LONG BEACH, Calif. (June 25, 2021) – Ensemble is defined by Merriam-Webster as “A group producing a single effect…” and that’s precisely what Ensemble Real Estate Solutions & Investments has accomplished in Long Beach for 25 years – producing a single effect of excellence with an investment of more than $500 million in acquisitions and new developments and employment of more than 180 team members locally.
“Long Beach is a much bigger and better city due to the presence of Ensemble for the last 25 years. They have had an impact as a local employer, amazing developer and community leader from every sector including the amazing Hotel Maya on the waterfront to the ultra modern The Crest mixed use project near the convention center to the recently renovated 444 West Ocean commercial space across from City Hall,” said Robert Garcia, Mayor, City of Long Beach. “Every project and program that Ensemble Real Estate is involved with is a winner. I congratulate Kam Babaoff and his entire team on their milestone anniversary.”
Ensemble had the early market vision and set the investment standard for Long Beach and currently owns and manages approximately 830,000-square-feet of real estate in a variety of sectors in Long Beach including Hospitality with Hotel Maya – a DoubleTree by Hilton – a full-service, design-award-winning, boutique hotel on more than nine acres of waterfront, the 199 room property presents an alluring fusion of Latin American and Southern Californian styles, and Residence Inn Long Beach – that sits on three acres of scenic waterfront property with 178 rooms in an 11-story building; Multifamily with 442 Residences – with a boutique hotel ambiance, this intimate for-lease enclave of modern urban flats immerses residents in the diverse and artistic spirit of Long Beach, The Crest – situated across from the Long Beach Convention and Entertainment Center, this for-lease residential address offers a distinctive lifestyle for a discerning few, and The Magnolia, which is currently under construction will feature a mix of studio, one-bedroom, two-bedroom and three-bedroom units elevated over 4,000 square feet of ground floor retail, a landscaped dog park and 3 levels of parking; and Commercial with 444 West Ocean Office Building – resonating with the broader market from traditional companies such as lawyers and shipping firms, to the full spectrum of creative businesses driving Southern California’s new and recovering economy.
Since 1996, Ensemble has also been involved in a variety of Long Beach properties and projects that have sold including Hospitality with Hilton Long Beach Hotel; and Commercial with 110 Pine Avenue Office Building, 115 Pine Avenue Office Building, 200 Pine Avenue Office Building, 100 E. Ocean, and Long Beach World Trade Center Office Building.
“When we relocated Ensemble 25 years ago to Long Beach, our goal was to open and operate in a city that we could make an immediate impact and truly have a long lasting economic and community effect,” said Kam Babaoff, Founder and Chairman of Ensemble Real Estate Solutions & Investments. “We found that and more in the City of Long Beach and we are grateful to call it home for 25 years. We’re proud to be involved in every aspect of life here from providing jobs for hundreds of employees to welcoming thousands of visitors to our properties each year.”
Many Ensemble Real Estate executives have been involved in the Long Beach community including Senior Vice President of Hotel Operations Kristi Allen, who has served as Chairperson and-or Board Member of the Long Beach Convention and Visitors Bureau, Downtown Long Beach Alliance and Long Beach Area Chamber of Commerce; and former member of the City of Long Beach Economic Development Commission.
“The Chamber has enjoyed a significant business relationship with Ensemble for many years and in a variety of positive ways including creation of and support for the Long Beach Hospitality Alliance,” said Jeremy Harris, President & CEO at Long Beach Area Chamber of Commerce. “Ensemble has been a long standing member of the Chamber and their staff have served in a variety of capacities from Board Chair to Committees Members. We are grateful for their ongoing support and commitment to our business community.”
Hotel Maya General Manager Greg Guthrie is current Board Chair of Long Beach Hospitality Alliance and current Board Member of The Long Beach Convention and Visitors Bureau. Ensemble Real Estate Director of Finance and Analytics Sam Pierzina is current Board Member of Downtown Long Beach Alliance, and Ensemble Real Estate Senior Vice President of Asset Management Roni Gould is past Board Member of Downtown Long Beach Alliance.
A variety of Ensemble staff have also filled key roles in local organizations including the Women’s Business Council at the Long Beach Area Chamber of Commerce, along with donations and volunteer work with Boys & Girls Club, Ronald McDonald House and Precious Lamb Preschool through the DoubleTree by Hilton’s CARE program at Hotel Maya.
“From a Downtown perspective, Ensemble continues to have a positive impact in the City but most importantly, in leadership positions within our organization,” said Kraig Kojian, President & CEO at Downtown Long Beach Alliance. “Their executive management team have filled a variety of roles within the DLBA – from Board Chair to Board of Directors to various committees – and they continue to play a key role in the development and direction of our Downtown community. We are grateful for their expertise and contributions to the success and growth of Long Beach.”
Ensemble Real Estate Solutions & Investments has received many awards in Long Beach including the Industry Award at the 125th Gala Honoring “Commercial Real Estate Development” from the Long Beach Area Chamber of Commerce. Ensemble is a widely respected leader in its industry and has revolutionized the art of delivering new iconic and strategically engineered properties and beautifully preserved historic buildings—all designed to transform and inspire the communities they serve.
About Ensemble Real Estate Investments
Over the past 40 years, Ensemble has successfully invested and developed more than $2 billion in real estate across the United States, offering state-of-the-art property solutions in the healthcare/life science, hospitality, commercial, multi-family and mixed-use sectors. Headquartered in Long Beach, California, Ensemble has offices in Philadelphia, Phoenix, Las Vegas, and Reno and has over 750 employees. For more information, visit www.ensemble.net.
###