TRI-CITIES
GLENDALE
Lease Deal: Cigna Corp., a Bloomfield, Conn.-based health care insurer, has agreed to a six-year extension of its lease in Glendale in a deal estimated at $11.5 million. Cigna renewed its 78,000-square-foot lease at 400 N. Brand Blvd., where it employs about 300.
BURBANK
Another Serving: PizzaRev, a Studio
City-based fast-casual chain, has opened a Burbank outpost, the company’s sixth location. The new 2,600-square-foot shop is at 175 E. Palm Ave. In addition to Studio City and Burbank, PizzaRev, which launched last year, has outposts in Northridge, El Segundo, Oxnard and Woodland Hills.
PASADENA
Fertilizer Plant: Pasadena’s Jacobs Engineering Group Inc. has been awarded a contract by Indianapolis-based Midwest Fertilizer Corp. to provide management services during construction of a fertilizer plant in Posey County, Ind. Financial terms of the contract were not disclosed but the plant’s construction has been estimated at $2.4 billion.
SAN GABRIEL VALLEY
MONROVIA
IPO: Xencor Inc., a Monrovia biotech company, has closed its initial public offering of 14.6 million shares of common stock at a price of $5.50 per share. Xencor’s common stock is listed on Nasdaq under the symbol “XNCR.” All of the shares were offered by the company, which is developing antibodies to treat a variety of diseases.
WESTSIDE
SANTA MONICA
Series A: Pixalate, a Santa Monica developer of an online ad analytics platform, has raised $4.6 million in Series A funding from San Francisco’s Javelin Venture Partners. In addition, Pixalate said that beginning Jan. 2 it will offer free ad-tracking and fraud detection services. The company also provides premium service on a subscription basis.
Public Offering: TCP Capital Corp., a Santa Monica specialty finance company, has priced a public offering of 4.5 million common shares at $16 a share for total
gross proceeds of $72 million. The offering was expected to close Dec. 18. TCP
plans to use the money to pay back amounts outstanding under its revolving credit facilities.
SAN FERNANDO VALLEY
VAN NUYS
Office Property: VNSH has purchased the Easton Building in Van Nuys for $12.4 million from Easton Properties II. The 79,292-square-foot office property, at 7855 Haskell Ave., was built in 1986 as a build-to-suit for sporting equipment maker Easton Sports, which has signed a lease-back deal for the property through 2016.