Avanath Capital Management Acquires 261-Unit Senior Housing Community in Anaheim Hills, CA for $87.5 Million

 

Overlook at Anaheim Hills, CA Senior Housing Community

  

ANAHEIM HILLS, CA, April 19, 2021 –Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has acquired its second senior housing community in Orange County in less than 90 days, Overlook at Anaheim Hills in Anaheim Hills, California.

 The 261-unit mixed-income senior apartment community was purchased for $87.5 million.

Daryl J. Carter

 

“Overlook is our second acquisition in our home county of Orange County over the past few months,” says Daryl Carter, Founder, Chairman and CEO of Avanath Capital Management.

  “Overlook at Anaheim Hills is a senior community, which is a very attractive property as the aging Baby Boomer generation is continuing to downsize and look for quality housing options that are also affordably priced."

Overlook at Anaheim Hills is located at 145-235 South Festival Drive in Anaheim, California.

 CONTACTS:  

Micaela Fehrenbach /Lexi Astfalk

Brower Group

949-438-6262

Mfehrenbach@brower-group.com

www.avanath.com.

Technology company signs 28.688-square-foot sublease in Los Angeles area for new headquarters

 

 

Beth Sestanovich

LOS ANGELES, CA, April 19 2021 – JLL announced today that System1, a leading omni-channel customer acquisition company, has signed a sublease for 28.688 square feet of space at 4235 Redwood, a freestanding 49,846-square-foot building in the Marina del Rey area of Los Angeles, California. 

Kamil Agha 

The new lease represents a relocation of the firm’s headquarters from Venice.

JLL’s Gary Horwitz, Kamil Agha and Blake Searles represented System1.  The sublessor was represented by Cresa.

"We searched for a new headquarters space that would provide an open, healthy environment for our employees and which is reflective of our progressive culture," said Beth Sestanovich, System1 COO.

"The building and the area are the perfect place for employees to call home. We are excited to bring our team back into this amazing, single-location, collaborative space after a more than a year of working remotely.”

Gary Horwitz

Horwitz went on to say “This sublease is a perfect example of how forward-thinking companies are taking advantage of well-located, beautifully built-out office spaces with very attractive lease economics.”

About System1

System1 operates the most powerful acquisition marketing platform (RAMP), enabling omni-vertical customer acquisition across every major advertising network. 

Founded in 2013, the company is headquartered in Marina del Rey, CA, with additional offices in the U.S., Canada and the UK and has over 300employees.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. 

Blake Searles

JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. 

JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020.

 JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated

 CONTACT:  

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

jll.com.

Atlas Capital Group, LLC Begins Redevelopment at 101 South Marengo in Pasadena, CA

 

Anneke Greco

 

 LOS ANGELES, CA, April 19, 2021 – Atlas Capital Group, LLC announced today that it has started on the redevelopment of the five-story, 320,000-square-foot Class A office building located at 101 South Marengo Avenue in Pasadena, California. The redevelopment will be completed in the first quarter of 2022.

Patrick Church 

Originally designed by the firm of acclaimed American modernist Edward Durell Stone in 1974, the building was re-envisioned by architecture and landscape design firm, RIOS, with over 80,000 square feet of green spaces including abundant outdoor collaboration areas in the main plaza and the internal landscaped courtyard while bringing an abundance of natural light and fresh air to each floor. 

Edward Durell Stone Jr.

101 South Marengo will feature a new modern lobby, floor to ceiling operable windows, expansive floor plates, oversized elevators with wellness features, escalators to each tenant floor, internal green courtyard and separate tenant air filtration systems.

Additionally, it will have a fitness center offering showers and lockers for tenants’ use.

 101South Marengo Avenue is a five-story,
320,000-SF Class A office building
 in Pasadena, CA

Leading the leasing efforts for 101 South Marengo are Patrick Church and Anneke Greco of JLL. 

The building can accommodate a variety of requirements ranging from approximately 50,000 to 320,000 square feet of contiguous space, one of the largest contiguous available blocks of office space currently in the Los Angeles area. 

"Pasadena will continue to attract companies based on its rich history and access to both affordable and executive housing," said Church. 

101 South Marengo Avenue entrance

 "101 South Marengo is ideal for all types of tenants who are seeking large floor plates near mass transit, retail amenities and an enjoyable working environment for their employees.”

101 South Marengo is centrally located blocks from both Interstate 210 and the 110 freeways as well as multiple transit hubs providing easy access to surrounding Los Angeles communities. 

The property offers a walk score of 97% with an abundance of restaurant, retail and entertainment venues. 

 CONTACT:  

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

jll.com.

RKW Residential Recognized by Key Rating Agencies for Unparalleled Resident Satisfaction

 

Joya Pavesi 

Charlotte, NC, April 19, 2021 — RKW Residential, a multifamily management firm that has quickly evolved into an industry leader on the strength of its People First Philosophy, received two significant recognitions from highly regarded resident satisfaction agencies.

 The company earned an epIQ grade of “A” in the ApartmentRatings SatisFacts “Top Management Companies” list.

Nearly 30 RKW-managed apartment communities were also honored as ApartmentRatings “Top Rated Communities” award winners.

(Apartments File Photo)

 “These recognitions are particularly special because they get to the core of our operating mission to provide superior customer service to our residents,” RKW SVP of Marketing & Strategy Joya Pavesi said.

 “When you create an enjoyable living experience and are attentive to the daily needs of residents, everything else falls into place. I cannot thank our incredible team members enough for all they do to make accolades like these possible.”

 Twice a year, SatisFacts releases the epIQ Index, which measures the resident experience and community performance based on SatisFacts surveys and reviews on ApartmentRatings.com.  RKW made significant moves, climbing from a July 2020 ranking of #58 to #31 in January 2021.

 RKW also saw a 30% increase in the number of communities placing on the 2020 Elite 1% ORA™ Power Ranking by J Turner Research, the leading market research firm exclusively serving the multifamily industry.

The annual ranking is based on monthly online reputation research of more than 122,000 apartments across multiple review sites and Internet Listing Services.

 To earn this distinction, a community had to register a minimum ORA™ score of 90 (on a scale of 0-100). The national average ORA™ is 65.73.

 The community rankings follow RKW making the list of the industry’s top management companies in the 2020 ORA™ Power Ranking for online reputation management.

 CONTACT:  

Eric Kalis

Vice President

 BoardroomPR

ekalis@boardroompr.com

O 954-370-8999 

C 305-794-5123

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

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www.rkwresidential.com