Logos Faith Development (LOGOS), a Los Angeles-based, mission-driven real estate development firm specializing in transforming underutilized church land into affordable housing, is partnering with Cooperative LA, a Los Angeles-based owner’s representation and project management firm, to launch a $100-million affordable housing initiative in Southern California. Cooperative LA will collaborate with LOGOS by providing pre-construction, construction and closeout services.
Over a 24-month period, the partnership is set to co-develop approximately 300 units across the region. Additionally, LOGOS plans to leverage Cooperative LA’s use of artificial intelligence to enhance project efficiency and outcomes.
“This strategic partnership between [Cooperative LA founder Bryson Reaume] and his team at Cooperative LA has been years in the making,” said Pastor Martin Porter, founder and CEO of LOGOS. “Together, we are committed to ensuring that every project is built with excellence, delivers solid returns, and brings lasting value to the community. At LOGOS, we’re excited to unite our teams and expertise to make this collaboration truly great.”
Northwood Ravin demolished a dated Charlotte public library in order to make way for a 300-unit apartment development. The Charlotte Business Journal reports the plan is to include 21,400 square feet of retail as well. The 4.5-acre south-end property is at 101 Scaleybark Road. The retail component is part of a larger mixed-use development that...
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Terra and Fortune International Group secured a $220 million predevelopment loan from Blackstone Real Estate Debt Strategies for their planned ultra-luxury condominium development on the former Silver Sands Beach Resort property at 301 Ocean Drive in Miami’s Key Biscayne. Walker & Dunlop Capital Markets Institutional Advisory, led by Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean...
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BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 units nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
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