Series C: SteelHouse, a Santa Monica ad software firm, has announced a $49 million Series C round led by Mercato Partners, a Salt Lake City provider of growth capital. The firm said the money will be used for product development, hiring and marketing.
Series D: Online media network Tastemade Inc. of Santa Monica has raised a $40 million Series D round in a round led by New York’s Goldman Sachs. The firm said the cash influx will be used to expand production capacity, launch shows in international markets and improve its video distribution technology.
Industry Group: Arrowhead Research Corp., a Pasadena biopharmaceutical firm, has been added to the Nasdaq Biotechnology Index. The index included biotech and biopharm firms.
SAN FERNANDO VALLEY
Game On: Azubu, a Sherman Oaks-based live-streaming video-game platform, has raised $60 million in bonds from London’s Sapinda Group with participation from Sallfort Privatbank of Switzerland. The firm, which exclusively live streams video-game tournaments, brings in revenue through ads and subscriptions. Azubu said the cash fusion will go toward hiring staff, improving its platform and expanding its reach.
Curtain Raiser: Motion Picture Television Fund, a Woodland Hills organization that provides assistance and health care to members of the entertainment industry, has received $15 million from actor Kirk Douglas. The donation will go toward its planned $35 million care center. The two-story facility will be called the Kirk Douglas Care Pavilion and its focus will include Alzheimer’s patients.
DOWNTOWN LOS ANGELES
Office Acquisition: Est4te Four Capital, a London-based real estate development services company, has acquired a downtown L.A. office building for $21.6 million from downtown’s 2nd Far East Ltd. The two-story, 44,547-square-foot property, at 929 E. Second St., was built in 1926 and is occupied by various creative office users.
Retail Pickup: Atlas Capital Group in Minneapolis has acquired a downtown L.A. retail building for $14.7 million from a group of private investors. The property, at 410-418 W. Seventh St., was built in 1917 in the Jewelry District. The property features kiosks with multiple jewelry vendors on the ground floor. The sale price is a record for a Class-C retail building in the Jewelry District, according to CoStar Group Inc.
SAN GABRIEL VALLEY
Apartments Purchased: A family trust has acquired an Azusa multifamily property for $15.7 million from Fowler Property Acquisitions of Newport Beach. The 78,656-square-foot, 96-unit Tribeca Apartment Homes, at 200-220 S. Azusa Ave., was built in 1960 and comprises one- and two-bedroom units across 22 buildings.
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