Case Studies
1710 on the BLVD
Thousand Oaks, CA
A familiar area of Thousand Oaks’ proposed downtown corridor, this is a 5.13-acre site that was the first mixed-use development ever approved in the City of Thousand Oaks. The project is a result of the Thousand Oaks Boulevard Specific Plan, created in 2011, and crafted over a five-year process. The project sits on the old site of Lupe’s Mexican Restaurant; a Thousand Oaks relic for almost 70 years, which closed in August 2017. Designed around preserving a 400-year-old oak tree at the site, 1710 on the BLVD will embody a contemporary European square spirit, complete with central pedestrian walkways and…
Arthur McCants Manor
Las Vegas, NV
This property was built as a Project Based Section 8 202 in 1980. It was originally developed by the National Association for the Advancement of Colored People (NAACP) to house minority low income elderly and disabled people of Las Vegas. The project had been owned by the NAACP until we purchased it in 2004.
Fickett Towers
Van Nuys, CA
This property was purchased in 2012 from a local faith based non-profit in Los Angeles. The seller was a one-off HUD owner and wanted to get out of the real estate business. The building had been damaged during the Northridge earthquake and was fixed with the help of a HUD HELP loan.
Lompoc Mini-Storage
Lompoc, CA
After Lehman Brothers collapsed during the Great Recession, in 2010 CCI was able to partner with Harridge Development Group in order to take over Lehman’s position in a proposed mini-storage development in Lompoc, CA. After years of stalls due to the City approval process, as well as the tentative construction market, the land was entitled, project approved, and construction completed in 2015. Consisting of 535 units, this project is filling a much-needed void for Vandenburg Airforce employees.
Park Tower
Spokane, WA
In April of 2014, CCI acquired a 185 unit project based Section 8 tower in downtown Spokane, Washington (10% market rate units) via HUD’s 223(f) loan program. At the time of purchase, the property was subject to a 236 mortgage, which was prepaid, as well as city and state HOME loans, both of which were assumed at purchase along with the re-casting of the regulatory agreements and covenants affiliated with those programs. Additionally, the property had experienced 10% vacancy for several years. Taking a collaborative approach with HUD, the City of Spokane, and the State of Washington, CCI was able…
Sacramento Manor
Sacramento, CA
Background Site Challenges Community Support
The Livelle
Woodland Hills, CA
Background California Commercial Investment Companies and Life Care Services, two well-known companies in their respective fields, have collaborated to bring forth The Livelle—a groundbreaking senior living community in Woodland Hills, California. The name “Livelle,” carefully crafted from “live” and “well,” reflects the development’s core mission of promoting vibrant living and wellness among its residents. Backed by California Commercial Investment Companies’ expertise in development and asset management, coupled with Life Care Services’ unrivaled experience in senior living, The Livelle aims to redefine the standards of senior care by integrating luxury and nature seamlessly. Development Considerations Our development team has meticulously planned…
Trent Center East & West
Trenton, NJ
A campus located in Trenton, New Jersey, Trent East (228 units) and Trent West (246 units) are two high rise apartment buildings reserved for elderly residents. A CCI affiliate purchased both buildings in December of 2014 so that it could immediately move forward with 4% bond transactions comprised of approximately 17 million of hard cost construction renovations, including (but not limited to) full interior unit upgrades, energy upgrades/efficiencies and building system/health/safety improvements. Also, these projects provide numerous amenities to its elderly population in the form of full-time Service Coordinators to help residents age in place and a congregate care grant…