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Urban One - New Acquisitions Hire
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Dear Friends, Family, Colleagues,

After more than five years of being in business, we finally decided to send out our first email! Urban One is a boutique Los Angeles based real estate development firm with two unique ventures. The first being Fee Development and Consulting, where we specialize in the management of complex urban development projects on behalf of public and private clients in areas of real estate, infrastructure and transit. The second being Acquisitions and Development, where we focus on acquiring our own property for the purpose of executing real estate development, redevelopment and renovation deals. To get a better sense of the types of deals we are focusing on, we have included our Acquisitions Criteria for you below. Whether large or small, our belief is in enabling real estate, infrastructure and transit projects that create lasting communities.

Additionally, we are pleased to introduce Ryan Johnson, who is the latest addition to Urban One. As a Senior Associate at Urban One, Ryan is responsible for sourcing and executing acquisitions, which will include underwriting, evaluation and business plan development for new investments and manages the due diligence and closing process for new acquisitions. He is also involved in business development, investor relations and project management. Please join us in welcoming Ryan to the Urban One family.

We look forward to continued success with our existing and future clients and helping write the next chapter in the Urban One story.

Sincerely,

The Urban One Team

Acquisitions Criteria

Deal Types:
  • Mid-market multi-family (or mixed-use) Development (15-100 units);
  • Multi-family (or mixed-use) Adaptive Reuse Redevelopment;
  • Multi-family Value-Add/Rehab;
  • Retail Value-Add/Rehab;
  • Student Housing; and
  • Senior Housing.
Area: Southern California (emphasis on City of Los Angeles)

Price Range: $1M-$50M
Ryan Johnson

Prior to joining Urban One, Ryan was a Senior Analyst at The Laramar Group, a Chicago-based owner/operator of 30,000 apartment units nationwide. At Laramar, he was involved in over $500 million of acquisitions and over $100 million of dispositions comprising of over 50 assets in Los Angeles, San Francisco, Chicago, Washington, D.C. and Tampa. Ryan’s responsibilities included acquisitions, dispositions, investor relations, portfolio management and asset management. 

Ryan has a B.A. in Economics from the University of Wisconsin – Madison. He is an active member of the Urban Land Institute and the Wisconsin Real Estate Alumni Association.

Read more about Ryan and the rest of the Urban One team here: Urban One Team

What We've Been Working On

(at least what we can talk about)

Downtown L.A. Streetcar

Urban One continues to manage Los Angeles Streetcar, Inc., a sole purpose non-profit dedicated to the development of a streetcar in Downtown Los Angeles. Urban One is working in partnership with the City of Los Angeles to lead the funding, design, and development of the streetcar, which includes: community, governmental, political, and stakeholder outreach; a full EIR; and substantial management of various consultants. The project is making significant progress and was recently accepted into Project Development by the Federal Transit Administration. A revised Cost Estimate and Project Schedule is expected to be at City Council in August 2014. Read more here: Downtown Los Angeles Streetcar

Avalon Lofts

Urban One just recently completed predevelopment services for a private client on a new 7-unit attached townhome apartment building located on a corner lot in the heart of Echo Park.  Units are side-by-side, 2-3 story high townhome-style live/work loft units, sitting above a subterranean garage.  The residential lofts sitting over the Type I garage are constructed primarily of CMU block, steel, and elegant floor-to-ceiling storefront.  Interiors have raw industrial finishes and fixtures, fitting for the “hipster” neighborhood of Echo Park and perfect for live/work use.  Urban One provided detailed cost estimating, rent analysis, financial underwriting and value engineering to setup for a successful development program for the client. Read more here: Avalon Lofts

Rancho Las Palmas

Urban One is happy to announce our newest client in Paragon Commercial Group. In Spring of 2014, Urban One was engaged to provide tenant coordination and construction management services at Paragon’s newly acquired Rancho Las Palmas shopping center in Rancho Mirage, CA. Urban One will work with Paragon on the redevelopment of this nearly 200,000 square foot shopping center, which will include construction of several new pad buildings, new anchor and shop tenants, and a complete redesign of the center’s building facades and landscaping.

Five Points

Urban One is currently providing development management and construction management services on behalf of Regency Centers for CapEx site improvements of the existing 189,000 square foot Five Points Shopping Center located in Santa Barbara, CA.  Construction is nearing 50% completion and includes reconfiguration of the parking lot to increase parking demand, removal & replacement of asphalt, sealing & striping of asphalt, new landscaping, adjustments to existing irrigation, new storm water drainage & treatment, new decorative flatwork, new planters and caps, new pergolas, enhanced patio areas for outdoor dining, site furnishing upgrades, new painting and ornamental iron details on building facades, as well as new monument signage for better tenant visibility.  Anticipated completion is September 2014. Read more here: Five Points Shopping Center

Juanita Tate Marketplace

Urban One provided Tenant Coordination and Construction Management services to Regency Centers in the ground-up development of Juanita Tate Marketplace, a new grocery-anchored shopping center in South Los Angeles. In partnership with the former Community Redevelopment Agency of Los Angeles and Concerned Citizens of South Central Los Angeles, Regency Centers led a key investment in this underserved community. The center is anchored a Northgate Market and CVS Pharmacy, and has national tenants including Starbucks, Chase Bank, Yogurtland, and many more food and local-serving commercial tenants. Additionally, Juanita Tate Marketplace has brought over 200 new full-time equivalent jobs to the South Los Angeles community. Read more here: Juanita Tate Marketplace

LABC Livable Communities Report 2013

Following up with our 2012 work with with the Los Angeles Business Council, Urban One co-authored the 2013 Livable Communities Report: A Call to Action with Paul Habibi of UCLA Anderson School of Management and Grayslake Advisors. The 2013 Report expands upon the concepts of livability and Transit Corridor Development that were introduced in 2012, and proposes practical recommendations for policymakers to increase development of livable communities, specifically for workforce housing that is affordable to Los Angeles residents earning 50% to 120% of the Area Median Income. Read more here: LABC Livable Communities Report (2013)
Now Hiring!

We just had an Associate position open up at Urban One. Please see the following job posting on our blog. If anyone knows anyone that would be qualified and interested in this position, please feel free to forward this along. Thanks!
 
Long Live Ruben
Ruben The Mascot
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