REAL ESTATE

Kennedy Wilson brings retail, entertainment to Los Angeles market

BY Katherine Boccaccio

Los Angeles — Kennedy Wilson has closed four retail and entertainment lease transactions in Hollywood, Santa Monica and Westchester. The collection of new leases carries an aggregate value of more than $3 million.

The four lease transactions include clothing store G-Star at 7960 Melrose Ave. in West Hollywood; build-your-own pizza restaurant Pizza Five 85 located at 5656 Manchester St. in Westchester; fitness center Dethrone Basecamp at 1315 Lincoln Blvd., in Santa Monica; and entertainment news studio BiteSizeTV, which expanded into the former Drai’s ground-floor private lounge at 6250 Hollywood Boulevard.

All leases are set for at least a five-year term.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
News

Advertising platform Drawbridge adds mobile ad veteran to board

BY CSA STAFF

Drawbridge, a leading cross-device advertising platform, has added former Apple exec Andy Miller to its board of directors.

Miller is a current adviser and the former president and COO of Leap Motion, as well as a former Partner at Highland Capital. Previously, Miller was VP of mobile advertising at Apple, reporting directly to Steve Jobs. He was co-founder and CEO of Quattro Wireless, which was acquired by Apple in 2009 and would become Apple’s mobile advertising platform, iAd.

"As Drawbridge continues to grow our product offerings, customer base, and partnerships, Andy’s experience will be of great value to our executive team and the future our business," said Drawbridge founder and CEO Kamakshi Sivaramakrishnan. "Andy has already been an invaluable resource for me in his first month, and his experience and knowledge will continue to benefit us as we drive Drawbridge towards becoming the leading ‘currency’ for cross-device identity."

"Kamakshi and her team have built an incredible company based on very strong technology, and I look forward to contributing to its future direction," said Miller. "With eMarketer reporting that 24% of Fortune 500 CMOs say that reaching consumers across digital touchpoints is their biggest challenge in 2014, the opportunities ahead are endless for this innovative, growing company."

Miller also serves on the board of directors for The Weather Channel and SessionM, and is co-owner of the Sacramento Kings of the NBA. He joins Kleiner Perkins Caufield and Byers’ Matt Murphy and Sequoia Capital’s Jim Goetz on the Drawbridge board.

Drawbridge touts itself as having had developed the first machine-learning ad technology to leverage insights from cross-device signals allowing advertisers and marketers to reach targeted audiences across multiple devices. Through its technology, the company says it is able to gain insights and a much deeper understanding of audience behavior. Drawbridge works with six of the top seven online travel agencies, eight of the top 12 flash sales retailers, as well as top companies in local services, online payments, subscription media and dating verticals. The company is located in Silicon Valley and is backed by Sequoia Capital, Kleiner Perkins Caufield and Byers, and Northgate Capital.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
News

Unilever drops Slim-Fast

BY CSA STAFF

Unilever has sold its Slim-Fast brand to Kainos Capital. The supplier of food, home and personal care products will retain a minority stake in the business. Terms of the transaction, which was completed late this week, were not disclosed.

The transaction includes the Slim-Fast trademark and the global Slim-Fast business portfolio. Slim-Fast is sold throughout North America and in the United Kingdom and Ireland.

“The Slim-Fast sale is the last step in the portfolio reshaping that we had planned for North America. This transaction, along with previously announced divestitures, will give us the focus to drive growth behind our core portfolio,” said Kees Kruythoff, president of Unilever North America.

Unilever’s portfolio includes Knorr, Persil / Omo, Dove, Sunsilk, Hellmann’s, Surf, Lipton, Rexona / Sure, Wall’s ice cream, Lux, Flora / Becel, Rama / Blue Band, Magnum and Axe / Lynx.

Kainos Capital is a middle market private equity firm with an exclusive focus on the food and consumer sector. The Kainos team has invested more than $2 billion of equity in more than 40 transactions with a total transaction value in excess of $7 billion. The firm’s strategy is to build a diversified portfolio of growing and strategically relevant food and consumer businesses that trade buyers would like to acquire.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...