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The Big Burbank apartment-hotel complex will be built along I-5



The Big Burbank apartment-hotel complex will be built along I-5

In one of the region’s largest land transactions this year, properties along the Golden State Freeway in Burbank have sold $ 40 million to open the way for large-scale apartments and hotel complexes called LaTerra Burbank.

Los Angeles real estate company LaTerra Development plans to begin work this year on a $ 375 million project, which will include 573 apartments in two towers and a 307-storey seven-story hotel. Construction has been approved by the city and is scheduled for completion in 2023.

The complex will offer 69 units, 12% of the total, categorized as affordable and subsidized for residents who earn less than the regional median at the time, said Chris Tourtellotte, managing director of LaTerra Development. Rent has not been established for market-level units ranging from studio sizes to three-room apartments.

The property at 777 N. Front Street near Burbank Boulevard was sold to LaTerra and Canadian investment company QuadReal Property Group by the Boeckmann family, which owns Galpin Ford and once considered opening a car dealership at the site. Lastly used for the production of storage cases by Zero Manufacturing.

Rendering from La Terra Burbank, a $ 375 million apartment and hotel complex was approved for construction on Front Street along I-5 next to the Metrolink train station in Burbank.

(Urban Architecture Lab / La Terra Development)

Escrow lasted more than four years because the sale depended on city approval for housing and hotel developments, Tourtellotte said. City Council approved the project unanimously in December.

The 8-length site near the Burbank Metrolink train station will include public facilities such as galleries, landscape sidewalks with outdoor seating and protected bicycle paths along Front Street. Lifts and stairs will help pedestrians cross from Front Street to downtown Burbank on the Magnolia Boulevard bridge over the freeway.

Rendering of the roof deck for tenants at La Terra Burbank.

Rendering of the roof deck for tenants at La Terra Burbank.

(Urban Architecture Lab / La Terra Development)

There will be a rooftop swimming pool and a table for residents and a separate pool for guests at the hotel, which does not yet have an operator. There will also be retail space for rent covering 1,100 square meters.

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Burbank has one of the highest employment and housing inequalities in California, said real estate broker Brett Warner of Lee & Associates, who helped regulate property sales and was a former president of the Burbank Chamber of Commerce. Thousands of people commute to town every day to work in large companies such as Warner Bros Studios and Walt Disney Co.

Rendering from the planned hotel entrance to La Terra Burbank, the $ 375 million complex was approved for construction in Burbank.

Rendering from the planned hotel entrance on Front Street. The operator has not yet been named.

(Urban Architecture Lab / La Terra Development)

The project, which can be renamed before opening, was designed by Urban Architecture Labs and TCA Architects. The developer hopes to achieve LEED gold certification that is environmentally friendly from the United States Green Building Council, Tourtellotte said.

La Terra specializes in building urban housing and is currently developing a complex use complex in the Los Angeles neighborhood of Los Feliz near the Vermont / Sunset subway station Metro Red Line. The company recently also acquired an apartment development site on Santa Monica Boulevard in West Hollywood with QuadReal.

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PRR. Banco do Fomento invites companies to offer new financial instruments – Observer



PRR.  Banco do Fomento invites companies to offer new financial instruments – Observer

Banco Português de Fomento started a public consultation this Friday aiming to receive contributions to launch new instruments under the Recovery and Resilience Plan (PRR) which still has 475 million euros.

In a statement, the organization stressed that it intends to invite companies and all stakeholders to participate in public consultations on “future capital and quasi-capital decisions.”

According to PRR, Banco Português de Fomento (BPF) has been cast in “structuring and distribution of capital decisions and quasi-equity capital of a total of €1,425 million under the Capitalization and Business Innovation component of the PRR.

The Belarusian Popular Front still has 475 million euros to launch new programs, the organization’s press release emphasizes.

The public consultation is aimed at soliciting contributions under “the terms of two pre-structured financial instruments designed to encourage company formation and/or capitalization of businesses, primarily in the start-up phases”, “Venture Capital Program” (an instrument that assumes a fund structure of funds)” and “The Deal Co-investment Program (an instrument that takes the form of direct investment in companies, always in co-investment with private investors)”.


“These tool proposals are aimed at facilitating market entry and growth/expansion of viable companies through the development new products/services or markets and strengthening and professionalization of personnel, including the management team,” the BNF press release further emphasizes.

The public consultation is also aimed at obtaining “other proposals for new capital and quasi-capital solutions in accordance with the terms of the aforementioned capitalization funds, which are considered relevant and necessary because they are considered unavailable at the time, or existing conditions that prevent access and use.”

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Ana Carvalho, CEO of BPF, emphasized that these public consultations “are aimed at building an open dialogue with all actors of the business ecosystem, with to improve workflows and identify market failuresand the most appropriate solutions to overcome them.”

“Although we are actively in contact with various associations and institutions, this public comment allows all interested parties to participate, especially potential beneficiaries and partners involved in these measures,” he added, quoted in a press release.

All information and technical descriptions of the two pre-structured products are available on the Banco Português de Fomento website at the link

Suggestions or offers must be submitted online for a thorough assessment by the Belarusian Popular Front until 18:00 on December 19, this body further explained.

The mission of Banco Português de Fomento is to support the economic and social development of Portugal by creating and providing innovative, competitive and appropriate solutions to the needs and challenges of the business ecosystem, enhancing entrepreneurial potential, investment and job creation, and promoting sustainability and economic, social and territorial cohesion of the country.

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FESTin returns to distribute Portuguese-language cinema worldwide | Cinema



FESTin returns to distribute Portuguese-language cinema worldwide |  Cinema

For the 13th edition, FESTin’s mission remains the same: “Bring cinema in Portuguese to the whole world.” So says co-director Adriana Niemeyer by phone with PÚBLICO on the eve of the start of the film festival, which starts this Friday and runs until next week, ending on Wednesday the 14th at LX Factory at 7:00 pm, in Espaço Talante, inside the bookstore Ler Devagar , with a screening of four Brazilian short films chosen by Antonio Grassi, the actor in charge of the space, followed by a toast.

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VARIOUS. Portuguese project that wears a shirt for mental health



VARIOUS.  Portuguese project that wears a shirt for mental health

Little phrases with big meaning sometimes fit into T-shirtright now in bag da Ivory, a project that began in the year of the pandemic and has been interventionally warning about mental health issues ever since.

Francisco Soares Ganzo, the founder, first suffered a panic attack when he was in 10th grade, but ended up not paying much attention to signs that something was wrong. Then the mental health problem reappeared later, at a different stage in life and with different symptoms.

“Four years ago, I started experiencing constant anxiety, to the point that I couldn’t sleep,” says 25-year-old Francisco Versa. “Basically, I put a lot of pressure on myself from the women with whom I had relationships. It was Wednesday masculinity, competition,” he continues.

Early adulthood began with this “almost obsession to be with women” and get the best. performanceto the point where he became very anxious whenever he had sexual relations with a woman.

“The peak was when I couldn’t sleep. My brain was always on and I started taking pills to help me sleep,” says Francisco.

In 2019, he decided to see a therapist rather than a psychologist because he thought it was only “for wimps”, but it wasn’t, and Francisco later figured it out.

Today, he wants to convey the same message, and to do so, he created the Ivory project in 2020, consisting of clothes and accessories with special messages that form a bridge to the necessary incentive for those in need of help.

“When I finally worked up the courage to ask for help, I was like, ‘Wow, I wish I had started sooner. That’s why I started this project. I lacked something that would motivate me to go to therapy earlier. clothes are meant to spread information,” he says.

But Ivory goes far beyond what is written in sweatshirts and accessories.

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Help that comes in order

“Everyone you know is fighting a battle you know nothing about.”

This is one of the messages recorded in t-shirts e sweats from ivory. It’s simple and affects everyone in their own way, but the focus of the Ivory team – also with a past or present marked by mental health issues – is not the phrases on the T-shirts, but what follows them.

“To say that mental health is talked about a lot is a lie. What I mean? When I hear the news that companies are very concerned about mental health or that it has become fashionable with COVID-19, it is all a lie. What people say is vague. Nobody tells stories. A person who is really bad, like I was, does not need to hear that he should go to the gym or eat well. He needs to hear a story like this.” .

Ivory’s next step is to create a space for sharing testimonies through Appendixjust to address this shortcoming. Until then, the project intends to function as anxiety And further to support in the field of mental health.

“For every order we have, a person receives Email mail to make an appointment. Because our goal is to really open doors, to do something that I didn’t have, ”says Francisco. “I feel like a lot of people buy ivory because they’re in bad condition, but they don’t want to take the next step to take care of themselves.”

If encouragement is not enough, an ivory sweater will be cozy and Email mail gives you the push you need to make an appointment with one of Ivory’s psychologists. All it takes is an Instagram post or an email.

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Sweaters and bags 100% organic cotton and mobile phone cases with phrases coined by Francisco Soares Ganzo and designs created by the whole team can be ordered at website.

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