LOS ANGELES, CA – The Richman Group of California, an innovator in multifamily development, and Richman Property Services, a national leader in multifamily management, in partnership with Brilliant Corners, a leading supportive housing developer and services provider in California, celebrated the grand opening of Las Palmas Apartments, a new supportive housing community in the Wilmington neighborhood of Los Angeles. The development is financed in part by HHH Challenge funds from the Los Angeles Housing Department and California Department of Housing and Community Development No Place Like Home funding, administered by the Los Angeles County Development Authority (LACDA) and the Los Angeles County Department of Mental Health.
Designed by award-winning architecture firm KFA, Las Palmas Apartments successfully reuses unique architectural features of the original structure — a vacant single-tale grocery store — and blends them with a new four-tale residential wing. The 54-unit adaptive reuse project will provide 53 units of permanent supportive housing for people who have experienced homelessness, as well as an onsite manager’s unit.
The grand opening featured a proclamation from Los Angeles County Fourth District Supervisor, Janice Hahn, who represents the Wilmington neighborhood, remarks from Carrie Esparza, Mental Health Program Manager IV for the Los Angeles County Department of Mental Health, and the presentation of a certificate by Lynn Katano, Director of the Housing Investment and Finance Division for the Los Angeles County Development Authority (LACDA). The event also provided an opportunity for attendees to tour the site and write welcome cards for new residents.
“The development of Las Palmas was an intensive, collaborative effort, and we’re so proud of the work from our team, our development partners, and municipal leaders to see this essential community to the end line,” said Rick Westberg, Executive Vice President at The Richman Group – co-developer, co-owners and on-site property manager for Las Palmas. “The redevelopment of this site required the cooperation and support of numerous organizations, city departments and offices, but the results speak for themselves and represent an vital step toward addressing the local affordable and supportive housing need.”
Las Palmas is the first development partnership between The Richman Group and Brilliant Corners.
“The opening of Las Palmas Apartments marks a significant milestone for Brilliant Corners, representing our first multifamily permanent supportive housing development in LA County,” said William F. Pickel, Chief Executive Officer at Brilliant Corners. “Through adaptive reuse projects like Las Palmas, we are utilizing the existing built environment to provide much-needed housing and supportive services to our new residents. We are immensely grateful to our partners and everyone who made this project possible.”
Located at 1355 N. Avalon Blvd., Las Palmas features fully furnished homes with a mix of 37 studio apartments, 16 one-bedroom homes and a two-bedroom manager’s unit. The property includes a central open-air courtyard, community room, bike storage room, laundry facility and resident services rooms. All utilities are included. Residents will receive onsite case management services from Brilliant Corners.
“For dozens of people who have reached the end of their ropes and find themselves living on our streets, this place is going to be that lifeline they so desperately need,” said Los Angeles County Fourth District Supervisor, Janice Hahn. “These 53 gorgeous apartments and the welcoming environment that I know everyone here will provide is a far weep from where these residents are coming from. Here they’ll know they’re safe and, most importantly, cared about.”
Connectivity is uncompromised at Las Palmas. The location also puts residents in close proximity to LA DASH bus routes and other public transit options for simple access to downtown LA and the metro region.
“The LACDA is honored to be part of the team that contributed to the creation of 53 fully furnished housing units for individuals who have experienced homelessness,” said Emilio Salas, LACDA Executive Director. “Once a vacant, single-tale grocery store, Las Palmas Apartments now offers gorgeous housing with access to transportation to help its residents manage their everyday needs.”
“The Los Angeles County Department of Mental Health is dedicated to supporting every person’s journey of recovery and wellbeing,” said Dr. Lisa H. Wong, Director of the Los Angeles County Department of Mental Health (LACDMH). “Our investment in Las Palmas demonstrates our commitment to ensuring each individual in our care has a place they can call their own, and a community to call home while they start new chapters of their lives with renewed hope and support.”

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FRESNO, TX – Ascendant Development, a luxury apartment and student housing developer, investor, and general contractor, announced the completion of Preserve at Hwy 6, a new build-to-rent (BTR) community located at 11923 Hwy 6 in Fresno, TX, near Missouri City.
“Preserve at Hwy 6 showcases Ascendant’s strategy of delivering luxury living tailored to the specific needs of the submarkets we serve,” said David Kulkarni, principal of Ascendant Development. “This development offers a single-family home experience with close proximity to premier retail and dining in Sienna Plantation and Missouri City, plus a convenient commute to the Texas Medical Center.”
The Preserve at Hwy 6 community consists of 320 one-tale, detached single-family homes, designed by EDI International. Homes range from 668 to 1,255 square feet and include luxury vinyl plank flooring, energy-efficient LED lighting, granite countertops, kitchen backsplashes, undermount sinks, and stainless-steel appliances.
Community amenities feature property-wide Wi-Fi, a gourmet kitchen, detached garages, an indoor/outdoor fitness center with a yoga/spin room, a game room, a clubroom, an immersive lobby, a central park, pickleball courts, and a resort-style saltwater pool.

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BERKELEY, CA – Canyon Partners Real Estate, The Martin Group, and Valiance Capital announced the formation of a joint venture to develop a new Class-A student housing community near the University of California at Berkeley campus, with construction scheduled to start immediately and completion anticipated prior to the start of the 2026-2027 academic year. The joint venture simultaneously closed on a senior construction loan from Kennedy Wilson.
The Valiant will be an eight-tale, purpose-built student housing community with 83 apartment units, 262 beds, and 1,461 square feet of retail space, designed to be amongst the best in its class within the Berkeley market. The Project is optimally located on Durant Avenue between Telegraph Avenue and Bowditch Street, one block from the main entrance to UC Berkeley’s campus. It will feature numerous curated amenities including a spacious common area study lobby, fitness center, a rooftop deck lounge with panoramic views, various gathering spaces, private study lounges, high-speed Wi-Fi, and secured bike stations.
“With its prime location, sustainable design, and experienced development team, we’re pleased to announce this exciting project in partnership with Valiance Capital and look forward to partnering with Canyon and the team at Kennedy Wilson on another student housing project,” said Stephen Siri at The Martin Group. “The Valiant will provide UC Berkeley students with much-needed housing in time for the 2026 school year, and it is well-positioned to contribute to the economic growth of local retail and dining businesses alike.”
Located in the heart of the highly desirable Southside neighborhood of Berkeley, The Valiant is walking distance to a number of local restaurants, bars, and neighborhood amenities well loved among the UC Berkeley student body. The Project is also located within a 15-minute walk to the Downtown Berkeley BART station, providing connectivity to other key nodes throughout the Bay Area.
“With 15 years of local market expertise as one of the largest owner operators in the Berkeley student submarket, we are excited to build The Valiant to be the ideal student housing option in a highly specialized and high-barriers-to-entry market,” said Nhan Nguyen Leat Valiance Capital. “In partnering with a best-in-class institutional team between The Martin Group, Canyon, and Kennedy Wilson, we look forward to delivering a premier private student housing development to serve the UC Berkeley community.”
Canyon has been an active provider of debt and equity in California and continues to invest in real estate projects in primary and secondary markets across the United States. Since its inception, Canyon has invested $2.9 billion in debt and equity to capitalize $6.9 billion of total projects across all asset types in the state of California.

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