Sounds Good: Hollywood-based postproduction sound services company Todd-AO has extended the lease for its Todd-AO West facility. Terms of the lease for the Santa Monica facility, at 3000 Olympic Blvd., were not disclosed.
WEST LOS ANGELES
Continued Listing: Hythiam Inc., a West L.A.-based health management services firm, has received a letter from Nasdaq granting Hythiam’s request to remain listed on the board. Continued listing is subject to the company providing evidence of stockholders’ equity of at least $10 million by Feb. 24 or achieving a market value of at least $50 million by that date.
Online Acquisition: Zubican.com, a Moorpark-based Web site connecting business-to-business buyers and sellers, has been acquired by Inuvo Inc., a Clearwater, Fla.-based online marketing firm. Financial terms of the deal were not disclosed. Inuvo, however, will pay a royalty based on a percentage of the net income produced by Zubican over a four-year period.
Checking In: Owner-operator OTO Development LLC has opened Hampton Inn & Suites at the Thousand Oaks Marketplace. The opening of the hotel, at 510 N. Ventu Park Road, marks the completion of the first phase of the retail center by developer NewMark Merrill Cos.
Cutting Rugs: Construction has been completed on a new Lincoln Heights headquarters for rug importer-wholesaler G.A. Gertmenian & Sons. The new facility, at 300 W. Avenue 33, consolidates two off-site warehouses of the company in East Los Angeles and City of Commerce.
On the Menu: Hansong Buffet, serving Korean, Chinese, Japanese, American and Mexican cuisine, has opened in downtown Los Angeles. The menu at the restaurant, at 1925 W. Olympic Blvd., is supervised by executive chef Kun Kim.
SAN FERNANDO VALLEY
Taking Off: Castle & Cooke Aviation Services Inc., owned by Dole Food Co. Chairman-CEO David Murdock, is expanding its facility at Van Nuys Airport with a new aircraft hangar and office building. The Los Angeles City Council and Los Angeles World Airports agency has approved a 30-year lease for the aviation company to operate as a fixed-base operator at the airport. A fixed-base operation is allowed to sell fuel to transient aircraft and offer other services.
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