Friday morning report, July 24

Five things to know this Friday morning: 

1.) A farewell ceremony is planned for 10 a.m. at the Civic Center to say goodbye to Ireland's Special Olympics World Games team. 

The Games officially get underway tomorrow, but tonight's Opening Ceremony will be held at the L.A. Coliseum. More than 7,000 athletes are expected to attend. 

2.) A 112-unit apartment complex at 12517 Brookshire Ave. has been sold for $25.5 million. 

Known as The Square Apartments, the complex was built in 1965 and encompasses 3.4 acres. The Bascom Group is the new owner.

"The Square is a very well located property with access to strong job centers, schools, and numerous retailers," Chad Sanderson, principal for Bascom, says in a press release. "The area continues to gentrify as evidenced by the ongoing retail development projects along with the growing number of  young professionals and families relocating to the City of Downey."

3.) On LinkedIn, Barney Santos has on article on "Why Startup Education Sucks." 

"See, traditional entrepreneurial education, as we currently know it, was developed in the 50s at Ivy League universities to fit the “Case method” style of teaching. This method was really designed to teach the next generation of consultants and executives of already existing companies, not the founders of a highly scalable startups. This is a big problem because it seems logical to assume that the same management methods taught at the University, meant for existing companies, would apply to newer startup ventures. The truth, as we now know, is far removed from that reality because startups operate in a very different way."

The whole article is worth a read. 

4.) St. John Bosco has broken ground on a 124,000 sq. ft. athletic center that is expected to open in October. 

According to a press release, the school is opening up the complex to youth soccer teams from Downey. 

5.) The So Cal Dance and Choreography Festival is coming to Downey on Aug. 1. Here are details.