Press Release
The Normandie a 1960s Era Mid Century Modern Apartment Community Featuring Newly Renovated One, Two-, and Three-Bedrooms, Begins Leasing

United States, 17th Apr 2025 – VF Developments, LLC, a minority and female owned and run company, has begun leasing “The Normandie” a 1960’s midcentury modern apartment community. The attractive infill Los Angeles multifamily rental community offers fourteen newly renovated rental homes with one-, two-, and three-bedroom floorplans.
111 N Normandie Avenue, located in the heart of central Los Angeles, features a 14-unit, two-story low-rise building with exterior enhancements that include a 1960s retro dingbat sign that complements the natural materials used. Blood red accents the original style wood façade along with main entry doors. VF Developments, LLC acquired the Los Angeles multifamily property with the plan of repositioning and adding capital improvements.
A renowned LA designer carefully restored and designed these late 1960s modern luxury rental homes featuring keyless entry door locks to spacious one, two and three-bedroom floor plans with newly renovated kitchen and bathrooms. The kitchens boast sparkling white stone quartz countertops with brand new self-closing cabinetry and high-end stainless-steel refrigerators with matching gas cooktop with oven and microwave. iRing doorbells with a smart home video security camera are also included. Bathrooms feature porcelain tiled bath tubs and glass shower doors. Each rental home also includes central A/C cooling and heating with recessed lights with luxury style cellular shade window blinds and distressed wood plank floors. There’s a community washer and dryer on site. 111 N. Normandie Avenue, located just minutes from the 101 Freeway and Larchmont Village, features a fourteen-unit, two-story low-rise building with enhanced modern architecture and a gray cement shade base and accents of earth tone colors.
Inspired by midcentury Modernism architecture, these newly renovated rental homes are located in the heart of Koreatown, and minutes to hip Echo Park and Silverlake, Hollywood, and thriving Downtown Los Angeles. This location is Very Walkable with a Walk Score of 86 out of 100, so most errands can be accomplished on foot. 111 North Normandie Avenue is a 14-minute walk from the Metro B Line (Red) at the Vermont / Beverly Station stop. This location is in the Wilshire Center – Koreatown neighborhood in Los Angeles. Nearby parks include South Serrano Avenue Historic District, Wilton Historic District and Shatto Recreation Center.
The apartment homes are featured on https://www.drakereg.com/for-lease as well as VF Developments’ website https://vf-developments.com/ and on Instagram https://www.instagram.com/vfdevelopments/ and on Zumper https://www.zumper.com/pros/vf-developments-llc/vfdevelopments. The apartments community is managed by Drake Property Management.
VF Developments LLC, led by Victoria Vu, restored these rental homes to its original 1960s condition with upgraded enhancements and features. Ms. Vu, managing partner of VF Developments, LLC, is a fashion designer turned real estate developer specializing in distressed multifamily apartments throughout Los Angeles and Orange County. Ms. Vu graduated from The Fashion Institute of Design & Merchandising.
Ms. Vu stated “We are excited to begin leasing these new rental homes. We really enjoyed restoring a 1960s era apartment community to its original condition. These luxury rental homes feature key-less entry door locks entering you into spacious one, two, and three-bedroom floorplans. There are bold designer touches throughout from the white stone quartz kitchen countertops upgraded with high-end stainless steel Whirlpool refrigerators with matching appliance package. Our bathrooms have been fully renovated with the spa as inspiration. Pebble floors complement the brand-new oversized tubs with glass shower doors and designer gold hardware. This property is truly a gem with its central location to hip Echo Park and Silverlake, Hollywood, and thriving Downtown Los Angeles, and everything that Los Angeles has to offer.”
James L. Kemple, a U.S military veteran, general contractor, and the owner of Patriot Painting & Construction, Inc., completed the exterior and interior renovations. He noted “We were able to legally reconfigure the original studio, one-, and two-bedroom floor plans to one-, two-, and three-bedroom layout like our project at 920 Everett Street in Chinatown and 1980 Park Grove near USC. This greatly helps maximizing the space for our future residents and assisting with the housing shortage. The team that completed the renovations on the units were entirely locally based minority vendors, employees, and contractors. This was the same team we used on the reconfigurations at 920 Everett Street near Chinatown and 1980 Park Grove near USC. We are proud to create jobs in the USC and DTLA area for minorities, significantly improve the community, and provide more affordable housing.”
Victoria Vu commented, “We are truly grateful for the opportunity to complete the renovations on 111 N Normandie, bring the property to market, and lease it up to provide much needed affordable housing to the city of Los Angeles. This project was similar to our project at 920 Everett Street near Downtown Los Angeles in the Chinatown area where we were able to legally convert a two bedroom to a three bedroom to maximize the space for our future residents. We strive to provide our residents with class A building finishes at affordable rents. As a first generation Asian American, myself and the team strive to enhance the communities around us and create modern living spaces for our future residents to call home.”
Kim Vu, renovation and maintenance manager for VF Developments, LLC, added, “After successful renovations at 920 Everett Street in Chinatown and 1980 Park Grove near USC we are excited to bring these units to market and welcome in our future residents to enjoy the space we have created. The apartment homes are high-quality finish with all new appliances.”
Established in 2015, VF DEVELOPMENTS, LLC, a minority and female owned and run company, has acquired over $77 million in multifamily properties with a portfolio consisting of 40 properties and 272 units located in Los Angeles and Orange County. 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 on the opportunity to create and provide modern living spaces 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. VF manages a multitude of processes including closing on unique, off market opportunities, syndication, interior and exterior renovations, and design 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 specialized in acquisitions, renovations, and multi-family management in Los Angeles and Orange Counties. The company targets under-performing and mismanaged multifamily properties in gentrifying areas of these counties. VF 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. Videos of these stunning communities can be viewed here – https://www.youtube.com/@vf-developments
Media Contact
Organization: VF Developments, LLC
Contact Person: Victoria V. Vu
Website: https://vf-developments.com/
Email: Send Email
Contact Number: +13109011189
Country:United States
Release id:26595
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The Normandie a 1960s Era Mid Century Modern Apartment Community Featuring Newly Renovated One, Two-, and Three-Bedrooms, Begins Leasing
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Cambridge Research Reveals the Centralization of Bitcoin Leveraged Computing Power XBIT Exchange Reveals Hegemony or Risk?
The latest research from the Cambridge Center for Alternative Finance (CCAF) shows that the United States currently controls 75.4% of the hash power of the global Bitcoin network, which is more concentrated than the period when China dominated in 2021 (65-75%). This data comes from a survey of 49 leading mining companies, whose combined computing power accounts for nearly 50% of the entire Bitcoin network. XBIT said that as the United States has become the world’s largest mining center, the controversy over the possibility that computing power monopoly may threaten the principle of network decentralization continues to heat up.
Twitter : @XBITDEX
The CCAF report pointed out that the current computing power scale of the United States is 600 EH/s (accounting for 75.4% of the global total of 796 EH/s), far exceeding other regions. The formation of this pattern is closely related to policy orientation-the Trump administration regards Bitcoin as “digital gold” and simplifies the energy approval process for mines through the “Acceleration Plan” of the Ministry of Commerce, attracting a large number of mining companies to move in. However, the trend of centralization has caused XBIT (dex Exchange) analysts to worry: If the US government adjusts its position in the future, will it be possible to use the computing power advantage to implement regulatory intervention?
History provides a warning case. After China banned mining in 2021, computing power was dispersed around the world in the short term, but it was eventually concentrated in the United States. Although there were no network abuse incidents during the period of China’s dominance, the current US computing power monopoly may give the federal government greater intervention capabilities. For example, through sanctions or executive orders to review transactions, or even require miners to implement specific block screening rules. XBIT (dex Exchange) researcher admitted: “The concentration of computing power may put Bitcoin at risk of ‘politicization’, which runs counter to the anti-censorship vision designed by Satoshi Nakamoto.”
US Secretary of Commerce Howard Lutnick’s recent statement highlights policy tendencies. He defined Bitcoin as a “commodity with a fixed supply” and promoted the reduction of mining costs through off-grid power generation facilities. “Imagine that your data center is next to a power plant – this will completely change the combination of energy and computing power.” His remarks reflect the federal government’s strategic intention to attract computing power investment.
Twitter : @XBITDEX
However, the checks and balances of the federal system may form a natural barrier. Officials in major mining states such as Texas have publicly opposed excessive intervention, believing that “damaging the value of Bitcoin will shake investor confidence.” In addition, the weakening trend of the US monetary sanctions system (such as shifting to tariffs rather than financial blockades) may reduce the government’s motivation to directly control the Bitcoin network. However, analysts at XBIT (dex Exchange) pointed out: “The risk has not been eliminated. If the concentration of computing power is superimposed on policy shifts, the struggle for network governance rights may trigger a chain reaction.”
The Bitcoin community’s experience in dealing with the concentration of computing power may be the key. The Chinese ban in 2021 caused the computing power to plummet by 50%, but miners migrated to North America, Central Asia and other places, ultimately driving the network computing power to rebound by 130% at the end of the year. This history shows that the distribution of computing power is dynamically adaptable, but under the current US-dominated pattern, the difficulty of decentralization has increased significantly.
Even if the current US computing power share is reduced to 50%, it is still far beyond the historical warning line. XBIT (dex Exchange) analysts pointed out: “The centralization of computing power is not irreversible, but it requires systematic efforts. Global miners need to find a balance between compliance and censorship resistance. XBIT (dex Exchange) crypto asset custody is not only an asset protection tool for high net worth investors, but also a core service that allows them to focus on strategic investment and optimize asset allocation.”
Twitter : @XBITDEX
The industry is facing a critical choice: to rely on US energy and policy dividends to maintain growth, or to accelerate the diversification of computing power in terms of geography and technology? The answer may lie in a combination of the two – through legislation to protect miners’ rights, develop anti-censorship mining protocols, and establish a cross-border computing power alliance, a more resilient network ecosystem may be built. As an early advocate of Bitcoin said: “The real enemy of decentralization is not centralization, but the habit of centralization.”
Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Foundation Capital Announces Strategic Investment in Arkon to Advance CeDeFi Innovation
PALO ALTO, CA — April 30, 2025 — Foundation Capital, a leading Silicon Valley venture capital firm, today announced a strategic investment in Arkon, a next-generation CeDeFi incubation platform. This partnership underscores Foundation Capital’s long-term commitment to supporting pioneering blockchain innovations and visionary entrepreneurs, jointly building a sustainable future for decentralized finance and accelerating global adoption.
Leading Financial Innovation and Empowering Web3 Ecosystem
Arkon positions itself at the cutting edge of financial technology, uniquely integrating the compliance strengths of centralized finance (CeFi) with the autonomy and innovation of decentralized finance (DeFi). The platform aims to become an essential resource hub, providing blockchain startups comprehensive tools—from multi-chain asset management, regulatory-compliant governance frameworks, technical incubation, to strategic market access—earning its reputation as the indispensable “Swiss Army knife” for Web3 entrepreneurs globally.
With this strategic investment, Foundation Capital will further empower Arkon by bolstering its technical capabilities, attracting top talent, enhancing brand presence, and expanding the global ecosystem, enabling startups to scale rapidly and sustainably.
Rodolfo Gonzalez, Head of Crypto Investments at Foundation Capital, stated:“Arkon exemplifies the type of innovative integration and market potential Foundation Capital seeks. By effectively bridging CeFi and DeFi, Arkon fosters industry innovation while maintaining robust global regulatory compliance, laying a solid foundation for sustainable growth in decentralized finance.”
With Rodolfo Gonzalez, Eric, Anand, Kumar, and Carolyn at Foundation Capital’s Palo Alto office in January 2025.
Building a Compliant and Robust Global Financial Ecosystem
This strategic partnership represents a shared vision between Foundation Capital and Arkon: to establish a technologically advanced, regulatory-compliant, and user-centric decentralized financial ecosystem on a global scale. Leveraging Arkon’s advanced cross-chain interoperability and unified account systems, users and institutions worldwide will benefit from seamless, secure, and efficient digital asset management across diverse blockchain environments.
Additionally, both parties will collaboratively explore innovative blockchain governance models, balancing decentralized community autonomy with stringent global regulatory requirements, ensuring transparent and efficient on-chain governance.
Foundation Capital will utilize its extensive global resources across North America, Europe, and Asia, enabling Arkon to cultivate a broader international partnership network and accelerate market penetration for incubated projects.
Exploring Future Opportunities to Accelerate Mainstream Adoption
Looking ahead, Foundation Capital and Arkon will work closely to identify and nurture the most promising Web3 innovations, driving healthy ecosystem growth and global adoption. This collaboration will further bridge innovation with regulatory compliance, strengthening Arkon’s global market presence and accelerating the mainstream acceptance of blockchain technology and decentralized finance solutions.
This strategic alliance heralds the advent of a transformative era in digital finance, positioning Arkon as a pivotal force leading the evolution and adoption of future financial technology.
About Foundation Capital
Founded in 1995, Foundation Capital has a longstanding history of investing in groundbreaking technologies. With over $6 billion in assets under management, the firm has backed more than 400 companies, including notable names like Netflix, Solana, and OpenSea. Foundation Capital continues to support early-stage ventures that are poised to make significant impacts across various industries.
About Arkon
Arkon is a pioneering CeDeFi incubation platform that offers end-to-end support for blockchain startups. By combining the regulatory compliance of CeFi with the innovative spirit of DeFi, Arkon provides a unique environment for the development and growth of decentralized financial applications.
For more information, please visit Foundation Capital and Arkon.
Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
CCAI Coin Surges 180% on Hotcoin Exchange Debut, Highlighting AI-Blockchain Potential
Hotcoin Daily Update (April 29, 2025): CCAI surged by 180.53%, ranking among top-performing tokens.
On April 28 at 20:00 (UTC+8), the CCAI token launched on the Hotcoin exchange, demonstrating strong market performance and receiving enthusiastic investor attention. According to official Hotcoin data, CCAI rapidly climbed the exchange’s trending token list, briefly reaching over 6.3 USDT—a remarkable 180.53% increase from its initial listing price. This impressive growth positioned CCAI as one of the standout newly-listed assets for the day. In celebration of the successful launch, the CCAI project initiated global events, providing a reward pool of 50,000 CCAI tokens, further fueling community engagement.
Long-term Potential in AI and Blockchain Integration
The significant attention garnered by CCAI is linked closely to the ongoing surge in integrating Artificial Intelligence (AI) with blockchain (Web3). Recent rapid advancements and widespread application of AI, combined with blockchain’s decentralization and trust mechanisms, have unlocked new real-world scenarios for AI implementation. Industry reports indicate that as of Q2 2025, five of the top 20 crypto market narratives involve AI, attracting interest from over 35.7% of investors. Furthermore, 87% of cryptocurrency users express willingness to allow AI to manage portions of their investment portfolios, highlighting the market’s confidence in AI-driven crypto projects as high-potential growth areas. Consequently, projects merging AI and blockchain technologies are expected to continually benefit from these dual technological advances and are projected by industry insiders to show strong long-term growth.
CCAI is strategically positioned in this burgeoning sector. According to Hotcoin’s official announcement, CCAI serves as a core token for an AI-powered quantitative trading ecosystem, empowering various blockchain applications like GameFi, SocialFi, and DeFi. In essence, CCAI leverages AI algorithms to enhance gaming, social, and decentralized financial applications, facilitating value transmission and incentive mechanisms through blockchain technology. This strategic alignment with two major trending sectors—AI and Web3—has been affirmed by CCAI’s robust debut performance. Analysts suggest projects that integrate AI technology with blockchain attributes are likely to distinguish themselves, driving sustained growth through technological innovation and practical applications.
Global “CCA MILES TOUR” Initiative Launched
Building upon its early technical and market achievements, the CCAI project is actively expanding its global community presence. Official sources confirm that the CCAI team has launched the “CCA MILES TOUR,” a worldwide AI-blockchain summit tour. Over the next year, this initiative aims to visit 100 cities globally, directly engaging developers, investors, and community members. The tour will focus on innovations at the intersection of AI and blockchain, present CCAI’s technological vision and ecosystem roadmap, and gather local community feedback. Through these extensive global roadshows, CCAI aims to strengthen international community participation, fostering consensus and laying groundwork for global growth. Such large-scale in-person exchanges are relatively rare in the blockchain sector, underscoring the project’s emphasis on community building and sustainable development.
CCAI has outlined a clear expansion roadmap. Firstly, regarding trading channels, the team plans to progressively list on more mainstream cryptocurrency exchanges to enhance CCAI’s global liquidity and accessibility. Following the successful Hotcoin debut, CCAI is expected to appear on additional leading exchanges, reaching a broader investor base. Secondly, regarding its ecosystem applications, CCAI intends to expand its global ecosystem through collaboration with international developers and partners. This strategy aims to enrich practical applications across sectors including GameFi, SocialFi, quantitative trading, and DeFi, encouraging more innovative projects to integrate into its AI ecosystem. Ultimately, CCAI aspires to build a decentralized, AI-empowered economic system, deeply integrating AI technologies with blockchain economies to create new value networks and business models. Whether CCAI can sustain growth within the dynamic crypto landscape remains a focal point of industry interest.
Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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