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251 Douglass Street in Brooklyn, New York
Company NewsDevelopmentFinanceNew YorkNewsNortheast

Joint Venture to Develop $184.3 Million Mixed-Use Development in Brooklyn, New York

by Channing Hamilton

BROOKLYN, N.Y. — Canyon Partners Real Estate LLC, Tavros and Charney Cos. have formed a joint venture to develop 251 Douglass Street, a mixed-use development in the Gowanus neighborhood of Brooklyn. The project is being capitalized with $64.4 million in equity and a $119.9 million senior construction loan through Barings. Jordan Roeschlaub, Dustin Stolly and Chris Kramer of Newmark led the team that arranged the financing. The development will comprise 260 units across 15 stories, as well as ground floor retail space and parking. The project is also planned to offer …

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CaliforniaCompany NewsNewsPeople NewsWestern

BH Properties Selects William Stoll to Lead $1 Billion Affordable Housing Investment Initiative

by Channing Hamilton

LOS ANGELES — BH Properties has begun an investment initiation into affordable housing with the goal of building a $1 billion portfolio of assets. The new platform will focus on low-income housing tax credit, Section 8 and age-restricted housing throughout the United States. The initiative will be led by William Stoll, who BH Properties hired as a managing director. Prior to joining BH Properties, Stoll worked at Steadfast Companies for 14 years. He joined the firm in 2009 as the manager of a Southern California portfolio of 10 LIHTC properties …

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Company NewsDevelopmentFloridaNewsSoutheast

New Joint Venture to Develop $500 Million Community in Miami, Florida

by Channing Hamilton

MIAMI, FLA. — Lest Group and Opportunity Fundo de Investimento Imobiliário (Opportunity) have formed a new real estate development company, LORE Development Group (LORE). Leste Group is a global independent alternative investment manager. Opportunity is a private investment firm based in Rio de Janeiro, Brazil. The first property to be developed by LORE is a 500-unit community trendy Brickell district. The $500 million project will comprise 442,000 square feet, including 2,000 square feet of ground floor retail. The firm plans to construct more than $1 billion in multifamily projects over …

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Company NewsNewsPeople NewsTexas

CBRE Selects Croft Young as Chief Investment Officer

by Channing Hamilton

DALLAS — Croft Young, a senior investment banker, will join Dallas-based CBRE in July as the company’s Chief Investment Officer. Young will join CBRE’s global executive committee and will report directly to Bob Sulentic, CBRE’s president and CEO. Previously, Young served as managing director of Morgan Stanley’s real estate investment banking group. He received a BA from the University of North Carolina at Chapel Hill and an MBA from UNC’s Kenan-Flagler Business School. Prior to joining the workforce, Young served in the United States Marine Corps for 13 years. He …

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St. Paul Collection in Denver, Colorado.
ColoradoCompany NewsNewsOperationsWestern

Asset Living to Manage St. Paul Collection in Denver

by Channing Hamilton

DENVER — Asset Living has been awarded management of St. Paul Collection, a 165-unit building in Denver’s Cherry Creek North neighborhood, three miles southeast of downtown Denver. St. Paul Collection offers one-, two- and three-bedroom floor plans. Community amenities include a pool with hot tubs and day beds, a lounge, fitness center, sun terrace, bike storage and a coffee bar. Asset Living took over management for the community in March 2023.

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District 28 in Houston, Texas.
Company NewsNewsOperationsTexas

Asset Living Awarded Management for Two Communities in Houston Metropolitan Area 

by Channing Hamilton

HOUSTON AND RICHMOND, TEXAS — Asset Living has been awarded management of two properties in the Houston metropolitan area. District 28 is a 299-unit community in Houston’s Medical Center South neighborhood. The property offers one- and two-bedroom floor plan, as well as amenities such as a pool and fitness center. Haven at Bellaire is located in the southwest Houston suburb of Richmond. The community offers 297 one- and two-bedroom units. Amenities include a pool, outdoor kitchen and a fitness center with a yoga and spin studio. Asset Living took over …

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Oxenfree rendering
Build-to-RentCompany NewsDevelopmentMidwestNewsSoutheastTexas

Core Spaces Launches Build-to-Rent Brand, Plans 8,000-Unit Pipeline

by Lynn Peisner

CHICAGO — Core Spaces, a Chicago-based developer that was founded in 2010 and specializes primarily in student housing, is debuting a build-to-rent brand called Oxenfree. The company also operates out of an Austin, Texas, office. The first two projects will be developed in Princeton, Texas, and Nashville, Tennessee, and will be completed by approximately 2024. Oxenfree properties will also be constructed in Denver, Dallas, Austin and San Antonio, Texas, Tampa and Orlando, Florida, Charlotte and Raleigh, North Carolina, and Chicago. The communities will be developed as single-family and townhome-style dwellings. The …

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Leena Plantation in Broward County
Company NewsDevelopmentFloridaNewsOperationsSoutheast

Merrimac Selects Altman to Manage $90 Million Broward County Project

by Lynn Peisner

PLANTATION, FLA. — Merrimac Ventures has selected the Altman Management Co. (AMC), a division of The Altman Cos., to manage Leena Plantation in Plantation. The 306-unit property is under development by Fort Lauderdale-based Merrimac and is scheduled to open this summer. Leena Plantation is comprised of one- to three-bedroom units. The $90 million project broke ground in 2021 and consists of two six-story buildings. Amenities include a club room, pool, covered terrace, barbecue grilling stations, two exterior courtyards, a fitness center, a coworking and business center with private offices and …

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Fieldpointe of Schaumburg
Company NewsIllinoisLeasing & MarketingMidwestNewsOperations

RMK Selected to Manage Fieldpointe of Schaumburg

by Lynn Peisner

SCHAUMBURG, ILL. — RMK Management Corp. has been named property manager of Fieldpointe of Schaumburg, a 396-unit community in Schaumburg, Ill., a northwest suburb of Chicago. Fieldpointe comprises 12 three-story buildings and features studio, one- and two-bedroom layouts measuring 548 to 948 square feet. Rents range from $1,382 to $1,950.    The property is pet-friendly and offers a pool, covered or garage parking, bike storage and package services. Capital improvement projects are scheduled at Fieldpointe in the coming months, including a roof replacement and cosmetic updates to shared corridors. Chicago-based …

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A 3D render of Altra Kendall, a white multifamily community behind a pond with a fountain.
Company NewsFloridaGeorgiaNewsOperationsSoutheast

Altman, RAM Partners Form Property Management Partnership

by Channing Hamilton

FORT LAUDERDALE, FLA. — Altman Management Co. (AMC), a subsidiary of Fort Lauderdale-based The Altman Cos., has formed a partnership with RAM Partners. RAM Partners is a full-service third-party residential property management company based in Atlanta. RAM Partners will provide support to AMC’s property marketing, training, business systems and revenue management teams, as well as the firm’s ancillary services department. AMC will continue to handle resident-facing functions such as leasing and property management. AMC currently manages more than 27,000 units across 105 communities.

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