prnewswire | October 01, 2020
LMC, a wholly owned subsidiary of Lennar Corporation and a leader in apartment development and management, today announced the start of preleasing at Odin, a contemporary mixed-use apartment community in the increasingly popular Northeast neighborhood of Minneapolis. Odin, which features 335 apartment homes and nearly 8,000 square feet of retail space, includes a 12-story high-rise and five-story midrise building in a highly walkable and bikeable downtown locale. The community is equipped with work-from-home spaces as part of plush array of common-area amenities, including a flexible lounge to cater to the ever-prominent remote worker. Odin offers virtual leasing options and will welcome its first residents in the fall.
Arden Group | February 02, 2022
Arden Group (Arden), in partnership with Vesta Realty Partners, LLC (Vesta), announced it has acquired the Younique headquarters building, a 125,000-square-foot, five story, trophy quality office building located at 3400 West Mayflower Ave, in Lehi, Utah. The property, strategically located in the vibrant Silicon Slopes market of Salt Lake City, is 100% leased to Younique, a health and wellness direct sales firm, through 2026.
This transaction represents the fourth Salt Lake City office transaction for Arden and Vesta over the last year as well as the fifth office property acquisition in Silicon Slopes, Utah's high-demand tech corridor. Previous trophy office acquisitions for the firm include the purchase of the Divvy and Dealertrack two-building portfolio in Draper, UT as well as the purchase of the Solutionreach office building and the Entrata headquarters, both in Lehi, UT.
The asset was first developed in 2016 by Stack Real Estate, one of Utah's most prominent real estate developers, and was built as a fully amenitized corporate campus and showcase property for Younique. The well-located development sits on a 7.19-acre site and is one of the most visible buildings on the popular I-15 interchange. The property is nearby the FrontRunner high-speed train which offers 90-mile coverage from Ogden to Provo and is walkable to an abundance of dining.
Arden continues to demonstrate its belief in Salt Lake City and the Silicon Slopes technology corridor through our numerous trophy office acquisitions, With its best-in-class design, top amenities, and high visibility, the fully leased Younique corporate headquarters is a perfect addition to our growing regional portfolio, and we're pleased to announce this latest purchase."
Craig A. Spencer, Chairman and CEO of Arden Group.
Investor and tenant demand in Utah's Silicon Slopes have remained resilient over the past 24 months, We are continuing to experience new capital sources seeking exposure to the market while local and out-of-state tenant demand is ramping up to pre-COVID levels."
Jeff Grasso, Founder and Managing Partner of Vesta Realty Partners.
The Younique headquarters building features a best-in-class design with high-end two-story lobbies as well as floor-to-ceiling glass throughout. Built to LEED Silver standards, the building includes open floor plans with an average floor plate size of 25,000 square feet.
The property includes an abundance of Class-A amenities, including a full-size commercial kitchen, cafeteria and lounge, outdoor seating, an auditorium, five balconies with seating, a full-service salon and an R&D Lab.
About Arden Group
Arden Group is a vertically integrated real estate investment management firm focused on equity and debt investments in the top 25 US MSA's. Founded in 1989, Arden has acquired over $6.4 billion of properties and asset managed in excess of $11.8 billion of commercial real estate assets since inception. In 2012, Arden Group established Arden Fund Management, its real estate equity and debt fund management business with offices in Philadelphia, New York, Tampa, Miami, Minneapolis, and Newport Beach. Arden Group has been consistently ranked globally as a top performing Private Fund Manager by both Cambridge Associates and Preqin including Preqin's #1 global ranking in 2017, 2018 and 2019.
About Vesta Realty Partners
Vesta Realty Partners is an institutional sponsor focused on real estate investing outperformance through a macro driven value-oriented approach coupled with hands on business plan execution. The firm focuses on undervalued office, life science, industrial, residential, and opportunity zone investing with offices in New York City and Salt Lake City. The firm was founded in 2020 by Jeff Grasso and currently manages a portfolio of more than $750 million of real estate assets and developments.
World Series of Golf, Inc. | October 13, 2021
World Series of Golf, Inc. (USOTC: WSGF) ("WSGF") confirmed the company will publish a management overview tomorrow (Wednesday, October 13th, 2021), on the initiative now underway for several months to accelerate revenue growth and add assets to the balance sheet.
The initiative includes planned acquisitions, adding new lines of business to complement the current short-term rental purchase finance business, and a groundbreaking cryptocurrency strategy to be integrated into the company's coming Vaycaychella App version 2.0. WSGF operates a short-term vacation rental fintech company facilitating real estate investment and purchase financing.
WSGF acquired a business called Vaycaychella last year and made Vaycaychella its primary business focus. A corresponding corporate name change is underway. Vaycaychella serves entrepreneurs looking to acquire and operate short-term vacation rental properties and businesses, and investors looking to make investments in short-term vacation rental properties and businesses.
WSGF, through its operating subsidiary, Vacycaychella, earlier this year launched a Peer To Peer (P2P) Short Term Rental Property Purchase Application targeting the $87 billion vacation rental market.