VG News

Media coverage, press relations, on-going real estate development activity by the company, and issues of importance to the communities we partner with through our work, is given voice in this NEWS section.

September 14, 2021

Published by: Benzinga

NEW YORK, Sept. 13, 2021 (GLOBE NEWSWIRE) — Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced it has provided a $79.1 million loan to Vella Group, a Los Angeles-based national development firm focused on creative spaces, hotels, and high-end retail shops, collateralized by four light industrial and flexible office properties and one undeveloped site in Hawthorne and Carson, California.


September 14, 2021

Published by: Commercial Observer

The properties and the undeveloped parcel are all located in Hawthorne and Carson, Calif., within the Los Angeles metropolitan area. The four developed assets comprise a combined 206,333 rentable square feet and are currently 95 percent leased out, according to MRC.

The one asset in Carson — a neighborhood straddled by Compton to the north and Long Beach to the south — is a light industrial site at 1010 Sandhill Avenue that is completely leased out to energy infrastructure firm Chanje Energy.

The three other built properties are in Hawthorne. There is 12536 Chadron Avenue, a light industrial and flex property that’s occupied by Venturi Astrolab, an aerospace engineering and manufacturing firm and division of Venturi Automobiles; 13100 Yukon Avenue, a flex industrial property that is currently leased to a Nerd Street Gamers esports training center, aerospace wireless laser communications manufacturer Mynaric Inc., and sustainable mens and womens clothing brand For Days; and 13040 Cerise Avenue, a one-story complex that is leased out to a mix of artists and musicians, according to MRC.

Vella Group’s development site at 13007 Yukon Avenue in Hawthorne was the last piece of the portfolio, and it will eventually host a roughly 50,000-square-foot light industrial space, according to MRC. The firm is aiming at completing the property in the latter half of 2023.


September 13, 2021

Published by: KULR-TV

NEW YORK, Sept. 13, 2021 (GLOBE NEWSWIRE) — Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced it has provided a $79.1 million loan to Vella Group, a Los Angeles-based national development firm focused on creative spaces, hotels, and high-end retail shops, collateralized by four light industrial and flexible office properties and one undeveloped site in Hawthorne and Carson, California. The loan will be used to refinance the portfolio, pay closing costs, fund leasing costs, and begin construction of the development site.


August 17, 2021

Published by: Florida Catholic / Miami Archdiocese

Church joins public school partners to open community computer lab in Little Haiti’s Magic City Innovation District.

Returning to the community where he once served as a parish priest, Archbishop Thomas Wenski recently blessed a new community computer lab and technology program at Notre Dame d’Haiti Mission.

Adult and youth computer literacy training will join language literacy programming at the church at a time when developers are hoping to create their Magic City Innovation District in Little Haiti, a future office facility and residential space to support technology and investment jobs moving into the region.


August 15, 2021

Published by: Newsbreak

Zach Vella puts Amazon’s Ring HQ in Hawthorne up for sale. The Hawthorne headquarters of Amazon’s home security arm Ring is hitting the market. Developer Zach Vella is selling the 62,000-square-foot office property at 12515 Cerise Ave., which is fully leased to Ring for 10 years, according to marketing materials seen by The Real Deal.


August 14, 2021

Published by: The Real Deal / Los Angeles

The Hawthorne headquarters of Amazon’s home security arm Ring is hitting the market.

Developer Zach Vella is selling the 62,000-square-foot office property at 12515 Cerise Ave., which is fully leased to Ring for 10 years, according to marketing materials seen by The Real Deal.


May 24, 2021

Published by: BISNOW

When meat substitute company Beyond Meat signed a 12-year lease for 281K SF at Hackman Capital Partners’ 888 Douglas in January, it drew attention as the biggest LA-area deal since the beginning of the coronavirus pandemic. This month, L’Oréal USA signed on to open a second headquarters in over 100K SF at the same development.

Vella Group principal Zach Vella said his company, in partnership with London & Regional Properties Ltd., is moving forward with a project that will transform a property previously occupied by Boeing on Pacific Coast Highway into approximately 400K SF of Class-A creative office space.


April 6, 2021

Published by: Miami Today

The developers behind Miami’s Magic City Innovation District have submitted a proposal to partner with Miami-Dade County to build a station in Little Haiti along the planned Northeast Corridor commuter route between Government Center and Aventura.


March 3, 2021

Published by: Yahoo! News

Millions of dollars are being poured into Miami’s Little Haiti neighborhood tonight. The idea is this is just the start of an investment to protect and help the neighborhood full of culture thrive for years to come. CBS 4’s Keith Jones has more.


February 27, 2021

Published by: South Florida Business Journal

Miami’s historically Black neighborhoods, including Little Haiti and Overtown, have largely been left out of the tourism boom for most of the city’s history. But in recent years, community leaders have made a concerted effort to change this.

Connie Kinnard, VP of multicultural tourism and development at the Greater Miami Convention & Visitors Bureau, said the process of building these communities up for tourism began in 2014 when the department was founded. She took charge of the department in June 2015, and the first order of business became identifying which businesses and potential tourist attractions in these neighborhoods could be the biggest immediate tourist draws.