Pacific6, whose six founding members include John Molina, owns two downtown Ocean Blvd. properties: The Breakers (Ocean Blvd. a half block east of Pine Ave.) and the Ocean Center Building (SW corner of Ocean Blvd. Pine Ave.) On October 1, 2019, the City Council approved giving a Pacific6 entity a city management-recommended, Mayor Garcia-supported $13 million 9 year Ecoonomic Development Subsidy to facilitate the firm's plan to turn the former (vacated) Breakers hotel building into a contemporary boutique luxury hotel. (LBREPORT.com coverage of subsidy details here and Council vote < coverage here.

Two weeks later on October 15, 2019, the Council voted to authorize a city management-recommended, Mayor Garcia-supported transaction enabling MWN LLC, an entity in which a City media release subsequently identified Paciifc6 as a partner, to open/operate a smaller version of LB's former Community Hospital on city-owned seismically challenged land for $1 year rent. The transaction included commiting LB taxpayers to spend up to $1-$2 million annually for up to 15 years to pay half the cost of seismic upgrades (which LB city management said it plans to fund using LB's Measure A sales tax.) (LBREPORT.com coverage of lease details here and Council voted action .here>.)

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In a Feb. 3, 2020 piece, Business Journal founder (now former publisher) George Economides acknowledged that he'd suffered a stroke on March 30 that left him "in no shape to run a demanding business" which since had been handled by his daughter April. Mr. Economides said he was "proudest [of his] two-year involvement in having the city’s utility users tax cut in half, collectively saving every resident and business tens of millions of dollars over the past 19 years, and forcing city officials to re-visit their spending priorities

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Pacific6's LBPost.com publisher, David Sommers, will now oversee publication of Pacific6's LB Buisiness Journal.. Campaign contribution filings indicate that in 2018, Mr. Sommers contributed $750 to re-elect Mayor Robert Garcia ($250 in February, $500 in March 2018), $100 to re-elect 5th dist. Councilwoman Stacy Mungo (in February 2018 when she faced challengers Rich Dines and Corliss Lee) and $500 to Jared Milrad's unsuccessful 2018 campaign to unseat 7th dist. Council incumbent Roberto Uranga.

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Mr. Sommers' online LinkedIn page indicates that from Aug. 2016-January 2018, he was Associate Vice President, Internal Communications for Molina Healthcare. Mr. Sommers previously held communications positions in the office of Los Angeles County's CEO, prior to which he was Communications Director for Supervisor Don Knabe (June 2005-July 2010.)

Pacific6 takes over the Business Journal effective Feb. 4.

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