SAN FERNANDO VALLEY
Medical Pickup: IPC the Hospitalist Co., a North Hollywood-based manager of physician groups, has acquired GLT Medical Services Ltd., a treatment practice in Toledo, Ohio. GLT will expand its services to include patients from nursing homes and assisted living facilities. Financial terms of the deal were not disclosed.
Office Property: Kennedy Wilson Holdings Inc., a Beverly Hills real estate firm, has acquired a North Hollywood office tower for $48 million from Jamison Services Inc., a real estate services company in Koreatown. The 175,012-square-foot Academy Tower, at 5200 Lankershim Blvd., is 97 percent leased.
Benefits Merger: Nielsen Benefits Group, a Westlake Village firm that manages retirement benefits, has merged with Digital Insurance, an Atlanta company that uses the Internet and software to manage employee health benefits for small businesses. With the merger, Nielsen will change its name to Digital Benefit Advisors, a division of Digital Insurance. Craig Nielsen, chief executive of Nielsen, and other employees will remain with the business. Financial terms of the deal were not disclosed.
New Handle: Avery Dennison Corp., a Pasadena-based label maker and office products business, has renamed its Chicago medical products group. The unit, previously called Avery Dennison Medical Solutions, is now Vancive Medical Technologies.
Military Salute: Jacobs Engineering Group Inc., a Pasadena engineering services company, has announced that two of its recent acquisitions, both renamed Jacobs, have been honored with Chief of Engineers Awards of Excellence from the U.S. Army Corp of Engineers. The former Damon S. Williams Associates in Phoenix won in the environmental category for the Tres Rios Environmental Restoration Project in Salt River, Ariz. The former KlingStubbins in Philadelphia won in the design category for the National Geospatial-Intelligence Agency Campus East project in Springfield, Va.
Creative Space: Tessler Rubin & Co., a West L.A. real estate firm, has sold a Santa Monica creative office property for $12 million to Archway Properties, a Houston real estate firm. The office building, at 820 Broadway, measures about 19,047 square feet and was 100 percent leased at the time of sale.
Peddling Fitness: Up Dog Fitness, a West Hollywood yoga and cycling studio, has been acquired by Flywheel Sports, a New York-based operator of cycling exercise studios. The local studio, at 8599 Santa Monica Blvd., will be rebranded as Up Dog Yoga at Flywheel. Financial terms of the deal were not disclosed.
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