Business News
Business News
Venture Capital Investment in Los Angeles Reaches $5.8 Billion
News Summary Venture capital investments in the Greater Los Angeles area surged to $5.8 billion in the second quarter, more than doubling last year’s figures. This growth is heavily focused...
Los Angeles Expands Its Barbecue Landscape
News Summary Los Angeles is carving out its own space in the barbecue scene, gaining attention for its unique high-quality smoked meats that combine traditional techniques with local influences. Restaurants...
Couple Turns Eagle Rock Apartment into Creative Haven
News Summary Isa Beniston and Scotty Zaletel have transformed their 412-square-foot rent-controlled apartment in Eagle Rock into a personal artistic space. Filled with unique art and thoughtful design, the couple...
Flagstar Financial Expands into Entertainment Sector
News Summary Flagstar Financial has launched an entertainment-focused practice from its Beverly Hills branch, enhancing its industry-specific services. This strategic move, led by seasoned professionals, aims to better serve the...
Omgivning Launches Historic House Relocation Project to Aid Fire Victims
News Summary In an effort to assist families affected by recent fires, Los Angeles architecture firm Omgivning has initiated the Historic House Relocation Project. This initiative aims to provide salvaged...
Explore Los Angeles’ Unique Culinary Scene This Weekend
News Summary Los Angeles is showcasing diverse dining experiences this weekend, from the celebratory vibe at Lucia Restaurant to the artisanal delights of Hasi Bread and the cozy atmosphere at...
AEG Opens New IG Arena in Nagoya, Japan
News Summary AEG has launched the IG Arena at Nagoya Castle, set to host around 150 events annually, attracting approximately 1.4 million visitors each year. This venue marks AEG’s continuing...
Frustrations Rise Over LA’s Parking Payment Systems
News Summary Residents of Los Angeles are increasingly frustrated with the city’s complex parking payment systems. Varying payment methods and outdated technology create confusion among drivers. Experiencing difficulties like jammed...
Hollywood Production Faces Significant Decline
News Summary Hollywood production is experiencing notable declines, with a 6.2% decrease in on-location shoot days in Q2 2025 compared to the previous year. Feature films fell by 21.4%, while...
Finance
Venture Capital Investment in Los Angeles Reaches $5.8 Billion
News Summary Venture capital investments in the Greater Los Angeles area surged to $5.8 billion in the second quarter, more than doubling last year’s figures. This growth is heavily focused...
Flagstar Financial Expands into Entertainment Sector
News Summary Flagstar Financial has launched an entertainment-focused practice from its Beverly Hills branch, enhancing its industry-specific services. This strategic move, led by seasoned professionals, aims to better serve the...
Los Angeles Marks 80 Years Since First Major Smog Event
News Summary Los Angeles commemorates the 80th anniversary of its first significant smog event, which left residents panicked. This crisis revealed deep environmental issues and led to essential changes in...
Cole’s French Dip Closes After Over a Century of Service
News Summary Cole’s French Dip, a historic restaurant in downtown Los Angeles, has officially closed its doors after more than 100 years of operation. The closure is attributed to the...
Rise in Federal Lease Cancellations Hits Los Angeles
News Summary Los Angeles faces a significant surge in federal lease cancellations, influenced by spending cuts under the Trump Administration. Over 70,000 square feet in L.A. County were terminated, marking...
Los Angeles Restaurant Scene Faces Economic Challenges
News Summary Los Angeles grapples with significant economic challenges in its restaurant industry, as both new establishments open and established restaurants close. Bankruptcy filings, job security concerns, and competition are...
California Considers Enhancing Film Tax Incentives
News Summary California Assembly members are evaluating proposals to boost film tax incentives in response to declining soundstage occupancy rates, which have dropped significantly. Facing competition from other states and...
Historic U.S. Courthouse in Los Angeles Up for Sale
News Summary The federal government is selling the historic U.S. Courthouse on Spring Street in Los Angeles as part of a cost-cutting initiative. This 750,000 square foot building, designed in...
Sales Tax Increase in Los Angeles County Starting April 1
News Summary Los Angeles County is set to experience a sales tax increase from 9.5% to 9.75% starting April 1, 2023. This change, driven by Measure A, aims to enhance...
Real Estate & Properties
Couple Turns Eagle Rock Apartment into Creative Haven
News Summary Isa Beniston and Scotty Zaletel have transformed their 412-square-foot rent-controlled apartment in Eagle Rock into a personal artistic space. Filled with unique art and thoughtful design, the couple...
Omgivning Launches Historic House Relocation Project to Aid Fire Victims
News Summary In an effort to assist families affected by recent fires, Los Angeles architecture firm Omgivning has initiated the Historic House Relocation Project. This initiative aims to provide salvaged...
Couple Realizes Homeownership Dream in Mount Washington
News Summary Lindsay and Daniel Sheron, a couple from Los Angeles, achieved their dream of homeownership by building a custom home in Mount Washington. After years of renting and navigating...
Better Angels Proposes Affordable Housing Development in LA
News Summary Better Angels, founded by tech entrepreneur Adam Miller, has unveiled an innovative proposal to develop 212 affordable housing units and a medical office at Wilshire and Crenshaw in...
Los Angeles Sparks New Hope After Heartbreak at Local Bar
News Summary A chance encounter at Lily’s Bar in Hollywood leads a local writer and actor, recovering from a breakup, to find renewed hope and inspiration in her life. Meeting...
Rise in Federal Lease Cancellations Hits Los Angeles
News Summary Los Angeles faces a significant surge in federal lease cancellations, influenced by spending cuts under the Trump Administration. Over 70,000 square feet in L.A. County were terminated, marking...
Historic U.S. Courthouse in Los Angeles Up for Sale
News Summary The federal government is selling the historic U.S. Courthouse on Spring Street in Los Angeles as part of a cost-cutting initiative. This 750,000 square foot building, designed in...
LA28 Partners with Archer Aviation to Launch Electric Air Taxis
News Summary The organizing committee for the 2028 Summer Olympics, LA28, has teamed up with Archer Aviation to introduce a fleet of electric air taxis. The initiative aims to alleviate...
Maximalist Design Transforms Century-Old Home in Highland Park
News Summary Interior designer Dani Dazey has reimagined a century-old home in Highland Park, infusing it with vibrant colors and a unique maximalist design philosophy. The 2,300-square-foot residence features bold...
