LOS ANGELES — California Market Center’s biggest tenant is now one of its owners.
Britain-based DMG World Media, operators of the California Gift Show held at the CMC, has purchased a minority stake in the $200 million three-building complex. The size of the stake was not disclosed, however it is believed to be at least 30 percent. DMG is expected to increase the size of its stake in the future.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"