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Bringing practical business and technical intelligence to today's structured cabling professionals.

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on:

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
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Cushman & Wakefield and Greystone Close Sale and Financing of Louisiana Multifamily Property

NEW YORK, NY / ACCESSWIRE / July 20, 2022 / 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.

Greystone & Co, Wednesday, July 20, 2022, Press release picture

Cushman & Wakefield's Mike Kemether, Christian Schedler, Larry Schedler, and Cheryl Short represented the seller in the $55.8 million transaction. Greystone's Judah Rosenberg originated a $40 million non-recourse Fannie Mae Delegated Underwriting and Servicing (DUS®) loan featuring a 10-year term and fixed rate below 5%, with 60 months of interest-only payments.

"The seller, LURIN, is a vertically integrated investment firm out of Dallas that has a proven track record in implementing comprehensive renovation programs," said Mr. Schedler. "Through an interior/exterior upgrade, LURIN was able to drive rents significantly. The purchaser, Onyx Partners, led by Jeremy Y. Rieder, is well poised to further grow revenue in the supply constrained, high-demand Metairie market. Onyx continues to grow their Louisiana footprint, making Lumiere their third acquisition in the state."

Located at 3301 W. Esplanade Ave N., The Lumiere is a 336-unit luxury apartment community situated on a 7.34 acre site comprising 20 buildings. Amenities at the property include a swimming pool, BBQ grill area, package center, clubhouse, and fitness center. The property received a Green Building Certification in May 2022.

"We are thrilled to have secured attractive financing for this acquisition and buyer as a result of our close working relationship with Cushman & Wakefield," added Mr. Rosenberg, Vice President at Greystone. "We look forward to working with Onyx on future transactions as they grow their portfolio in the Metairie market and beyond."

Greystone & Co, Wednesday, July 20, 2022, Press release picture

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

About Greystone

Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. For more information, visit www.greystone.com.

Press Contact:
Karen Marotta
Greystone
karen.marotta@greyco.com
917.902.7073

SOURCE: Greystone & Co



View source version on accesswire.com:
https://www.accesswire.com/709120/Cushman-Wakefield-and-Greystone-Close-Sale-and-Financing-of-Louisiana-Multifamily-Property

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