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
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.
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.
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.
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.
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.
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
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.
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.
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.