Looking Up: Children’s Hospital Los Angeles has received $2.5 million from the Margie and Robert E. Petersen Foundation in Los Angeles to support the Los Feliz hospital’s Vision Center. The unrestricted gift will go toward supporting teaching and treatment programs at Children’s Hospital as well as the facility’s infrastructure. The late Margie and Robert E. Petersen were longtime supporters of the hospital.
SAN GABRIEL VALLEY
CITY OF INDUSTRY
Wired In: Morrow-Meadows Corp., a City of Industry-based electrical and data communications contractor, has acquired the electrical engineering team of R.E. Wall and Associates Inc. of Tustin. The team will relocate to Morrow-Meadows’ Industry offices. Financial terms of the deal were not disclosed.
Patents Upheld: The U.S. Patent Office’s Patent Trial and Appeal Board has thrown out the remaining two challenges to patents of RealD Inc., a Beverly Hills developer of 3-D technology for film theaters, the company has announced. The board denied the final two requests for review from MasterImage3D, a Sherman Oaks 3-D technology firm, regarding RealD’s patents of its XL light doubling technology.
Marketing Move: Dustland, a Culver City digital marketing agency, has been acquired by Boston marketing technology firm Verndale. The pickup boosts Verndale’s outposts to six in the United States and increases its head count to more than 200. Financial terms of the deal were not disclosed.
Office Acquisition: New York investor True North Management Group has acquired a three-building office complex in Santa Clarita for nearly $41.3 million from L.A. investment trust Angelo Gordon & Co. and Santa Monica-based Pacific Office Properties Trust Inc. The 194,400-square-foot campus, situated on 14 acres in the 28400 block of Avenue Stanford, is 82 percent leased to tenants including engineering firm Psomas, Insurance Co. of the West and eBay Inc. subsidiary WHI Solutions.
SAN FERNANDO VALLEY
Shot in Arm: Calabasas biotech ImmunoCellular Therapeutics Ltd. has won a $19.9 million grant from the California Institute for Regenerative Medicine, an agency that distributes money for stem cell research. ImmunoCellular will use the money for a clinical trial for ICT-107, a cell-based immunotherapy that targets multiple tumor-associated antigens on stem cells. The trial is scheduled to take place later this year with about 400 patients in the United States, Europe and Canada.
Plaza Pickup: A private investor has acquired a Cerritos office property for $19.7 million from Century City’s Cohen Asset Management Inc. The three-story, 68,779-square-foot Carmenita Corporate Plaza, at 13340 183rd St., is fully leased to Infinity Property & Casualty Corp. The buyer approached Cohen before the building was put on the market.
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