SAN FERNANDO VALLEY
Up to Test: National Technical Systems Inc., a Calabasas company that provides testing and engineering services for the aerospace, defense and transportation industries, has acquired Trace Laboratories, a Baltimore company that provides product and technology testing services. National Technical is owned by Aurora Capital Group, a Westwood private equity investment firm. Financial terms of the deal were not disclosed.
Senior Service: Encino Hospital Medical Center, owned by Ontario’s Prime Healthcare Services, has opened the first geriatric emergency room, or “senior ER,” in Southern California. The facility features nonskid floors, handrails and thicker-than-normal mattresses to accommodate elder needs. The nursing staff and doctors will have special training in geriatric medicine. The program was developed in conjunction with Emergent Medical Associates, a Manhattan Beach company that runs the hospital’s ER.
Media Move: Inception Media Group, a Sherman Oaks film-focused distributor, has signed a letter of intent to sell a controlling interest to Cameron Thompson Group Ltd., a TV entertainment company in Toronto. Cameron Thompson’s controlling interest will extend to foreign sales subsidiary Inception Film Partners.
Seed Round: 17hats, a Pasadena developer of business automation software aimed at one-person businesses, has raised $1.25 million in a seed round. The funding round was led by Santa Monica’s Wavemaker Partners.
New Handle: Vantage Media, an El Segundo ad tech firm, has rebranded as Katch, part of its focus on engaging in-market shoppers through its real-time bidding platform. The firm sold off its education services business in December as part of its full investment in its ad business.
DOWNTOWN LOS ANGELES
Dressed Up: Nasty Gal, a downtown L.A. women’s clothing retailer, has closed a $16 million Series C funding round to help fuel growth and expansion. The round was led by Ron Johnson, chief executive of e-commerce startup Enjoy and a former J.C. Penney and Apple executive. Johnson has joined Nasty Gal’s board. San Francisco’s Index Ventures also participated.
Retail Pickup: A local investor has acquired a retail property in downtown L.A.’s Fashion District for $3.1 million from a private owner. The site, at 1515-21 Santee St., holds two buildings comprising 12,864 square feet and is home to nine retail storefronts.
Residential Purchase: Cheviot Hill’s Calport Resources has sold a downtown L.A. multifamily building and an adjacent lot for $5.22 million to downtown’s Jade Enterprises. The 18,633-square-foot building, at 2913 S. Flower St., was built in 1913 and consists of 23 studios and 10 one-bedroom apartments. An adjacent 3,492-square-foot retail building sold for the land value of the quarter-acre lot it sits on. Jade recently acquired another property on the block, on the corner of 30th and Figueroa streets near USC.
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