WESTSIDE
SANTA MONICA
Series C: Tastemade Inc., a Santa Monica multichannel YouTube network focused on food, has closed a Series C round of funding, led by Cincinnati’s Scripps Network Interactive and Liberty Media Corp. in Englewood, Colo. Previous investors also participated in the round.
Seed: FreeGameCredits.com, a Santa Monica mobile-user acquisition platform for game developers that drives traffic through in-app purchases, has received a seed investment from Santa Monica’s Science Inc. The size of the investment was not disclosed.
Office Property: Real estate brokerage Beverly Hills Mint has purchased a Santa Monica office building for $8.85 million from Beverly Hills’ Meyer Pacific Inc. The two-story, 15,391-square-foot building, at 2800 W. Olympic Blvd., had a major remodel this year, featuring concrete floors, glass walls and open creative spaces with exposed ceilings. The buyer plans to occupy the ground floor, which was vacant at the time of sale.
SOUTH BAY
EL SEGUNDO
Short-Term Loan: Aura Systems Inc., an El Segundo maker of mobile power generators and management systems, has received a $1.1 million unsecured noncontrovertible short-term loan from a board member. Robert Kopple, who excused himself from voting on the loan, has advanced $2.9 million to date. The company said the recent loan was need as working capital.
CENTRAL AREA
GLASSELL PARK
Property Sell-Off: Point.360, a digital media firm in Glassell Park, has reported a net gain of $1.6 million on the sale of an excess property the company owned near Lexington Avenue and Vine Street in Hollywood. Point.360 did not disclose the buyer of the property.
TRI-CITIES
GLENDALE
Mixed-Use Pickup: A private investor has acquired a Glendale mixed-use property for $12 million from a local developer. The Colorado Villas, at 1130 E. Colorado St., was built in 2011 and consists of 25 Mediterranean-style condominium units and street-level retail space. The residential portion was 100 percent occupied at the time of sale.
CENTRAL AREA
JEFFERSON PARK
Tapped In: TapZen, a mobile-game developer in Jefferson Park, has received an $8 million investment from Tencent Holdings Ltd., an Internet giant headquartered in Shenzhen, China. TapZen, which launched in 2012 after raising a $10 million seed round from San Francisco mobile-game developer Zynga, will soon be releasing its first game, This Means War!
LITTLE ARMENIA
Retail Building: Beverly Hills’ Serrano Ave has purchased a retail building in Little Armenia for almost $3.99 million from a family trust. The 12,046-square-foot Windsor Center property, at 5465 Santa Monica Blvd., was built in 1986.
