Shopoff JV Signs Management Agreement for Los Angeles Sports Entertainment Development
Plenitude Holdings LLC has signed an agreement with Sports Facilities Management to manage The Creek at Dominguez Hills development project.
Plenitude Holdings LLC, a real estate investment partnership between Blanchard Entities and Shopoff Realty Investments affiliated entities, has signed an agreement with Sports Facilities Management to manage The Creek at Dominguez Hills development project.
The Creek at Dominguez Hills is an 87-acre sports, recreation, and entertainment development project in Carson, California that will include exercise and sports venues, as well as retail and restaurants. The property currently operates as a golf course.
“Securing a full-time management company for the sports complex portion of The Creek at Dominguez Hills is a major milestone for the project, allowing us to start planning and programming the multi-use sports facility, one of the anchors of the project,” said William Shopoff, Shopoff Realty Investments president and chief executive officer.
Plenitude noted that Sports Facilities Management will provide full-time management for the sports complex and day-to-day oversight of the venue, including sponsorship sales, staffing, program development/management, events booking/management, event economic impact and financial tracking/reporting, and human resources.
Plenitude Holdings, which focuses on value-add real estate investment and development in California and Nevada, is currently finalizing development plans for The Creek at Dominguez Hills and expects to break ground in mid-2021.
Shopoff Realty Investments is an Irvine, California-based real estate firm with a 28-year history of value-add and opportunistic investing across the United States. The company primarily focuses on generating appreciation through the repositioning of commercial income-producing properties and the entitlement of land assets. The 28-year history includes operating as Asset Recovery Fund, Eastbridge Partners and Shopoff Realty Investments (formerly known as The Shopoff Group).
