SAN FERNANDO VALLEY
Shooting Up: Reload Studios, a Tarzana video-game developer, has raised $2 million in a seed round funded by Palo Alto’s World Innovation Lab. Reload is developing “World War Toons,” a virtual-reality multiplayer first-person shooter.
Apartments Sold: Pacific Urban Residential, a Palo Alto property developer and operator, has acquired a Woodland Hills multifamily building for $38 million from Westwood real estate investment trust CityView. The 130,000-square-foot Venue, at 21530 Califa St., has 147 units and was bought by CityView in 2010.
Industrial Pickups: Prologis, a San Francisco real estate investment trust, has acquired two Chatsworth industrial buildings for $29.8 million from Boston’s TA Realty. The Class C properties, at 9453 Owensmouth Ave. and 21411 Prairie St., are 30 years old and total 225,720 square feet. They are both fully leased by vitamin and supplement maker Natrol Inc.
Port Project: Pasadena’s Jacobs Engineering Group Inc. has won a contract with the Port of Long Beach to work on Phase 2 of the $1.3 billion Middle Harbor project. Under the contract, which has a value of up to $23.5 million, Jacobs will provide a range of services including environmental oversight and compliance monitoring.
New Stage: Antaeus Theater Co., a classical theater group in North Hollywood, has announced plans to turn a long-vacant downtown Glendale storefront into a new cultural arts center. Antaeus plans to transform 7,700 square feet at 110 E. Broadway into an 80-seat main theater and a 40-seat black box stage. The company will launch a capital campaign to raise $1 million to help pay for the renovation and prepare the venue for a fall 2016 launch.
Folded In: YogaWorks, a Santa Monica-based yoga studio and instruction business, has acquired San Francisco’s Yoga Tree. The acquisition of Yoga Tree brings YogaWorks’ number of locations to 38, including a studio opened this month in Brentwood at 11620 Wilshire Blvd. Financial terms of the deal were not disclosed.
Spreading Message: Off Madison Ave, a Phoenix marketing communications agency, has opened an office in Santa Monica, its first in California and third overall. The new outpost, at 604 Arizona Ave., will be overseen by Patrick Murphy, media director.
Dropping In: Parachute, a Venice online retailer focused on selling bedding, has raised $3.75 million in Series A funding. The round was led by Santa Monica’s Upfront Ventures and included Century City’s Queensbridge Venture Partners, among others.
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