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
Deal of the Art: Chen gets $31.5M for Hollywood gallery
Deal of the Art: Chen gets $31.5M for Hollywood gallery
Deal of the Art: Chen gets $31.5M for Hollywood gallery
Kidder Mathews taps CIM Group exec to lead LA operations
Kidder Mathews taps CIM exec to lead LA operations
Kidder Mathews taps CIM exec to lead LA operations
808 S. Broadway and Steve Needleman of Anjac Fashion Buildings (Google Maps, Getty)
Downtown LA’s biggest rentals set for Fashion District
Downtown LA’s biggest rentals set for Fashion District
LTC Properties CEO Wendy Simpson (Getty)
Senior housing mortgage REIT puts $46M into Q3 deals
Senior housing mortgage REIT puts $46M into Q3 deals
PS Business Parks CEO Mac Chandler and new CFO Adeel Khan (PS Business Parks, LinkedIn via Khan)
PS Business Parks taps former Rexford exec as CFO
PS Business Parks taps former Rexford exec as CFO
Councilmember Joe Busciano and Council President Nury Martinez (Getty, Busciano)
LA delays vote on strict vaccine requirement for indoor spaces
LA delays vote on strict vaccine requirement for indoor spaces
SoLa Impact founder and CEO Martin Muoto, whose firm plans an apartment complex in Park Mesa Heights (Google Maps, SoLa Impact)
SoLa Impact plans 195-unit rental complex in Park Mesa Heights
SoLa Impact plans 195-unit rental complex in Park Mesa Heights
LA County Board of Supervisors. From left to right: Holly J. Mitchell, Janice Hahn, Sheila Kuehl, Kathryn Barger and Hilda L. Solis (Getty, Board of Supervisors)
LA County commercial landlords can’t evict tenants just yet
LA County commercial landlords can’t evict tenants just yet
arrow_forward_ios

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

Loading...