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Saturday, Jul 2, 2022

REGIONAL REPORT

MID-CITIES

DOWNEY

Apartment Pickup: That’s Huge LLC has acquired a Downey multifamily property for $9.1 million from Revere Investments as part of a tax-deferred exchange. The Kensington Apartments, at 9150-9160 Florence Ave., comprises 56 units.

SAN FERNANDO VALLEY

SYLMAR

Looking Shipshape: Black Construction, a subsidiary of Sylmar-based construction contractor Tutor Perini Corp., has been awarded a $19.2 million design-build contract by the U.S. Navy in a joint venture with United Arab Emirates-based Mace International Ltd. The contract covers a wharf upgrade and warehouse construction at the U.S. Navy Support Facility Diego Garcia in the British Indian Ocean Territory.

CENTRAL AREA

KOREATOWN

Foreign Infusion: Hanmi Financial Corp., the Koreatown holding company of Hanmi Bank, has received an initial investment of $6.9 million from Seoul, South Korea, firm Leading Investment & Securities Co. Hanmi is expected to receive an additional $4.1 million from Leading after regulatory approval.

VENTURA COUNTY

THOUSAND OAKS

Fiber Connection: Teledyne Instruments Inc., a subsidiary of Thousand Oaks-based electronics components maker Teledyne Technologies Inc., has acquired the remaining shares of Ocean Design Inc., a Daytona Beach, Fla., maker of fiber-optic systems. Teledyne Instruments bought a majority stake in Ocean Design for $35 million in June 2008. The purchase of the remainder of the company cost $19.6 million.

TRI-CITIES

PASADENA

Multifamily Acquisition: DLZ Investment Inc. has purchased a Pasadena apartment building for $1.89 million from Nancy B. Johnson and the Karyn Trust. The building, at 140 N. Wilson Ave., comprises 14 one-bedroom units.

BURBANK

In the Swing: Burbank marketing firm UPP Entertainment Marketing has signed clothing company LoudMouth Golf as a client. Sonoma-based LoudMouth specializes in ’70s-style golf apparel.

Taking Wing: Buffalo Wild Wings, a Minneapolis-based sports bar chain, will open a Burbank outpost Sept. 21 at 127 E. Palm Ave.

GLENDALE

Video Game Growth: Disney Interactive Studios in Glendale has acquired Chicago video game firm Wideload Games Inc. for an undisclosed sum. Wideload Chief Executive Alexander Seropian, a creator of the “Halo” first-person shooter series for Xbox 360, will join Disney Interactive as vice

president.

WESTSIDE

WESTWOOD

Law Lease: Law firm Reuben Raucher & Blum has signed a seven-year, $3.6 million lease for Westwood office space with Equity Office Management. The firm has leased 13,000 square feet on the 18th floor of the building at 10940 Wilshire Blvd.

SOUTH BAY

LONG BEACH

Office Property: Investment entity 2H Property 4101 LLC has sold a Long Beach office building for $3.08 million to Sarbpaul and Paramjit Bhalla. The 9,384-square-foot property, at 3610 Long Beach Blvd., was built in 1963.The deal included the 19,975-square-foot parking lot across the street.

EL SEGUNDO

Ya Ya’s Out: Women’s jewelry boutique Ya Ya’s has opened in the Plaza El Segundo retail center. The new store, owned by Lillian Haberman, Maria Vivit and Christina Reyes, specializes in custom-designed pieces.

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