WESTSIDE
SANTA MONICA
Suited Up: Black Tux, an online suit and tuxedo rental business in Santa Monica, has raised $10 million in a Series A round to scale up production and add products. The site wants to quadruple its 10,000-plus suits and tuxedos in inventory and expand into a bigger warehouse in East Los Angeles. The round was led by existing investor First Round Capital of Philadelphia.
Multifamily Pickup: Unison Investment Co. has acquired a Santa Monica multifamily property for $6 million from a private investor. The three-story, 16-unit apartment complex, at 1901 Sixth St., was built in 1969 and renovated in 2005.
CULVER CITY
Hoops Score: Woven Digital, an online publisher in Culver City, has acquired New York’s Dime Magazine, which covers basketball. Dime will expand sports coverage for Woven’s pop-culture site Uproxx.com. Financial terms of the deal were not disclosed.
SAN FERNANDO VALLEY
TARZANA
Buildings Bought: Anaheim’s Sierra Corporate Management Inc. has acquired a three-building Tarzana office property for $28.6 million from Encino’s Moss Group. The 2.3-acre, 160,300-square-foot Tarzana Professional Center was developed by Moss in the 1960s. The buildings comprising the property are at 18401, 18425 and 18455 Burbank Blvd.
CENTRAL AREA
DOWNTOWN LOS ANGELES
Finance Deal: Downtown L.A.’s Commerce Escrow Co. and affiliate RPM Investments Inc. have been acquired by Opus Bank of Irvine in a cash-and-stock deal. Opus will pay $25 million for the two companies, with 55 percent payable in bank stock and the rest in cash. Escrow firm Commerce focuses on commercial business and commercial real estate transactions. RPM acts as an intermediary for tax-deferred transactions.
Art Law: Michael Spencer and Brian Kerr have opened Spencer Kerr, a boutique law firm devoted to art law. The bicoastal firm will represent international clients with business and investments in art. The firm’s offices are in New York and at 529 S. Broadway in downtown Los Angeles.
LADERA HEIGHTS
Pet Project: Evolve Media, an online publisher in Ladera Heights, has acquired San Francisco’s DogTime Media and its two pet enthusiast properties, DogTime.com and CatTime.com. The acquisitions will add 1.6 million monthly views to Evolve’s women’s lifestyle division. Financial terms of the deal were not disclosed.
TRI-CITIES
GLENDALE
Playing Ball: Dick’s Sporting Goods Inc., a retail chain based in Coraopolis, Pa., has reached a deal with Chicago mall operator General Growth Properties Inc. to take the 75,000-square-foot Glendale Galleria space vacated by Nordstrom in 2013. The Nordstrom moved across the street to developer Rick Caruso’s Americana at Brand.
