Apartment Transaction Market Grows Frenzied

Posted on Jun 16, 2021 in HomePage, News & Events
Apartment Transaction Market Grows Frenzied

While many commercial sectors struggled through the pandemic, apartments, specifically those in the suburbs, held up relatively well. Now that a recovery seems to be underway, the urban apartment market is picking up steam. JLL reports that apartment asking rents increased 1.1% month-over-month in April, their strongest growth since the pandemic began. As rents rise, […]

Why CSR Matters

Posted on Jun 16, 2021 in News & Events
Why CSR Matters

Corporate social responsibility (CSR) is not a new concept. Since at least the 1960s, corporations have considered things other than the pure bottom line when making decisions. But in the past few decades, CSR has picked up steam. Over the years, phrases like “The Triple Bottom Line” (social, environmental and financial motivations) have become part […]

CGI+ Sells Luxury Multifamily Community in Orlando, FL for $74.5 Million

Posted on Jun 15, 2021 in HomePage, News & Events
CGI+ Sells Luxury Multifamily Community in Orlando, FL for $74.5 Million

CGI+ Real Estate Investment Strategies (“CGI+”) has sold Astoria at Celebration, a 306-unit luxury multifamily community in Celebration, FL to Versity Investments for $74.5 Million. Originally completed in 2016, the property, which was then known as Sola at Celebration, suffered from construction defects and was vacated in 2017. CGI+ acquired the vacant community in 2019 […]

CGI+, Megdal Investments to Develop 31,000 SF Lazy Acres Market in Los Angeles

Posted on May 20, 2021 in News & Events
CGI+, Megdal Investments to Develop 31,000 SF Lazy Acres Market in Los Angeles

REBusiness Online announced the news regarding CGI+ Real Estate Investment Strategies’, in partnership with Megdal Investments, acquisition of the third and final piece of a 1.7-acre land assembly at the southwest corner of Franklin and Western avenues in Los Angeles’ Los Feliz neighborhood. CGI+ has started renovations and redevelopment, which include reducing the building to […]

Multifamily Rents Shoot Up, Recovery in Progress

Posted on May 17, 2021 in HomePage, News & Events
Multifamily Rents Shoot Up, Recovery in Progress

Paul Fiorilla, Research Director, Yardi Matrix Multifamily rents came roaring back this spring, and while it’s too soon to say everything is normal again, a strong rebound appears to be on the way. U.S. multifamily rents increased by $10 to $1,417 in April, the largest one-month increase in six years, according to Yardi Matrix. After […]

Expect a Post-Pandemic Boom

Posted on May 17, 2021 in HomePage, News & Events
Expect a Post-Pandemic Boom

While April’s job gains of 266,000 as reported by the Labor Department were below expectations, there is still potential for a strong economic recovery this year. The big driver behind the recovery should be pent-up demand. In a late February report, financial services firm Morningstar said many consumers were eager to spend, but their options […]

Discussion with: Forrest Richardson

Posted on May 13, 2021 in HomePage, News & Events
Discussion with: Forrest Richardson

Forrest Richardson is a noted golf course architect and author of five books on golf course architecture. He recently spoke to CGI+ on the importance of vision in the design of a project. Whether it’s designing a golf course, commercial project, or multifamily development, the most important element is vision and understanding the x-, y- […]

The Amenities and Services that People Want

Posted on May 13, 2021 in HomePage, News & Events
The Amenities and Services that People Want

Coming out of the COVID-19 lockdown, many apartment owners are keeping two words in mind: resident experience. Throughout the pandemic, residents and potential residents became accustomed to a new level of service, whether it was virtual tours, being able to go into an app to book someone to walk their dog or even simply being […]

Return to the Office Should Boost Apartments

Posted on May 13, 2021 in HomePage, News & Events
Return to the Office Should Boost Apartments

The return to the office accelerated in April. Over the month, office occupancy rose from 24% to 26.5%, according to the Back to Work Barometer from Kastle Systems. By comparison, occupancy was 22.9% in mid-January. In the survey, Kastle, a managed security system provider, culls data from 2,600 buildings and 41,000 businesses across 47 states […]

CGI Strategies Lands $42M Refinance for Koreatown Apartments

Posted on May 12, 2021 in News & Events
CGI Strategies Lands $42M Refinance for Koreatown Apartments

Multi-Housing News recently announced the $41.5 million loan for our 122-unit Mariposa on 3rd in Los Angeles. The floating-rate financing has an initial three-year term and the possibility to extend the maturity date with two more years. To read more about the announcement, please visit here