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Beverly Hills,CA Business News

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Local Kitchens food hall showcasing diverse dishes and seating arrangements

Local Kitchens Opens First Los Angeles Location in Studio City

July 10, 2025

News Summary Local Kitchens has officially opened its first location in the Los Angeles area, situated in Studio City. Known for its chef-driven menus and diverse culinary options, the food...

Interior view of Bacio di Latte gelateria showcasing gelato and decor

Bacio di Latte Unveils Flagship Gelateria in Beverly Hills

July 9, 2025

News Summary Bacio di Latte has opened its flagship gelateria in Beverly Hills, offering authentic Italian gelato and artisanal coffee. The 1,400 square foot location features a modern Italian design,...

Guests networking at the Summer Garden Party hosted by the Beverly Hills Chamber of Commerce.

Offer Nissenbaum Elected Chair of Beverly Hills Chamber of Commerce

July 4, 2025

News Summary Offer Nissenbaum has been elected as the board chair for the Beverly Hills Chamber of Commerce. With over 17 years in the community, he aims to address local...

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...

Artistic display of unique pizza styles with fresh ingredients

Southern California Pizzerias Shine in Global Rankings

July 2, 2025

News Summary Three Southern California pizzerias have made it to the world’s top 100 at the 2025 Best Pizza Awards in Milan. Pizzeria Sei ranked No. 44, while Apollonia’s Pizza...

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...

Artistic interpretation of classic kung fu film scenes

AI to Revitalize Iconic Kung Fu Classics in China

June 30, 2025

News Summary The China Film Foundation plans to rejuvenate 100 classic kung fu films using artificial intelligence. The initiative aims to enhance cultural storytelling by reinterpreting beloved titles, with collaborations...

Innovative healthcare technology setup with patient monitoring devices.

OutcomeMD Raises $15.2 Million for Healthcare Innovation

June 30, 2025

News Summary OutcomeMD, a health technology company, has raised $15.2 million in its latest funding round, enhancing its operations and technological capabilities. This funding brings the total investment to $17.6...

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...

FINANCE

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...

Residential property renovation in Ponca City

Ponca City Secures $5.9 Million Real Estate Investment Loan

April 17, 2025

News Summary Ponca City, Oklahoma, is experiencing a surge in real estate investment as Flexi-View Lending announces a significant $5.9 million fix-and-flip loan. This financing, with an 80% loan-to-value ratio,...

Exterior of Valley Bank's new branch in Beverly Hills

Valley Bank Opens Its First California Branch in Beverly Hills

April 11, 2025

News Summary Valley Bank has officially opened its first California branch in Beverly Hills with a grand celebration, including a $10,000 donation to the Beverly Hills Education Foundation. Located at...

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

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...

Historic Mediterranean-style estate in Brentwood Los Angeles

Historic Mediterranean Estate in Brentwood Goes Under Contract

May 27, 2025

News Summary A stunning Mediterranean-style estate in Brentwood, Los Angeles, has gone under contract just a week after being listed for $9.5 million. The property, known for its celebrity owners...

Conceptual design of the Louis Vuitton flagship store in Beverly Hills

Louis Vuitton Unveils Plans for New Flagship Store in Beverly Hills

May 24, 2025

News Summary Beverly Hills is set to welcome a new luxury retail flagship store by Louis Vuitton, designed by architect Frank Gehry. The 100,000 square foot store will offer a...

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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