SAN FERNANDO VALLEY
Taking Off: Industrial Electronic Engineers Inc., a Van Nuys electronics manufacturer, has been chosen as a subcontractor to provide cockpit displays for the Air Force’s F-15E. Industrial Electronic Engineers will upgrade the plane’s cockpit display technology. The company was chosen as a subcontractor by prime contractor Hebco of Oklahoma City. Financial terms of the deal were not disclosed.
Multifamily Pickup: Investors Peter and Barbara Coeler have bought a Van Nuys apartment property for $5.5 million from a family trust. The 24,430-square-foot Oxnard Apartments, at 13019 Oxnard St., was built in 1977 and has 30 one- and two-bedroom apartments.
Facility Acquisition: DiNapoli Capital Partners has acquired the Topanga Park Assisted Living Facility for $23.4 million from Sign of the Dove. The 55,434-square-foot facility, at 7945 Topanga Canyon Blvd., has 90 units with 120 beds. Included in the sale was a valuation of the business at approximately $2.34 million.
SAN GABRIEL VALLEY
Hefty Lift: AeroVironment Inc., a Monrovia aerospace manufacturer, has received $47.1 million in drone orders from the Army. AeroVironment said the orders include its hand-launched RQ-11B Raven aircraft and larger RQ-20A Puma AE models. The orders will bolster the Army’s fleet of Raven and Puma drones.
CITY OF INDUSTRY
Retail Property: James Campbell Co. has sold a City of Industry retail property for $36.5 million to Pelican Asset Management Group. The Puente Hills East Shopping Center, at 17603-17799 Colima Road, was redeveloped in 2012. It is anchored by a Target and is 100 percent leased.
Pushing Buttons: Ring, a Santa Monica manufacturer of a doorbell with video camera, speakers and microphone that can be accessed from a mobile app, has raised $28 million from investors led by American Family Insurance of Madison, Wis. Ring Chief Executive James Siminoff said the capital will go to improving video analytics.
In Fashion: Who What Wear, a fashion website in Beverly Grove, has raised $8 million from investors including Amazon.com Inc. and Santa Monica’s Greycroft Partners, among others. The site reports on what celebrities are wearing and directs readers to online shops where the items are sold.
Pressing Forward: Soothe, the maker of a West Hollywood app used to order in-home massages, has raised $10.6 million from Santa Monica’s Riverside Co. Massage prices start at $99 an hour and Soothe says it works with more than 1,500 independent massage professionals. Available in 10 cities, including Los Angeles, the firm plans to use the capital to expand to 16 more cities.
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