Onni Group

Last updated
Onni Group
Company type Private
Industry Real estate development
Founded1965;59 years ago (1965)
FounderInno De Cotiis
Headquarters
Vancouver, British Columbia
,
Canada
Website onni.com

Onni Group is primarily a real estate development company, headquartered in Vancouver. The company has built a variety of residential, commercial, and rental projects across Canada and the United States for various uses. [1] The company started investing in the US in 2010 by acquiring apartment properties in Phoenix. [2] Since its initial investments in the US, the Onni Group has become one of the biggest developers in Los Angeles. [3]

Contents

Onni was fined $24,000 by the City of Vancouver in May 2017 for the operation of illegal short-term rentals at The Level, located at 1022 Seymour Street, despite warnings from the city that date back over a year. [4]

In 2016 Onni were ordered to pay back $1.5 million to the City of Vancouver. An investigation found that City staff approved the DCL waiver for the Charleson Project in error. [5]

In 2018, Onni Group donated $50,000 to José Huizar, a member of the Los Angeles City Council who was under investigation by the FBI, weeks before Huizar voted to allow them to raze a downtown property. [6] [7] [8]

Projects

United States

Other properties

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References

  1. "Company Overview of Onni Group of Companies Ltd". Bloomberg . Retrieved November 14, 2017.
  2. Maidenberg, Micah (May 29, 2014). "Onni's Chicago deals keep Vancouver native busy". Crain's Chicago Business. Retrieved February 18, 2020.
  3. Hoberman, Natalie (February 8, 2019). "Onni Group has become one of LA's biggest developers. Has it moved too far too fast?". TheRealDeal. Retrieved February 18, 2020.
  4. "Vancouver developer fined for running short-term rentals | CBC News".
  5. "City releases its findings on DCL waiver issue | City of Vancouver". vancouver.ca. Archived from the original on 2017-04-21.
  6. "Onni Group's $50K donation linked to L.A. councilman investigated by FBI". Vancouver Sun. 2019-02-07. Retrieved 2023-11-11.
  7. Zahniser, David (7 February 2019). "Downtown L.A. developer donated $50,000 before pivotal vote involving high-rise project, records show". Los Angeles Times. Retrieved 2023-11-11.
  8. Staff, T. R. D. (7 February 2019). "Onni donated $50K to Jose Huizar-tied group before vote on Times Mirror Square". The Real Deal. Retrieved 2023-11-11.
  9. 1 2 Bhatt, Sanjay (November 19, 2013). "Developer proposes 4 residential towers in SLU". The Seattle Times. Archived from the original on October 11, 2016. Retrieved November 14, 2017.
  10. Vincent, Roger (December 9, 2016). "Developer details high-rise residential, retail plans for historic L.A. Times property". The Los Angeles Times . Retrieved November 14, 2017.
  11. DeMay, Daniel (April 22, 2016). "Historic downtown building sold for $30 million". Seattle Post-Intelligencer . Retrieved November 14, 2017.
  12. Khashimova Long, Katherine (May 30, 2020). "Big developer backs out of $25M South Lake Union land deal, blaming coronavirus downturn". The Seattle Times. Retrieved May 30, 2020.