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.

June 28, 2019

Published by: The Real Deal / Miami

It took five public hearings in front of the Miami City Commission, each lasting several hours and featuring vociferous opposition, but the developers of the Magic City Innovation District finally got approval for their $1 billion mixed-use project in Little Haiti. At about 1 a.m. on Friday morning, the commission approved Magic City’s special area plan 3-0 on second reading during another heated discussion that began late Thursday night.


May 15, 2019

Published by: El Segundo Business

The Vella Group completed its $8.2 million purchase of the Lairport Street property this week. Also included in the sale is a 25 foot wide railroad spur on the western border of the property line.


March 27, 2019

Published by: Miami Herald

Robert Zangrillo, the CEO of the Miami-based investment firm Dragon Global and one of the main investors in the Magic City Innovation District in Little Haiti, is stepping away from the project to tend to his legal woes.

Dragon Global’s investment in the Magic City project — which constitutes 35 percent of the development’s overall $1 billion budget — will be managed by another representative of the company.


August 24, 2018

Published by: Haute Living

Gwyneth Paltrow will soon have a new place to hang her hat on the Sunset Strip. Her project The Arts Club, a posh members-only society in London, was just given the green light by West Hollywood. This will make Los Angeles the first stateside edition for the club, not to mention only its second location worldwide. It’s worth mentioning that the high-profile address is just a stone’s throw from Soho House West Hollywood, another private club that was founded in London and has 20 clubs worldwide.


July 26, 2018

Published by: Urbanize Los Angeles

Two years ago, plans were announced to construct a mixed-use development incorporating Barney’s Beanery in West Hollywood. Now, the owners of Barney’s, Laurel Hardware, and Ysabel have teamed with the New York-based Vella Group to produce an updated vision for the project at 8445 Santa Monica Boulevard.


July 25, 2018

Published by: WEHOville

A hotel and restaurant project proposed for 8447 Santa Monica Blvd., the site of Barney’s Beanery, has undergone significant changes under a new architect. The project design was presented at a neighborhood meeting last night at the Palihouse hotel at 8465 Holloway Drive at Hacienda Place. It once was proposed as a hotel with 113 rooms with a below-grade live music space and recording studio.


June 8, 2018

Published by: The Real Deal / Los Angeles

A West Hollywood intersection is going from porn to posh.

A joint venture of U.K.-based London & Regional Properties and VE Equities are set to raze a Hustler’s adult store on Sunset Boulevard and replace it with a nine-story building anchored by the only U.S. branch of the prestigious Arts Club, a private institution founded in the mid-19th century by Charles Dickens and friends.


June 7, 2018

Published by: The Real Deal / Los Angeles

A New York-based T-shirt company with a vision for sustainability is setting up shop in Hawthorne.

For Days, which bills itself as an environmentally conscious fashion firm, signed a five-year lease to occupy 17,000 square feet at a new office conversion project, The Real Deal has learned.

Vella Group, a real estate firm with properties in New York and Los Angeles, is developing the 50,000-square-foot property. It’s straddled between two breweries, at 12824 Cerise Avenue.

Brad McCoy of Lee & Associates brokered the deal.

The newly launched fashion company, led by co-founder and CEO Kristy Caylor, is based on a membership model where customers can choose from a plan to get three, six or 10 new shirts for $12, $24 or $36 a month, respectively. Once a shirt is no longer wearable customers can send them back and exchange them for new ones.


May 17, 2018

Published by: BisNow

M-Rad architecture is designing Ring’s new headquarters in Hawthorne.

Newly acquired by Amazon for $1B, doorbell security startup Ring will leave its Santa Monica headquarters for a new home in Hawthorne in the South Bay. Vella Group is developing the two-story 62K SF creative office property at 12515 Cerise Ave.


May 8, 2018

Published by: Daily Breeze

A pair of warehouses in Hawthorne will become the future headquarters of Ring, the home security startup recently purchased by Amazon. The 6-year-old tech company, bought by Amazon for a reported $1 billion, shared details this week of its plans to relocate from Santa Monica. The company provides wifi-enabled video doorbells and other smart home security systems.