Industrial Purchase: Northwood Properties has purchased an industrial complex in North Hills from a private trust for $1.58 million. The 15,600-square-foot property, at 16612-16640 Roscoe Place, has three buildings with 15 units total.
Sign of the Times: Gumiyo, a Woodland Hills mobile marketing firm, has teamed up with the Los Angeles Times to provide the paper's auto and real estate classified ads to cell phones. The new service will allow phone users to view listings' photos and videos.
Funding, Acquisition: Emotive Communications, an Encino developer of mobile entertainment applications, has closed its second round of venture capital financing for $6.25 million. The round was led by Mayfield Fund and follow-on investments by D.E. Shaw Ventures and Bertelsmann Digital Media Investments. Emotive also has acquired Sennari Entertainment, a Cupertino-based maker of mobile games.
Pricey Pharmacy: A retail building in Van Nuys has changed hands between two private investment companies for nearly $9.82 million. The 13,353-square-foot building, at 5224 Coldwater Canyon Ave., is a single-tenant pharmacy property that is occupied by a Walgreens.
Multifamily Deal: A private investor has sold a Van Nuys apartment complex Windsor Village to 3D Investments for $7.25 million. The 35,740-square-foot property, at 14151-14211 Sherman Way, features 70 units in two buildings.
One-Two Combination: Ascent Media Group, a Santa Monica-based creative and technical services firm catering to the media and entertainment industries, has announced that two of its boutique visual effects studios, Riot and Method, will combine and operate under the Method name. Beginning Jan. 1, the combined studios will operate out of Riot's facility in Santa Monica.
Facing Future: Image Metrics, a Santa Monica firm that designs facial animation software for the entertainment industry, has completed a $6.5 million round of Series B funding. The round was led by London-based Saffron Hill Ventures, Image Metrics' original investor.
Office, Film Debuts: Production company RedMaiden Entertainment Inc. has opened an office in Beverly Hills to coincide with the L.A.-area theatrical run of the company's "Waiting in Beijing," the directorial debut of Alan Zhang, RedMaiden's chief executive and founder. The office is at 120 S. El Camino Drive.
WEST LOS ANGELES
New Network in Store: Channel M, a West L.A.-based producer of customized in-store TV networks carrying original content and targeted advertising, has launched a network in Money Mart financial services stores. The Money Mart chain is owned and operated by Dollar Financial Group, Inc., based in Berwyn, Penn.
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