DOWNTOWN LOS ANGELES
Marketing Move: Drumbeat Digital LLC, a New York web design and marketing firm, has opened Heartbeat West in downtown Los Angeles. Heartbeat West is now working out of an office on Wilshire Boulevard but plans to move to a bigger office by the end of this year.
On the Menu: Cabo Cantina, a Mexican beach-styled cantina restaurant, has opened in Hollywood at 6669 Hollywood Blvd. It is the ninth location for the West Hollywood-based Cantina chain, owned by Michael Bezerra.
PALOS VERDES ESTATES
Thrift Saluted: Malaga Bank FSB, a Palos Verdes Estates-based bank owned by Malaga Financial Corp., has been named the top-performing U.S. thrift for the 12-month period ended March 31 by SNL Financial LC, a Charlottesville, Va.-based financial information firm. SNL Financial ranked the 100 largest publicly traded thrifts according to six performance metrics, including core return on average assets and core return on average equity.
Out of the Oven: Sammy’s Woodfired Pizza & Grill, a San Diego-based restaurant chain, has opened its first L.A.-area restaurant at 780 S. Sepulveda Blvd. in El Segundo.
SAN FERNANDO VALLEY
Plugging In: Fulcrum Microsystems Inc., a Calabasas maker of semiconductors used in data center networks, is being acquired by Santa Clara semiconductor giant Intel Corp. Intel said Fulcrum’s chips will complement its processors and ethernet controllers as more data moves into cloud networks. Financial terms of the deal were not disclosed.
Working Offshore: A subsidiary of Van Nuys’ Trio-Tech International has received a $2.9 million contract to manufacture components for offshore oil exploration in Southeast Asia. PT SHI Indonesia, based in Batam, will provide for mobile offshore production units and living quarters. Trio-Tech specializes in semiconductor testing and manufacturing, oil and gas equipment fabrication, solar products and real estate.
Executive Suite: Premier Business Centers, an Irvine-based manager of rented commercial and office space, has opened an executive suite in Sherman Oaks. The new 8,297-square-foot rentable space is on the 12th floor of Valley Executive Tower at 15260 Ventura Blvd.
Movie Pickup: Verde Media Group Inc., a Century City media company, has signed a letter of intent to acquire a catalog of films from Astrablu Media Inc., a Beverly Hills film and TV production company. The catalog includes foreign-language Oscar winner “Babette’s Feast.” Financial terms of the deal were not disclosed.
The article in the July 18 issue headlined “Hoping Bakery Pans Out” misspelled the last name of Yolanda Santosa.
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The article in the July 18 issue headlined “Building an L.A. Team for Russian Thrill Rides” misspelled the last name of Gennady “Gene” Moshkovich.