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Beverly Hills,CA Business News

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Exterior view of a luxurious mansion in Beverly Hills

Mark Wahlberg Sells Beverly Hills Mansion for $55 Million

July 29, 2025

News Summary Mark Wahlberg’s Beverly Hills mansion has been sold for $55 million, considered a bargain from its initial list price. The luxurious property is now owned by Paris Hilton...

A lively street in Los Angeles filled with food pop-ups and happy diners

New Culinary Ventures Transform Los Angeles Food Scene

July 26, 2025

News Summary Los Angeles is experiencing a culinary renaissance with new food ventures, including the French cruller pop-up Nyletta and various restaurants focusing on fresh concepts. From seasonal offerings to...

A vibrant view of new restaurants in Los Angeles featuring diverse cuisines.

Los Angeles Culinary Scene Transforms with New Openings

July 24, 2025

News Summary Los Angeles is experiencing a vibrant shift in its dining landscape with new restaurant openings and the revival of beloved spots. Following a series of closures at Universal...

Industrial real estate in Beverly Hills

Court Rules Robert Barth to Pay $13.4 Million in Legal Dispute

July 22, 2025

News Summary Robert Barth’s long legal battle with Stanley Black concludes with a court order for Barth to pay $13.4 million, stemming from a real estate transaction dispute in Beverly...

Display of premium meat snacks including meat sticks.

Monogram Capital Partners Reacquires Western Smokehouse

July 21, 2025

News Summary Monogram Capital Partners has successfully reacquired Western Smokehouse Partners in a $500 million deal, marking its largest transaction since inception. The family-owned business, known for premium meat snacks,...

Empty desks in a weather service office indicating staffing shortages

Staffing Shortages at National Weather Service Raise Concerns

July 16, 2025

News Summary Concerns over staffing shortages at the National Weather Service have led to class action lawsuits impacting investors. California’s offices face high vacancy rates, hampering weather forecasting just before...

Interior of the New York Bagel Deli & Bakery featuring booths and bakery display

New York Bagel Deli & Bakery Opens in Santa Monica

July 15, 2025

News Summary The NY Bagel & Deli has relaunched as New York Bagel Deli & Bakery under new ownership, bringing a fresh ambiance and a vibrant bakery case. Lenny Rosenberg...

Interior of a vibrant wine bar showing customers enjoying wine and music.

Melody Wine Bar Closes After Eight Years of Operation

July 15, 2025

News Summary Melody, the renowned wine bar in Virgil Village, has closed its doors after eight years due to declining business linked to various challenges, including the writers’ strike and...

Front view of Hi Bake Bakery in Beverly Hills showcasing baked goods

Hi Bake Bakery Opens Its First U.S. Location in Beverly Hills

July 15, 2025

News Summary Hi Bake Bakery, a popular bakery from Hong Kong, is opening its first U.S. location in Beverly Hills. Slated for a soft opening, the bakery will offer a...

FINANCE

Industrial real estate in Beverly Hills

Court Rules Robert Barth to Pay $13.4 Million in Legal Dispute

July 22, 2025

News Summary Robert Barth’s long legal battle with Stanley Black concludes with a court order for Barth to pay $13.4 million, stemming from a real estate transaction dispute in Beverly...

Empty desks in a weather service office indicating staffing shortages

Staffing Shortages at National Weather Service Raise Concerns

July 16, 2025

News Summary Concerns over staffing shortages at the National Weather Service have led to class action lawsuits impacting investors. California’s offices face high vacancy rates, hampering weather forecasting just before...

Skyline of Southern California under extreme weather conditions

Investors File Class Action Lawsuits Amid Weather Instability

July 1, 2025

News Summary Class action lawsuits have been launched for shareholders of publicly-traded companies in Southern California due to significant financial losses linked to unusual weather fluctuations. The Law Offices of...

A financial advisor office with professionals discussing financial strategies.

Jeff Runyan Joins LPL Financial in Beverly Hills

June 13, 2025

News Summary LPL Financial LLC welcomes seasoned financial advisor Jeff Runyan, who brings $330 million in client assets. Runyan’s transition from Wedbush Securities strengthens his wealth management capabilities, enhancing personalized...

Office building representing Omninet Capital's commercial real estate investments.

Neil Kadisha Leads Omninet Capital’s Strategic Investments

June 2, 2025

News Summary Billionaire investor Neil Kadisha is guiding Omninet Capital’s strategy to acquire distressed commercial and multifamily properties. With a portfolio worth over $1 billion, the firm has made significant...

Community members at Rite Aid Pharmacy in Beverly Hills

Concerns Grow Over Rite Aid’s Future in Beverly Hills

May 17, 2025

News Summary Residents of Beverly Hills are increasingly worried about the future of the iconic Rite Aid store on North Canon Drive. This pharmacy has been a community staple since...

Aerial view showing the devastation of neighborhoods in Los Angeles due to wildfires.

Los Angeles Wildfires Cause $30 Billion Real Estate Loss

May 12, 2025

News Summary The recent wildfires in Los Angeles have resulted in over $30 billion in real estate losses, displacing nearly 13,000 households. With more than 18,000 structures destroyed or severely...

Skyline of Beverly Hills showing modern buildings against a dramatic sky

Kennedy-Wilson Holdings Inc. Reports Significant Q1 Loss

May 8, 2025

News Summary Kennedy-Wilson Holdings Inc. faced a Q1 loss of $29.9 million translating to 30 cents per share. However, adjusted for non-recurring costs, the loss decreased to just 1 cent...

Elegant Beverly Hills hotel with palm trees

Beverly Hills Hotelier Files Lawsuit Against Qatari Royals

April 26, 2025

News Summary Beverly Hills hotelier Patrick McKillen has initiated a civil racketeering lawsuit against members of Qatar’s royal family, claiming defrauding tactics that have cost him millions. McKillen, who managed...

CONSTRUCTION

Construction site of One Beverly Hills with educational opportunities in view

Beverly Hills School District Explores Partnerships at One Beverly Hills

June 27, 2025

News Summary Leaders from the Beverly Hills Unified School District toured the construction site of One Beverly Hills, discussing potential partnerships to enhance student education. The project, located near local...

Portable signage in Beverly Hills commercial zone

Beverly Hills Council Discusses New Signage Regulations

May 25, 2025

News Summary The Beverly Hills City Council held a meeting to review proposed signage regulations allowing portable and blade signage in commercial zones. As COVID-19 restrictions ease, the ordinance will...

Construction site of The Maybourne Beverly Hills hotel

Irish Businessman Sues Qatari Royals for $20 Million

May 7, 2025

News Summary Patrick McKillen has filed a federal lawsuit against key members of the Qatari royal family, seeking $20 million in damages for unpaid work related to The Maybourne Beverly...

Architectural design of the new Louis Vuitton flagship store in Beverly Hills

Louis Vuitton Unveils Plans for Flagship Store in Beverly Hills

May 6, 2025

News Summary Louis Vuitton plans to open a new flagship store in Beverly Hills designed by architect Frank Gehry. The innovative 45,000 sq. ft. store on Rodeo Drive will feature...

Architectural concept design of the new Louis Vuitton store in Beverly Hills

Louis Vuitton to Open Flagship Store in Beverly Hills by 2029

May 2, 2025

News Summary Luxury fashion brand Louis Vuitton has revealed plans to establish a massive flagship store in Beverly Hills by 2029. This new store will span 100,000 square feet and...

Eco-friendly housing complex in Santa Monica with solar panels and community spaces

Construction Begins on Affordable Housing Project in Santa Monica

April 22, 2025

News Summary Santa Monica has launched a new eco-friendly housing initiative called the 20th Street Apartments. This project will create 78 units of affordable housing for low-income families and individuals...

Construction work on Wilshire Boulevard in Beverly Hills

Wilshire Boulevard Closure Completed Ahead of Schedule

April 12, 2025

News Summary Wilshire Boulevard in Beverly Hills has reopened a day earlier than expected after a three-week construction shutdown to facilitate the D Line extension project. The temporary closure affected...

Architectural rendering of The Eastern residential tower

Beverly Hills Proposes New Residential Tower ‘The Eastern’

March 10, 2025

News Summary A new 34-story residential tower, named ‘The Eastern’, has been proposed by Millennium Partners in Beverly Hills. The project promises 249 residential units, including affordable housing, along with...

MARKETING

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REAL ESTATE

Exterior view of a luxurious mansion in Beverly Hills

Mark Wahlberg Sells Beverly Hills Mansion for $55 Million

July 29, 2025

News Summary Mark Wahlberg’s Beverly Hills mansion has been sold for $55 million, considered a bargain from its initial list price. The luxurious property is now owned by Paris Hilton...

Industrial real estate in Beverly Hills

Court Rules Robert Barth to Pay $13.4 Million in Legal Dispute

July 22, 2025

News Summary Robert Barth’s long legal battle with Stanley Black concludes with a court order for Barth to pay $13.4 million, stemming from a real estate transaction dispute in Beverly...

Tuscan-style mansion in Beverly Hills with luxurious features

Drake Cuts Asking Price for Beverly Hills Estate

July 2, 2025

News Summary Musician Drake has reduced the asking price of his sprawling Beverly Hills estate by $9 million, listing it at $79 million. This price cut reflects the challenges within...

Exterior view of a luxurious mansion in Beverly Hills with lush green surroundings

Drake Reduces Asking Price of Beverly Hills Mansion

June 30, 2025

News Summary Musician Drake has lowered the asking price of his luxurious estate in Beverly Hills by $9 million, now listed at $79 million. Initially purchased for $75 million in...

Vintage Jewish deli sign representing Nate 'n Al's in Beverly Hills

Future of Nate ‘n Al’s in Jeopardy as Redevelopment Plans Emerge

June 5, 2025

News Summary Nate ‘n Al’s, the iconic Jewish deli in Beverly Hills, faces an uncertain future as redevelopment plans threaten its longtime location. Landlord Stephen Cloobeck intends to demolish the...

Interior of Hilton & Hyland brokerage office with artistic decor.

Lori Hyland Takes Charge of Hilton & Hyland Brokerage

June 3, 2025

News Summary Lori Hyland has become the sole owner of Hilton & Hyland after acquiring Richard Hilton’s stake. Amid leadership changes, Steve Katz is appointed as managing director to propel...

Luxury Beverly Hills estate with pool and gardens

Former Home of Anthony Kiedis Listed in Beverly Hills

June 2, 2025

News Summary The Beverly Hills real estate market welcomes the former residence of Anthony Kiedis, listed for $11.25 million. This luxurious estate features expansive grounds, a spacious 6,000-square-foot main house,...

Office building representing Omninet Capital's commercial real estate investments.

Neil Kadisha Leads Omninet Capital’s Strategic Investments

June 2, 2025

News Summary Billionaire investor Neil Kadisha is guiding Omninet Capital’s strategy to acquire distressed commercial and multifamily properties. With a portfolio worth over $1 billion, the firm has made significant...

Skyline of Los Angeles with modern luxurious homes and reconstruction areas

Resilience in Los Angeles Real Estate Amid Challenges

June 2, 2025

News Summary The Los Angeles real estate market shows resilience despite the challenges posed by recent devastating fires. Sales have only decreased slightly, and luxury home sales remain robust. The...

SPORTS

An ensemble cast performing in 'Here There Are Blueberries' with historical photographs displayed in the background.

Los Angeles Hosts ‘Here There Are Blueberries’ Play

March 6, 2025

News Summary Los Angeles is set to host the thought-provoking play ‘Here There Are Blueberries’ from March 13 to 30 at the Wallis Annenberg Center for the Performing Arts. Created...

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