Mobile lender Tala trades up for larger Santa Monica office; Knotel takes old digs

Tala will take 30K sf in its new office; Knotel's location will be first in LA area

TRD LOS ANGELES /
Mar.March 13, 2019 10:00 AM
Tala founder and CEO Shivani Siroya is moving the company from 429 Santa Monica Boulevard to 1633 26th Street in Santa Monica

The mobile financial technology company Tala is trading up for a larger office in Santa Monica.

Tala inked a lease with for 30,600 square feet at Kilroy Realty Group’s 1633 26th Street. It will take the top two floors of the three-story building, a space formerly home to media company MTV.

Tala is also subleasing its existing 12,400-square-foot office at 429 Santa Monica Boulevard to flexible office provider Knotel. The company announced the new office, its first in the Los Angeles area, last month. That office sold in 2017 when Blackstone unloaded it to Douglass Emmet Inc. and the Qatar Investment Authority as part of a larger deal.

Savills Studley’s Robert Cavaiola and Shay Bolton represented Tala on both of the recent transactions. Hunt Barnett and Chris Houge of L.A. Realty Partners advised Kilroy.

Tala’s new digs is just across the street from Water Garden, where Oracle and Amazon Studios rent space.

Founded in 2011, Tala runs a smartphone-enabled lending platform that evaluates customers’ credit and can deliver loans “in minutes,” according to its website. It is targeted for borrowers in developing countries who don’t have access to traditional lenders.


Related Articles

arrow_forward_ios
1314 7th Street, Santa Monica and Divco West CEO Stuart Shiff

Rockwood Capital pays $66M for Santa Monica phone building

LA promo

Coming Soon: The Real Deal Los Angeles’ Winter 2020 issue!

From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Andrew McDonald and At Mateo in the Arts District

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more

3339 Exposition Blvd. and Asher Luzzatto

Luzzatto Co. assembling creative office hub in West Adams

Jason Illoulian and the Cemex plant

Faring makes $30M assemblage play on WeHo/LA border

Adam Shekhter and the 1415 5th Street project

WS Communities boosts affordable housing plans in Santa Monica

From left: Nuveen CEO Vijay Advani, Graymark founder/CEO Brian Hecktman

Graymark, Nuveen pay $97M for El Segundo creative office

arrow_forward_ios
Loading...