Tech Funding: TrueX Media, an interactive ad developer in Brentwood, has raised $6 million in additional funding from previous investors Pinnacle Ventures, Norwest Venture Partners, Jafco Ventures and Redpoint Ventures. The company received a $20 million Series D round from the same backers in 2011 when it was known as SocialVibe. The $6 million financing is an add-on to that round. The company has raised nearly $50 million since its founding in 2007.
Veteran Endowment: Call of Duty Endowment, a Santa Monica non-profit foundation launched by video-game publisher and distributor Activision Blizzard Inc., has awarded $500,000 to U.S. Vets Inc., a downtown L.A. non-profit that works to help at-risk and homeless veterans across the United States. The $500,000 award is part of $4 million in veteran employment grants that the Santa Monica video-game company’s endowment has planned for this year.
WEST LOS ANGELES
Apartment Acquisition: A private investor has acquired a West L.A. multifamily property for $9.95 million from West L.A.’s Woodcliff Corp. The building, at 11406-11414 Exposition Blvd., was built in 2009 and features 22 units, including one, two and three bedrooms as well as townhomes.
SAN FERNANDO VALLEY
Fuller Plate: Grill Concepts Inc., a Woodland Hills restaurant operator, plans to open its fourth Public School gastropub by the end of the year in Sherman Oaks. The company, which also operates Grill on the Alley fine-dining restaurants and the Daily Grill casual-dining chain, plans its new 6,000-square-foot Public School to take the place of a closed Italian restaurant at 15300 Ventura Blvd.
Nasdaq Trading: Ixia, a Calabasas maker of computer networking software, has said that a Nasdaq panel had granted the company’s request to allow its shares to trade pending a final determination regarding its listing status. Ixia will have a hearing June 12 before the Nasdaq Listings Qualification Panel to present an updated plan to regain compliance and to request an extension of time for the filing of its delayed financial statement reports.
Multifamily Pickup: DSD Management has acquired a Panorama City apartment building for $8.05 million from private investors. The 38,920-square-foot, three-story property, at 7901 Ventura Canyon Ave., features 30 three-bedroom units and 60 covered parking spaces.
Bakersfield Property: Global Investment & Development, a real estate investor and developer in Koreatown, has acquired 153 acres in Bakersfield through a joint venture with New York real estate investment firm GTIS Partners. The seller was Lehman Bros. Holdings Inc. The site is fully approved for the development of 564 single-family residential lots along with a 5.6 acre park feature. Financial terms of the deal were not disclosed.
Hospital Gift: Children’s Hospital Los Angeles in Los Feliz has received a $1.5 million gift from Walgreen Co., a Deerfield., Ill.-based pharmacy chain. The money will go to support clinical care and research programs. The company will be honored with special signage at the hospital.
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