-foot building that is home to Kim Kardashian’s shapewear brand Skims Body Inc. has sold for $105 million. Located along the Hollywood Walk of Fame, at 1601 Vine St., the eight-story Class A office building was 100% leased to Skims at the time of sale. The buyer was Nevada-based private equity firm Kingsbarn Realty Capital.
OpEd: Olympics to Put Spotlight on Valley

1 week ago | labusinessjournal.com | Zane Hill

For the first time in Olympic history, the San Fernando Valley will host official events during the 2028 Olympic and Paralympic Games. That’s not just a headline – it’s a milestone. In both 1932 and 1984, Los Angeles welcomed the world for the Olympic Games. And in both instances, the San Fernando Valley – home to nearly 2 million residents and one of the largest local economies in the state – was either left out or avoided. Not a single event took place here. But in 2028, the story is different.
Edison Going Underground

1 week ago | labusinessjournal.com | Howard Fine

After years and billions of dollars spent on insulating above-ground wires to reduce fire ignition risk, Southern California Edison is now stepping up its efforts to underground wires in high-risk fire zones. In the near term, Southern California Edison, a subsidiary of Rosemead-based Edison International, is planning to place roughly 120 miles of power lines underground in the Eaton and Palisades burn zones, spurred in part by Gov.
Skylight Nets $50 Million Loan By Partners

1 week ago | labusinessjournal.com | Keerthi Vedantam

Skylight, a West Hollywood-based company that develops interconnected digital photo frames, has nabbed $50 million through a loan with its partners Santa Monica-based lender SG Credit Partners and Wingspire Capital. “This expanded financing represents more than just increased capital,” Chia Chung, the chief operating officer and chief financial officer at Skylight, said in a statement.
Poon Will Succeed Snyder as President of LMU

1 week 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.
Rams Plan Large Project

1 week ago | labusinessjournal.com | Zane Hill

Developer titan Stan Kroenke made good on years of speculation last week when he announced a 52-acre development in Woodland Hills on properties he spent years scooping up. The Los Angeles Rams owner will build what the Kroenke Organization is calling Rams Village in the Warner Center area of Woodland Hills. The Gensler-designed project will, similarly to Kroenke’s other recent developments, include a mix of entertainment and sports venues, retail space, residential units and open park space.