Olympus Property Acquires Luxury Class A Property in San Diego, CA
FORT WORTH, Texas, Nov. 15, 2022 /PRNewswire/ — Olympus Property is pleased to announce the acquisition of The Residences at Escaya, a 272-unit luxury Class A property in Chula Vista, California, 15 miles from Downtown San Diego. The Residences at Escaya is situated in Chula Vista’s rapidly growing Otay Ranch neighborhood, the best-selling 450-acre master planned community in San Diego. The property is located […]
McCourt Partners and TRU Development Announce Partnership to Develop Class A Multifamily Project in Henderson, Nevada
LAS VEGAS, Nov. 15, 2022 /PRNewswire/ — McCourt Partners, one of the most visionary and community-driven family-owned real estate development companies in the U.S., announced today a partnership with experienced Las Vegas-based TRU Development Company, a market leader with deep roots in the region, to develop a 244-unit, Class A apartment building in Henderson, Nevada. The project is set […]
Capital Square Begins Construction of Steamboat Basecamp Multifamily Development in Steamboat Springs, Colorado
STEAMBOAT SPRINGS, Colo., Nov. 10, 2022 /PRNewswire/ — Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and a developer of mixed-use multifamily communities, today announced the start of construction on Steamboat Basecamp, a 119-unit mixed-use multifamily property in Steamboat Springs, Colorado. The development is expected to be completed by fall 2023. Located at 1901 […]
Safehold Closes First Multifamily Transaction in Salt Lake City, Utah
NEW YORK, Nov. 10, 2022 /PRNewswire/ — Safehold Inc. (NYSE: SAFE), the creator and leader of the modern ground lease industry, has closed on a $26.5 million ground lease to facilitate the ground-up development of One Burton, a fully amenitized 180-unit multifamily project located in South Salt Lake’s new downtown district. The Qualified Opportunity Zone project will be developed by a new Safehold customer, […]
The Boca Raton Tower Reopens Following a Stunning Transformation
BOCA RATON, Fla., Nov. 8, 2022 /PRNewswire/ — South Florida’s iconic resort and private club, The Boca Raton, celebrates the opening of Tower, its fully reimagined fifth hotel that provides an elevated new perspective on luxury travel. Following a $65 million transformation, the 27-story Tower, situated next to the newly constructed Harborside Pool Club, showcases expansive suites, breathtaking vistas, and distinct programming […]
Avanta Hires Matthew Lynch as Director of Development for Florida
BOCA RATON, Fla., Nov. 8, 2022 /PRNewswire/ — Avanta Residential announced today that Matthew Lynch has been hired as Director of Development for Florida. In his role Mr. Lynch is responsible for sourcing and developing institutional quality rental neighborhoods throughout the state, including site selection, contract negotiations, overall relationship management, due diligence, and design. Matthew has over 12 years […]
Oldham Goodwin Capital makes Record Breaking Sale of Long-underutilized Westinghouse Building Project
COLLEGE STATION, Texas, Nov. 7, 2022 /PRNewswire/ — Dallas-based Big Sky Medical is the new owner of the Westinghouse Building at Providence Park. Oldham Goodwin Capital, the real estate private equity investment and development arm of Oldham Goodwin, acquired the 175,752 square-foot facility, which anchors the 52-acre College Station research and life science campus, in 2016. The facility had been barely […]
Madison Communities breaks ground on Madison Ashley Park in Charlotte, NC.
CHARLOTTE, N.C., Nov. 7, 2022 /PRNewswire/ — Madison Communities, an affiliate of Madison Capital Group, has recently broken ground on 288 units located in the West Charlotte Submarket at the corner of Wilkinson and West Morehead in Charlotte. Construction commenced in September. Madison Ashley Park will feature 253 units incorporated into a four-story building. Project amenities will include luxury […]
Safehold Closes $31.0 Million Ground Lease, Sixth Transaction in Denver, Colorado
NEW YORK, Nov. 7, 2022 /PRNewswire/ — Safehold, Inc. (NYSE: SAFE), the creator and leader of the modern ground lease industry, has closed on a $31.0 million ground lease to facilitate the ground-up development of Wilder, a 196-unit multifamily project approximately two miles west of Downtown Denver. The Qualified Opportunity Zone project will be developed by The Max Collaborative, an Ohio based firm […]
Fannie Mae Priced $392 Million Multifamily Social DUS REMIC (FNA 2022-M2S) Under Its GeMS Program
WASHINGTON, Nov. 3, 2022 /PRNewswire/ — Fannie Mae (OTCQB: FNMA) priced a $392 million Multifamily Social DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on October 27, 2022. FNA 2022-M2S marks the eighth Fannie Mae GeMS issuance of 2022. “We wrapped up October with the M2S, our second social GeMS of 2022,” said Dan Dresser, Senior Vice President, Multifamily […]