In a major win for Southern California's aerospace industry, the U.S. Space Force will establish its acquisitions and technology division in the Los Angeles area this summer.
The move, observers said, cements the region – home to SpaceX and Virgin Orbit – as a major force while raising the profile for a myriad of local startups, as the government looks to private industry to bolster the next generation of space travel.
- SpaceX Wins Space Force Contract to Launch Two Missions - dot.LA ›
- SpaceX Wins $160 Million Space Force Launch Contracts - dot.LA ›
Adding a backyard home in Los Angeles is now nearly as easy as buying a barbecue.
Homeowners who for years have wanted to build a granny flat in their backyard, but dreaded the red tape, can now choose from 20 pre-designed homes that the city has already approved for use.
The shift, made official last week, will speed up a weeks-long process and bring more badly needed units to an overpriced market. It also has the potential to elevate the 14 startups and firms building the next generation of homes.
Abodu<img class="rm-lazyloadable-image rm-shortcode" type="lazy-image" data-runner-src="https://dot.la/media-library/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yNTgxNjQxNi9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTY1OTAwNjE0N30.1V5mQn7KwAAi8JA0TVrQxf8wRKBFBr8G78o-xi0ISjg/image.jpg?width=980" id="e8c6f" width="1592" height="896" data-rm-shortcode-id="6af236723d4f46a74d723d53655f9042" data-rm-shortcode-name="rebelmouse-image" alt="Abodu" />
Abodu<p>Abodu, based in Redwood City in the Bay Area, exclusively designs backyard homes. In 2019, it worked with the city of San Jose on a program similar to the one Los Angeles is undertaking.</p><p>In October, it closed a seed funding round of $3.5 million led by Initialized Capital.</p><p>It has been approved for a one-story 340-square-foot studio, a one-story one-bedroom at 500 square feet, and a one-story, 610-square-foot two-bedroom.</p><p>The pricing for the studio is $189,900, while the one-bedroom costs $199,900 and the two-bedroom is $259,900.</p>
Amunátegui Valdés Architects
Escher GuneWardena Architecture
Fung + Blatt Architects<img class="rm-lazyloadable-image rm-shortcode" type="lazy-image" data-runner-src="https://dot.la/media-library/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yNTgxNjQ1My9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTY2Mzg1MTMzM30.HrqcIoYJqfy-VQSOUoOfgmCZeWzC2rjK6MzYpDGMDiw/image.jpg?width=980" id="21d35" width="2000" height="1125" data-rm-shortcode-id="1c5fed489775c3c1099758f76fdaf09a" data-rm-shortcode-name="rebelmouse-image" alt="Fung + Blatt Architects" /><p>Fung + Blatt Architects is a Los Angeles-based firm founded in 1990.<br></p><p>The city has approved its 795-square-foot, one-story, one-bedroom unit with a roof deck. It estimates the construction cost to be $240,000 to $300,000, excluding landscape, site work and the solar array. Homeowners can also expect other additional costs.</p>
Taalman Architecture/ IT House Inc.
Jennifer Bonner/MALL<img class="rm-lazyloadable-image rm-shortcode" type="lazy-image" data-runner-src="https://dot.la/media-library/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yNTgxNjQ2MS9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTY2MDgxNzk0MH0.BPjTqwbxy_jtZWsbl2PxswCSFINStYw2EUmV6RR8kVY/image.jpg?width=980" id="ccf72" width="2000" height="1125" data-rm-shortcode-id="3867986ac525f82bba0c96e57fffa38b" data-rm-shortcode-name="rebelmouse-image" alt="Jennifer Bonner/MALL" /><p>Massachusetts-based Jennifer Bonner/MALL designed a "Lean-to ADU" project, reinterpreting the stucco box and exaggerated false front, both Los Angeles architectural mainstays.</p><p>The design has been approved for a 525-square-foot one-story, one-bedroom unit with a 125-square-foot roof deck.</p>
sekou cooke STUDIO<img class="rm-lazyloadable-image rm-shortcode" type="lazy-image" data-runner-src="https://dot.la/media-library/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yNTgxNjQ4Ny9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTY2Nzk4NzAxMn0.9raLIPwIs-rV4fRlyfEv_051-CEY_DUfL-TYNeE3XRw/image.jpg?width=980" id="ce388" width="1920" height="1080" data-rm-shortcode-id="b9b6a9cbcfdf7c16dd33d14eb82bbc6c" data-rm-shortcode-name="rebelmouse-image" alt="sekou cooke STUDIO" /><p>New York-based sekou cooke STUDIO is the sole Black-owned architectural firm on the project.<br></p><p>"The twisted forms of this ADU recalls the spin and scratch of a DJ's records" from the early 90s, the firm said.</p><p>Its design, still pending approval, is for a 1,200-square-foot, two bedroom and two bathroom can be adapted to a smaller one-bedroom unit or to include an additional half bath.</p>
SO-IL<img class="rm-lazyloadable-image rm-shortcode" type="lazy-image" data-runner-src="https://dot.la/media-library/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yNTgxNjUwNC9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTY3OTY1NzkwM30.pxRMAoyB6fycE1CN7KLIGmcH9x-08OIy_l3Ouiqjla4/image.jpg?width=980" id="010b5" width="2000" height="1125" data-rm-shortcode-id="47dea1a0127457825c0ee27247405b0a" data-rm-shortcode-name="rebelmouse-image" alt="SO-IL" /><p>New York-based SO-IL was founded in 2008. It has completed projects in Leon, Seoul, Lisbon and Brooklyn.</p><p>Its one-story, one-bedroom 693-square-foot unit is pending approval. It is estimated the construction cost will be between $200,000 and $250,000.</p>
WELCOME PROJECTS<img class="rm-lazyloadable-image rm-shortcode" type="lazy-image" data-runner-src="https://dot.la/media-library/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yNTgxNjUwNS9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTYzNTMzNTYxNn0.rs16e7QN7cw7HafPiNu6f4nYwltuv0l_mCxwjIeEgFY/image.jpg?width=980" id="8fa2a" width="1920" height="1080" data-rm-shortcode-id="fadc6b505bf55b66a22a91a71497435e" data-rm-shortcode-name="rebelmouse-image" alt="WELCOME PROJECTS" /><p>Los Angeles-based Welcome Projects has worked on projects ranging from buildings, houses and interiors to handbags, games and toys.</p><p>Its ADU is nicknamed The Breadbox "for its curved topped walls and slight resemblance to that vintage counter accessory."</p><p>It has been approved for a one-story, one-bedroom 560-square-foot unit.</p>
This Poet Turned Financier Is Raising Millions of Dollars to Fund Black and Latino Investors and Entrepreneurs
The 46-year-old poet-turned-financer Taj Eldridge is raising $250 million to support Black and brown entrepreneurs and investors.
The fund will be split in two buckets, $125 million will go toward direct investments in clean tech, healthcare tech, media and fintech, as well as follow-on investments for companies that its affiliated fund managers make investments in. The rest of the funds will support fund managers raising at least $5 million that are majority-owned by Black or Brown individuals with an environmental social governance focus.
"What we like to say is we like to see funds that impact how you work, how you live and how you thrive," Eldridge told Minnie Ingersoll on the LA Venture podcast.
Eldridge, senior director of investments for the Los Angeles Cleantech Incubator, said the idea for the new fund began in 2019 before last summer's racial reckoning when he had a conversation with a "high net-worth individual" about reducing the racial wealth gap.