Talent Agency: Jeffrey Berg, who served as chairman and chief executive of Hollywood talent agency ICM for 27 years, has formed Century City talent and literary agency Resolution. Berg will be chairman of the new agency; veteran show business executive Jeff Franklin will be chief operating officer. Resolution’s address is 1801 Century Park East.
Fuller Plate: Veggie Grill, a Santa Monica-based fast-casual vegetarian restaurant chain, has completed its fourth round of fundraising, bringing in $20 million. The company said a substantial part of the raise came from Brentwood Associates, a Westwood private-equity firm. (See page 12.) Veggie Grill plans to use the money to support its expansion strategy.
Nice Digs: DocMagic Inc., a Torrance provider of loan document services to the mortgage industry, has won an architectural honor for its Torrance HQ. The space earned an AIA Institute Honor Award for Interior Architecture from the American Institute of Architects, a Washington, D.C.-based industry group. DocMagic’s office was designed by Rania Alomar Design & Architecture of West Hollywood.
Fixed Up: EagleRider Motorcycle Rental, a Hawthorne motorcycle rental and tour business, has opened its first service center for Harley-Davidson bikes. The service center is at 11860 S. La Cienega Blvd. in Hawthorne. EagleRider plans additional centers in San Francisco, and Fort Lauderdale and Orlando, Fla., before expanding the concept to other markets.
SAN FERNANDO VALLEY
Budding Business: GrowLife Inc., a Woodland Hills maker of indoor growing products with a focus on marijuana, has formed a division called GrowLife Consulting. the new division will provide
technical support services to licensed growers in states that have legalized recreational and/or medical marijuana, such as Colorado.
Plant Contract: Jacobs Engineering Group Inc., a Pasadena engineering services firm, has received a contract from Rio Tinto Minerals, a mining company with headquarters offices in London and Sydney to work on Rio Tinto’s plant expansion project in Boron. Jacobs will provide engineering, procurement and construction management services for the project, which Rio Tinto has valued at $150 million. Financial terms of the Jacobs deal were not disclosed.
Healthy Target: Arrowhead Research Corp., a Pasadena biotech firm, has priced a public offering of about 1.65 million shares at a price of $2.12 per unit. The company has received commitments of about $3.5 million in gross proceeds. Arrowhead will use the money for general corporate purposes.
DOWNTOWN LOS ANGELES
Double Play: XL Fabrics, a downtown L.A. fabrics vendor, has acquired two neighboring Central City industrial buildings for $3 million from Evoq Properties Inc. The building at 1510 Griffith Ave is 13,700 square feet; the one at 1535 Paloma St. is 6,960 square feet The buyer plans to occupy 1510 Griffith and will market 1535 Paloma for leasing.
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