From left: SiteCompli’s Jason Griffith and Ross Goldenberg, Property Brands CEO Lisa Stinnett, and Insight managing director Jeff Horing (Credit: iStock, GSV, Insight, and SiteCompli) Private-equity firm Insight Venture Partners has made its latest bet in the commercial real estate technology space, acquiring a New York-based software company focused on building operations. Through Property Brands, […]
Guggenheim and Singapore fund make move to buy Eastdil: report
Eastdil Secured CEO Roy March and Guggenheim president Jerry Miller (Credit: Miller via Guggenheim and March by Marc Scrivo) A partnership between Guggenheim Investments and Singapore sovereign-wealth fund Temasek Holdings is in advanced talks to buy Eastdil Secured from Wells Fargo, according to the Wall Street Journal. As part of the deal, Eastdil CEO Roy […]
It ain’t easy being green: MedMen cannabis startup in financial straits, report says
Medmen execs Adam Bierman, Andrew Modlin, and MedMen’s DTLA location As it opened up dispensaries across the country, MedMen has been the poster child for the fast-growing mainstream cannabis industry. But a new report suggests the Los Angeles-based startup could be running on fumes. Financial statements released last month showed that the company did not […]
Another tech firm signs big office lease in Pasadena
Gemalto Cogent CEO Philippe Vallée and 3100 New York Drive Biometrics firm Gemalto Cogent Inc. has signed a $14 million lease for a Pasadena office building, expanding from its previous headquarters nearby. The company inked the deal with Graymark Capital and Blue Vista Capital Management, accoring to the Los Angeles Business Journal. The 54,800-square-foot lease […]
Skydance Media wraps up Lantana office purchase for $321M
David Ellison and the Lantana office Skydance Media has its new home. The firm, founded by David Ellison, closed its $321 million purchase of two office buildings in the Lantana office complex in Santa Monica. The deal was completed on March 15, deed records show. The two properties sold, Lantana Center and Lantana West, are […]
JLL’s “corrupt” culture enabled “securities fraud” and sexual harassment, broker alleges in lawsuit
Amanda Ly, Jerry Cain and Matilde Attolico A former JLL capital markets broker claims in a lawsuit that her supervisor ordered her to commit securities fraud and enabled clients to sexually harass her, and that the company ignored her repeated complaints. Amanda Ly, who worked in JLL’s Los Angeles office until December, says that JLL […]