Digital Buy: Real D, a Beverly Hills-based provider of digital 3-D technology, acquired ColorLink, a supplier of photonics-based solutions headquartered in Boulder, Co. The acquisition includes ColorLink's campus in Boulder and its manufacturing facilities in Tokyo and Shanghai. Through the deal, Real D will also obtain a broad range of published patents covering optical, liquid crystal and light-based technologies, and ColorLink's line of 3-D imaging components for entertainment, gaming, industrial, and scientific applications. Leo Bannon, chief executive of ColorLink, will become chief operating officer of Real D. Financial terms were not disclosed.
Beach Property: Westside Estate Agency, a high-end real estate brokerage is opening a Malibu office location in April that will specialize in ultra-exclusive beach and bluff properties. The office, located in the Carbon Beach area, will be the company's second location and will house 15 agents. Westside opened its first office in Beverly Hills in 1999 and last year brokered sales exceeding $1 billion. The company is owned by Stephen Shapiro and Kurt Rappaport.
Mergers & Acquisitions: Houlihan Lokey Howard & Zukin, an international investment firm, served as an advisor in several recent mergers and acquisitions including the sale of Encore Group to L.A.-based Reliance Steel and Aluminum Co. Houlihan Lokey also represented Quality Mechanical, a privately held mechanical contractor in Las Vegas, in its sale to SPB Partners and Peterson Partners and Management. Earlier this month, Houlihan Lokey advised Mozzarella Fresca Inc. in its sale to the Lactalis American Group Inc., the U.S. subsidiary of Group Lactalis of Laval, France. Mozzarella Fresca is a producer of fresh mozzarella, marinated fresh mozzarella, ricotta and mascarpone. Its production facility is in Tipton.
For the Homeless: A five-story, 46-room facility called Step Up on Fifth broke ground this month at 1548 Fifth St. in Santa Monica. The 23,000-square foot project will be completed in 2009 and will provide permanent living arrangements for homeless people with chronic mental illness. The project will be funded by donations from the Annenberg Foundation, the George W. Hoaf Family Foundation, the Weingart Foundation and the Ahmanson Foundation.
Apartment Sale: Southern California-based Venture West Funding Inc. arranged an $8.1 million loan on a 60-unit apartment building in Culver City. The 1957 garden apartment building was purchased by Hyde Park Ltd., an affiliate of Weintraub Financial Services Inc. The Lenawee Avenue complex has one, two and three-bedroom units
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