TRI-CITIES
PASADENA
Gaining Ground: Lee & Associates, an Orange-headquartered commercial real estate services firm, has opened an office in Pasadena, the firm’s 27th in California. The new outpost, at 155 N. Lake Ave., will be overseen by Christopher Larimore.
Hitting Road: Jacobs Engineering Group Inc. of Pasadena has been awarded a contract by the government of Wales to provide technical advisory services for the upgrades to sections of the A465 road, a key transportation route in South Wales. Jacobs will provide environmental impact assessment, and technical and procurement support, among other services. Financial terms of the contract were not disclosed.
WESTSIDE
WEST LOS ANGELES
Dialed In: West L.A. communications firm FreedomPop has raised $50 million in an equity round from undisclosed investors. FreedomPop, which raised $30 million in a Series B round, plans to use the money to expand its wireless services throughout Europe, Asia and South America. Through its proprietary SIM card technology, the firm offers free voice and data cellphone service up to a point, then charges for additional usage or services such as a second phone number or anonymous Web browsing. The company also generates revenue by selling cellphone devices.
CENTRAL AREA
DOWNTOWN LOS ANGELES
Bigger Picture: Naritiv, an entertainment services firm in downtown Los Angeles, has raised $6.3 million from 32 undisclosed investors, according to a Securities and Exchange Commission filing. Naritiv sells sponsorships to brands on behalf of a network of Snapchat stars.
SAN FERNANDO VALLEY
NORTH HOLLYWOOD
Apartment Sale: Irvine real estate services firm Bernal Capital Group has acquired a North Hollywood multifamily property for $4.9 million from the George Ellis Trust of Granada Hills. The 19-unit building, at 11040 Hesby St., was 100 percent leased at time of sale.
BEACH CITIES
REDONDO BEACH
Hooked Up: CapLinked, a Redondo Beach software firm, has raised $3.5 million in a round led by Subtraction Capital of San Francisco. CapLinked’s cloud-based software facilitates document sharing for the financial industry.The money will go toward sales and marketing efforts.
SAN GABRIEL VALLEY
DUARTE
Shot in Arm: City of Hope, a Duarte research and treatment center for cancer and other life-threatening diseases, has been awarded more than $12 million from the National Cancer Institute in Bethesda, Md., for the California Teachers Study. The five-year NCI award will fund the CTS program’s approach of using cloud-based data management and technology to conduct large-scale epidemiology research.
