NEW YORK, NY – New York-based real estate investor/developer Soho Properties announces the commencement of sales for 45 Park Place, an exclusive collection of 50 contemporary Loft and Tower residences in the New Downtown area of Tribeca designed by architect Michel Abboud of SOMA, with interiors by designer Piero Lissoni – for his first New York residential condominium development. Stribling Marketing Associates is directing the sales and marketing efforts for the property, with a team led by Elizabeth Stribling.

Additional artists involved in the creation of this limited edition of unique residences include Ismael Leyva as the architect of record. The tower’s plaza, garden and neighboring museum will be designed by world renowned architect Jean Nouvel.

“We are proud to be working with such an extraordinarily creative design team and excited to see 45 Park Place coming to fruition,” said Sharif El-Gamal, chairman and CEO of Soho Properties. “This remarkable tower will be a striking contribution to the New Downtown. It is incredible to see our vision for the building and the overall neighborhood materializing.”

Floorplans at 45 Park Place feature a fresh perspective from SOMA, offering buyers an uninterrupted experience, especially in the full-floor Tower residences, which seamlessly integrate into the iconic New York City skyline. Loft residences pay homage to the quintessential Tribeca experience, enveloping buyers with its space and volume.

Exclusive amenities, also designed by Piero Lissoni, include a spacious double-height, 24-hour attended lobby and garden, a luxurious 50-foot indoor pool and spa, a resident’s lounge, fitness center, yoga/barre studio and a children’s playroom. High-end finishes, materials, appliances, and fixtures have been hand-selected and include exclusive design elements by top luxury brands, such as Gaggenau and Boffi.

Construction commenced at 45 Park Place in June 2016 and is expected to be completed in early 2019. The sales office at 74 Leonard Street in Tribeca replicates a full-floor residence at 45 Park Place.

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IRVINE, CA – SARES REGIS Group, headquartered in Irvine, CA, has launched construction on three apartment communities, totaling 348 units, in downtown Long Beach. The Alamitos, 136-units and The Linden, 49-units, have started construction and are on the eastern edge of downtown in the vibrant East Village. The third community, The Pacific, with 163-units, is on the west side of downtown, and is part of the Civic Center master-plot redevelopment.

“We are delighted to provide quality housing to enhance the growing vibrancy of downtown Long Beach,” said Chris Payne, Managing Director of SARES REGIS Group. “Downtown is quick becoming a fantastic place to live, with abundant amenities nearby. Long Beach is undergoing a revitalization of its urban core stimulating new housing demand and we believe this is just the beginning of fantastic times ahead for Long Beach.”

All three communities are adjacent to urban amenities, including restaurants, bars and shopping. Also within walking distance will be the Metro Blue Line, which provides a direct connection to downtown Los Angeles. 

The communities offer striking and unique architecture complimenting each of the neighborhoods.  They also provide stylish interior and exterior amenities including courtyards with active dining and gaming, state-of-the-art fitness centers, rooftop decks, game rooms, bike rooms and pet amenities.  Apartments will offer contemporary finishes with modern kitchen and bath features, washers and dryers, recessed lighting, stainless steel appliances, and USB charging ports. All buildings will be LEED Certified, and are designed by Long Beach based architects Studio One Eleven. 

The Alamitos. Located at 1st Street and Alamitos Avenue, The Alamitos will offer 136 apartment homes plus 2,500 square feet of ground-floor restaurant space, and six floors of apartments. The unit mix will consist of studios, and one- and two-bedroom floorplans, ranging from 660 square feet to 1,620 square feet. Construction started in May 2017 and will be completed in early 2019.

The Linden. The Linden, at 4th Street and Linden Avenue, will provide 49 apartment homes plus 2,500 square feet of ground-floor retail, along with five floors of apartments. The unit mix will be an even split of one and two bedroom apartments, ranging from 700 square feet to 1,570 square feet. Construction will start in June 2017 and will be completed in early 2019.

The Pacific. The Pacific, at 3rd Street and Pacific Avenue, with 163 apartment homes, will have seven levels of apartments. The unit mix will include ground floor townhomes on all street frontages, and studios, one- and two-bedroom apartments.  Ten percent of the units (17) will be reserved for moderate income residents.  Construction will start in July 2017 and will be completed in summer of 2019.

SARES REGIS Group of Irvine, California, is a privately held real estate development, investment and management firm that focuses on commercial properties and multifamily communities in the western U.S.  Since its founding in 1993, SRG has developed and bought more than $7 billion in commercial and residential assets.

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SCOTTSDALE, AZ – Colony Starwood Homes, a leading single-family rental real estate investment trust, announced that it entered into a buy agreement with Waypoint/GI Venture, LLC pursuant to which it will buy a portfolio of 3,106 single-family rental homes that the Company currently manages for approximately $815 million.

The GI Portfolio is located entirely within the Company’s existing markets, including Southern California, Northern California, Chicago, Atlanta, Tampa, Phoenix, Miami and Orlando. As of March 31, 2017, the GI Portfolio was 95.8% occupied.

“This transaction represents another vital growth milestone for Colony Starwood Homes, continuing our focus on increasing scale, enhancing market density and realizing incremental operational efficiencies across our platform,” said Fred Tuomi, the Company’s Chief Executive Officer. “The GI Portfolio Acquisition presents an attractive opportunity for the Company to efficiently convert a large portfolio of homes from managed to wholly owned assets, all within our current market footprint with concentration in the high growth California market.”

Pursuant to the Buy Agreement, the GI Portfolio Acquisition is expected to close in the third quarter of 2017, subject to the satisfaction of various closing conditions.

Colony Starwood Homes is one of the largest publicly traded owners and operators of single-family rental homes in the United States. Colony Starwood Homes buys, renovates, leases, maintains and manages single-family homes in markets that exhibit favorable demographics and long-term economic trends, as well as strengthening demand for rental properties.

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