blu diamond capital properties profile 2016

BLU DIAMOND CAPITAL

2901 W. Coast Highway, Suite 200, Newport Beach, CA 92663 O: 949.258.4341 | F: 949.355.9026

Blu Diamond Capital

2901 W. Coast Highway, Suite 200, Newport Beach, CA 92663

O: 949.258.4341 | F: 949.335.9026

1

WHO WE ARE Blu Diamond Capital is a real estate development, construction and advisory firm providing public-private transaction

services to the private sector, public agencies, and municipalities. We both identify and build our own projects, while

working as fee or joint venture builders and/or developers on outside projects.

Our team is highly skilled in the commercial real estate finance, development, and construction industry with capabilities

to take projects from acquisition through final occupancy.

Our services include: feasibility analysis, entitlement risk assessments, economic development, market analysis,

redevelopment, acquisition, construction project management, and disposition strategies. We bring a team of solution-

focused and profit-driven leaders with the vision, experience and business acumen to move beyond the financial

statements and formulate cost effective strategies to overcome potential project shortfalls, maximize resources and

increase revenues.

Land Entitlement Processing and Permitting

Discretionary Review Processing

Development Feasibility Analysis

Land Development/Green Projects

EIR Coordination and Review

Project Development/Management

Community Outreach – Mitigation Plan Development and Implementation

Transit Oriented Development – infrastructure and project impact mitigation implementation

Urban Infill Projects: Subdivision – Mixed-Use – Commercial/Retail and Residential Projects

Distressed Property Analysis

Our team has completed multifamily, mixed-use, and commercial retail projects. National portfolio of assets – tax credit

syndicated deals. [Small sample of completed and Entitlement projects included.]

Blu Diamond Capital


O: 949.258.4341 | F: 949.335.9026

2

COMPLETED PROJECTS Owner: Casden Properties LLC

THE VILLA’S AT PARK LABREA

Total Units: 250

Project Value: $32,000,000

The Villas at Park LaBrea consists of a recreation facility, swimming pool, spa and a state of the art fitness center. The multi-story buildings

constructed over subterranean, controlled access parking, is configured around lush landscaped grounds. The luxury apartments feature four (4)

different floor plans ranging from 650 to 1,100 sf.

Blu Diamond Capital


O: 949.258.4341 | F: 949.335.9026

3

PALAZZO WEST AT PARK LABREA

Total Units: 521

Commercial: 2,000 sf -Health Spa with club, hair and fitness salon


Palazzo West at Park LaBrea is a luxury complex with superb amenities. The amenities include an onsite full-services health club including hair and

fitness salon, and a lap pool and spa. The 521 units feature seven different floor plans ranging from 700 to 1,850 sf.

Blu Diamond Capital


O: 949.258.4341 | F: 949.335.9026

4

PALAZZO EAST AT PARK LABREA, LOS ANGELES, CA

Total Units: 610


Palazzo East at Park LaBrea opened Spring 2003 and consists of 610 luxury apartments with seven different floor plans ranging from 675 to 1,500 sf.

The amenities package includes resort styled swimming pool and spa, recreation facility and fitness center.

Blu Diamond Capital


O: 949.258.4341 | F: 949.335.9026

5

PALAZZO WESTOOD

350 luxury apartment project

50,000 sf commercial retail

Project consists of fifteen parcels recently entitled; completing Design Review Board and pre-construction site work. Responsible for staff working on

community outreach efforts, consultant team of legal, communications, and design professionals. Managed teams of consultants, ensuring

coordination between disciplines and field staff. Participated in permitting process for all disciplines and subsequent meetings [e.g., DWP electrical

and water issues]. Managed the soils, civil, architectural [building and landscape], mechanical/HVAC, electrical and traffic engineering plan

development.

VILLA AZURE, LOS ANGELES, CA

Total Units: 624

Project Value: 75,000,000

Villa Azure is a 624 luxury apartment complex featuring an amenities package including a resort styled pool, spa and fitness center, in addition to an

on-site children play area, lush landscaping, recreation facility and a business center.

Blu Diamond Capital


O: 949.258.4341 | F: 949.335.9026

6

ENTITLEMENT PROJECTS

SAKS FIFTH AVENUE/BEVERLY HILLS – RETAIL/MIXED-USE

60 luxury condominium units

12,000 sf commercial retail

This proposed mixed-use residential and commercial project consisting of 60 luxury condominium units, 12,000 square feet of retail and five levels of

subterranean parking. The project will consist of one five-story residential building over subterranean parking and one seven-story building with six

floor of residential over ground floor retail. Both buildings will include five-levels of subterranean parking.

PARK LABREA/RETAIL

300 luxury condominium units

3.2 acre site

The site is currently used as a commercial retail site leased to Ross Dress for Less store. Proposed zone change with modification from existing

Ordinance designating site for 216 congregate care dwelling units to 300 market rate units.

VINEYARD/OXNARD

318 luxury apartment units

20.7 acre site

A mixed-use development proposed to include multifamily residential, commercial corner, and entertainment center. Required entitlement work by

changing the zone, along with responding to unique physical site conditions.

Blu Diamond Capital


O: 949.258.4341 | F: 949.335.9026

7

AUTO CENTER/OXNARD


25.2 acre site

A proposed 455-unit Class-A luxury apartment community to include two and three-story wood frame walk-up apartment buildings. Application for

zone change in progress; pre-entitlement work includes site planning and meetings with planning staff, community stakeholders and school district

representatives. Managed staff directly involved with processing application.

Blu Diamond Capital


O: 949.258.4341 | F: 949.335.9026

8

SAN BUENAVENTURA


8.03 acre site

Proposed development to include 300 luxury apartments and 22,500 square feet of commercial space. This site is pending zone change. City of San

Buenaventura is updating its Comprehensive Plan and Housing Allocation process. Responsible for developing project application, pre-screen, and

tracking City’s Comprehensive Plan date.

Blu Diamond Capital


O: 949.258.4341 | F: 949.335.9026

9

SIMI VALLEY

265 for sale units mixed sfrs and town homes

16.8 acre site


Buenaventura is updating its Comprehensive Plan and Housing Allocation process. Responsible for developing project application, pre-screen and


SANTA CLARITA

1,000 lots mixed for-sale product

95 acre site


Buenaventura is updating its Comprehensive Plan and Housing Allocation process. Responsible for developing project application, pre-screen, and


Blu Diamond Capital


O: 949.258.4341 | F: 949.335.9026

10

2701 SHATTUCK AVENUE, BERKELEY

Owner: 2701 Shattuck Avenue Condominiums LLC

24 unit mixed use building including 3,200 SF commercial/retail ground floor space

12,000 square foot site

Proposed mixed-use development including four levels of housing constructed over ground floor commercial –retail, small office, or café space. This

building includes 24 condominium units with three townhouse units, parking for 24 vehicles. The units range in size from 662 square feet to 1,818

square feet, and accommodate one to three bedroom units.

SUNSET HILLS CONDOMINIUMS

Owner: Atherton-Newport Investments LLC

120 unit apartment building converted to condominiums

5 acre site

Processed subdivision tentative and final map for this conversion project. Directed rehab efforts and successfully led consultant team through the re-

zoning process.

RED MOUNTAIN RETAIL GROUP/MULTIPLE PROJECTS – RETAIL + MIXED-USE

4 – Circuit City Dark sites for mixed-use retail development (West LA, Dublin, Santa Rosa, and Concord)

Costa Mesa, Arizona, and other California sites slated for retail re-development

The site is currently used as a commercial retail sites slated for mix-use development. Directed the pre-development phase of vetting the site

feasibility for proposed zoning amendments, development and project feasibility.

Blu Diamond Capital


O: 949.258.4341 | F: 949.335.9026

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OUR LEADERSHIP Stephanie D. Ardrey, MAOM Broker CA-BRE# 0253556 | President

Blu Diamond Capital | Blu Diamond Properties

Ardrey directed a multibillion dollar portfolio of commercial real estate development projects – luxury, mixed-use, and retail

commercial projects. She earned a reputation for being, a solution-focused and profit-driven leader with the vision,

experience and business acumen to move beyond the financial statements and formulate cost -effective strategies to

overcome potential project shortfalls, maximize resources and increase revenues.

Ardrey has special expertise in managing entitlements to include zoning analysis, variance, and change amendments, in

addition to selecting, contracting, managing and negotiating with architects, engineers, contractors, attorneys and

consultants and ensuring timely project completion without cost overruns for residential, retail and mixed-use projects valued at

$50 million and up.

Additional areas of expertise include:

Project Management & Scheduling

Budget Development & Control

Strong Analytical Skills

Market Trending/Business Development

Site Selection / Land Acquisition

Entitlements

Regulatory Compliance

Team Building

Ardrey is completing a Doctor of Business Administration, International Business, holds a Master of Arts degree from Antioch University –

McGregor School of Business; Certificate, University of Southern California, Real Estate Finance and Development; Bachelor of Arts

degree from Antioch University; International Finance and Management, Golden Gate University; Construction Project Management,

California State University, Dominquez Hills. Ardrey a California licensed Broker/Realtor, holds a Lean Six Sigma Black Belt Certification

and has completed Project Management Professional (PMP) Certificate course work.

Blu Diamond Capital


O: 949.258.4341 | F: 949.335.9026

12

KEN RATTNER General Contractor BD# 366114 | Principal

Rattner Construction | Blu Diamond Properties

With an over 35-year professional career leading complex construction, design, engineering and entitlement teams, Rattner has a

reputation for being a bottom-line results focused leader. Rattner has built local and national projects, while leading management

teams focused on multifamily, mixed-use, and single family projects. He led a team providing solutions for insurance firms nationally

responding to natural disasters and requiring the capacity to quickly assess and rebuild devastated communities. Rattner served in

roles from senior project manager to president of various firms over the span of his career. Sample client list below:

Southern Counties Construction LLC

Southern Counties Construction LLC (SCC) is a Texas LLC general contracting company with its corporate office in Kemah, Texas. SCC

provided restoration services for areas that experienced catastrophic storm damage. SCC also has under its umbrella a roofing and a

remodeling company. SCC developed and built intercity (Houston) infill projects in 2010.

CPM, INC. Houston/San Antonio/Seguin, TX

Construction and Project Management Inc. CPM partners with investors to develop projects from acquisition, marketing, entitlements

to build-out.

Partnership Projects:

Responsible for acquiring, planning, entitling and marketing projects from initial project location, due diligence and final acquisition to

complete blue top lots.

San Antonio, TX: 1500 residential units and 23 commercial acres.

Houston, TX: 1200 residential units and 40 commercial acres.

Seguin, TX: 600 residential units

Long Term Contracts:

Grosvenor Industries is a worldwide investment company, currently developing the Yellowstone Preserve Project - a master planned

multi-phase community consisting of 850 residential units and 40,000 sq. ft. of commercial property on Yellowstone River.

Working with the existing corporate structure to guide the Yellowstone Preserve Project through the current planning,

entitlement, and permit phase.

Successfully recorded final map and negotiated a 15 year development agreement with the City of Livingston, Montana.

Blu Diamond Capital


O: 949.258.4341 | F: 949.335.9026

13

OXMAN DEVELOPMENT Coachella Valley, CA

Oxman Development is a real estate investment company. The company’s corporate office in Las Vegas, NV oversees projects

throughout Nevada and California.

Entitling 100 market rate single family homes and 62 unit affordable town homes in the Coachella Valley, California.

Obtaining entitlements, TTM, GPA, and COZ to final maps for projects in Riverside County and the City of Coachella,

California for two investments groups for affordable and market rate housing.

HOLLY HILLS DEVELOPMENT Hanford, CA

Holly Hills Development is a regional builder/developer servicing California’s central valley, southern California and San Antonio Texas

markets. Projects included; auto mall, single family homes, and blue top lot development marketing to national builders.

Master Planned a 1200 unit mixed use project in Hanford California.

Provided oversight for sales, marketing and land acquisition.

ASHBROOK COMMUNITIES Palm Desert, CA

Ashbrook Homes is a regional builder/developer building market rate homes and blue top lots for sale to National builders

Alta Vista in Desert Hot Springs: 365 single family units.

The Cove in Palm Spring: 350 single family units

Forward planning, entitlements and Construction Management.

NEWPORT COAST CAPITAL MANAGEMENT Palm Desert, CA

Newport Coast Capital a local builder developer for the Palm Springs area. Built two exclusive projects, one being a high end lots

sales program in the Mission Hills Country Club, the other project a very high end single family in Palm Springs.

Rancho Mirage, CA: Westgate Project - 30 estate lots built within Mission Hills Country Club.

Palm Springs, CA: Alta Project - 66 single family homes in $2-3 million range.

o Provided management of all the construction activities, acquisitions, due diligence and entitlements.

NORDAM CORP. Indian Wells, CA

Owners’ representative to build a single family estate in the Eldorado Country Club for the Siegfried Family, owners of the NORDAM

Corporation out of Tulsa OK. Responsible for project management from initial planning through scheduling, purchasing contracting,

cost control, quality control and final closure.

Indian Wells, CA: Ultra high-end $20 million single family home.

Blu Diamond Capital


O: 949.258.4341 | F: 949.335.9026

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Obtained entitlements and represented client interests at public hearings and with regulatory agencies and provided the

construction management services. The project was built on time and on budget.

CASDEN PROPERTIES Beverly Hills, CA

Casden Properties is recognized as one of Southern California’s most successful urban developers. Casden specializes in large urban

in-fill apt and mixed us projects. As several of the mixed use podium projects were valued from $50 to $150 million each.

Supervised project managers and various consultants (engineers, architects, attorneys, lobbyists, etc.).

Government contact for zoning and permit issues.

Managed the contract compliance for over 5000 units per year spanning 25 cities in 15 states.

HOWARD KATZ, JD Real Estate Consultant – Attorney at Law

Law Office of Howard J. Katz

An over 37 year history includes: project consultant to non-profit housing corporations especially for low income housing

for seniors and developmentally disabled individuals who included site acquisition permits and financing.

Katz also assisted in obtaining entitlements, building permits and C of O's for shopping centers, commercial buildings and

major housing projects.

Katz’s special skills and expertise includes: Entitlements, Real Estate Development, Public Speaking, Budgeting, Real

Estate Economics, Asset Management, Residential Homes, Contract Negotiation, Construction Investment Properties,

Entrepreneurship, Property Management, Contract Management, Redevelopment Leases, Community Development,

Strategic Planning Real Estate Transactions, Public Relations, Land Use, Real Estate, Customer Service Negotiation,

Construction Management Disposition, Project Management, Due Diligence, Budgets, Mixed-use Land Use Planning,

Fundraising, Affordable Housing, Zoning, Community Outreach, Financial Analysis, Apartments Land Development,

Marketing Strategy, Nonprofits, Team Building, Business Planning, Investments, Marketing, Urban Infill , and Real Estate.

Blu Diamond Capital


O: 949.258.4341 | F: 949.335.9026

15

ASSOCIATE - CONSULTING

CARL STEINBERG Vice President, Community Development

Williams Homes

Steinberg has an over 40 year history leading development teams. His projects include master planned communities,

residential and retail mixed use on podium projects.

Steinberg’s skills and expertise includes: Entitlements, Real Estate Development, Public Speaking, Budgeting, Real Estate

Economics, Asset Management, Residential Homes, Contract Negotiation, Construction Investment Properties,

Entrepreneurship, Property Management, Contract Management, Redevelopment Leases, Community Development,

Strategic Planning Real Estate Transactions, Public Relations, Land Use, Real Estate, Customer Service Negotiation,

Construction Management Disposition, Project Management, Due Diligence, Budgets, Mixed-use Land Use Planning,

Fundraising, Affordable Housing, Zoning, Community Outreach, Financial Analysis, Apartments Land Development,

Marketing Strategy, Nonprofits, Team Building, Business Planning, Investments, Marketing, Urban Infill , and Real Estate.

Steinberg is a leader in developing new talent and grooming teams for successful careers in real estate development. He

is often active with USC’s Lusk School for Real Estate.

blu diamond capital properties profile 2016

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