California real estate projects - Archives - Page 4 of 6

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Mixed-Use Redevelopment Entitlement and Permits

Mixed-use redevelopment entitlement and permits support to client project developed at Third Street Promenade in Santa Monica. The assignment also involved feasibility-related analysis related to the project, given its location within a then transitional retail-entertainment district of Santa Monica.

This project by the Janss Investment Corp. (Thousand Oaks, California) pioneered the redevelopment of the old Santa Monica Mall into what is now known as Third Street Promenade. The seven-story, 138,000 SF building at 3rd and Broadway was redeveloped with office space, 32 apartments, parking, and a restaurant operated by a well-known local chef. The project also included a four-screen Cineplex Odeon theater, which has since been rebranded with a new cinema operator. The theater façade’s was integrated into the mixed-use redevelopment project.

The Janss Investment Corp. was one of the storied real estate development firms of Southern California, first established by Dr. Peter Janss and his sons well over a century ago. During the 1920’s the closely-held family investment firm donated 100 acres land on in West Los Angeles for the establishment of UCLA. Among so many developments accomplished by Janss Corp., the company developed ski resorts in Sun Valley (Idaho) and Aspen (Colorado), the planned community of Thousand Oaks, California, and a myriad of housing and commercial projects throughout Southern California.

This real estate advisory involvement providing mixed-use redevelopment entitlement and permits support was an assignment of StoneCreek Partners’ co-founder while a principal with predecessor consulting and land planning design firm, Phillips Brandt Reddick (Irvine, California).

Project feasibility consultants for office and industrial

Feasibility Study for Mixed-Use Project

Feasibility study for mixed-use project, proposed for development in San Fernando Valley area of Los Angeles, California. Work was prepared for Brookfield Development Inc.

Brookfield Development Inc. | Project market and financial feasibility study for proposed mixed-use center. BCE Development (predecessor in name to Brookfield Development) had proposed a major mixed-use development featuring office, hotel and retail facilities on San Fernando Valley property owned by the famed entertainer Bob Hope.

Report including market support analysis, tenant leasing market conditions, tenanting prospects, tenant space bond yields, construction cost estimates, and projections of property operating results (EBITDA).

StoneCreek real estate consulting - senior housing consultants

Las Encinas Continuing Care Community

24.08.2016 Project Feasibility Consultants, Senior Housing Feasibility and Facilities Consultants

L.E. Corp. | Market study and financial projections for proposed continuing care community to be located on the grounds of Las Encinas Hospital, in Pasadena, California. Continuum of care communities are facilities offering several types of senior care, including some or all of independent living, assisted living, skilled nursing facilities, and memory care units.

Las Encinas Hospital was founded as “The Southern California Sanitarium for Nervous Diseases” in 1904 by Dr. James McBride. Dr. McBride’s motto for care at the hospital was “Not just to
live, but to enjoy living.” The hospital is now part of Aurora Behavioral Health Care.

Asset Management of Marina Beach Hotel

03.06.2016 Hotel Development Consultants, Owner Representation Consultants

Over a five-year period, provided asset management of Marina Beach Hotel, and owner representation, for this destination resort hotel in the Marina del Rey area.

Asset management included re-branding this Los Angeles area hotel to a Marriott Hotels franchise and selection of Outrigger Hotels U.S. as facilities manager. A major renovation was also completed that included an upgrade to case goods in all guestrooms and upgrade to food and beverage services provided at the hotel’s rooftop group events space.

Formerly the Marina Beach Marriott, the property is now known as the Marina del Rey Marriott.

Assignment performed by Donald Bredberg while under contract leading the investment portfolio managed by Newfield Enterprises International (“NEI”). Asset management of the Marina Beach Hotel investment included this hotel and two others, retail and office space, and boat-slips at Marina del Rey. Marina del Rey is a small craft harbor created by a public-private partnership that included the Army Corps of Engineers, and funded and planned by the Federal government, the County of Los Angeles, and private developers. Marina del Rey is the largest man-made marina in North America, with over 4,600 boat slips.

The investment was held in joint venture with Real Property Management, Inc. (“RPM”) prior to completing a buyout of RPM’s interest in the portfolio.

Mexican-American Trade Center

02.06.2016 Office and Industrial Facilities Consultants

Mexican-American Trade Center Corp. | Market and financial feasibility study for potential Mexican-American Trade Center in San Diego, proposed by a working group for the trade center’s development. The work included a focused “lessons learned” review regarding the operating success of similar facilities elsewhere in the U.S.

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