SAN FERNANDO VALLEY
Stepping In: K-Swiss Inc., a Westlake Village apparel and footwear company, has acquired One-Distribution, a Fountain Valley skate-inspired apparel and footwear maker, from a group of shareholders including San Mateo private equity firm Bertram Capital. K-Swiss is owned by South Korean conglomerate E Land Group. Financial terms of the deal were not disclosed.
Apartment Purchase: Benedict Canyon Equities of Brentwood has sold a 100-unit Reseda apartment building for $15.5 million to downtown L.A.’s Lion Real Estate Group. The 74,500-square-foot Sienna Apartments, at 6425 Reseda Blvd., has studio, and one- and two-bedroom units.
New Name: Shareholders at Sherman Oaks investment company Signature Group Holdings Inc. have approved a name change to Real Industry Inc. The company, which already trades on the Nasdaq under the ticker “RELY,” said the name better reflects its strategy of growth through acquisitions in the transportation, food, water and energy sectors.
Multifamily Deal: Tarzana real estate investment firm J&B Asset Management has purchased a 223-unit apartment complex in Sylmar for $45.8 million from Boston’s Overland Capital Group Inc. and San Diego’s Fairfield Residential. The 219,000-square-foot Rockwood at the Cascades, at 16613 Foothill Blvd., was built in 2007 and sits on 12.7 acres.
Funding Round: Enervee, a Santa Monica operator of an online marketplace for energy-efficient products, has raised $3.7 million in funding in a round led by San Francisco’s Obvious Ventures with undisclosed angel investors participating. Products sold on the site are given an Enervee Score that rates their energy efficiency.
Shot in Arm: PatientPop, a Santa Monica firm specializing in online marketing for health care clients, has raised $2.1 million in funding in a round led by AthenaHealth, a Watertown, Mass., provider of online services for the health care sector. PatientPop works to help doctors, dentists and other small health care providers improve their search engine optimization, email marketing and other online promotional activities
On the Job: College of the Canyons in Santa Clarita has received a $5.5 million grant to create four career pathway programs for high school students. The grant, awarded through the California Career Pathways state program, will enable students in the William S. Hart Union High School District to pursue an education in advanced manufacturing, computer networking, construction technology and legal studies.
Direct Offering: Nova LifeStyle Inc., a Commerce furniture maker, has closed its $4 million direct offering to institutional investors. The company plans to use the money for general corporate purposes.
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