Contact: Scott Morrison, Legacy Partners Residential
Legacy Partners Sweep CAA-LA Signature Awards
IRVINE, Calif. – December 16, 2010 -- Legacy Partners Residential walked away a multiple winner at the California Apartment Association, Los Angeles Signature Awards that honor the best in Los Angeles rental housing. Winning in three award categories, 1600 Vine at Hollywood & Vine was named Best Mixed Use Property, Best New Construction, and Best Property of the Year in the Mid-City region. 1600 Vine is a ground-breaking public/private partnership mixed use transit-oriented development on the Hollywood/Vine Metro Red Line station located on the historic corner of Hollywood & Vine. It features 375 apartments built above 32,000+ square feet of fully leased retail and restaurant space, including a Trader Joe’s market, Wells Fargo Bank, Entourage Café, and Bubbles laundry. The project shares a podium with a 305-room W Hotel, 143 for-sale condominiums (W Residences), and includes 215 public parking spaces.
Villa Malibu, another Legacy Partners’ community, was honored as Best Property of the Year for the West Los Angeles region. It is a 68-unit luxury resort rental property located in the fabled beach town of Malibu.
The California Apartment Association, Los Angeles Signature Awards (CAA-LA) annual awards program presents awards to properties, apartment industry partners and individuals to recognize achievements and performance for the year. More than 225 multihousing professionals and guests attended the event and awards presentation held at High Profile Productions in Culver City, California on December 7, 2010.
1600 Vine has garnered state-wide and national attention since opening in late November 2009. Now with nearly 90% of the apartments leased, it has been recognized with industry awards and honors from the National Association of Homebuilders (NAHB), Apartment Association of California Southern Cities, Multihousing News, and Buildings Magazine.
“For Legacy Partners and the teams at 1600 Vine and Villa Malibu, these four awards from CAA-LA celebrate and confirm that with the right teams in place and a focused commitment, we truly determine the success of the communities. In today’s economy with the most challenging market we’ve
ever experienced, it’s nice to have a chance to prove that people – the right people –and a great
product make a difference that impacts the lives of our residents and performance for our company,”
said Scott Morrison, Senior Vice President, Operations for Southern California at Legacy Partners Residential.
ABOUT LEGACY PARTNERS
Based in Foster City, Calif., Legacy Partners has been an industry leader in residential and commercial real estate for 40 years; acquiring, developing and managing a portfolio valued in excess of $7 billion. The company’s expertise spans the industry spectrum to include property acquisition, development, financing, marketing, and property and asset management. From Legacy Partners’ roots in Northern California, its portfolio now extends to Southern California, Arizona, Colorado, Washington and Texas. Legacy Partners has more than 800 employees in 12 offices in regions throughout the
western United States. For more information, visit www.legacypartners.com.
See photos with captions on next page
(From L to R) 1600 Vine Business Manager Augustine Um and Legacy Partners Residential Vice President Scott Morrison celebrate the three honors 1600 Vine won at the CAA-LA Signature Awards.
1600 Vine at Hollywood & Vine wins Best Mixed Use Property, Best New Construction, and Best Property of the Year (Mid-City Region) from CAA-LA.