Cypress
NEWS
January 18, 2012

Real Estate Veterans Form Century West Partners

1340 S. Figueroa

By: Chelsea Bell - CoStar Grop

Real estate heavyweights Steve Fifield and Michael Sorochinsky formed Century West Partners, a Los Angeles-based apartment development firm based in Los Angeles. Fifield is the head of Fifield Cos. in Chicago and Sorochinsky is founder and chief of locally based Cypress Equity Investments. 

The company’s first project is a seven-story, 247-unit multifamily complex at 1340 S. Figueroa in L.A., across from the proposed football stadium and minutes south of LA Live and the Staples Center. The apartments will be above 11,000 square feet of ground floor retail and a 252-stall parking garage. Residents will be able to choose from live/work units, studios, one or two bedroom floor plans. 

Construction is expected to commence in April of this year and be completed in November 2013. 

“Both Sorochinsky and I have been waiting on the sidelines for the right opportunity to acquire sites for residential apartment development in Los Angeles,” said Fifield. “We felt the time was right and decided to join forces and embark on a number of new-construction projects where we see a growing demand for housing. We’re excited to be working with Michael and his team and look forward to continuing our history of adding significant and successful projects to Los Angeles.

 

 

 

December 6, 2011

Two Seven-Story Towers Coming to South Park

1340 S. Figueroa

By: Richard Guzmán - Los Angeles Downtown News

During the height of the Downtown housing market, few projects sounded as exciting as the one proposed for 1340 S. Figueroa St. Architecture enthusiasts were breathless over the plan for Daniel Libeskind, the designer of the acclaimed Jewish Museum in Berlin and the master plan architect for the World Trade
Center site in Manhattan, to work on a 43-story tower just a few blocks
south of L.A. Live. Read Full Article

 

 

 

November 29, 2011

Fifield, Cypress Plan 1,000 Apartments

1340 S. Figueroa

By: Robert Carr - GlobeST.com

A joint venture between locally based Michael Sorochinsky, CEO of Cypress Equity Investments, and Chicago-based Steven Fifield, CEO of Fifield Cos., has promised to bring 1,000 new apartments to Los Angeles. The two companies have formed the joint venture Century West Partners, and have already purchased land for their first project across from the proposed football stadium downtown. Read Full Article

 

 

 

  September 21, 2011

Cypress/Fifield Joint Venture acquires land in Southpark, Downtown Los Angeles

1340 S. Figueroa - 247 Apartments and 11,000 square feet of retail space Los Angeles, California (South Park)

On September 21, 2011, the Cypress/Fifield Joint Venture acquired a site in the dynamic entertainment and residential area known as Southpark, which surrounds Staples Center, L.A. Live, the anticipated new Football Stadium, Farmers Field and a modernized convention center.


Construction is planned to begin in the Second Quarter of 2012. With frontage on Figueroa Street and Flower Street, the completed property will include 247 residential apartments, 11,000 square feet of retail space and below-grade parking. The location will be within walking distance of all major entertainment venues as wells as light-rail transportation. 


 
September 16, 2011

Cypress/Fifield Joint Venture acquires site in Prime Mid-Wilshire  

684-690 S. Berendo - 130 Apartments Los Angeles, CA  (Koreatown)

On September 16, 2011 the Cypress/Fifield Joint Venture acquired a site in the vibrant and growing Mid-Wilshire/Koreatown neighborhood of Los Angeles, California. Construction is planned to begin in the Second Quarter of 2012. 

 

With a completion date of mid to late 2013, the project will include 130 residential apartments over a below-grade parking garage. Amenities will include a fitness center, club-room, screening room, courtyard and social area, off-unit balconies and roof-top deck.


 
January, 2011

Cypress Enters into a Joint Venture with The Fifield Companies


In January, 2011 Cypress Equity Investments and the Fifield Companies (www.fifieldco.com) entered into a joint venture with the goal of building core multifamily apartments and commercial properties in the premier communities of Los Angeles, California. 

The Fifield Companies is an urban infill best-in-class developer of mid and high-rise apartments and offices in Chicago, Los Angeles, Las Vegas, Washington DC and Florida. Fifield and Cypress offer local depth of experience and expertise to execute the most complex projects from inception through completion.

 

Santa Monica Retail
December 20, 2010

Cypress Equity Investments acquires a 30,000 square foot site in Downtown Santa Monica

702 Arizona and 1317 7th Street - 106 Apartments and 10,000 square feet of retail, Santa Monica, CA (Downtown Santa Monica)

On December 20, 2010, Cypress Equity Investments acquires a 30,000 square foot site in a prime location of Downtown Santa Monica.  Construction is planned to begin in the first quarter of 2012.


With a completion date of early to mid 2013, the project will include 106 residential units, 10,000 square feet of retail space and below grade parking. The highly desirable coastal location is within walking distance of restaurants, shopping, and entertainment.