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.

February 8, 2021

Published by: Urbanize LA

A pair of mid-century office buildings on Pacific Coast Highway in El Segundo is poised for a makeover.

The roughly 200,000-square-foot complex, located at 650-700 Pacific Coast Highway, was purchased by estate investment firm Vella Group in 2019 for the reported sum of $50.8 million. Aerospace giant Boeing occupied both buildings until the end of 2020.

Vella Group’s plans, according to an initial study published by the City of El Segundo, call for redeveloping a surface parking lot at the rear of the 7.3-acre property with a new seven-story, 122,000-square-foot building featuring nearly 71,000 square feet of office space and an attached 1,185-car parking garage.


January 17, 2021

Published by: BISNOW

El Segundo has long been an office hub but has most recently attracted developers looking to deliver creative office space. In 2019, Vella Group purchased a building previously owned by Boeing for $51M with plans to convert it into creative offices.

Frank Gehry is designing an 80K SF, ground-up office space in El Segundo that is made to mimic the high, airy ceilings and industrial chic of a former warehouse.


January 8, 2021

Published by: Urbanize LA

In Hawthorne, the new headquarters of Amazon subsidiary Ring continues to take shape.

The company, which makes home security products and video doorbells, is relocating from Santa Monica to a new campus that is being built by New York-based real estate investment firm Vella Group at 12515 Cerise Avenue. The project includes the renovation of two 18,000-square-foot warehouses, which have been connected through the construction of a new two-story atrium.


September 12, 2020

Published by: Screen Rant

He’s been a recurring face on Million Dollar Listing: Los Angeles since its debut back in 2006, so here’s everything to know about developer Zach Vella. After all, real estate in California is just as much about the builders as it is the brokers and sellers.


August 11, 2020

Published by: Heavy

James Harris and David Parnes are partnering with a client that longtime fans of the Million Dollar Listing franchise will recognize instantly in this week’s episode: acclaimed developer Zach Vella. Parnes and Harris sign on to sell Vella’s stunning Sunset View property in the Hollywood Hills.


February 10, 2020

Published by: Urbanize LA

Seven months after we last dropped by, construction continues at the new Hawthorne headquarters of Ring, a maker of video doorbells and a subsidiary of Amazon. The new campus, located at 12515 Cerise Avenue, repurpose existing buildings and adds a two-story steel-frame building to create approximately 62,000 square feet of offices.


January 10, 2020

Published by: Los Angeles Business Journal

Zach Vella sees an opening, and he’s going for it.

The principal of New York-based Vella Group is shifting his real estate investment buying focus to the hot Los Angeles market where, he says, big New York firms now largely fear to tread.

New York’s institutional investors are so risk averse these days, according to Vella, that they’re locked in on the Big Apple just to avoid L.A.’s long approval process.

As Vella sees it, that’s driving up competition in New York and creating opportunities in L.A. for more adventurous players.


November 15, 2019

Published by: Shelter Island Reporter

Where do dreams go to die? For one man, it might be a hillside overlooking Crescent Beach and the bay. Zach Vella, who purchased Herrmann’s Castle, the startling, otherworldly residence near the Pridwin that was demolished two years ago, has decided to sell the property. The asking price is $4 million, according to the Corcoran Group’s listing on its website.


August 7, 2019

Published by: City of El Segundo

The Vella Group and London & Regional have purchased a 200,000-square-foot property on Pacific Coast Highway in El Segundo and are “actively exploring possibilities” to redevelop the site with creative offices, says the Vella Group company’s founder Zachary Vella.


July 29, 2019

Published by: Curbed / Los Angeles

The Vella Group and London & Regional have purchased a 200,000-square-foot property on Pacific Coast Highway in El Segundo and are “actively exploring possibilities” to redevelop the site with creative offices, says the Vella Group company’s founder Zachary Vella.

The two paid $50.8 million for the property at 650-700 Pacific Coast Highway, which includes an eight-story office building, a two-story building, and a large parking lot, according to real estate agent Antony Arkel, of Rodeo Realty, who represented the Vella Group.

The offices are in use by Boeing now, but the company was reportedly planning to vacate the building at the end of the year, when its lease runs out.