Step Up | Non-profit Acquires Two Hollywood Properties

post-template-default single single-post postid-237 single-format-standard cp_header_logoleft_menuright full-width full-width cp_hero_hidden non-profit-acquires-two-hollywood-properties cp_fixed none cpcustomizer_off megamenu no-header unknown_browser cp_breadcrumbs_hidden all_other_types_logo_light dark_menu_background mantis-child-theme wpb-js-composer js-comp-ver-5.5.2 vc_responsive

Non-Profit Acquires Two Hollywood Properties

Step Up
November 30, 2010

On November 23, 2010, Real Estate News Television’s website view mode, rentv.com, ran a story on the acquisition of Step Up on Second’s 2 new Hollywood properties:

“Step Up on Second, http://mirvishgehry.ca a nonprofit organization providing psychosocial rehabilitation and support to people affected by severe and persistent mental illness, acquired two Hollywood properties for a combined price tag of $3.85 mil. The properties are a 25-unit hotel located at 7160 W. Sunset Blvd and an eight-unit apartment building located 1442 N. Formosa Ave.

Both properties were built in 1954 and underwent renovations from 2003 to 2007. The two-story, 25-unit hotel includes a small vacant retail space on the ground floor.

“The property will now be called ‘Michael’s Village’ and will house 30 formerly homeless individuals affected by mental illness through the Step Up on Second organization,” said Kathleen A. Silver of Colliers International’s Downtown Los Angeles office.

Silver, along with Colliers colleague Kay Thorpe, represented the seller, Patel Family Trust, in the transaction. The buyer was repped by Bailes and Associates Inc.

Step Up on Second is a member of the Clinton Global Initiative (CGI), established in 2005 by President Bill Clinton. The CGI convenes global leaders to devise and implement innovative solutions to some of the world’s most pressing challenges. ”

Please follow this link to see the original article on rentv.com: http://www.rentv.com/content/southerncalifornia/losangeles/news/13795

Categories:
News

Non-Profit Acquires Two Hollywood Properties

Click the key above to learn ways you can take action!

Facebook

Step Up on Second

Step Up on Second

Step Up on Second

We launched a new cooking class with our Vets last week at Building 209 with two enthusiastic volunteer chefs! We’ll be cooking new recipes weekly using the vegetables and fruits we’re growing in our edible community garden. Contact our volunteer coordinator at chealy@stepuponsecond.org if you’d like to come volunteer and help out.

Step Up on Second

View on Facebook

Step Up on Second

Step Up on Second

Over the past few weeks, we've welcomed volunteer teams from The Home Depot, AXA XL, and Calsense to the West Los Angeles VA Campus to collaborate on the constructing and planting of garden beds and a small citrus grove in Building 209’s own backyard. The beds include tomatoes, peppers, zucchini, cucumber, eggplant, strawberries, and basil.

Team Depot funded the project with a grant of $8,000 to cover the costs of materials that included raised beds, drip irrigation, all planting material, sheds, gardening tools, and patio furniture. The Vets have formed a gardening club to monitor the watering and maintenance.

Step Up on Second

16 1 View on Facebook

Instagram

Twitter

Step Up @stepuponsecond

Step Up continues its focus on scaling housing solutions. https://t.co/C3o4GiImZH

View on Twitter

stepuponsecond photo

Step Up @stepuponsecond

“We decided to make the housing unconditional...To say, look, you don’t need to solve your problems before you get a home. Instead, a home should be the secure foundation that makes it easier to solve your problems.” - @JKaakinen https://t.co/dtiqpEPFax

View on Twitter

SUBSCRIBE

Processing...

Thank you! Your subscription has been confirmed. You'll hear from us soon.