10,000 sf, Creative OfficeSingle tenant space located in the highly sought-after Hollywood Media District. ABOUT. Our purpose is to help provide a foundation upon which 21 million Canadians build their financial security in retirement. There were a lot of people who could have bought property in 2010 or 2011, Redfearn said. 11 Times Square The deal also included the historic 2,300-seat Million Dollar Theatre, opened by Sid Grauman in 1918, 121 apartment units, 22,000 square feet of office space and a 500-space parking lot. Real estate firm 3D Investments confirmed that it is buying the suburban Las Vegas retail-and-office complex from its Israeli owners. Thats how, at 34 years old, the graduate of the USC Price School of Public Policys Dollinger Master of Real Estate Development program came to acquire one of the most iconic sites in Los Angeles. Please enjoy a few highlights from our portfolio. Utilizing investments from friends and family, he bought it for $1.5 million, renovated it and rented it out. Ive transitioned my focus from being an aggressive acquirer of real estate to settling in over the next couple years and letting the market stabilize interest rates are rising and asking prices exceed values, Daneshgar said. 8 Units, MultifamilyCentral Virgil Village/Silverlake location situated near prime dining and shopping. When I first started acquiring, I didnt necessarily have a passion for distressed real estate in Las Vegas, Daneshgar said. 144 Units, MultifamilyStable asset in high growth submarket. Floor 36 - New York, NY 10036, 2121 Avenue of the Stars Most recently, she managed construction projects for WeWork as an owner-builder, heavily involved with landlords and internal design & real estate teams. Tivoli Village is set to come under new ownership in a $200 million-plus deal, more than a decade after it opened. 317 S Broadway Workers at a Starbucks in the northwest Las Vegas Valley voted to unionize, making it the second Las Vegas location to do so. Banks werent lending. Prior to KCB, Julian was in the Investment Banking division of Wachovia Securities, where he advised restaurant and grocery clients across a variety of transactions including mergers and acquisitions and debt and equity financings. 15 Units, Multifamily1990+ construction, fully renovated. It was a surprisingly extremely competitive process, he said, adding Cushman & Wakefield brokered the sale. Tivoli is around 80 percent occupied, and the sale is expected to close in late March, Property & Building Corp. USA CEO Eli Elefant told the Review-Journal on Monday. At CPP Investments you can be part of one of the worlds largest and fastest growing institutional investors. We specialize in short term loans between 6 to 24 months and up to $10 Million in funding. Just putting a deal together was a skill. Create a free account to access additional details for 3D Investments IV, L.P. and other profiles that you visit. Langdon currently manages over 1 Million SF of diverse retail properties throughout California including neighborhood centers, strip centers and street retail in various demographics. From 2005 through 2007, Daneshgar was a Financial Consultant for CB Richard Ellis in Los Angeles, where he personally underwrote over 40 million square feet of office, retail, industrial, multifamily and mixed-use investment properties across the United States valued at over $4 Billion. But he is happy at the location. The City Council approved rules for up to 15 cannabis lounges that might begin to open in the city beginning this year. He is largely responsible for identifying underperforming assets, underwriting all property types, and handling day to day deal negotiations to acquire new properties. It was more of a means to an end, and it worked out well. By continuing to browse or by clicking I Accept Cookies you agree to the storing of first-party and third-party cookies on your device and consent to the disclosure of your personal information to our third party service providers or advertising partners to optimize your experience, analyze traffic and personalize content. Finance, Teamwork, Customer Service, Management, Series 66, Sales, PowerPoint, Research, Investments Joseph Daneshgar's Email. Daneshgar earned his Master's Degree of Real Estate Development (MRED) from the University of Southern California (USC) with Honors distinction. When you visit our website, it may store information through your browser from specific services, usually in form of cookies. The deal marks the latest chapter for a bubble-era real estate project that debuted after the economy crashed then expanded with a second section and has proven to be a popular spot for diners. Tickets for the exclusive Bellagio Fountain Club spectator area for the Formula One Las Vegas Grand Prix are available for purchase. Paul Ghafoori | CA DRE# 01103747 . For Daneshgar, the timing also was perfect. 3D Investments Beverly Hills, CA (310) 276-1290. Ira Yellin bought Grand Central Market in 1985, seeing it as a centerpiece to downtowns revival. The buyer declined further comment on the sale. "This is bigger than Japantown," Newsom said. For Rent For Sale Auctions. The special events calendar in March is full of concerts, sporting events and conventions that bolster normal seasonal tourism and meeting levels. 6 Number of shopping plazas sold in . This has been a challenging year for many Canadians. In the MRED program, I learned the whole process A to Z, acquiring a piece of land, underwriting it appropriately, going through the entitlement process, the construction, sale, etc. He was awarded with Honorable Mention for Outstanding Performance on the program's final Comprehensive Examination (Thesis). Daneshgar also acquired Las Vegas Grand, a 212-unit apartment complex, for almost $48 million in 2019. Peterson said last year that he no longer held a stake in the condos. The first phase opened in 2011, after the real estate bubble burst and the U.S. economy was mired in one of the worst recessions in decades. His younger brother, Andrew, has been working with him at Langdon, where he oversees new tenant attraction, branding and marketing strategies for Grand Central Market. Together with 3d investors, DSIT continues its European expansion in online distribution. The casino operators logo is now at the top of a new 10-story suburban office building just south of Las Vegas Ballpark. 18,000 sf, Creative Office DevelopmentGround up development of best-in-class creative office space in the Hollywood Media District. Together, we build companies by focusing on innovation, internationalization and organizational development. Duplex on 9,100 sf of landRe-development plans currently in progress. He currently sits on the board of the Melrose Property Owners Association and serves on the steering committee for the Melrose Business Improvement District. The special events calendar in March is full of concerts, sporting events and conventions that bolster normal seasonal tourism and meeting levels. It took until 2011 for him to make his first deal, a 57-unit apartment complex in Las Vegas that was missing part of its roof and had its pool filled in with dirt and landscaping. I had exposure to many aspects of real estate, but development and construction experience were lacking for me, Daneshgar said. But she had seemingly achieved the vision that her late husband originally imagined, and Daneshgar felt that perhaps she would be open to selling to the right buyer, one who would carry on the legacy that she and her late husband had established. 148 Units, MultifamilyClass B value-add asset in strong submarket of West Las Vegas. Ardi Najmabadi, owner of clothing store Vasari, has been a tenant in Tivoli Village since it opened more than a decade ago. NO PHOTO. Web821 N Whittier Dr; Beverly Hills, CA 90210-3041. Chandler earned his bachelors degree from the University of Wisconsin-Madison with a double major in Economics and Chinese with Phi Beta Kappa distinction. Additionally, he manages the construction process from inception to complete renovation. "I sensed there was an understanding of the importance of Japantown to San Francisco as a cultural destination and an incredibly important center for the Japanese community," Newsom said. WebGeorge Daneshgar, Owner 3D Investments, Beverly Hills Coconut Plaza, Kyoto Grand Los Angeles. Like us on Facebook. Christian Redfearn, the Borstein Family Endowed Professor of Real Estate at USC Price, noted how it wasnt quite as easy as Daneshgar makes it sound. 3D Investmentss Joseph Daneshgar rendering at 6527-6535 Wilshire Blvd., Los Angeles (Abramson Architects, Orly 3D INVESTMENTS, LLC Company Number 199722010058 Status Active Incorporation Date 8 August 1997 (over 25 years ago) Company Type Limited Liability An updated proposal to help corporate boards and management develop, and investors assess, transparent and credible plans to achieve net-zero goals and create long-term value. The proposed Angels Landing project across the street alone would add 500 hotel rooms, 400 apartments and 250 condos. There are so many different cultures in Los Angeles that are represented in one location. We are builders and help entrepreneurs make their visions come true. Newsom said in an interview that the Daneshgar family, which owns 3D Investments, was willing to make binding commitments to preserve Japantown's cultural heritage. Thanks to a professionalization track and a successful acquisition, Apart Audio grew from a passion project to an international success story in just a few years time. 3D Investments founder Joseph Daneshgar acquired 209 units in Boca Raton, on Serene Avenue at Las Vegas Boulevard, for $44 million, according to property records and a broker on the deal. IDB and EHB also developed One Queensridge Place, two 18-story condo towers nearby. Suite 2980 - Los Angeles, CA 90067, 262 Harbor Drive Alanna has a Master's degree in Construction Management from Stanford University and Bachelor's degree in Civil Engineering from California State University, Los Angeles. Prior to earning his graduate degrees, Chandler worked as an Acquisitions Analyst and later as Director of Development for Langdon, where he underwrote new acquisition opportunities and oversaw Langdons rapidly growing real estate portfolio, helping it grow in excess of $150 million. The companies and people profiled on Corporation Wiki are displayed for research purposes only and do not imply an endorsement from or for the profiled companies and people. When he entered the MRED program, Daneshgar intended to learn skills that he might bring to his familys real estate company. Frequently, he would trek down the stairs along Angels Flight and cross the street to Grand Central Market to enjoy one of his favorite lunches at an Argentine eatery that specialized in empanadas. That works out to $540 per square foot. "This is about San Francisco maintaining its status as an international city. We find real estate opportunities according to each investors budget, timeframe and investment goals. Our company currently focuses on the U.S. market, taking advantage of extensive investment opportunities spanning a wide range of budgets. At 3D Investments, we specialize in matching the right investment to each investor. For general inquiries, contact us via email or call one of our offices directly. WebDucera is an elite boutique investment bank with offices in New York and Los Angeles who deploy innovative solutions. 3D Investments IV, L.P. filed as a Domestic in the State of California on Tuesday, May 2, 2006 and is approximately seventeen years old, according to public records filed with California Secretary of State. He is a licensed California Real Estate Broker. Questions Post Question There are no questions yet for this company. Southern Nevada tourism is off to a strong start in 2023 after Harry Reid International Airport reported a 39.5 percent increase in passengers in January. He stopped by the Market and couldnt believe how much it had changed, with a slew of new food concepts bringing long lines and a broader demographic. Working on behalf of 21 million Canadians, youll be part of a high-performing, collaborative team that shares a purpose and a commitment to excellence. A judge appointed a receiver to take charge of Boca Raton, but Chase sold the loan, and the receivership ended in 2011, court records show. Utah real estate investor Ron Olthuis, part of the group that sold the units, said Friday that he didnt know specifics of the deal and that partner Kevin Burdette handled it. who relentlessly pursue our clients goals. Like us on Facebook. I wanted her to know that I recognized that, that I appreciated that, and that I intended to keep that value instilled in the market going forward.. With a typical apartment complex, investors buy the whole property and take control of its entire operation. With this in mind, we aspire to work on projects that set precedents, offer unique perspectives to our industry and make our partners proud to be involved. He purchased more than 200 units in Boca Raton, a luxury condo complex south of the Strip, for $44 million in 2018, and his family bought nearly 60 acres of mostly empty real estate just east of the Strip in early 2019 for $130 million. Daneshgar also acquired Las Vegas Grand, a 212-unit apartment complex, for almost $48 million in 2019. Working on behalf of 21 million Canadians, youll be part of a high WebAt CPP Investments you can be part of one of the worlds largest and fastest growing institutional investors. Contact Eli Segall at esegall@reviewjournal.com or 702-383-0342. Our efficient underwriting practices allow us to offer competitive rates and terms and we work with our borrowers to offer a loan structure that suits their needs. Wells Fargo Bank N. A., et al. Here you can change your privacy preferences. Daneshgar completed his MRED degree in 2009, which was a very difficult time in the real estate field amid the recession. 3D Investments IV, L.P. has another company listed as an officer. Together with 3d investors, Plastiflex is taking its business to the next level by conquering the healthcare market with its revolutionary uniformly heated hoses. With a personal connection to each of our projects, we take great pride in achieving the highest and best use of our assets while enhancing our communities. Development had stalled. Langdon Street Capital (Langdon) is currently expanding its development reach and preparing market studies of various neighborhoods with the intention of developing several retail, multi-family, small lot subdivision and mixed use projects. After growing a portfolio in Las Vegas consisting of approximately a thousand units, he began selling the properties and transitioning the proceeds into L.A. properties, focusing on creative office projects in prime locations. Langdon currently oversees over $550 Million in actively placed equity and debt and its extensive capital backing has it positioned to aggressively pursue deals all-cash with smooth and quick closings. The Principal of Langdon Street Capital (Langdon), Adam Daneshgar, has over 15 years of experience in commercial real estate. Olthuis said last year that he was part of the group that bought the loan. Previously, Julian worked at KCB Management, a mid-market private equity firm engaged in both business ventures and real estate, where he was responsible for portfolio support, deal origination and diligence. Langdon continues to grow its asset management portfolio by partnering with experienced and local property managers to provide a unique and progressive approach toward achieving the highest and best use for various commercial assets. Web3D Investments | 86 followers on LinkedIn. I was able to establish myself, build equity with my investors and slowly transition into properties that I was more passionate about.. Still, he compared the complex to a five-star hotel and said the units sold for much less than it would cost to build them. 56 Units, MultifamilyMajor renovations, great visibility. In 2009, 3d started its own project development initiative under the name 3d real estate. Japantown is critical in that. The essence doesnt need to be changed. On June 23rd John Graham, President and CEO, appeared in front of the Canadian Club* audience to update Canadians on CPP Investments and its solid performance amid uncertain market conditions. An affiliate of the firm paid $30 million for one of Honolulu's tallest buildings, the 24-story Waikiki Trade Center, the Honolulu Advertiser reported last month. 3D Investments, a family-owned firm led by Joseph Daneshgar, has owned and operated retail centers, regional malls, apartment complexes, office buildings and view investment play until 2019 Audioprof Group International Web3d investors is a family business with 25 years of experience in long-term investments and property development. Los Angeles, CA 90013 Yes, there are economic headwinds and those headwinds will create opportunities for CPP Investments patient, long-term approach. 225 Units, MultifamilyPremier product in prime submarket. According to his office, he was traveling on vacation. Our company currently focuses Grand Central Market represents a connection to the roots of L.A., Daneshgar said. Workers at a Starbucks in the northwest Las Vegas Valley voted to unionize, making it the second Las Vegas location to do so. Langdon anticipates the completion of over 25 small lot subdivisions by 2018, and continues to aggressively seek appropriately zoned single family lots to expand its small lot subdivision development portfolio. Director of Acquisitions and Asset Management (West Coast), 9777 Wilshire Blvd, Suite 811Beverly Hills, CA 90212O: (310) 975-7067, Grand Central Market Japantown leaders have been apprehensive about the future of the properties, which have been owned for four decades by Kintetsu Enterprises of America, headquartered in Osaka, Japan. Daneshgar could not be reached for comment Friday. In 2016, Weili Dai and Sehat Sutardja, the ousted founders of Silicon Valley semiconductor company Marvell Technology Group, bought around 240 condos in Loft 5 for $51.5 million. ADDITIONAL LINKS Post Question For This Company Langdon has joint-ventured with an experienced developer in Los Angeles and is currently in the entitlement stages of multiple small lot subdivision developments in a prestigious Los Angeles neighborhood on the edge of West Hollywood. Copyright 2019 Las Vegas Review-Journal, Inc. | Privacy Policy | Terms of Service, Tivoli Village on Monday, Jan. 10, 2022, in Las Vegas. He was selling property that would provide him with a portion of the capital required to purchase the asset, and anticipated shifts in the real estate market had him ready to focus his attention on a big project. This case was filed in Los Angeles County Superior CourtsStanley Mosk Courthouse, with Irving Feffer presiding. Langdon Street Capital (Langdon) is a Los Angeles based Real Estate investment firm specializing in the acquisition of value-add assets and performing/non-performing debt instruments. filed a General Commercial- Commercial case against 3D Investments represented by Christensen White Miller Fink Jacobsin the jurisdiction of Los Angeles County, CA. 28,000 sf, Creative Office2000+ construction with subterranean parking, open floor plans and high ceilings. Koen Claerbout, CEO Audioprof Group International. Following growth in January and February, Las Vegas gaming industry analysts say some estimates for gross gaming revenue and cash flow are conservative. 0 RESULTS. The identity of the potential buyer was revealed this week after 3D Investments representatives, including Faraz Daneshgar, met with Newsom, Japantown community representatives and Supervisor Ross Mirkarimi, whose district includes Japantown. You have read and agreed to our privacy policy, By checking here, you are subscribing to receive our newsletters and other similar types of insights and reports by email, and permit CPP Investments to use cookies and similar technologies to analyze your interactions with our emails. Langdon also oversees the asset management of over 1,000 multifamily units throughout Southern California and Nevada, a portfolio that predominantly includes properties that Langdon has completely rehabilitated and stabilized, maximizing potential profitability and value. , Teamwork, Customer Service, Management, Series 3d investments daneshgar, Sales, PowerPoint Research! $ 540 per square foot Email or call one of our offices directly it is buying the Las... 3D started its own project development initiative under the name 3D real estate opportunities according to his,! Is to help provide a foundation upon which 21 million Canadians build their financial in. 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Multifamilystable asset in strong submarket of West Las Vegas, Daneshgar said tourism and meeting levels that you visit field! Since it opened and meeting levels in March is full of concerts, events...