Union Street Building Housing Idealab Reportedly Sold for $19.4 million to Pasadena Capital Investments

Published Thursday, September 9, 2017 | 5:36 am

Fairway Real Estate and Tokyo Land US Corp. have jointly sold the 34,000-square-foot complex at 130 W. Union Street in Pasadena for $19.4 million to Los Angeles-based investor Pasadena Capital Investments. A report from The Real Deal said Chris Comfort and Eric Mandell of Apex Properties represented the buyer in the transaction. The building, which is leased to Pasadena-based startup studio Idealab through 2019, was originally five individual, single-story structures. In 2000, the property was consolidated into a large, collaborative…

Fifth Annual Bulletproof Biohacking Conference Set for Pasadena in October

Wednesday, September 9, 2017 | 7:12 am

Fifth Annual Bulletproof Biohacking Conference (PRNewsfoto/Bulletproof 360, Inc.) Bulletproof 360, Inc., creators of Bulletproof® coffee and other high-performance…

Bolton & Company Strengthens Client Engagement Initiative with 3 Strategic Hires

Tuesday, September 9, 2017 | 6:41 pm

L-R: Joshua Spitz, Shari Pickett and Fabiola Vargas Bolton and Company, a full-service insurance broker based in Pasadena,…

Pasadena-Based Jacobs Completes Merger Transaction with Australian Company

Pasadena-based Jacobs Engineering Group Inc. announced on Thursday that it has completed its merger transaction with Sinclair Knight Merz, a 6,900-person professional services firm headquartered in Australia, in accord with the previously announced terms.

Retail

Gap, Inc. Announces Plans to Close Underperforming Stores, Fates of Old Pasadena Locations Not Disclosed

Published Wednesday, September 9, 2017 | 6:51 pm

Pasadena’s future is a mixed bag when it comes to Gap, Inc. brand stores here, after the retail giant said Wednesday it plans to close hundreds of Gap and Banana…

Pasadena-Based Wetzel’s Pretzels Plans Push to Launch “Non-Traditional” Locations

Published Thursday, August 8, 2017 | 7:21 pm

Wetzel’s Pretzels, the Pasadena-based innovator of fresh-baked pretzels, has opened its most recent “non-traditional” location at the Walmart Supercenter in Queens Creek, Arizona, just outside of Phoenix. The company says…

Commercial Real Estate

Marron Appointed as CEO at Strategic Venue Partners

Published Monday, August 8, 2017 | 12:26 pm

Justin Marron Pasadena-based Strategic Venue Partners Inc. (SVP), a provider of wireless infrastructure investment and services for enterprise real-estate venues, has named infrastructure investment veteran Justin Marron as Chief Executive…

Meridian Names Cypress West as Property Manager of 115,000 Square Foot Newly-Renovated Cotton Medical Center in Pasadena

Published Wednesday, May 5, 2017 | 2:29 pm

Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the firm has retained Cypress West Realty Management of Rancho Santa Margarita, Calif.,…

Business Briefs

Matthew Drummond Joins Bolton & Company as Assistant Vice President

Published Thursday, July 7, 2017 | 1:40 pm

Bolton & Company, one of the nation’s largest privately owned insurance brokers, announced today that Matthew Drummond has joined as Assistant Vice President with the firm’s Property & Casualty Department.…

Pasadena Company to Play Role in Defense Agency Satellite, Spacecraft Servicing Business

Published Wednesday, March 3, 2017 | 5:42 am

A Pasadena company will be playing a significant role in developing systems to service and maintain America’s orbiting infrastructure of spacecraft and satellites. Space Systems Loral, which manages Pasadena-based MDA…

Business Districts

Pasadena Based Engineering Services Company Awarded $23 Million Contract From USAID

Published Wednesday, September 9, 2017 | 7:02 pm

The U.S. Agency for International Development (USAID) has awarded Pasadena-based Tetra Tech Inc. a $23 million single-award contract to improve economic growth and food security in the Democratic Republic of…

Pasadena-based Materia, Inc. to Introduce New Composite Resins

Published Wednesday, September 9, 2017 | 11:06 am

Proxima resins provide reliable, practical and economical solutions for the oil & gas, corrosion and transportation industries. Materia, Inc., a world-leading supplier of high performance catalysts and advanced polymers, will…

Government

Developer’s Condo Proposal a Textbook Example of How Bonus, Concessions System Works

Published Sunday, September 9, 2017 | 10:52 am

Burke Farrar of Odyssey Development Services, has submitted a Predevelopment Plan Review (PPR) application to construct a 72-unit mixed-use density bonus project on the subject property located at the northeast…

The Week in Pasadena City Government

Published Sunday, September 9, 2017 | 4:10 am

Monday, September 25 Finance Committee Meeting 4:00 p.m. Pasadena City Hall, Council Chambers Room S249 100 North Garfield Avenue Agenda – http://ww5.cityofpasadena.net/commissions/wp-content/uploads/sites/28/2017/09/2017-09-25-Finance-Committee-Agenda.pdf   City Council Meeting 6:30 p.m. Council Chamber,…

Pasadena’s Youngest Citizens are the Motivation for the City’s New Early Learning Initiative

Published Friday, September 9, 2017 | 5:55 am

Pasadena is gearing up to launch its new city-wide early learning initiative for local children and their families this Saturday in a focused effort to jumpstart education, improve health and…

City Manager’s Office Announces Names of Civic Center Task Force Members

Published Thursday, September 9, 2017 | 8:05 pm

The Pasadena City Manager’s office said Thursday that all of the Civic Center Task Force’s prescribed members have been appointed and City staff anticipates the Task Force’s kick-off meeting will…