Wednesday, August 26, 2015

KZF Development Reaches 80-Percent-Sold Milestone at Meadow Ridge in Northbrook, IL

CHICAGO, IL– Northbrook, Illinois-based KZF Development has announced that homes have been moving fast this summer at Meadow Ridge, its private gated community of 164 luxury townhomes and duplexes in Northbrook.

Currently, Meadow Ridge has one duplex available for immediate delivery and another scheduled for completion in early spring. Both duplexes offer three bedrooms and 2½ baths.

An early-delivery townhome is also under construction. Set for delivery in four months, the townhome has three bedrooms and 2½ baths.

Located at Waukegan and Founders roads, Meadow Ridge is a maintenance-free community resting on 40 acres in a park-like setting with natural landscaping, water features and a mile-long walking/biking path around the perimeter of the development. Homeowners have a choice between two townhouse floor plans and four duplex designs that all feature two- to three-bedrooms, 2½ baths and attached two-car garages.
For a complete copy of the company’s news release, please contact:

Kelly Shumaker, (312) 267-4519

Emily Johnson,, (312) 267-4522

The Habitat Company Awarded Management of New 1000 South Clark Development in South Loop of Chicago, IL

Sheila Byrne
CHICAGO, IL – Chicago-based The Habitat Company, a leading multifamily property developer and manager in the United States, announced it has been awarded the property management contract for 1000 South Clark, a new 469-unit luxury apartment tower in Chicago’s South Loop neighborhood.

The building, which broke ground in the summer of 2014, is slated for delivery in early 2016.

“We’re very proud to partner with JDL Development and iStar on their largest and most ambitious rental property to date,” said Sheila Byrne, executive vice president of The Habitat Company.

“Residents have high expectations when it comes to living in a Habitat-managed building, so the endless list of amenities and top-of-the-line finishes at 1000 South Clark perfectly complement the high level of service synonymous with the Habitat name.”

For a complete copy of the company’s news release, please contact:

Cara Mooses,, 312.267.4523
Kim Manning,, 312.267.4527

Hold-Thyssen Negotiates Long Term Lease with Family Counseling Service at Counsel Square in New Port Richey, FL

Carol L. Kinnard
TAMPA, FL --- Carol L. Kinnard, transaction specialist at Hold-Thyssen, LLC, a commercial real estate services firm with offices in Tampa, recently negotiated a long-term lease renewal with a long-time tenant at Counsel Square I in New Port Richey.  

Suncoast Life Solutions, Inc., a tenant for over five years in Counsel Square I at 7612 Little Rd., renewed their lease of Suite 300C with 800 square feet. 

Suncoast President Denise McKenzie, who worked with Kinnard and the landlord said she is very pleased with the building enhancements since Hold-Thyssen Real Estate Services was awarded the property management at Counsel Square I.

Suncoast Life Solutions is a family counseling service that helps clients of all ages face emotional challenges in their daily lives.

Hold-Thyssen provides commercial property and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more than100 commercial properties throughout the United States.

For a complete copy of the company’s news release, please contact:

Larry Vershel or Beth Payan, Larry Vershel Communications Inc. 407-644-4142

Passco Companies Acquires Recently Developed 304-Unit Class-A Multifamily Community in Austin, TX

Lone Oak Apartments, Round Rock, TX

Gary Goodman

AUSTIN, TX (August 26, 2015) – Passco Companies, LLC has acquired Lone Oak Apartments, a recently completed 304-unit, Class-A garden-style multifamily community located in Round Rock, Texas, a suburb of Austin, according to Gary Goodman, Senior Vice President Acquisitions of Passco Companies.

“This acquisition furthers our company strategy to strategically invest in markets that are on pace for significant growth over the next decade,” explained Goodman.

“Located only 23 miles from Downtown Austin in one of the most desired suburbs in the region, this recently completed property will provide Passco with a consistently high-quality asset for years to come.”

According to Goodman, Lone Oak Apartments was completed in 2014, and is currently 92 percent occupied.

Chris Black of KeyBank Real Estate Capital’s Commercial Mortgage Group arranged the financing through Fannie Mae for the acquisition of the property.

For a complete copy of the company’s news release, please contact:

Corynne Randel/ Jenn Quader
Brower, Miller & Cole
(949) 955-7940

George Smith Partners Secures $13.6 Million Non-Recourse Construction Financing for Hampton Inn & Suites in Buellton, CA

LOS ANGELES, CA – Commercial real estate investment banking firm George Smith Partners has successfully arranged a $13.6 million construction loan on behalf of its clients, Jim Flagg and Steve Hughes, for the development of the Hampton Inn and Suites in Buellton, California according to George Smith Partners’ Principal and Managing Director Steve Bram, Senior Vice President David Pascale and Assistant Vice President Paul Monsen.   

The Buellton Hampton Inn & Suites, set to open in summer 2016, will be a high quality select service hotel, uniquely situated in the heard of Coastal California’s scenic wine country right off highway 101 with direct visibility from the freeway.

The property is adjacent to the Firestone Walker Brewing Company and just north of a 24 acre site designated for Crossroads Village, a major retail development.

 There are 60 wineries in the area, along with the Chumash Casino, and the cities of Los Olivos, Solvang, and Santa Ynez. Santa Barbara’s North Coast draws over 6 million visitors a year, over 25 percent of which stay in area hotels during their visits.

For a complete copy of the company’s news release, please contact:

Corynne Randel/ Jenn Quader
Brower, Miller & Cole
(949) 955-7940

The Altman Companies Breaks Ground on Altís Lakeline Apartments in Austin, TX

Altis Lakeline Apartments, 12700 Ridgeline Boulevard, Austin, TX
AUSTIN, TX –The Altman Companies, a nationally recognized developer of luxury apartment communities, has broken ground on its first development in Austin, Texas.  

Located at 12700 Ridgeline Blvd., the 354-unit Altís Lakeline is rich with features and amenities.

Altís Lakeline consists of 19 two- and three-story residential buildings. The spacious floorplans include one-, two- and three-bedroom units. The gated community has private entries and attached garages, as well as private balconies and patios.  Residents have on-the-spot luxurious perks designed just for them including valet door-to-door trash service, package delivery and virtual concierge services.

Joel Altman
 “Multifamily construction has shown continued strength in the Austin market and we’re excited to establish a presence in this desirable, central location,” said Joel Altman, chairman of The Altman Companies.

 “Today’s apartment residents want more from their communities. Altís Lakeline combines the latest residential amenities with a host of elevated services and perks to create an exceptional living experience.”

For a complete copy of the company’s news release, please contact:

Ashley Fierman,
(954) 370-8999

Arbor Funds $200 Million in Multifamily Deals Across South and Midwest

Matt Norman
UNIONDALE, NY - Arbor Commercial Mortgage, LLC (“Arbor”), a national, direct commercial real estate lender, announced the recent funding of 21 loans totaling $200,315,900 across Texas, Arkansas, Tennessee, Alabama and Ohio under the Fannie Mae Delegated Underwriting & Servicing (DUS®) Loan, Fannie Mae DUS® Multifamily Affordable Housing, Fannie Mae DUS® Small Loan, CMBS and Arbor Reality Trust's Bridge and Mezzanine programs.

Matt Norman, Vice President in Arbor’s Dallas, TX, office, originated all of the loans.

 “As demonstrated by this collection of loans, Arbor is providing investors the personal service and customized loan products they need to take advantage of today’s strong multifamily market conditions,” Norman said.

“Arbor has the nationwide expertise that’s required to meet borrower demands no matter where they do business, including the thriving multifamily markets found across the South and Midwest.”

For a complete copy of the company’s news release, please contact:

Christopher Ostrowski

Urgo Hotels & Resorts and Triumph Development Partner to Build Residence Inn by Marriott in Breckenridge, CO

Rendering of planned Residence Inn by Marriott, Breckenridge, CO

Mathew Jalazo
BRECKENRIDGE, CO and BETHESDA, MD -- A joint venture partnership between Urgo Hotels & Resorts and Triumph Development, LLC has announced it broke ground on a 129-suite, custom-designed Residence Inn by Marriott in the heart of Breckenridge, Colo. 

Set to open in the fall of 2016, it will be the first new hotel built in Breckenridge in more than 20 years and is the first Marriott-branded hotel in the market.  

Urgo and Triumph will oversee the development of the hotel and Urgo will operate the hotel.

“Both Triumph and Urgo have a strong history of developing and repositioning hotels in mountain ski markets,” said Mathew Jalazo, director of development at Urgo Hotels.

 “We are patient developers, seeking unique sites with high upside potential.  Urgo and Triumph have been working on this project for over two years, acquiring the shuttered Breckenridge Mountain Lodge, arguably one of the best sites in the market, and then shepherding the project through the extensive permitting process.

“The Residence Inn will be only the second branded hotel in the market and we expect the Marriott flag and exceptional location to give us a compelling competitive advantage,” he added. 

For a complete copy of the company’s news release, please contact:

Chris Daly, media
(703) 435-6293