Unidym Inc., a subsidiary of Pasadena-based Arrowhead Research Corp., has formed a nanotechnology development partnership with the Institute of Materials Research and Engineering in Singapore. They will collaborate on development of organic light-emitting diodes, which are inserted in glass or flexible screens and are mostly used for display and lighting. Unidym is developing nanotubes for the electronics industry, and IMRE is a technology transfer organization.
Mexican Foods: Reynaldo's Mexican Food Co. has merged with Don Gilberto Foods under Hispanic Foods Holdings LLC in a $12.4 million deal financed by the Huff Alternative Fund. Investment banking firm D.F. Hadley & Co. advised HFH on the buyout.
Transportation Contract: The Central Puget Sound Regional Transit Authority signed a $38.9 million contract with an Earth Tech joint venture for the design of a 3-mile light rail extension between the University of Washington and downtown Seattle. Earth Tech, a Long Beach division of Tyco International Ltd., will provide project control systems and manage the design of two rail stations. Construction is slated for Fall 2008 and service is scheduled to begin in 2016.
Residential Development: Storm Western Development Inc., the residential division of Storm Industries Inc. of Torrance, announced the opening of a 16-home development at Wildwood and Sixth streets in Yucaipa. The 2,000- to 3,000-square-foot homes are priced from $450,000 to $550,000.
Motor Boats: Aura Systems Inc. in El Segundo announced that Kvichak Marine Industries has delivered a new configuration of its AuraGen power system on a 93-foot hovercraft that will be used in King Cove, Alaska, for emergency marine services. The hovercraft, named Suna-X, is powered by a 24,000-watt system featuring three AuraGens.
Package Deal: Cherokee Inc., a Van Nuys marketing and licensing company, announced that Hearst Magazines has licensed its Country Living brand to Home Goods Stores. Hearst publishes Country Living magazine, and the brand will be used in Home Goods Stores in d & #233;cor and lifestyles department.
Property Transaction: Johnston Group announced the sale of the Malibu Canyon Corporate Center in Calabasas to Lincoln Property Co. for approximately $90 million. The sale included a vacant lot adjacent to the complex where Lincoln Property plans to construct an additional 50,000-square-foot office building.
Shut Down: Tuttle Click Ford, a Chatsworth offshoot of an expansive Orange County automotive group, has closed just 14 months after opening. The dealership at 9210 Topanga Canyon Blvd. ceased business last month because of poor sales, said Chris Cotter, president of Irvine-based Tuttle Click Automotive Group, which owns 17 dealerships in the Southwest.
Orange Expansion: Taycor Financial, an equipment leasing company based in Culver City, will open an office in Orange County. The company has also opened a location in Boston.
Restaurant Expansion: Pollo Campero, a Guatemalan chicken restaurant, announced the opening of two new restaurants at 1900 S. San Pedro St. and 5555 W. Sunset Blvd. The chain has opened 14 restaurants in Los Angeles since its first in 2002 and five additional locations are scheduled to open in the first quarter of 2007.
BID Creation: The L.A. City Council has approved the creation of an East Hollywood Business Improvement District. The district, which will be made up of 85 property owners, had won the support of property owners representing at least 51 percent of the square footage before the council vote. The organization's formation must still be approved by Mayor Antonio Villaraigosa.
Amanda Becker, Steve Silkin
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