SAN FERNANDO VALLEY
VAN NUYS
Hospital Donation: Van Nuys-based Valley Presbyterian Hospital has received a $100,000 donation from the Fritz B. Burns Foundation, a Burbank non-profit that supports a range of social causes, to support the renovation of the hospital’s operating rooms. The grant will go toward a new centralized nursing station that is part of the project, which aims to create state-of-the-art surgery suites at Valley Presbyterian.
WOODLAND HILLS
Marketing Moves: Phototron Holdings Inc., a Woodland Hills-based designer and manufacturer of mini-greenhouses, today announced its partnership with the Bay Area office of Hearst Media Services. The partnership aims to build brand awareness and generate revenue for Phototron through a Hearst-run digital marketing campaign.
MID-CITIES
DOWNEY
Walgreens Sold: Heslin Brecker Properties has sold a Walgreens in Downey for $8.1 million to Downey Property Investments LLC. Heslin Brecker, a Seal Beach real estate investment and development firm, built the Walgreens on an industrial property it purchased in April 2010. The new Walgreens is at 8030 Imperial Highway.
WESTSIDE
SANTA MONICA
Online Union: OVGuide, a Santa Monica Internet company that provides a guide to online videos, has acquired Live Matrix, a Sherman Oaks company that provides a guide to live scheduled events on the Internet. Sanjay Reddy, Live Matrix co-founder and chief executive, will be OVGuide’s new CEO. Financial terms of the deal were not disclosed.
WESTWOOD
Increased Dividend: Occidental Petroleum Corp., a Westwood-based oil and natural gas company, has announced that it has increased the company’s compound dividend 17 percent to an annual rate of $2.16 per share. This increase brings the company’s compound annual dividend growth rate over the last 10 years to 16 percent.
CENTRAL AREA
DOWNTOWN LOS ANGELES
Refashioned Business: People’s Liberation Inc., a downtown L.A. apparel maker known for its high-price jeans, has said it will change its name and business model in conjunction with a $14.5 million infusion from Tengram Capital Partners LLC, a Westport, Conn., private-equity firm. People’s Liberation will change its name to Sequential Brands Group Inc., and will focus on brand management and licensing as opposed to manufacturing.
VERNON
Industrial Purchase: Regent Realty LLC has purchased a 50,800-square-foot Vernon industrial building for $3.1 million from Kudenoff of Kroener Family LP. The property, at 5400 Alcoa Ave., was built in 1951 and sits on 2.32 acres. The property was purchased with the intent of upgrading it and using it in part for office space.
