Breaking News
36 storiesBreaking business and local news from Los Angeles and Southern California, updated around the clock.
San Fernando Valley office building sells for $12.5M to owner-user buyer
An office building in the San Fernando Valley has sold for $12.5 million to an owner-user buyer. The transaction reflects continued demand from businesses seeking to own rather…
The Business Journals ·
Balboa Island’s Famed Frozen Banana Stand Is Expanding to Long Beach
Sugar ‘n Spice, the Balboa Island frozen banana stand that inspired the Bluth’s stand on Arrested Development, is expanding to Long Beach. The popular dessert spot aims to open…
Eater LA ·
Los Angeles wants to open a bank. Critics say the risks could fall on taxpayers
Los Angeles City Council approved spending $460,000 to study the feasibility of launching a municipally owned bank. Proponents hope it could expand affordable lending for local…
Straight Arrow ·
All the New Restaurant Openings to Know in Los Angeles
Los Angeles continues welcoming new restaurants ranging from chef-driven spots in landmark venues to casual neighborhood eateries and pop-ups turning permanent. The expanding…
Eater LA ·
Los Angeles Times | "A Butter Knife Against a Nuclear Arsenal:" Tech Billionaires Vastly Outspend Wealth Tax Supporters
Tech billionaires have poured far more money into opposing a proposed wealth tax than supporters have spent backing it, according to a new analysis. The imbalance highlights how…
Loyola Marymount University ·
Elizabeth Hurley Reveals She and Billy Ray Cyrus Are Moving In Together in Los Angeles
Elizabeth Hurley announced plans to move in with Billy Ray Cyrus in Los Angeles. The 61-year-old actress shared the news during a podcast appearance, signaling a new chapter for…
Realtor.com ·
Top 100 Lawyers
Los Angeles Business Journal is accepting nominations for its sixth annual Top 100 Lawyers list, set for April 2027. The program recognizes firm attorneys driving LA business…
Los Angeles Business Journal ·
Why are pro-housing groups split on Proposition 45?
Some pro-housing advocates oppose Proposition 45 despite its goal of streamlining construction. They fear the measure will encourage suburban sprawl instead of dense,…
LAist ·
The Best Dishes Eater Editors Ate This Week: October 26
Eater LA has a new report touching on dining, culture and how Angelenos live in Los Angeles. According to the coverage, it involves The Best Dishes and Eater Editors Ate. The…
Eater LA ·
Iconic diner that closed after 100 years in business makes comeback
The Original Pantry Cafe, a downtown Los Angeles landmark that closed after a century in business, is set to reopen with all restaurant profits funding local homelessness…
Fox Business ·
EXCLUSIVE: Steven Spielberg Pulls $30 Million L.A. Ranch Off the Market
Steven Spielberg and Kate Capshaw have removed their sprawling Los Angeles ranch from the market after listing it for $30 million. The couple bought the property in 1999 for…
Realtor.com ·
Bookinglane Expands Los Angeles and LAX Presence as AI and Autonomous Vehicles Reshape Transportation
Bookinglane is expanding its ground transportation services across Los Angeles and LAX amid rapid advances in AI and autonomous vehicles. The company aims to adapt its platform…
Yahoo Finance ·
A Santa Monica Bakery Is Expanding into Los Angeles’ Silver Lake Neighborhood
Jyan Isaac Bread will open a new location in Silver Lake on November 2, extending its popular artisan sourdough and bakery-cafe model from Santa Monica. The expansion gives Los…
WhatNow ·
New look for proposed apartment complex at 5600 Hollywood Blvd.
Urbanize LA has a new report touching on property, development and housing in Hollywood. According to the coverage, it involves Hollywood Blvd and Hollywood Blvd. The full…
Urbanize LA ·
Bjarke Ingels-designed project in the works at 2810 N. Hyperion Ave. in Silver Lake
Urbanize LA has a new report touching on property, development and housing in Los Angeles. According to the coverage, it involves Bjarke Ingels and Hyperion Ave. The full details…
Urbanize LA ·
Alveare affordable housing topped out at 1405 S. Broadway in DTLA
Urbanize LA has a new report touching on property, development and housing in Los Angeles. According to the coverage, it involves Steven Sharp Mon and In Downtown Los. The full…
Urbanize LA ·
Mixed-use project completed at Sunset and Fairfax in Hollywood
Urbanize LA has a new report touching on property, development and housing in Hollywood. According to the coverage, key figures include $3,375 and $4,720 ; it involves Hollywood…
Urbanize LA ·
Mírate team open Gilbert Pérez Bar in LA
The team behind popular LA spots Mírate and Daisy Margarita has launched Gilbert Pérez Bar in Los Angeles. The new venue expands their growing hospitality presence in the city’s…
The Spirits Business ·- edhat
Chinese National Extradited to L.A. in $36.9M Crypto Scam Scheme
A Chinese national accused of orchestrating a $36.9 million cryptocurrency fraud has been extradited to Los Angeles to face federal charges. The scheme allegedly targeted…
edhat · 
Bass and Raman skirmish over treatment of small business. The Valley is a battleground
LA mayoral candidates Karen Bass and Nury Martinez clashed over their records supporting small businesses during a heated debate. The San Fernando Valley has emerged as a key…
LA Times Business ·
Inside the rift at Netflix as the company faces layoffs and executive shake-ups
Tensions are rising at Netflix between its Los Angeles film and television executives and Silicon Valley engineers over strategies for business growth and content promotion. The…
Los Angeles Times ·
Fifth Wall Founder Talks VC Funding Strategy
Fifth Wall has expanded rapidly since launching in Beverly Hills a decade ago, now managing $3.1 billion with 115 strategic partners and backing about 170 PropTech startups.…
Los Angeles Business Journal ·
Pulse Fund Founder Backs Climate-Focused Firms
Pulse Fund founder Tenzin Seldon, who grew up in a cashless nomadic community in the Himalayas, is now investing in early-stage climate technology startups. Her venture firm…
Los Angeles Business Journal ·
Banc of Cal Expands to Private Banking
Banc of California has launched a private banking division to serve high-net-worth individuals in Los Angeles. The $34 billion Brentwood-based bank, which spent 85 years focused…
Los Angeles Business Journal ·
Expanded Use for ImmunityBio Drug
ImmunityBio secured FDA approval to expand its flagship drug Anktiva for a more prevalent type of bladder cancer. The Culver City immunotherapy firm received the green light on…
Los Angeles Business Journal ·- Los Angeles Business Journal
LABJ Insider: AJC Honors Local Attorney
Local family law attorney Stacy Phillips received the Judge Learned Hand Award from the American Jewish Committee at a Skirball Cultural Center event. The honor was presented by…
Los Angeles Business Journal · 
OpEd: World Needs U.N. Convention on AI
World leaders at the recent UN General Assembly prioritized artificial intelligence amid growing global risks. The op-ed warns that delaying coordinated governance, as seen with…
Los Angeles Business Journal ·
Inglewood Starts Transit Development
Inglewood officials broke ground on a $261 million transit connector to link the Metro K Line with downtown and the SoFi Stadium entertainment district. The 1.6-mile project…
Los Angeles Business Journal ·
Tutor Perini Nabs $315M Contract
Tutor Perini Corp., headquartered in Sylmar, secured a $315 million deal through its subsidiary to construct a new fuel pier for the U.S. Coast Guard in Kodiak, Alaska. The award…
Los Angeles Business Journal ·
Closure Set for Vincent Thomas Bridge
The Vincent Thomas Bridge linking San Pedro to Terminal Island will shut down next month for at least 16 months while crews replace its aging road deck. The 6,000-foot span,…
Los Angeles Business Journal ·
Reese Witherspoon Buys Back Hello Sunshine
Los Angeles Business Journal has a new report touching on money, deals and the regional economy in Los Angeles. According to the coverage, it involves Reese Witherspoon Buys and…
Los Angeles Business Journal ·
Behind Fashion’s Seams: Technology meets craftsmanship in Downtown LA
Downtown LA’s Fashion District hosted “What Fashion Runs On” on Oct. 16, drawing about 70 designers, technologists and executives to the Bendix Building. The event explored how…
Los Angeles Downtown News ·- KTLA
L.A. attorney poisoned, buried on property by foster son, prosecutors say
An LA attorney was allegedly poisoned and buried on his own property by his foster son, according to prosecutors. The suspect faces murder charges in the death. The case…
KTLA · 
Inside Ulike’s Los Angeles Event Celebrating Confidence, Technology and PCOS Awareness
Ulike hosted an event in Los Angeles highlighting its beauty technology innovations and raising awareness for PCOS. The gathering emphasized building confidence through easy…
WWD ·
Los Angeles County homes sell for 66.8% more than nearby suburbs, the biggest US gap
Los Angeles County homes now command a 66.8 percent premium over nearby suburbs, the widest gap recorded in any major US metro. High urban incomes paired with stark inequality…
Yahoo Finance ·
