Monthly Archives: July 2022

CIM Group Closes $204 Million Construction Loan for Central Station Mixed-Use Multifamily Development in Downtown Phoenix

PHOENIX, AZ – CIM Group, a community-focused real estate and infrastructure owner, operator, lender and developer, announced that a CIM-managed fund has closed a $204 million construction loan to Medistar Corporation, GMH Communities, and a fund sponsored by CBRE Investment Management to finance the development of Central Station, a one million-square-foot mixed-use transportation hub in […]

Parallel Breaks Ground on 750-Bed Student Housing Development to Serve Students at Texas A&M University in College Station

COLLEGE STATION, TX – Parallel, an Austin-based real estate development firm, has broken ground on a 750-bed property at 401 First Street that will serve students attending Texas A&M University and marking the firm’s second recent development in College Station. The project at 401 First Street will offer a mix of unit types with an […]

Embrey Expands Multifamily Footprint With Development of 284-Unit Senna at Canyon Trails Apartment Community in Phoenix Area

GOODYEAR, AZ – Embrey, a San Antonio, TX-based vertically integrated real estate investment company, has closed on land in Goodyear, Arizona, the future home to the Senna at Canyon Trails multifamily community. With this development, Embrey is further broadening its footprint in the Phoenix metropolitan area, one of the fastest-growing markets in the country. Senna […]

Cityview Completes Acquisition of 135-Unit Burnside 26 Apartment Community in Vibrant Southeast Portland Upscale Neighborhood

PORTLAND, OR – Cityview, a vertically-integrated multifamily investment management and development firm, has acquired Burnside 26, a four-story podium-style apartment community in Southeast Portland that features 135 homes with 1,300 square feet of available restaurant space. Burnside 26 is located in a highly desirable, amenitized and walkable submarket 1.5 miles east of downtown and across […]

Toll Brothers Apartment Living Breaks Ground on Flagship 422-Unit The Lindley High-Rise Apartment Building in San Diego

SAN DIEGO, CA – Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation s leading builder of luxury homes, announced the groundbreaking of The Lindley, a 37-story, 422-unit luxury high-rise apartment building on the edge of Little Italy in San Diego. Totaling more than 800,000 square feet, including more […]

ALLIED ORION SELECTED TO MANAGE AXIO, THE FREDD, VILLAS DE SANTA FE AND THE SUMMIT APARTMENT COMMUNITIES IN SAN ANTONIO: Firm Adds Another 1,130 Units to its Growing Portfolio in the San Antonio Market 

 Allied Orion Group has been selected by One Real Estate Investment (OREI) to manage Axio, The Fredd, Villas De Santa Fe, and The Summit apartment communities in San Antonio, Texas, adding another 1,130 units to its expanding portfolio in the San Antonio market.   Centrally located at 8722 Cinnamon Creek Drive in the Medical Center, Axio offers newly renovated one-, two-, and […]

LMC Announces Groundbreaking at Artemas

LMC, a wholly owned subsidiary of Lennar Corporation (NYSE:LEN) and a leader in apartment development and management, today announced the groundbreaking at Artemas, a mid-rise apartment community in Everett, Mass., an active suburb just 4 miles north of Downtown Boston. Artemas is one of LMC’s first two communities in the Boston market, joining Harper, in […]

Greystone Provides $60 Million in Acquisition Financing for 357-Unit Chicago Condo Deconversion

Greystone, a leading national commercial real estate finance company, has provided $60,000,000 in bridge financing to acquire a 357-unit condo deconversion property in Schaumburg, Illinois. The financing was originated by Eric Rosenstock and Dan Sacks, Co-Managing Directors in Greystone’s New York office, on behalf of Bayshore Properties, a longtime client.  Constructed in 1980, 21 Kristin […]

DB Capital Acquires 228-Unit Apartment Community in San Antonio

Los Angeles (July 20, 2022) — Multifamily investment firm DB Capital Management (“DB Capital”) has partnered with Sabal Financial Group to acquire Villas of Henderson Pass, a 228-unit multifamily community in San Antonio, TX. The property, which was 98 percent occupied at closing, is DB Capital’s third acquisition in San Antonio.   Located at 16465 […]

Cushman & Wakefield and Greystone Close Sale and Financing of Louisiana Multifamily Property

The joint venture team of Cushman & Wakefield and Greystone announced that they arranged the sale of and provided acquisition financing for The Lumiere, a 336-unit multifamily community located in Metairie, Louisiana, a sub-metro region of New Orleans. The multifamily property was sold by LURIN to buyer Onyx Partners. Cushman & Wakefield’s Mike Kemether, Christian […]