Property Landed: West Hollywood’s Atlantic Pearl Investments Inc. has acquired a Burbank office property for $19.8 million from a group of L.A.-area investors. The 90,000-square-foot Burbank Airport Center, at 2550 Hollywood Way, was bought by the group for $28.3 million in 2007 at the peak of the real estate market.
Hanging Shingle: Attorney Eric Eagle Hartmans has opened a boutique business law firm in Westwood. Ignite Business Law is located at 10940 Wilshire Blvd. Hartmans was previously an attorney at Wood Smith Henning & Berman.
Making Headway: Headspace, a Venice developer of an app that provides interactive guides to meditation techniques, has raised $34 million in an equity round led by L.A.’s Chernin Group. Also participating were a range of firms and celebrities such as Jessica Alba and Ryan Seacrest. Headspace, founded in 2010, had previously raised $5.45 million in debt and equity.
Heating Up: SolarReserve, a Santa Monica developer of large-scale solar projects, announced that it had received $2.4 million in funding from the federal Energy Department’s CSP Apollo program. The program funds research and development projects to improve the performance of concentrated solar-power plants. SolarReserve will use the money to fund its research alongside UC San Diego and San Diego’s Trex Enterprises.
SAN FERNANDO VALLEY
Expanded Space: San Francisco’s Atara Biotherapeutics Inc. has taken more space at its outpost in Westlake Village. The firm amended its lease at 4360 Park Terrace Drive with BPG Rock Westlake to add 7,600 square feet to the 4,843 square feet it already leased. Atara also exercised an option to expand into an additional 2,937 square feet of space, which the firm will take upon completion of tenant improvements. Financial value of the deal was not disclosed.
Digital Distribution: Vubiquity, a digital distribution firm in Sherman Oaks, has bought the digital content distribution business of Burbank media giant Warner Bros. Vubiquity, which distributes content by streaming, video-on-demand, pay-per-view, live TV and digital sell-through, will use the acquired digital end-to-end service to expand its content distribution and management capabilities. Financial terms of the deal were not disclosed.
Office Relocation: Unico American Corp., a Woodland Hills insurance holding company, is moving to Calabasas next month. Unico’s new address will be 26050 Mureau Road. The company underwrites property, health and casualty insurance through its insurance company and agency subsidiaries.
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