Past Projects

Combined 100 years of knowledge and experience in real estate.

NCA Past Projects

Hollywood projects

The Palladium

The Hollywood Palladium

Hollywood, CA
26-story hotel and residential tower
400 hotel rooms and 50 dwelling units

  • $20M renovation of existing 65,000 SF (with an additional 18,000 SF Mezzanine) historic entertainment venue and 10,000 SF of retail/restaurant use - long-term lease with Live Nation, the largest concert producer in the world
  • Proposed Development of a 26-story hotel and residential tower (422,000 SF) with 400 hotel rooms and 50 dwelling units
  • Approximately 85,000 SF of common area will include lobby, management offices and meeting space
  • Proposed development of a 237,000 SF, 13- story office building with podium parking
  • Development of an additional 20,000 SF of retail space
  • Total parking - 4 levels subterranean and 6 levels above-grade - 1,021 spaces
  • Property was sold in 2010

Hollywood Palladium Parcel Master Plan

Hollywood, CA
26-story hotel and residential tower
400 hotel rooms and 50 dwelling units

  • Located in Hollywood along Highland Ave one block from the famous Hollywood & Highland intersection, the renowned Kodak Theater, legendary Grauman's Chinese Theater and the Hollywood Walk of Fame
  • Per detail above envisioned adding additional retail along Sunset Blvd.
  • Incorporated hotel and condominium residential in a single building
  • Hotel space was connected to the Palladium and a separate office building
  • Parking was substantially below street grade.
paladium-parcel-master-plan
Highland Tower

The Highland Center

Hollywood, CA
24-story hotel tower
450 hotel rooms with ancillary retail components

  • Located in Hollywood along Highland Ave one block from the famous Hollywood & Highland intersection, the renowned Kodak Theater, legendary Grauman's Chinese Theater and the Hollywood Walk of Fame
  • Proposed Development of a 24-story hotel tower (420,500 SF) with 450 hotel rooms with ancillary retail components
  • Proposed Development of 16 residential units
  • Proposed Development of a 140,000 SF, 6-story office building
  • Total parking - 5 1/2 level subterranean and 3 levels above-grade - 1,120 spaces
  • Property was sold in 2010

1800 North Argyle

Hollywood, CA
16-story hotel
218 hotel rooms

  • Located in Hollywood along Argyle Avenue with frontage along US Hwy-101 and one block from the world famous Capitol Records building
  • Proposed Development of a 16-story hotel (120,000 SF) with 218 hotel rooms
  • The 19,658 SF site is currently occupied by a five-story, 38,000 square foot office building originally built in the 1960's. The office building is currently vacant
  • The parking podium will be comprised of three levels of above-grade parking containing a total of 109 parking spaces
  • Approximately 8,500 SF of space will be dedicated to hotel lobby, restaurant and management offices. The fitness center and pool deck will be located on top of the parking podium
  • Property was sold in 2010
Argyle
Cherokee

The Cherokee Las Palmas

Hollywood, CA
15-story hotel/residential tower

  • Located in Hollywood along Cherokee Ave (& Hollywood Blvd) two blocks from the famous Hollywood & Highland intersection, the renowned Kodak Theater, legendary Grauman's Chinese Theater and the Hollywood Walk of Fame
  • Proposed Development of a 15-story hotel/residential tower (289,000 SF) with 282 hotel rooms, 115 dwelling units and amenity retail
  • The hotel concept is to be a high-end luxury boutique
  • Total parking - 3 level subterranean - 377 spaces
  • Property was sold in 2010

State Farm Portfolio

The State Farm portfolio investment represented a $70.0M purchase of a 42 property portfolio of existing assets and land parcels throughout California. The existing assets consisted of over 565,000 SF of single tenant office buildings. The portfolio also included over 23 acres of vacant land in 9 separate parcels.

Approximately half of the existing assets were located in Southern California while the remaining assets were spread out from Bakersfield to Sacramento. The average age of the existing improvements at acquisition was 17 years with the average building size of 16,171 SF.

Nearly all of the space had been previously vacated by the owner and tenant State Farm Insurance Co. The buildings and parcels appealed to both value-add and opportunistic investors in addition to owner-users. Buildings were repositioned and remarketed in 2 tranches to investors and multiple end-users.

The initial tranche of repositioned asset sales of over 374,000 SF of existing buildings plus some land parcels exceeded a 3x multiple on invested equity in an approximate 12-months.

The second group of assets of over 134,000 SF + land in partnership with Buchanan Street Partners, exceeded a 50% IRR in an approximate 24-month hold period.

state-farm

Other Projects

Community Development

We have long established relationships with the best design consultants in the industry enabling us to execute the best development plans.

Medical Office Buildings

The NCA partners have significant experience in the acquisition, ground-up development and adaptive re-use of commercial buildings including general office and medical uses.