Governator is Living L.A. Live

The Ritz-Carlton Residences at L.A. Live had their official groundbreaking yesterday. Among those who put down a deposit for one of the residences is California Governor Arnold Schwarzenegger. Developer Anschutz Entertainment Group (AEG) will utilize Sequent’s transaction management power to close the condominium sales efficiently and comfortably.

Los Angeles CA. June 2, 2007//- Buyers of the L.A. Live condominiums are going to move right in the middle of downtown Los Angeles, with as much entertainment and sports one could possibly wish for. One of the new neighbors will be Governor Arnold Schwarzenegger who has already put down a deposit for one of the residences. AEG and several partners are developing the complex that includes ballrooms, bars, concert theatres, restaurants, movie theatres, and hotels.

AEG has decided to do all it can to keep a good handle on organizing the development. For the condo residences part of the project, the developer has chosen to streamline their marketing and closing process with a sophisticated transaction management tool called Sequent Enterprise.

Sequent Enterprise, a product of Sequent Systems, is being used as the project’s transaction management software, connecting all the parties on a web-based platform. Sequent Enterprise allows AEG to track the whole project from beginning to close. The developer can pull pertinent pieces of information and full-fledged real-time reports throughout the project.

The residences will feature modern style homes with city and mountain views. The same building hosts a J.W. Marriott and a Ritz-Carlton hotel. The Ritz-Carlton will provide in-residence catering, cleaning, and other five-star hotel services to the condominium owners. The Ritz-Carlton Residences will also include spa, fitness center, pool, lobby, and exclusive resident concierge services.

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About Sequent Systems:

Sequent Systems has been at the forefront of cloud based real-estate transaction management since it first launched its landmark Sequent Enterprise product, now used by condo developers and marketers world-wide. The company was founded in 2002 by real estate professionals with decades of industry experience. Sequent Enterprise quickly turned into the tool of choice for everybody working in multi-unit residential real estate. More recently, Sequent Systems is also servicing the single-family home sale market with their latest real estate transaction management tool, EZ Coordinator.

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