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.

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.


July 23, 2019

Published by: Rodeo Realty

BEVERLY HILLS, Calif (July 23, 2019)-Zachary Vella, company Founder and Principal of The Vella Group recently closed on 650-700 PCH. Part of extended negotiations, the bidding process was fierce. About 160 potential buyers showed interest and 60 toured the site.


July 19, 2019

Published by: Rebusiness Online

EL SEGUNDO, CALIF. — New York-based Vella Group has purchased a two-building office campus, located at 650 and 700 Pacific Coast Highway in El Segundo. A private family tenant-in-common sold the asset for $50.8 million.


July 19, 2019

Published by: The Real Deal / El Segundo

An investment firm that just purchased a soonto-be vacant El Segundo office campus could be looking at the move as a development opportunity in a fastrising city. New York-based Vella Group paid $51 million for the 200,000-square-foot office campus, according to the Los Angeles Business Journal.

El Segundo continues to gain a foothold as a preferred location for both young professionals and executives and is located in close proximity to the desirable beach cities of Manhattan, Hermosa and Redondo as well as the Palos Verdes peninsula. The Beach Cities Media Campus is located on Rosecrans Avenue in El Segundo, one of the most in-demand creative office, restaurant and retail nodes in the South Bay of Los Angeles – and minutes from Los Angeles International Airport (LAX) and five miles from the soon to open SoFi Stadium, a 298-acre world class sports and entertainment destination. The Media Campus represents the western border of Continental Park, Continental’s three million square foot, 86-acre office and mixed-use campus, which is home to several Fortune 500 and emerging office tenants.


July 18, 2019

Published by: Commercial Observer

New York City’s Vella Group is paying $50.8 million for an office campus in El Segundo, Calif., occupied by Boeing, according to an announcement from the deal’s brokers today.

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The pair of office buildings, at 650 and 700 Pacific Coast Highway, total just more than 200,000 square feet and stand immediately south of Los Angeles International Airport (LAX).

Newmark Knight Frank and CBRE represented the seller, a private family trust, in the sale. NKF’s Kevin Shannon, Ken White and Michael Moore worked on the deal, along with CBRE’s Bill Bloodgood.

Boeing has the office space leased until 2020, after which Vella plans a renovation to attract creative-industry tenants.


July 18, 2019

Published by: Los Angeles Business Journal

A 200,000-square-foot campus in El Segundo sold for $50.8 million, brokerages Newmark Knight Frank and CBRE Group Inc. announced July 18.

The two-building campus at 650 and 700 Pacific Coast Highway is leased to Boeing until the end of 2020.

NKF’s Kevin Shannon, Ken White, Michael Moore and CBRE’s Bill Bloodgood represented the seller, a private family tenant-in-common. The buyer was New York-based Vella Group. The company was self-represented.

“This property has excellent street identity along PCH, an ideal location within the heart of the El Segundo market. That combined with the tremendous tenant momentum in El Segundo created an extremely desirable and competitive investment opportunity,” Shannon said in a statement.


July 18, 2019

Published by: Newmark

Newmark and CBRE announced today the $50.8 million sale of a two-building 200,220-square-foot office campus in Los Angeles’ El Segundo submarket. Located at 650 and 700 Pacific Coast Highway (PCH), Boeing leases the property in its entirety through the end of 2020.

Newmark’s Co-Head of U.S. Capital Markets Kevin Shannon, Executive Managing Director Ken White and Senior Managing Director Michael Moore, along with Bill Bloodgood of CBRE, represented the seller, a private family TIC (Tenant-in-Common). The buyer, New York-based Vella Group, was represented by Antony Arkel of Rodeo Realty.

“This property has excellent street identity along PCH, an ideal location within the heart of the El Segundo market. That combined with the tremendous tenant momentum in El Segundo created an extremely desirable and competitive investment opportunity,” said Shannon.a>


July 8, 2019

Published by: Urbanize Los Angeles

A year after announcing plans to relocate to Hawthorne, the new headquarters of Amazon subsidiary Ring is taking shape at 12515 Cerise Avenue. The maker of video doorbells, which Amazon reportedly purchased for $1 billion, will have 250 employees in the 62,000-square-foot facility – a former warehouse. Architecture firm M-Rad is designing the space, which will include a gland atrium with clearance for 30-foot-tall trees.