Supportive Housing: Step Up on Second Inc., a Santa Monica non-profit organization that provides services to people with chronic mental illness, has opened a residential apartment building in Santa Monica, Step Up on Fifth, at 1548 Fifth St. The apartment complex will provide housing to nearly 50 residents.
Added Dimension: RealD, a Beverly Hills provider of digital 3-D technology, has partnered with AMC Entertainment Inc., a theatrical exhibition and entertainment company based in Kansas City, Mo., to add up to 1,500 3-D screens to AMC's circuit in the United States and Canada. Financial terms of the deal were not disclosed.
Game for Cartoon: D3Publisher, a West L.A. developer of interactive entertainment software, has announced an agreement with Cartoon Network Enterprises for video games based on "Secret Saturdays," an animated series about a superhero family. The first game is scheduled to be released in late 2009.
Lights, Camera, Open: Camelot Films, a division of Aliso Viejo-based Camelot Entertainment Group Inc., has opened an office at 11400 Olympic Blvd., which will be used for production and distribution meetings as well as a drop-off location for scripts. The lease agreement allows for expansion of the office space if needed.
Industrial Pickup: An industrial building in Vernon was sold for $4.2 million. The 37,942-square-foot property, at 2850 E. 46th St., was built in 1950. The buyer and seller were not identified.
SAN GABRIEL VALLEY
Retail Property: FCI Lender Services has sold a retail building in Arcadia to a private investor for $2.95 million. The 8,952-square-foot building, at 660 W. Duarte Road, was built in 1961.
CITY OF INDUSTRY
Bank Site: The Industry Urban-Development Agency has bought a Bank of America building in the City of Industry for $6.2 million from a private trust. The two-story building, at 150 N. Hacienda, is 26,000 square feet and was built in 1975. Bank of America will still occupy the space.
Park Place: The Long Beach Redevelopment Agency has bought four acres for $5.1 million from a private seller. The structures on the parcel, at 4951 Oregon Ave., will be demolished in order to create a public park.
Manufacturing Building: A Gardena industrial building has sold for $3 million. The manufacturing facility, at 355 W. Alondra Blvd., is 51,341 square feet and is in the Gardena Central Industrial submarket. The buyer and seller were not identified.
SAN FERNANDO VALLEY
Expanding Services: Woodland Hills-based Venbrook Insurance Services has expanded its construction group to include safety and loss control programs, worker's compensation, employee benefits, and property and casualty insurance. The expanded unit will be led by Tim Johnston, senior vice president.
Double Play: Schaffel Development Co. has sold two Valley Village multifamily properties for a total of $15.2 million to the same private investor. A 24-unit building, at 12047 Califa St., was sold for $5.7 million, while a 40-unit complex, at 5712 Laurel Canyon Blvd., was sold for $9.5 million.
Office Sold: Cipolla & Calaba Law has bought an Agoura Hills office building for $2.76 million from Alesco Development Co. Cipolla & Calaba will occupy the entire 8,317-square-foot building, at 5018 Chesebro Road, part of the Alesco Agoura Corporate Center.
Lease Signed: ATV Inc., an automobile tire distribution company, has leased an industrial building in Cerritos for nearly $1.2 million. ATV plans to consolidate its business into the 71,712-square-foot building, at 16201 Commerce Way.
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