Tuesday, October 6, 2020

Union Bank Plaza Designated First Skyscraper in Los Angeles as a Historic Landmark

Union Bank Plaza,  445 S. Figueroa Street, Los Angeles, CA

 LOS ANGELES, CA – Union Bank Plaza (UBP), a 701,888 square-foot, 40-story, office tower and retail plaza is redefining the Downtown Los Angeles skyline.

 The property was recently designated the first skyscraper in Los Angeles to become a historical landmark nominated by the esteemed Los Angeles Conservancy.

Brittany Winn

At the same time, the office tower is undergoing a $20 million renovation while preserving its historic charm. UBP is owned by KBS Real Estate Investment Trust II.  

 Built in 1967, the office tower has been an iconic part of the Downtown Los Angeles skyline for over 50 years, according to Giovanni (Gio) Cordoves, regional president, western region for KBS.  

Giovanni (Gio) Cordoves

“The repositioning project provided the opportunity for Union Bank Plaza ‘to be seen in a new light’ while still maintaining the historic characteristics that make it so unique,” explains Cordoves.

 “We made several upgrades to the property that are aligned with the needs of today’s tenants and completely preserved the historic original shell of the building as well as the outdoor plaza.”  

 

Tim Helgeson

“UBP is a one-of-a-kind property that spans a full city block and exudes the charm and rich history of 1960s architecture, which makes it a true landmark for Downtown Los Angeles,” explains Tim Helgeson, senior vice president for KBS and asset manager for UBP.

 

Mark Zwagerman

“As Los Angelenos begin thinking about returning to the office, UBP offers them a building of classic design with all the modern touches and amenities that today’s top tenants demand.”  

 “Union Bank Plaza is the perfect mix of old and new,” says Mark Zwagerman, principal and managing director at HLW's Los Angeles office, who oversaw the extensive renovations.

 

 Adrian Scott Fine

“The completed design truly reimagines the amenity spaces and enhances the overall tenant experience. We could not be prouder to be a part of a project that reestablished the property as a Class A asset in Bunker Hill’s core and the collaborative effort by all parties involved to celebrate its history.”  

 UBP is located at 445 S. Figueroa Street in Los Angeles, California, connecting the Bunker Hill business district with the burgeoning Figueroa Corridor and offering access to both phenomenal entertainment and key transportation routes.  

 

According to Adrian Scott Fine at the Los Angeles Conservancy, “Union Bank Plaza is a significant historical and cultural monument for downtown Los Angeles.

 

 Justin Collins

 "Its architecture, especially the outdoor plaza, is extremely unique and was one of the first buildings to be completed as part of the Bunker Hill Urban Renewal project, marking a new era in how the downtown was redeveloped.

 "We are thrilled to see this building become a landmark and for the continued support from KBS who worked closely with us throughout the entire nomination process.”  

 KBS engaged Swinerton Builders to lead construction efforts. Renderings, floor plans, virtual tours and more can be found on the building’s newly launched interactive site: http://www.ubpdtla.com/.  

 

Pete Collins

“KBS has created an entirely new vibe at UBP,” said Justin Collins, executive director for Cushman & Wakefield and leasing agent for the building.

 “With a new garden retail setting, a park-like experience on the plaza level including a variety of seating areas surrounded by new landscaping, fire pits, an indoor/outdoor conference center and a stunning new lobby, UBP is one of the most attractive and flexible work spaces in the Downtown Los Angeles marketplace.”  

 Brokerage professionals Justin Collins, Pete Collins, and Brittany Winn from Cushman & Wakefield serve as exclusive office leasing agents for UBP.  

For more information on the historical landmark designation, visit: https://www.laconservancy.org/locations/union-bank-square

To see the newly transformed photos, visit: here for pre-renovation photos, visit: here and for more information, visit www.ubpdtla.com.  

  CONTACT:

Micaela Fehrenbach 

mfehrenbach@brower-group.com

www.kbs.com.  

www.hlw.com

Dream Finders Homes Acquires NC homebuilders

 

 Ralph and Linda Huff

 Jacksonville, FL   Dream Finders Homes has completed the acquisition of Fayetteville , NC based homebuilder H&H Homes.

  Founded in 1991 by Ralph and Linda Huff, H&H Homes currently operates in 10 markets throughout the Carolinas and has built over 9,000 homes since inception while planning to deliver over 1,000 homes in 2020. 


Patrick Zalupski

 “Linda and I are extremely pleased with our new partnership with Dream Finders Homes and we are proud to be a part of the DFH Family,"  said H&H Homes CEO Ralph Huff.

 

"The Dream Finders team, under the leadership of Patrick Zalupski, is one that we feel is aligned with the values that Linda, myself and all H&H employees hold dear.

 

 “The advantages to both companies are numerous. Dream Finders has a diverse geographic footprint, that coupled with the Carolinas footprint of H&H homes, will lend itself to major growth.


Jack Rostetter


"It was also important to us that the well respected H&H brand be continued which will benefit our employees, suppliers, trade partners and over 1,800 Coldwell Banker Advantage Real Estate Agents.”

 

“Dream Finders has found a great strategic fit in the H&H acquisition that will allow us to expand our footprint to the great state of North Carolina ,” said Zalupski.

 

“Ralph and Linda Huff have built a truly wonderful business, with a culture of building high quality homes that provide significant value and lifestyle to their customers, which aligns well with Dream Finders’ core values.



Marty O’Mahony
 

"We look forward to carrying on the Huff’s legacy and making them proud as we continue the growth of H&H. We are also excited that Jack Rostetter, current President of H&H Homes, will stay on to help lead the growth as President of the Carolinas division for Dream Finders Homes.”

 

The acquisition was financed by Boston Omaha Corporation, one of the largest shareholders in Dream Finders Homes. Investment Banking Services for H&H Homes were provided by ORE Advisory CEO, Marty O’Mahony.

 

  CONTACTS:

Beth Payan 

beth@larryvershel.com

 

Patrick Zalupski

 Dream Finders Homes

Patrick.Zalupski@dreamfindershomes.com. 

 

Marty O’Mahony

marty@oreadvisory.com

Ware Malcomb Announces Construction is Complete on Recoop Spa in Seattle, WA

 

Cindy Kang

 Photography by Sarah Vanausdoll

 SEATTLE, WA,  Oct. 6, 2020 – Ware Malcomb, an award-winning international design firm, today announced construction is complete on the new Recoop Spa located at 2908 1st Avenue in Seattle, Washington. Ware Malcomb provided interior architecture and design services for the project. 

 The new 3,696 square foot luxury Recoop Spa is located on the ground floor retail space of an existing five-story multifamily residential building.

 The design incorporates a reception and retail area, nail salon (including eight manicure stations and eight pedicure stations), day spa with six treatment rooms (four massage and two facial rooms), relaxation room, restroom/shower, locker room, employee break room and laundry room.


Recoop Spa, 2908 1st Avenue, Seattle, WA

The interior design includes a combination of modern and rustic features. The reception area incorporates a reclaimed wood feature wall, polished concrete floors, custom millwork to display retail items, and barn doors to welcome visitors into the nail salon. A unique entry panel by Interlam Surfaces with a custom Recoop Spa logo completes the space.


“We enjoyed working with Recoop Spa to create an inviting, luxurious environment for its customers and employees,” said Cindy Kang, Director, Interior Architecture & Design of Ware Malcomb’s Seattle office. “At the same time, the layout is designed to maximize the available space to accommodate the wide variety of services offered at the spa.”

With this new opening, Recoop Spa now has two locations to serve customers in both Seattle and Bellevue. In light of the COVID-19 pandemic, Recoop Spa is operating under strict new sanitation standards based on guidelines established by the Department of Public Health and the Centers for Disease Control and Prevention.

The General Contractor for the project was Constantine Builders.

 CONTACTS:

Rachel Devany

VP Public Relations

 KCOMM for Ware Malcomb

Rachel@kcomm.com 

 Maria Rodgers, Public Relations Manager, 949.660.9128, mrodgers@waremalcomb.com

Maureen Bissonnette, Associate Principal, Marketing, 949.660.9128, mbissonnette@waremalcomb.com