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Gelt and Uhon Secure $83 Million Bridge Loan for Watermark Project

Real estate developers Gelt Inc. and Uhon have secured $83 million in bridge refinancing on behalf of its joint venture The Watermark Apartments in Reseda.

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Insomniac Games Plays into Sony’s PS5 Launch

Console marketing features ‘Miles Morales,’ ‘Rift.’

Video games made by a Burbank development studio played a central role in the launch of Sony Corp.’s next-generation PlayStation 5 console.

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Farmers Insurance Buys MetLife Auto & Home

A subsidiary of insurance carrier Farmers Group Inc. will acquire MetLife Auto & Home, the property and casualty division of MetLife Inc.

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Skateland Turns to Homeless Facility

Hope of the Valley to buy the closed rink in Northridge.

The owners of iconic Northridge roller skating rink Skateland have announced they plan to sell the property at 18140 Parthenia St. to homeless services nonprofit Hope of the Valley, which will transform the building into a bridge housing facility.

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AROUND THE VALLEYS

AROUND THE VALLEYS

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Pandemic Effects Boost Private Company Sales

LIST: From data storage to online sales, entrepreneurs adapt to the times.

Among companies on the Business Journal’s list of Private Companies with the biggest increases in revenue was Lamps Plus Inc. The Chatsworth retailer of lamps, lighting fixtures and home furnishings saw its revenue rise by 166 percent in 2019 to put it at No. 13 on the list. The previous year, the company had been No. 24 with $150 million in revenue for 2018, a Business Journal estimate.

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Extra Work on Teledyne’s French Acquisition

TECHNOLOGY: Company adjusts terms and price to reach deal with government.

In a rare move by a company that has grown through its acquisitions, Teledyne Technologies Inc. has made only one in the past year.

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High Demand Means Buy Time at Public Storage

REAL ESTATE: Analysts cheer REIT’s report of property acquisitions in quarter.

Executives with Public Storage discussed acquisitions with research analysts during their conference call on third-quarter earnings.

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SBA Loans Debt of Choice During Pandemic

FINANCE: Manufacturing, professional service firms look to buy real estate.

Small businesses have found opportunities during the pandemic, creating a need for capital that SBA lenders have worked to fill.

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Eta Compute Series C Gets $12.5 Million

Investment features artificial intelligence marketing deal.

Eta Compute Inc. announced last month it had raised $12.5 million in a Series C round of funding.

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MannKind Buys QrumPharma for $3.5 Million

MannKind Corp. announced it has acquired Pennsylvania-based QrumPharma Inc. for $3.5 million in cash and more than 3 million shares of its common stock.

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Teledyne to Buy Flir Systems for $8 Billion

Teledyne Technologies Inc. announced Monday it will acquire Flir Systems Inc. in a cash and stock deal valued at $8 billion.

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Avery Dennison Spends $88 Million to Buy ACPO

Avery Dennison Corp. has acquired ACPO Ltd., an Ohio-based manufacturer of pressure-sensitive labels and industrial tapes, for $87.6 million.

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Rexford Buys 18 Buildings Near Van Nuys Airport for $155 Million

Rexford Industrial Realty Inc. has acquired an industrial property portfolio in the Van Nuys Airport Industrial Center for $154.6 million.

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Buying into Market Dip to Rebalance Portfolios

One of Jason Sands’ clients asked how he could help others financially during tough times.

Wealth manager Jason Sands sought to keep clients on track for their long-term goals during the year of crisis, while also meeting short-term needs.

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Westlake Village Office Building Bought for $8.7 Million

A 45,464-square-foot office building in Westlake Village has sold in an off-market deal for $8.67 million.

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Apple Tree’s Seed Money

Tax credit helps buy, rehab low-income apartments.

Hunt Capital Partners announced in November that it had closed a $13.7 million federal low-income housing tax credit equity financing for the acquisition and rehabilitation of Apple Tree Village.

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Fox & Hounds Daily to Shut Down

Joel Fox, co-publisher of the conservative political website Fox & Hounds Daily, plans to close the site.

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State Small Business Fund Opens for Grant Applications

The state of California’s $500 million Small Business COVID-19 Relief Grant Program has opened its first round of applications

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Loop Media Enters Video Game Market

Loop Media Inc. has partnered with Ultimate Gamer to bring its music videos and other content to the gaming market.

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