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

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
City Tower at 333 City Boulevard West (KBS Capital Markets Group)
Opal Holdings pays $150M for Orange County office tower
Opal Holdings pays $150M for Orange County office tower
Redcar Properties CEO Jim Jacobsen with Dynasty Center (Google Maps, Industry Partners)
Redcar buys Dynasty shopping center in Chinatown
Redcar buys Dynasty shopping center in Chinatown
Sandstone Properties CEO Eri Kroh with a rendering of the project (Sandstone, The Jeff Hotel)
Culver City approves `The Jeff,’ Sandstone Properties’ 175-unit hotel
Culver City approves `The Jeff,’ Sandstone Properties’ 175-unit hotel
Apple delays return to office by a month
Apple delays return to office by a month
Apple delays return to office by a month
Stos Partners Principal CJ Stos and 159 N San Antonio Avenue 
Stos Partners pays $22M for Pomona warehouse
Stos Partners pays $22M for Pomona warehouse
The assistance is available to theaters with fewer than 99 seats (Getty)
California lawmakers set aside $50M in massive state budget to aid small theaters
California lawmakers set aside $50M in massive state budget to aid small theaters
Elon Musk and 19640 Cajon Boulevard (Alere Property Group, Getty)
Tesla drives into San Bernardino with big warehouse deal
Tesla drives into San Bernardino with big warehouse deal
Goodman Group CEO Gregory Goodman with renderings of the facility (Goodman, Relativity Space)
Goodman signs spaceflight startup to 1.3M-sf former Boeing site
Goodman signs spaceflight startup to 1.3M-sf former Boeing site
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...