Business News
Business News
Los Angeles Fourth & Central Development to Transform Housing Market
News Summary The Fourth & Central mixed-use development in Los Angeles aims to combat the housing crisis with 1,589 residential units, including affordable housing. With an estimated cost of $2...
Discover the Best Thai Restaurants in Los Angeles
News Summary Los Angeles is home to the largest Thai population outside of Thailand, making its Thai cuisine an integral part of the city’s culture. Food critic Bill Addison has...
Explore Los Angeles’ Culinary Scene with Four Must-Try Restaurants
News Summary Food enthusiasts in Los Angeles have a rich culinary landscape to explore, featuring diverse flavors and dishes at four highlight restaurants. From the duck specialties at Pa Ord...
Erewhon Launches Strawberry Glaze Skin Smoothie Kit for a Cause
News Summary Erewhon, a luxury supermarket chain, has introduced its Strawberry Glaze Skin Smoothie Kit to support the American Cancer Society during Breast Cancer Awareness Month. Priced at $100, the...
Public Safety Concerns Mount Over 6th Street Viaduct Closures
News Summary Los Angeles is grappling with heightened public safety issues as the newly opened 6th Street Viaduct has been closed for the fourth time in five days due to...
Herringbone L.A. Unveils Unique Seafood Dining Experience
News Summary Herringbone L.A. is set to open at the Mondrian Hotel, introducing a vibrant dining experience focused on high-end seafood and adventurous ingredients. Chef Brian Malarkey aims to create...
Riverside County Leads in Apartment Construction Growth
News Summary Riverside County has achieved a remarkable 154.1% growth in apartment completions, highlighting a significant economic transformation and population surge in the region. In contrast, Los Angeles struggles with...
Los Angeles Embraces Culinary Tradition with Flor de Izote
News Summary Los Angeles is experiencing a culinary revival centered on flor de izote, the delicate blooms of the giant yucca. This seasonal delicacy, meaningful to Salvadorans, connects them to...
Los Angeles Prepares for Electric Air Taxi Launch
News Summary Operators in Los Angeles are working to establish landing sites for electric air taxis ahead of the 2028 Olympic Games. VertiPorts by Atlantic is actively seeking locations for...
Finance
Public Safety Concerns Mount Over 6th Street Viaduct Closures
News Summary Los Angeles is grappling with heightened public safety issues as the newly opened 6th Street Viaduct has been closed for the fourth time in five days due to...
Los Angeles Restaurant Industry Faces Major Crisis
News Summary The restaurant industry in Los Angeles is struggling as rising operational costs and decreased patronage lead to numerous closures, including notable establishments and historic landmarks. Factors such as...
U.S. Bank Appoints Adrian Montero as West Region Manager
News Summary U.S. Bank has appointed Adrian Montero as the West region manager for commercial real estate, focusing on financing initiatives in California, Arizona, and Nevada. He aims to boost...
Los Angeles County Halts Seismic Retrofit on Gas Co. Tower
News Summary Los Angeles County has suspended seismic retrofit work on the Gas Co. Tower amid rising costs and safety concerns. County officials are debating the building’s ability to withstand...
David E. Kelley Faces Challenges Filming in Los Angeles
News Summary Production for David E. Kelley’s Apple TV+ series, ‘Margo’s Got Money Troubles,’ has been impacted by recent wildfires in Los Angeles. Despite initial thoughts of relocating, the production...
Jimmy Kimmel Live Suspended Following Controversial Remarks
News Summary ABC has indefinitely suspended ‘Jimmy Kimmel Live!’ after host Jimmy Kimmel made controversial comments about the killing of conservative activist Charlie Kirk. Nexstar Media Group has announced it...
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...
Real Estate & Properties
Riverside County Leads in Apartment Construction Growth
News Summary Riverside County has achieved a remarkable 154.1% growth in apartment completions, highlighting a significant economic transformation and population surge in the region. In contrast, Los Angeles struggles with...
Los Angeles Faces Decline in Apartment Construction
News Summary Los Angeles is experiencing a significant decline in apartment construction as developers pause new projects due to profitability issues and regulatory uncertainties. Despite high housing demand, rising construction...
Los Angeles Proposes Minimum Wage Increase for Construction Workers
News Summary The Los Angeles City Council is considering a significant pay raise for residential construction workers, proposing a new minimum wage of $32.35 per hour. This increase aims to...
Los Angeles Faces Tourism Decline Amid Economic and Political Challenges
News Summary Los Angeles is grappling with a nearly 10% decline in tourism this summer due to economic and political challenges. High-profile safety concerns and immigration issues have deterred international...
One Beverly Hills Development Set to Transform Local Landscape
News Summary Beverly Hills is gearing up for the groundbreaking development of One Beverly Hills, featuring a vast retail and dining space, a luxurious hotel, and residential towers set to...
U.S. Bank Appoints Adrian Montero as West Region Manager
News Summary U.S. Bank has appointed Adrian Montero as the West region manager for commercial real estate, focusing on financing initiatives in California, Arizona, and Nevada. He aims to boost...
Luxury Rental Market Surges in Los Angeles
News Summary Los Angeles is experiencing an unprecedented increase in its luxury rental market, with over 250 properties available for six-figure monthly leases. This trend is driven by various factors,...
Jimmy Kimmel Live Suspended Following Controversial Remarks
News Summary ABC has indefinitely suspended ‘Jimmy Kimmel Live!’ after host Jimmy Kimmel made controversial comments about the killing of conservative activist Charlie Kirk. Nexstar Media Group has announced it...
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...