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Friday, Aug 19, 2022
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Briefs: Apartments Sale, Cunard, Talon, Conversant

A three-year-old apartment building in Village Village has sold for nearly $6.9 million. The 12-unit building at 5056 Laurel Canyon Blvd. was purchased by Venture One LLC from Laurel Heights LLC of Beverly Hills, just two years after it was constructed, according to the Sherman Oaks office of Charles Dunn Co., the buyer’s broker. The fully leased building includes a mix of three- and four-bedroom townhome-style units, with 2,000-square-foot and larger floor plans. “This property was attractive to the buyer because there are very few options to rent higher-end, large townhome units like this,” said Gelena Skya-Wasserman, director with Charles Dunn, in a statement. Senior Managing Director Roger Beck also represented the buyer, and Peter Miller of the Encino office of Keller Williams Realty, represented the seller. Cunard Line’s Queen Victoria will undergo a multi-million dollar refit at the Blohm & Voss Shipyard in Hamburg, Germany this January. Victoria’s sister ship Queen Elizabeth, built in 2010, recently had an identical makeover, which created nine single staterooms from part of the 2,000-passenger ship’s casino. “Queen Victoria’s multi-million dollar refit will ensure this much-loved ship remains in tip-top condition for her World Cruise in 2015 and beyond,” said Chief Executive David Dingle, in a statement. As a result of Queen Victoria’s dry dock, two of the seven-year old cruise liner’s sailings that month have been cancelled. The British cruise line, which has its U.S. headquarters in Valencia, is a subsidiary of Carnival Corp. & plc., based in Miami and Southhampton, U.K. The contracts of two of Talon International Inc.’s top executives have been extended, according to a Thursday filing with the Securities and Exchange Commission. Lonnie Schnell, chief executive of the Woodland Hills zipper maker, and President Larry Dyne had their executive employee agreements extended through the end of 2016, with an option through 2017. Schnell and Dyne will be entitled to receive an incentive cash bonus this year, which could amount to up to 100 percent of his base salary. The bonus is contingent upon Talon’s performance metrics, including annual revenue, gross profit percentage and earnings before interest, taxes, depreciation and amortization. Last week, the board of directors awarded stock options to Schnell and Dyne. Schnell has the option to purchase 1.2 million shares of common stock and Dyne can purchase 1 million shares. Shares closed unchanged at 20 cents in over-the-counter trading. Conversant Inc. announced on Thursday the hiring of Raju Malhotra as senior vice president of products. The Westlake Village Internet marketing company said Malhotra will work to integrate all the company’s data and technology assets into a consolidated platform and he will manage investments in product development. Previously, Malhotra worked at Microsoft Corp.’s Bing search engine, consulting firm McKinsey & Co. and at advertising technology company Centro. At Conversant, he will work from the company’s Chicago office.

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