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VF Developments Completes Renovations and Refinances a Multifamily Community in the Chinatown area of Los Angeles, California

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Los Angeles, California–(Newsfile Corp. – May 2, 2023) – VF Developments, LLC, a minority and female owned and run company, has reintroduced “900 West College” a 1969 built modern style 10-unit multifamily community to the highly desirable Chinatown area in downtown Los Angeles, California, after completing major renovations. VF Developments, LLC also recently refinanced with a top 20 national bank the acquisition bridge loan used to acquire and renovate the community.

VF Developments, LLC, in joint venture with private investors in March 2020, acquired the Los Angeles multifamily property located at 900 West College Street, Los Angeles, California with the plan of repositioning and adding capital improvements. VF Developments, LLC’s improvements included enhancements to the exterior redesign to enhance the simple clean lines of modern architecture. These improvements include new exterior paint, landscaping with bright white rocks and succulents, and completely restored and upgraded interior finishes. This downtown Los Angeles community has ten spacious one, two-bedroom, and three-bedroom units. This modern two-story garden walkup is located in the Figueroa Terrace hillside and minutes to Chinatown and downtown Los Angeles.

The community is located the heart of Los Angeles, California and enjoys a short commute to the LA Fashion District, Staples Center, Disney Concert Hall, Chinatown and all the amazing dining and glamorous shopping that living in Los Angeles has to offer. Chinatown is one of L.A.’s most popular tourist destinations. Chinatown is experiencing a modern-day renaissance. From the hottest new restaurants to art galleries and Bruce Lee’s former studio, Chinatown is a festive destination for dining and shopping. Pagoda-style buildings with red lanterns house traditional Chinese restaurants, dim sum houses and bakeries, plus specialty grocery stores and gift shops. There’s also the Taoist Thien Hau Temple, small art galleries and dark bars. Foodies head to creative Asian-fusion eateries and the landmark Philippe the Original, lauded for its French dip sandwich.

Victoria Vu, a renowned designer and Managing Partner of VF Developments, LLC, and formerly a leading Halloween costume designer, carefully designed and restored the rental homes. The apartment homes are separately-metered, fully parked with ten onsite parking spaces and have central air conditioning. Creatively designed by the renowned LA designer, these high-quality rental homes feature keyless entry door locks to spacious one and two-bedroom floor plans with newly upgraded kitchen and bathrooms. The kitchen boasts sparkling white stone quartz countertops with brand new self-closing enhanced cabinetry and high-end stainless-steel Whirlpool refrigerators with matching gas cooktop with oven and microwave. Each rental home has porcelain tiled bath tubs and glass shower doors with oversize vanity mirror and also includes central A/C cooling and heating with recessed lights with luxury style remote control blinds and distressed wood plank floors. The washer and dryer facility is on-site.

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After three long years, Los Angeles County’s COVID emergency ended on March 31. L.A. County’s COVID-19 emergency tenant regulations have given tenants protections in eviction court if they can’t pay rent on time due to economic harms brought on by the pandemic. But those tenants will have to pay their April rent on time – or face eviction. For rent owed from March 1, 2020 to September 30, 2021, tenants must pay by August 1, 2023 and for rent owed from October 1, 2021 to January 31, 2023, tenants must pay by February 1, 2024.

Victoria Vu commented, “We are excited to complete the renovations on another Chinatown community and provide much needed affordable housing to the city of Los Angeles. We recently completed the reposition on two other Chinatown area communities, 920 Everett Street and 701 N Hill Place, and look to expand our presence in the area. As a first generation American we strive to enhance the communities around us and create modern living spaces for our residents. After March 31 we look to get ‘back to normal’ in LA where residents must begin paying rent again to not continue the significant harm to owners who must make their mortgage payments – with little to no relief from their lenders.”

Kim Vu, head of maintenance and renovations for VF Developments added, “America is truly the land of opportunity. As a refugee who fled Viet Nam during the war on a handmade raft with my family, it’s unbelievable that I now managed a major apartment renovation in the Chinatown area of Los Angeles. The team that completed the renovations on the exterior of the building and interiors of the units were entirely locally based minority vendors, employees, and contractors. We are proud to create jobs in the Chinatown area for minorities, significantly improve the community, and provide more affordable housing.”

About VF Developments: VF Developments, minority and female owned and run company, has acquired over $69 million in multifamily properties since 2015 totaling 39 properties and 242 units. VF Developments strives to provide neighborhoods in gentrifying areas of Los Angeles and Orange County Class A building design finishes at accessible and affordable market rents to future tenants. VF prides itself with the opportunity to create modern living to add value to its communities. With properties ranging from condominiums to multifamily residences in gentrifying areas throughout the greater Los Angeles area and Orange County region. VF manages a multitude of processes including finding unique, off market opportunities, syndicating properties, overseeing renovations, and using unique architecture and interior compositions transforming distressed properties into contemporary, market-ready homes and apartment communities. VF seeks value add investment opportunities and creates significant value for clients and investors. VF Developments is an entrepreneurial company specializing in acquiring, renovating, and managing multifamily properties in Los Angeles and Orange Counties. The company targets under-performing and mismanaged multifamily properties in gentrifying areas of these counties. VF also completes significant renovations that modernize and transform dated properties into cutting edge, high quality, best in class living environments – ultimately creating substantial value enhancement for its investors.

Media Contact:
Company: VF Developments, LLC
Contact: Victoria Vu
Email: [email protected]
Phone: 310.901.1189
City: Costa Mesa
State: CA
Country: USA
Website: https://www.instagram.com/vfdevelopments/

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/164273

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

RAK DAO Partners with Phoenix Group PLC (PHX) and Internet of People (IOPn) to Commit $100 Million Investment to Boost Web3 Innovation in Ras al Khaimah

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Phoenix Group PLC and IOPn commit to investing $100 million to drive innovation and attract top Web3 talent to Ras al Khaimah by 2030.

This partnership aims to create a thriving ecosystem for blockchain and digital assets in the region.

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RAK DAO, the world’s first and only Free Zone with Common Law features established to support digital assets companies, has entered into a strategic partnership with Phoenix Group and IOPn. This collaboration aims to drive innovation, foster economic growth, and further position Ras al Khaimah as a global hub for Web3 pioneers. Phoenix Group, an ADX-listed company, is a leader in web3 development in the UAE. IOPn is an integrated Web3 ecosystem that leverages blockchain, AI, and cutting-edge spatial computing.

As part of the partnership, Phoenix Group and IOPn have committed to investing $100 million into the Emirate of Ras al Khaimah by 2030 leveraging RAK DAO’s infrastructure. This substantial investment underscores Phoenix Group and IOPn’s dedication to stimulating innovation and attracting top-tier professionals to the region within the Web3 space. The partnership seeks to target, encourage and attract highly-skilled individuals in Web3, crypto, blockchain, and developer domains to the region. Phoenix Group and IOPn aim to enrich the local talent pool by leveraging initiatives such as the Golden Visa programs and RAK DAO business licenses through investment. By nurturing top-tier talent, RAK DAO, Phoenix Group and IOPn seek to create a thriving ecosystem that harnesses cutting-edge technologies – including blockchain, spatial, and cognitive solutions for economic development and sustainability.

Dr. Sameer Al Ansari, CEO of RAK DAO has expressed, “We are thrilled to welcome Phoenix Group and IOPn as RAK DAO’s Ecosystem Partners. The $100 million investment marks a significant milestone in our mission to establish Ras al Khaimah as a premier destination for Web3 innovation and talent. By leveraging Phoenix Group and IOPn’s expertise and resources, we are poised to further enrich our dynamic ecosystem that fosters cutting-edge technologies and attracts the brightest minds in the blockchain and digital asset sectors.

This collaboration underscores our commitment to driving economic growth and sustainability through technological advancements. We look forward to welcoming top-tier professionals and pioneering initiatives that will redefine the digital landscape of Ras al Khaimah.”

Mr. Seyed Mohammad Alizadehfard (Bijan), Co-founder & Group CEO of Phoenix Group, elaborated on the new strategic dimensions of the partnership, stating, “Our joint venture marks a pivotal expansion of our commitment to blockchain infrastructure aimed at enhancing the technological landscape in Ras al Khaimah. Our partnership will not only drive innovation but also strategically position the Emirate as a leading center for blockchain excellence globally.”

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Mr. Mojtaba Asadian, Founder and CEO of IOPn, added: “IOPn builds on the visionary leadership of Ras Al Khaimah and the supporting environment created by RAK DAO to provide a unique opportunity for top-rated world talent to innovate and create value. IOPn is doing this by offering a powerful new Web 3.0 ecosystem and using the significant proven capabilities of Phoenix Group. We’re thrilled to be embarking upon this partnership with RAK DAO in collaboration with Phoenix Group.”

At the heart of this collaboration lies a commitment to access and nurture top-tier talent within the blockchain and Web3 industries. By enriching the local talent pool and fostering an environment conducive to innovation, RAK DAO, Phoenix Group and IOPN aim to drive forward-thinking initiatives that redefine the landscape and highlight the Emirate of Ras al Khaimah as an attractive destination for top talent. This six-year partnership and substantial investment underscore their dedication to stimulating innovation and attracting top-tier professionals.

 

The post RAK DAO Partners with Phoenix Group PLC (PHX) and Internet of People (IOPn) to Commit $100 Million Investment to Boost Web3 Innovation in Ras al Khaimah appeared first on HIPTHER Alerts.

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Blockchain

xPortal Enhances Solana Crypto-to-Cash Experience with New Ecosystem Integrations

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 xPortal, the ultimate financial super app for everything money, developed by the MultiversX team, is thrilled to announce significant enhancements to its platform, aimed at elevating the Solana ecosystem experience for both new and existing users.

These updates include the ability to top up xPortal Debit Cards with SOL, the listing of numerous SPL tokens, and the integration of leading SOL dApps in xPortal’s Discover section, the app’s multi-chain dApp hub. This development further cements xPortal’s role as a unique bridge between the digital and physical worlds, facilitating seamless transitions from crypto to cash for holders of top cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), MultiversX (EGLD), Solana (SOL), and Polygon (MATIC).

Starting today, xPortal users can effortlessly top-up their xPortal Debit Cards with their SOL holdings. This new feature allows Solana enthusiasts to use their crypto for shopping easily and manage their finances quickly, making it simpler than ever to transition from digital assets to real-world spending power.

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Additionally, xPortal now supports over 20 Solana-based SPL tokens, providing users with expanded opportunities to manage and interact with their favorite Solana assets. The new tokens available on xPortal include $PYTH, $IO, $JTO, $WIF, $BONK, $JUP, $RAY, $BOME, $HNT, $POPCAT, $BEER, $USDT, $USDC, $LINK, $LDO, $FTM, $RPL, $SUSHI, $DADDY, and $BODEN. This extensive list ensures that users can now enjoy a comprehensive Solana experience directly from the xPortal app, with more tokens being activated weekly.

The xPortal Discover section has also been enhanced with the addition of top-tier Solana decentralized applications (dApps). Users can now explore and interact with premier Solana dApps, including Jupiter Exchange, Raydium Protocol, and Kamino Finance.

Sergiu Biris, Head of Product at MultiversX and xPortal Lead, commented on the update: “These latest developments are a testament to our dedication to providing a complete experience for our users and represent a significant step forward in our mission to bring blockchain technology into the mainstream and make crypto payments the norm.”

“We’ve spent considerable time equipping xPortal with a unique set of features that make it stand out: unmatched simplicity and ease of use, beautifully abstracted complexity, the ability to bridge physical and digital realms, and many others. We’re excited to make access to all these features ecosystem-agnostic,” Biris added.

 

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The post xPortal Enhances Solana Crypto-to-Cash Experience with New Ecosystem Integrations appeared first on HIPTHER Alerts.

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Blockchain

ChainSwap Adds BNB Chain to Their Decentralised Exchange

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ChainSwap, a multi-chain decentralized exchange (DEX), has integrated BNB Chain into its platform, adding to its growing list of supported networks. The new integration will enable users to conduct transactions on the BNB network, with plans for cross-chain transactions in the near future.

The incorporation of BNB Chain has seen ChainSwap continue to expand its multi-chain DEX, cementing its commitment to provide users with a secure platform for seamless cross-chain transactions. This is enabled by Chainlink’s Cross-Chain Interoperability Protocol (CCIP), delivering unparalleled security and privacy for transactions taking place on the platform.

Fitzy, Founder and CEO of ChainSwap, was emphatic on the importance of the new integration: “Integrating the BNB chain on our network will help our users navigate Web 3 space, and plays into our mission of growing, and becoming increasingly interoperable”.

With plans to enable cross-chain transactions between BNB Chain and other leading blockchain networks, ChainSwap aims to further expand the utility of its seamless cross-chain transactions for users.

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The post ChainSwap Adds BNB Chain to Their Decentralised Exchange appeared first on HIPTHER Alerts.

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