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California People and Company News for Nov. 3, 2023
- Austin Maddux has joined Foundry Commercial as executive managing director of investment management, based in Los Angeles. In this role, he will lead and grow the firm’s investment management platform for institutional and accredited individual investors. He brings more than 15 years of experience to this new role. Before joining Foundry, he was a managing director, co-portfolio manager at American Realty Advisors focused on ARA’s largest commingled fund.
- BNBuilders hired Erik Kolstoe, LEED AP as senior project executive in its Bay Area office. Kolstoe brings more than 30 years’ experience in construction, specializing in life science and cGMP facilities.
- Mercy Housing California promoted Rich Ciraulo to regional director of real estate development for the Greater Sacramento Region. Ciraulo has been developing affordable housing with Mercy Housing for 25 years, most recently as associate director of real estate development. He has led many developments in the region, including the Lohse Apartments, a family community in Roseville, and 7th and H, a permanent supportive community in downtown Sacramento.
- Lowney Architecture, a multidisciplinary architecture and master planning firm, has opened a new Los Angeles office and expanded its team. The firm has four primary practice areas: industrial, retail, hospitality and housing, with a focus on affordable housing. Located in the Bradbury Building downtown, Lowney’s Los Angeles office is the firm’s third location and home to recent additions Alexandria Hoevel, Dale Furman, Xuan Guo and Emily LoVerde.
- Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, has launched its annual Movember fundraising campaign. This year marks the 13th consecutive year that Hanley Investment Group has joined the global movement to raise awareness and critical funds for prostate cancer, testicular cancer, mental health and suicide prevention. Since initiating the campaign in 2011, Hanley Investment Group has raised $334,400.
- McCourt Partners, headquartered in Los Angeles, has made a $1-million commitment to its newly-formed Complete Communities fund. Awarded through grants and contributions to local organizations, Complete Communities invests in programs that make a meaningful impact to a neighborhood’s economic, social and environmental well-being.
- Freedom West Homes Corporation, a nonprofit limited equity housing co-operative in the Fillmore District of San Francisco, has received $27 million in funding commitments to-date to catalyze its revitalization providing low-income families of color with housing stability and the preservation of multi-generational wealth transfer of co-op housing ownership.
- Linc Housing and National CORE, nonprofit developers of affordable and supportive housing, joined dignitaries from the City of Los Angeles, community leaders and new residents to celebrate the completion of 456 West, a 91-home apartment community in San Pedro for families and individuals earning between 30% and 80% of the area median income. The all-new development received more than 4,300 pre-applications, demonstrating the high need for affordable housing.
- Yardi has released Yardi Virtuoso, a multifaceted platform intended to shape the future of artificial intelligence (AI) in real estate. The company says Virtuoso delivers automation technology across a variety of applications to expedite workflows, increase efficiency and augment teams for improved performance and better net operating income.
- BLT Enterprises, a multi-faceted real estate investment company, has completed the $1-million renovation of BLT Studios, its wholly-owned and operated film studio and soundstage property in Hollywood. The renovations included interior, exterior, and HVAC upgrades to improve the functionality and aesthetics of the studio spaces for BLT Studios clients.
- Snappt, the leader in document fraud detection for residential apartment property managers, has launched Snappt Identity Verification to verify prospective tenants. This new offering is now a part of Snappt Pro, the company’s all-in-one solution for fraud detection and identity verification.
- ◦People
