Business News
Business News
Altadena Faces Housing Crisis Amid Immigration Raids
News Summary Altadena is struggling to recover from devastating wildfires, with construction efforts stalled due to immigration raids reducing the labor force. The ongoing raids have heightened fears among immigrant...
Original Pantry Café Set to Reopen After Closure
News Summary The Original Pantry Café in downtown Los Angeles will reopen on January 1, 2026, following a six-month closure due to a labor dispute. Now under new ownership by...
Ranking the Best Movie Theater Popcorn in Los Angeles
News Summary A recent review by L.A. TACO evaluates the top movie theater popcorn in Los Angeles, considering factors like community impact and independent ownership. Notable mentions include Milagro Cinemas...
Mayor Bass Withdraws Mansion Tax Proposal in LA
News Summary In a pivotal move, Los Angeles Mayor Karen Bass has withdrawn her proposal to amend the city’s mansion tax, Measure ULA, just before a critical vote. The proposal...
Port of Los Angeles Introduces Groundbreaking Wave Power Project
News Summary The Port of Los Angeles has launched the first onshore wave power project in the U.S., featuring seven innovative blue steel structures designed by Eco Wave Power. This...
Segal McCambridge Merges with Chapman Glucksman in LA
News Summary Chicago-based law firm Segal McCambridge Singer & Mahoney Ltd. has merged with Chapman Glucksman, expanding its Los Angeles office and enhancing client services. This strategic move adds 36...
Global Matcha Shortage Expected to Peak by 2025
News Summary A worldwide matcha shortage is anticipated to peak by 2025, fueled by a surge in demand driven by social media trends and health awareness. The market, projected to...
Beat the Heat with Cool Dining Spots in Los Angeles
News Summary As Los Angeles faces a persistent heatwave, Eater LA has curated a list of ideal dining locations that offer refreshing culinary experiences. From delectable shaved ice at Anko...
NeueHouse Shuts Down Co-Working Locations Amid Financial Struggles
News Summary NeueHouse, an upscale members-only co-working club, has abruptly closed its locations in Venice, Hollywood, and New York City due to severe financial challenges. The closures were announced with...
Finance
NeueHouse Shuts Down Co-Working Locations Amid Financial Struggles
News Summary NeueHouse, an upscale members-only co-working club, has abruptly closed its locations in Venice, Hollywood, and New York City due to severe financial challenges. The closures were announced with...
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...
Real Estate & Properties
Mayor Bass Withdraws Mansion Tax Proposal in LA
News Summary In a pivotal move, Los Angeles Mayor Karen Bass has withdrawn her proposal to amend the city’s mansion tax, Measure ULA, just before a critical vote. The proposal...
NeueHouse Shuts Down Co-Working Locations Amid Financial Struggles
News Summary NeueHouse, an upscale members-only co-working club, has abruptly closed its locations in Venice, Hollywood, and New York City due to severe financial challenges. The closures were announced with...
Mayor Bass Appoints City Film Liaison to Boost Los Angeles Film Industry
News Summary Los Angeles Mayor Karen Bass has named Steve Kang as the City Film Liaison, a position aimed at aiding film and television productions in navigating city regulations. Kang...
Art and Heritage Blend in Monterey Park Home Renovation
News Summary Yi Kai and Jian Zheng have created a unique artistic home in Monterey Park that reflects their cultural heritage. Their innovative redesign features a kidney-shaped swimming pool, curvilinear...
Los Angeles City Council Approves 51-Story Apartment Tower
News Summary The Los Angeles City Council has greenlit the construction of a 51-story apartment tower in the South Park neighborhood, featuring 536 rental units and ground-floor retail spaces. Developed...
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...
