Los Angeles-based WPT Enterprises Inc. received the Best Sports Brand License of the Year for 2005 at the LIMA International Licensing Excellence Awards in New York for its World Poker Tour brand, the company said. New York-based handles the North American licensing for the brand. Two World Poker Tour partners; Hands-On Mobile and MDI/Scientific Games were also both nominated for Best Sports Brand Licensee for their WPT Mobile Games and Scratch Off Lottery Tickets, respectively. The WPT debuted in March 2003 and began a licensing program which initially focused on apparel and poker-related products. Broadcasts of the WPT shows has expanded to 150 countries around the world. WPT shares were down almost 7 percent and closed at $10.51.
CB Richard Ellis Buys U.K. Companies
CB Richard Ellis Group Inc, the biggest U.S. commercial real estate brokerage, said it acquired Holley Blake, a U.K.-based industrial real estate services specialist, for about $22 million in cash. CB Richard Ellis said the deal for the 16-person Holley Blake firm gives it a strong position in the industrial and logistics sectors in the United Kingdom, especially in the Thames Valley -- the UK's equivalent of Silicon Valley and is part of its expansion of full-service capabilities across Europe. Shares of CB Richard Ellis finished down 11 percent and closed at $24.95.
J2 Communications Sued
Miami-based Venali, Inc. said it filed a lawsuit against J2 Global Communications Inc. and Catch Curve Inc. accusing the two companies violating Federal antitrust, trademark competitiveness, and patent laws. The suit alleges that J2, the manufacturer of the eFax Internet faxing service, and Catch Curve engaged in illegal activity, including antitrust actions, to unfairly compete in the Internet fax market. The suit also mentioned that J2 committed fraud on the United States Patent Office, utilized fraudulent and invalid patents to file patent infringement litigation in an attempt to harass competitors, and willfully infringed trademark rights of competitors.
Caynon-Johnson Ventures Into Boston
Canyon-Johnson Urban Fund has made its first investment in the Boston area. The Los Angeles-based investment firm, which is a partnership between Magic Johnson and Canyon Capital Reality, said it is teaming up with Boston based-Cathartes Private Investments on a transit-oriented, workforce condominium project adjacent to the Sullivan Square transit station in Charlestown. Financial terms were not released. The complex will be on an existing 1.9-acre industrial site and will consist of 146 units. Canyon-Johnson said it is the largest investment firm focusing on urban areas. Cathartes is credited with developing more than 40 projects in its 14 year history.
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