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Tuesday, Jan 31, 2023

Regional Report



Medical Pickup: IPC Healthcare Inc., a North Hollywood-based provider of doctors and nurses to health care facilities, has acquired Geriatrics Associates, an Albuquerque, N.M., provider of doctors to nursing homes and hospices. The acquisitions will add about 44,000 annual patient visits to IPC. Financial terms of the deal were not disclosed.


Industrial Acquisition: San Francisco’s Prologis Inc. has acquired a Sun Valley industrial building for almost $22.9 million from Atlanta’s Invesco Real Estate. The 168,000-square-foot property, at 9545 San Fernando Road, was built in 1978 and has been occupied for 30 years by Sugar Foods.


Commercial Property: A private investor has sold a Chatsworth distribution building for $14.1 million to West L.A.’s Rexford Industrial. The 153,984 square-foot property, at 9401 De Soto Ave., sits on 6.7 acres and is home to Topco Sales, a maker of adult novelty items.



Flowing Together: Ryan Herco Flow Solutions, a Burbank distributor of fluid and filtration products for a range of industries, has acquired Engineered Machinery, a Tualatin, Ore., distributor of pumps, tubing and valves, among other products. The pickup will diversify Ryan Herco’s product line. Financial terms of the deal were not disclosed.


Lone Star Deal: Pasadena’s Jacobs Engineering Group Inc. announced it had received a contract from the Texas Department of Transportation to provide general engineering consultant services for public-private partnership projects in the Dallas-Fort Worth area. Financial terms of the deal were not disclosed.



Office Deal: Mousebutt Holdings has purchased a Hollywood office property for $16.4 million from Goldstein Planting Investments and KBS Strategic Opportunity REIT Inc. The 34,674-square-foot, six-story Cahuenga Media Tower, at 1635 N. Cahuenga Blvd., features a wide array of creative amenities as well as a commercial film screening room with luxury seating and a state-of-the-art recording studio.



Capital Combo: Colony Financial Inc., a publicly traded Santa Monica real estate investment firm has completed its combination with related Santa Monica private equity and investment firm Colony Capital. The combined entity will be known as Colony Capital Inc.


Marketing Move: Westwood’s MarketShare has purchased fellow marketing attribution company DataSong of San Francisco for an undisclosed amount. The deal will allow MarketShare to integrate DataSong’s software, expand its employee count by 50 and grow its retail base. Using a statistical method called regression analysis, MarketShare and DataSong’s cloud-based software programs try to correlate sales to money spent on promotions like TV advertisements, online banner and print advertisements, events and social media posts. Financial terms of the acquisition were not disclosed.


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