DOWNTOWN LOS ANGELES
New HQ: Soylent, producer of an engineered product, is moving its downtown L.A. headquarters, signing a lease for 16,400 square feet of space at Broadway Media Center. The company will be taking the fifth and sixth floors at the building, at 207 S. Broadway, which was recently converted to creative space by landlord Broadway Civic Center.
WEST LOS ANGELES
Series B: Realty Mogul, a West L.A. real estate crowdfunding website, has announced a $35 million Series B round led by Salt Lake City’s Sorenson Capital. Realty Mogul raised $10.1 million in its seed and Series A rounds.
Bigger Picture: Collective Digital Studio, a West L.A. YouTube multichannel network, has merged with Studio71, a multichannel network subsidiary of Germany’s ProSiebenSat.1 Group. The resulting company, Collective Studio71, will be 75 percent owned by ProSieben and 25 percent owned by CDS’ co-founders. ProSieben plans to invest $83 million into the venture.
Market Move: B. Riley Financial Inc., a West L.A. provider of a range of financial services through its subsidiaries, has begun trading on the Nasdaq exchange under the ticker symbol “RILY.” B. Riley Financial previously traded over the counter under the same symbol.
Nailed It: Brentwood’s Corbel Structured Equity Partners has announced an investment alongside Newport Beach’s Five Crowns Capital in Culver City nail products company Cosmetic Design Group. Irvine’s Opus Bank provided financing. Financial terms of the deal were not disclosed.
Apartment Sale: The 33-unit Chanteclair apartments in Santa Monica was sold by United Pacific to Equity Real Estate Group of Beverly Hills for $19 million, or about $576,000 per unit. The building, at 537 San Vicente Blvd., was built in 1957 and was 80 percent occupied at the time of the sale.
Sweet Pickup: El Segundo’s Century Park Capital Partners has announced the acquisition of Vernon confectionary company Mikawaya, a more than 100-year-old company that invented mochi ice cream. Financial terms of the deal were not disclosed.
Retail Deal: Sussex Capital Group of Woodland Hills has purchased a Palmdale shopping center for nearly $8.4 million from Fallbrook’s KC Holding Corp. The 43,400-square-foot Mission Plaza, at 805 W. Palmdale Blvd. The center was fully leased at the time of sale.
SAN FERNANDO VALLEY
Office Acquisition: A Change in Trajectory, a provider of autism therapy, has acquired a Van Nuys office building for $2 million from 7226 Sepulveda Inc. The 9,600-square-foot, two-story, at 7226 Sepulveda Blvd., had been fully leased to Pacific First Bancorp Mortgage Corp. and real estate firm ERA First Valley before the June sale, but was delivered vacant.
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