TRI-CITIES
BURBANK
Family Matters: Burbank-based media giant the Walt Disney Co. has acquired Babble Media Inc., a New York-based group of more than 200 bloggers on family and parenting issues. Babble will remain based in New York, while co-founders Rufus Griscom and Alisa Volkman will join the Disney Interactive Media Group. Financial terms of the deal were not disclosed.
WESTSIDE
WESTWOOD
Taking Credit: Rentech Nitrogen Partners LP, a nitrogen fertilizing company spun off from Westwood-based Rentech Inc., has secured a $25 million revolving credit facility. The sole agent and lender for the facility is General Electric Capital Corp. in Norwalk, Conn. Rentech Nitrogen received $137 million with the closing of its Nov. 9 initial public offering and does not expect to draw upon the credit facility for fiscal year 2012.
Boosted Image: RadNet Inc., a Westwood-based provider of diagnostic imaging services, has paid $40.2 million for 21 imaging facilities in Maryland, Delaware and Rhode Island that comprise most of the U.S. operations of Ontario, Canada’s CML HealthCare Inc. In addition to the acquisition, RadNet has increased its credit line by $21 million to $121 million, which it will use as working capital and to fund further pickups.
CENTRAL AREA
LOS ANGELES
Moving In: West Elm, a New York-based home furnishings chain, has opened its first store in the city of Los Angeles. The new location, at 8366 Beverly Blvd. just east of the Beverly Connection retail center, will house the brand’s mix of furniture, décor and gifts.
DOWNTOWN LOS ANGELES
Property Deal: MSPN LLC has acquired the Weller Court Shopping Center in downtown Los Angeles for $20.4 million from 3D Investments LLC. The property, at 123 S. Onizuka St., consists of one 69,385-square-foot building.
NORTH COUNTY
LANCASTER
Lot to Do: Antelope Valley Hospital, a 420-bed facility in Lancaster, has finished the first phase of its parking lot expansion, part of a $32 million renovation that began in June. The second phase, which started Nov. 14, will include new handicap parking spaces and an updated patient-drop-off driveway.
SAN FERNANDO VALLEY
WESTLAKE VILLAGE
Healthy Investment: Dole Food Co. Inc., a Westlake Village-based food company, is buying an equity stake in Healthy Foods, a division of Cleveland-based Winston Products. Healthy Foods makes a device called yonanas that turns fruit into a dessert with the consistency of soft-serve ice cream. The new partners plan to rename the product Dole-yoyanas and sell it through retailers such as Target and Sears.
CORRECTION
The interview with Joseph Mazin in the People section of the Nov. 14 issue misidentified Mazin’s immigrant family as Iranian. It is Iraqi.
