Allergy Center: Holly and Tom Gores, chairman-chief executive of Beverly Hills’ Platinum Equity, have made a $5 million commitment to establishing a pediatric allergy treatment center at Children’s Hospital Los Angeles in Los Feliz. The new facility, which will be the first of its kind in Los Angeles, will be called the Gores Family Allergy Center. Tom Gores, with $3.2 billion, was No. 24 on the Business Journal’s List of Wealthiest Angelenos last year.



Industrial Pickup: Shubin & Nadal Realty Investors of Newport Beach and Penwood Real Estate Investment Management of West Hartford, Conn., have acquired the 14-building Burbank Industrial Park for $56 million. The 300,650-square-foot property has a campus setting with free-standing buildings, each with a private yard. The park was sold by a family group, the original developer of the property.



Series A: Gem, a Venice tech startup that aims to make the use of bitcoin and its underlying infrastructure, blockchain, easier to use, has raised $7 million in a Series A round led by Pelion Venture Partners of Salt Lake City. Gem offers a plug-in that assists developers in including the use of bitcoins in their apps.


Media Stake: Chernin Group of Santa Monica has taken a 51 percent stake in raunchy men’s website Barstool Sports, based in Milton, Mass. Chernin announced that it plans to beef up the site’s staffing and content. The value of the deal was not disclosed.

Scaling Up: Sweetfin Poke, a Santa Monica restaurant with a focus on Hawaiian-style fish dishes, has announced the conclusion of a funding round that will further its expansion plans, including opening five locations this year. The company did not disclose the size of the raise, but did say one of the investors was David Swinghamer, former chief executive of the Shake Shack burger chain.


Shot in Arm: Bruin Biometrics, a Westwood developer of sensor-based diagnostic products, has reported that it has raised $9 million. Bruin, which did not identify the investors, said the new money will go toward the development of a hand-held device for detecting early stage ulcers.



Sale and Lease Back: Clothing manufacturer Mia’s Fashion has sold its Santa Fe Springs industrial building at 12623 Cisneros Lane for $18 million to a private real estate trust. Mia’s will lease the 125,000-square-foot property.

For reprint and licensing requests for this article, CLICK HERE.