Amgen Sees C-Suite Shifts
Amgen Inc. announced a cascade of C‑suite reshuffles after Chief Technology Officer David Reese announced his retirement effective June 1. Senior Vice President of AI and Data Sean Bruich will step into the CTO role, while EVP of R&D James Bradner will take on AI and data responsibilities. Murdo Gordon will add global markets, government affairs and policy to his commercial portfolio, and chief medical officer Paul Burton will retain his title unchanged. CEO Robert Bradway will continue as chief executive and chairman.
JetZero Embarking on Home Facility Revamp
JetZero Inc. is renovating its 32,000‑square‑foot headquarters at Long Beach Airport, with Mark Odom Studio leading the redesign. The modernized campus will feature flexible workspaces around a central hangar to accelerate decision‑making and foster innovation. The upgrade follows a $175 million...
Firm’s $650 Million Raise Will Trickle to Long Beach
True Anomaly Inc., the Denver‑born aerospace‑defense startup, closed a $650 million Series D round, lifting its valuation to $2.2 billion. The capital, led by Riot Ventures and Eclipse, will channel several hundred million into its Long Beach manufacturing hub, where the firm plans to...
OpEd: Artificial Intelligence Redefines Workspace
Los Angeles executives are shifting AI from pilot projects to enterprise‑wide deployment, with 92% naming it a top investment priority for 2026. The surge in AI use is reshaping task assignment, review, and governance, prompting leaders to balance speed with...
Who’s Who in Finance: Hollywood to Main Street
City National Bank, the Royal Bank of Canada’s Los Angeles subsidiary, is leveraging its SBA expertise to broaden its client base beyond the entertainment sector. The bank has become the nation’s second‑largest SBA 504 lender and processes most SBA applications in...
Avoiding a Fundraise
Convoso, a Woodland Hills SaaS dialer provider founded in 2006, has sustained profitability for two decades without any venture or private‑equity funding. The company’s bootstrapped path contrasts with the broader Southern California tech scene, where only about 47% of firms...
Adaptive Reuse Is a Slow Burn
Los Angeles has loosened zoning rules with a citywide adaptive reuse ordinance, allowing any building at least 15 years old to be converted into multifamily housing and permitting smaller unit sizes and added floors. While developers like Jamison Services are...
Brentwood Apartments Are Sold
Two multifamily complexes in Brentwood, Los Angeles, comprising 61 units sold for more than $46 million, establishing a new price‑per‑unit benchmark for the area. The properties—11911 Mayfield Ave. (31 units) and 11860 Kiowa Ave. (29 units)—attracted over 10 offers and closed...
Two Student Housing Projects Hit Milestones
Earlier this month a 153‑unit student housing portfolio near UCLA, Axiom Westwood, sold for $62.6 million, marking the largest unit‑count transaction in the area since 2020. The sale follows significant capital upgrades since 2015 and comes as UCLA plans a 6%...
Dunleer Buys Industrial Valley Asset
Beverly Hills‑based Dunleer acquired a Class A multi‑tenant industrial building in Van Nuys for $10.6 million. The 34,366‑sq‑ft, 2009‑built asset is fully occupied, featuring eight 20‑ft clear‑height units with loading doors and office space. The purchase includes a condo map that could...
Bay Cities Names New Successor
Bay Cities Container Corp. has named long‑time veteran Sahar Mehrabzadeh as chief revenue officer and the designated successor to CEO Greg Tucker. The promotion follows a two‑decade tenure during which the firm earned three Outstanding Merchandising Achievement Awards and several...
Williams Rebuild Debuts New Push
Williams Rebuild, a subsidiary of Williams & Watt Inc., launched in April 2025 and has moved 30 wildfire‑damaged homes through design, permitting and construction. The firm partnered with the nonprofit Foothill Catalog Foundation to build two demonstration "Tonia Homes" on...
Noma Opens Shop in Silver Lake
Noma opened its first U.S. retail outlet, Noma Projects, in Silver Lake, Los Angeles, selling fermented foods and cookbooks as part of a 16‑week residency that runs through June. The shop operates Thursday‑Sunday and marks the brand’s expansion beyond its...
Snapshot: Max Leather
Max Leather Inc., founded by Max Khansefid in 1986, grew from a $3,500 start to its first $1 million in revenue within five years, building a reputation for exotic leather boots and belts worn by NBA stars. The family‑run business kept...
Tourism: L.A.’s World Cup Moment
Los Angeles will host eight 2026 FIFA World Cup matches at SoFi Stadium from June through mid‑July, drawing up to 1.24 million international visitors. The tournament is projected to generate $892 million in direct economic impact, plus $230 million in media value, pushing...