Business life in Pasadena continues on a rosy path. With the breadth of amenities available, from transit-friendly services and walkability scores in the top 5% of the nation, to cultural landmarks, and shopping and dining flavors from every corner of the globe, Pasadena continues to attract a variety of businesses, shoppers, and visitors. With a diverse and thriving employment base, Pasadena is home to some of the most successful companies in the world as well as best-in-class institutions like Art...
Kaiser Permanente, the California-based health system that is preparing to open one of the few American medical schools not connected to a university, was set to announce Tuesday that it would waive tuition for every student in its first five graduating classes. Kaiser Permanente, which has its own hospitals, clinics, doctors and insurance plan, is following the New York University School of Medicine, which announced last year that it would eliminate tuition for all current and future students. Like N.Y.U.,...
Located about 11 miles east of downtown Los Angeles, Pasadena has a reputation in California for cultural elegance and culinary conservatism. Travelers come for the upscale boutiques in compact, metro-accessible Old Pasadena; the city’s oak-lined boulevards and Arts and Crafts-period bungalows; and institutions such as the Norton Simon Museum, the Gamble House, and the Huntington Library in neighboring San Marino. They don’t usually factor Pasadena’s food into their plans, which is a shame, because the second-oldest city in L.A. County...
A 39.3k sf building occupied by Walgreens in Pasadena has sold as a fee-simple property for $23 mil in a deal that closed with a cap rate of 4.9%. Built in 1949, the freestanding building sits on 0.79 acres at 310 South Lake Ave, at the intersection with Del Mar Blvd. Read more
The Los Angeles suburb feels worlds away from uppity Hollywood and features great hikes, gorgeous gardens and a yummy brunch scene. <a href="https://www.travelchannel.com/destinations/us/ca/photos/what-to-do-in-pasadena">Read more</a>
Cedars-Sinai Medical Center has awarded rights to a preclinical vaccine to prevent recurring brain tumors to StemVax Therapeutics, an emerging biotechnology firm based in Pasadena.
Embodied Inc., a Pasadena-based robotics and AI company developing a software platform and companion robots to revolutionize care and wellness for families and individuals, has raised $22 million in a Series A financing led by Calibrate Ventures with new major investor JAZZ Venture Partners, the company said in a press release Monday.
Major urban hubs like San Francisco, Chicago, and Philadelphia are dominate when it comes to the volume of people moving in and out on a regular basis. But, large, “2nd tier” cities are starting to make a comeback in popularity, especially among millennials. Nowadays, it seems everyone is searching for that perfect balance between big city life and small-town charm. Read more
Downtown real estate investment firm Coretrust Capital Partners has purchased Pasadena’s largest office campus, the six-acre Corporate Center Pasadena, according to the company. Read more
New Huntington Biomed Lab in Pasadena Seen as Hub for Research, Collaboration Read More