CENTRAL AREA
DOWNTOWN LOS ANGELES
Digging In: Aecom Technology Corp., a downtown L.A.-based engineering services company, has received a $10 million design and construction contract for Cleveland’s Dugway West Interceptor Relief Sewer. The $66 million project is scheduled for completion in 2016.
SAN FERNANDO VALLEY
VAN NUYS
Moving In: Regency Theatres, a national cinema chain owned by Knoxville, Tenn.-based Regal Entertainment Group, is rolling into the Plant 16 Cinemas in Van Nuys, replacing Burbank-based chain Mann Theatres. Regency has signed a 10-year lease for 72,200 square feet at the Plant retail center, at 7888 Van Nuys Blvd. Financial terms of the deal were not disclosed.
WESTSIDE
CENTURY CITY
Pro Bono Salute: Greenberg Glusker, an entertainment and real estate law firm in Century City, has been named Pro Bono Firm of the Year by Bet Tzedek, an L.A. legal services non-profit. Greenberg was honored for its volunteer work on the firm’s Small Claims Project, Holocaust reparation matters and individual pro bono matters.
Global Investment: Ares Management LLC, a Century City investment firm, has signed an agreement to acquire Indicus Advisors, a London investment firm. Financial terms of the deal were not disclosed and the agreement is subject to U.K. regulatory approval.
BEVERLY HILLS
New Page: Platinum Equity, a Beverly Hills private-equity firm, has acquired Quark Inc., a Denver developer of page-layout software for print and other publications. Platinum, controlled by billionaire Tom Gores, said it plans to expand the breadth and depth of Quark’s product line, and also use the company as a vehicle to acquire compatible companies. Financial terms of the deal were not disclosed.
WESTWOOD
Charity Case: UCLA School of Law has received a $10 million gift from L.A. philanthropist Lowell Milken, No. 37 on the Business Journal’s List of Wealthiest Angelenos. The gift, the largest in the school’s history, came as part of the Campaign for UCLA School of Law $100 million fundraising drive. The $10 million puts the school over its fundraising goal and will establish the Lowell Milken Institute for Business Law and Policy.
Hooked Up: Gores Group, a Westwood private-equity firm, has agreed to acquire the U.S. sales terminal business of Hypercom Corp., a Scottsdale, Ariz., maker of secure point-of-transaction sale devices. The transaction is the result of a Justice Department stipulation allowing the merger of Hypercom and VeriFone Systems Inc., a San Jose-based point-of-sale services company. Financial terms of the deal were not disclosed.
CORRECTION
The article headlined “No Concessions for Movie Theater?” in the July 25 issue incorrectly stated that the theaters in the Beverly Center are open. They were closed last year.
