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Struggling EV startup Faraday Future owes the landlord of its Los Angeles headquarters nearly $1 million after missing the last two months’ rent, TechCrunch has learned. The landlord, Rexford Industrial, filed a previously unreported lawsuit against Faraday Future this week in Los Angeles Superior Court that accuses the startup of missing its January and February lease payments, as well as associated maintenance fees and taxes. Rexford claims the startup owes it $917,887.26 as a result and is…

Eddie Wilson could tell stories about the Armadillo World Headquarters, the storied Austin music venue he founded in 1970, for hours. He’ll tell you about how “nowhere else in the world” had ever treated Charlie Daniels so good, or the “phonebook thick” contract ZZ Top made him sign, or maybe the times that names like Willie Nelson, Ray Charles, and Stevie Ray Vaughan performed there in the Seventies.  “We got one wonderful picture of Frank Zappa bending over a table with a razor blade,” Wilson recounts in his…

A half dozen companies operating in the state informed the Colorado Department of Labor and Employment of their layoff plans as January came to a close. In total, the companies are letting go of 378 workers up and down the Front Range, from Fort Collins to Pueblo, according to Worker Readjustment and Retraining Notification Act notices filed with the state between Jan. 25 and Jan. 31. The largest job reduction, at 124 employees, came from Axiom Healthcare Services out of Wichita, Kan., which is closing its Flatirons…

MDC Holdings, a 51-year-old Denver-based homebuilder with nearly a quarter of a million houses to its credit and a footprint that expands across the U.S., has agreed to a nearly $5 billion buyout offer from a Japanese firm. The homebuilder, founded by Larry Mizel in 1972 and parent of American Richmond Homes, announced the deal with Japanese homebuilder Sekisui House Ltd. on Thursday. Larry A. Mizel, chairman and CEO of M.D.C. Holdings A U.S. subsidiary of Sekisui will pay $63 a share in cash, a 19% premium to MDC’s…

The Management of Dangote Industries Limited has doused the concerns of stakeholders following the visit to its Head office in Lagos by officials of the Economic and Financial Crimes Commission (EFCC) saying it was ready to assist the Commission in its investigations. The foremost indigenous conglomerate in a statement disclosed that it received a letter from the EFCC on December 6, 2023, requesting details of all the foreign exchange allocated to it by the Central Bank of Nigeria from 2014 to the present.…

There are few names in the movie business more recognizable than IMAX. The premium format company has developed a reputation with many moviegoers for providing an upgraded viewing experience, but what exactly makes that film presentation feel upgraded? One of CinemaBlend’s Managing Editors, Sean O’Connell, recently traveled to IMAX’s headquarters in Toronto to learn a whole lot more.While there, he spoke with engineers and other employees in all the major departments to find out what they do and how they’re pushing the…

Xcel Energy-Colorado has pre-leased space in a soon-to-be-completed building in the River North Art District and plans to move out of its headquarters in downtown Denver in 2025. Xcel, Colorado’s largest electric utility, and real estate firms Ivanhoé Cambridge, Hines and McCaffery said Wednesday that the company has pre-leased all the office space at T3 RiNo, a new six-story, mass-timber building. At 220,172 square feet, Xcel Energy will be the largest office tenant in RiNo, according to a statement by the companies.…

DaVita, Arrow Electronics, Charter Communications, VF Corp, and Gusto are major employers in Colorado. And while they operate in very different industries, they share something in common. They either relocated to the state or boosted hiring after receiving assistance from Job Growth Incentive Tax Credit program, which the General Assembly approved in response to the Great Recession, which cost the state 137,600 jobs in 2008 and 2009. From the first award in 2009 through this summer, employers have contracted to provide up…

Hollywood’s strike came to Los Gatos Thursday afternoon as a group of more than a hundred actors, writers and allies picketed in front of Netflix headquarters. The Northern California chapter of SAG-AFTRA, which organized the strike, is protesting the streaming model’s impact on actors’ income and uncertainty around artificial intelligence’s role in TV and films. “More people are watching more programming for longer today than ever before, and we’re making less on residuals. It’s not fair,” said Michael X. Sommers, an…

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