SAN FERNANDO VALLEY
PACOIMA
Office Relocation: Mole-Richardson Co., a nearly 90-year-old maker of lighting for the entertainment industry, is moving its headquarters from Hollywood to Pacoima. Mole-Richardson is building a 100,000-square-foot facility with manufacturing and office space as well as a museum. The new HQ, at 12154 Montague St., is expected to be completed this spring.
VAN NUYS
Microloan Assist: Valley Economic Development Center has secured a $2 million grant from Sam’s Club that the Van Nuys nonprofit hopes to leverage into a $20 million national microlending fund. The center will begin its program in California before expanding into neighboring states and beyond. The strategy will be to loan money to other microlenders, which typically deal with sums no more than several thousand dollars. Sam’s Club is a subsidiary of retail giant Wal-Mart Stores Inc. in Bentonville, Ark.
TRI-CITIES
BURBANK
Industrial Deal: Ascent Media Management Services Inc., a Santa Monica developer, has sold a Burbank industrial building for $22.2 million to Gramercy Property Trust Inc., a New York real estate investment trust. The 95,000-square-foot property, at 2130 N. Hollywood Way, is entirely occupied by Deluxe Entertainment Services Group Inc., whose lease runs through 2026.
CENTRAL AREA
HOLLYWOOD
Linked Up: Wolfcom, a police body-camera maker in Hollywood, has merged with Houston competitor HD Protech. The new company, to be called Wolfcom, will have 19 employees and be headquartered in Hollywood. The merger was necessary because Wolfcom was without video management software when a former vendor was recently acquired by a rival, Wolfcom said. Financial terms of the deal were not disclosed.
WESTSIDE
WESTWOOD
Purchase Funding: MarketShare, a marketing services company in Westwood, has raised $8 million to finance its purchase of San Francisco marketing firm DataSong. MarketShare said the money was raised from prior investors. Financial terms of the DataSong acquisition were not disclosed. Both companies use analytics to track the effectiveness of advertising.
SANTA MONICA
Mobile Moves: Science Inc., a Santa Monica mobile content studio, has sold off mobile ad network PlayHaven to San Francisco mobile game publisher RockYou. Financial terms of the deal were not disclosed. Science purchased PlayHaven eight months ago with the intention of also buying RockYou and combining the businesses. Science changed course when it learned RockYou was interested in acquiring PlayHaven.
PLAYA VISTA
Social Media: Fullscreen, a Playa Vista video creator and YouTube multichannel network, has acquired L.A.-based social media promotion company McBeard Media. Financial terms of the deal were not disclosed but all of McBeard’s 100-plus employees will join Fullscreen.
