CHICAGO, IL – JVM Realty Corp., a leading vertically integrated multifamily real estate investment and property management firm, announced it has bought Seasons at Romeoville, a 240-unit luxury apartment community in the Chicago suburb of Romeoville, from Fiduciary Real Estate Development, Inc. JVM will rename the apartment community to The Bluffs.
“We are thrilled to add another best-in-class investment opportunity to our growing portfolio,” said Jay Madary, president and CEO of JVM Realty Corp. “The combination of luxury, style and convenience this property provides, along with JVM’s award-winning management team delivering a superior resident experience, positions the property to perform at a high level for years to come.”
Located at 501 S. Weber Road in the family-friendly village of Romeoville, The Bluffs was built in 2021 and offers layouts ranging from junior one-bedrooms to three-bedroom, two-bathroom apartment homes. Residents delight in spacious units with private direct entries, designer-inspired contemporary finishes including stainless steel appliances, quartz countertops, plank-style flooring, walk-in closets, luxurious spa bathrooms with glass shower enclosures and full-size washers and dryers. Many apartment homes come with an attached garage and private patio or balcony.
Expansive community amenities complete the 21-acre site with a fully equipped 24-hour fitness center, clubhouse with caterer’s kitchen, a pool with sundeck, an outdoor living room with grilling stations and a fireplace and a dog park and pet washing area.
The property is in Will County, 45 minutes southwest from downtown Chicago and provides residents with immediate access to I-55 and I-80 industrial and job corridors as well as a multitude of dining, shopping and entertainment options. Will County’s employment base has expanded considerably over the past decade and continues to grow at a rate well above the state and national average with three state-ranked hospitals and notable employers including Amazon, Wayfair, FedEx, WeatherTech and Lewis University.
Fiduciary Real Estate Development has been an active seller this year. “We picked JVM as a buyer as we recently concluded a prior transaction with them with one of our Wisconsin properties,” said Steve Bersell, Chief Operating Officer of Fiduciary Real Estate Development. “Like our prior transaction with JVM, the Romeoville transaction went smoothly from offer to closing.”
The JLL Capital Markets Investment Advisory team representing the seller was led by Senior Director Wick Kirby, Director Amanda Friant and Senior Director Kevin Girard.
“We are very thankful for the opportunity to work with Fiduciary on the disposition of this brand-new, best-in-class property in quick-growing Romeoville,” said Wick Kirby of JLL. “It was a pleasure to work with the JVM team and we have no doubt they will have fantastic success with this fantastic acquisition.”
With this latest acquisition, JVM now owns and manages seven apartment communities in Illinois and 22 communities representing $1.6 billion in assets under management throughout the Midwest.

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ATLANTA, GA – Centennial Yards Company announced the groundbreaking of Centennial Yards, one of the largest and most ambitious city-center developments in the United States. Atlanta Mayor Andre Dickens joined Atlanta Hawks owner Tony Ressler, CIM Group Co-Founder and Principal Richard Ressler, Grant Hill, Vice Chair of Atlanta Hawks, and Michael Russell, CEO of H.J. Russell and Company, to celebrate the start of new construction at Centennial Yards. The $5 billion 50-acre development is located at the site where Atlanta was founded, and is expected to contain 8 million square feet at full completion, with 4 million square feet of new residential buildings and 4 million square feet of commercial buildings, including new office, retail, restaurants, and hotels.
Construction commenced today on the first two ground-up high-rise buildings, an 18-tale full-service boutique hotel named Anthem, and an 18-tale residential tower, located adjacent to Mercedes-Benz Stadium and State Farm Arena. Both towers, designed by award-winning Atlanta-based architecture firms Goode Van Slyke Architects (GVSA) and TVS Architecture + Design, are slated to be complete in 2025. Mayor Dickens and the development team were joined by Steve Koonin, CEO of Atlanta Hawks and State Farm Arena, John Hope Bryant, entrepreneur and founder of Operation Hope, Steve Smith, NBA Champion and NBA TV studio analyst, and Ambassador Andrew Young.
“This is a historic day for Centennial Yards, CIM Group, our partners, and for Atlanta, and we are delighted that the project is taking such a major step forward, only a year after securing our development agreement with the city,” said Centennial Yards Company President Brian McGowan. “Centennial Yards is one of the most ambitious developments in the country and today’s groundbreaking on the first ground-up towers not only marks an extraordinary day in Atlantahistory but also the celebration of our shared vision for a vibrant Downtown coming to life.”
Centennial Yards’ commitment to the City of Atlanta will ensure that the new live-work-play neighborhood will be built by and for Atlantans. The overall development delivers: 20% affordable housing for 99 years. 8% goal of minority and female owned business participation in the project including design, development and property management. 25% of entry-level construction jobs at Centennial Yards — and 10% of all construction jobs — are targeted for workers from around Downtown Atlanta, with hundreds of jobs for the 2 buildings breaking ground.
“With the development of Centennial Yards, we have an opportunity to further revitalize Downtown while bridging the gap between the east and westsides of our city,” said Mayor Andre Dickens. “This project is uniquely Atlanta—bringing the public, private and non-profit sectors together to dream huge and do a plot in a thoughtful and deliberate manner.”
“We are one step closer to making an incredible experience for our fans, and a world-class new neighborhood for all Atlantans to live, work, and play,” said Grant Hill, Vice Chair of the Atlanta Hawks. “I’m proud to be part of the group led by Tony Ressler that is supporting the project’s work to provide affordable housing for the Atlanta community and empower minority- and women-led businesses to grow. Together, we have committed millions of equity dollars as well as our focus, energy, time and resources to make Centennial Yards and Downtown Atlanta a model for other cities.”
With an overall site plot designed by a global team led by world-renowned architecture firms Foster + Partners and Perkins&Will, Centennial Yards is a $5 billion mixed-use destination in the Southeast’s largest, most influential market. The 50-acre site, formerly known as “The Gulch,” is expected to offer 8 million square feet of world-class new commercial and residential space comprised of 4 million square feet of dynamic retail, entertainment, modern office, and hotel, and 4 million square feet of new residential, as well as a vibrant public realm that will provide outdoor gathering spaces to all Atlantans and visitors of Centennial Yards.
Anthem, an 18-tale full-service boutique hotel, will feature spacious guest rooms averaging over 400 square feet, pool deck with bar and event room with capacity for large events, 8,000+ square-foot ballroom with views overlooking Centennial Yards, and a rooftop restaurant and bar with views overlooking Downtown Atlanta. Nearby, an 18-tale amenity-rich residential tower will offer apartments ranging from studios to 3 bedrooms, with interior design by TVS Architecture + Design. In addition to the residential offering, the building will feature a pool with event lawn and grilling stations, on-site co-working space, dog run, fitness center with state-of-the-art Technogym equipment, and multiple residential lounges.
Located in the Southeast’s home to a thriving film and TV production community that has led to Atlanta’s nickname as the “Hollywood of the South” and expanding corporate campuses from tech giants like Microsoft and Google, Centennial Yards will link surrounding historic neighborhoods that have been disconnected by industrial infrastructure for decades. Anchored by the Atlanta Hawks’ State Farm Arena and Mercedes-Benz Stadium—home to the Atlanta Falcons and Atlanta United, and bordered by multiple MARTA heavy rail stations, Centennial Yards will fill a literal hole in the heart of the city. Drawing nearly 18 million yearly visitors, Downtown Atlanta is also home to major attractions including the Georgia Aquarium, World of Coca-Cola, the National Center for Civil and Human Rights, and Georgia World Congress Center, one of the country’s top convention centers. Centennial Yards is also expected to be the center of gravity for experiencing the recently announced 2026 FIFA World Cup in Atlanta.

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PHOENIX, AZ – San Francisco-based real estate investment firm Hamilton Zanze is excited to announce the buy of Crestone at Shadow Mountain, the firm’s 25th acquisition in the state of Arizona. The company closed the deal on the 248-unit apartment property on November 15, 2022. CBRE’s Sean Cunningham, Asher Gunter, Matt Pesch, and Austin Groen of Phoenix Multifamily Institutional Properties represented the seller.
Crestone at Shadow Mountain is a garden-style community built in 1992 on 14.83 acres. The property was 96.77% occupied at buy and is comprised of a single-tale central clubhouse and 16 two-tale residential buildings. These units range from 624 square feet to 1,147 square feet. The community includes several upscale amenities such as a two swimming pools with spas and poolside ramadas, complete fitness center, business center, dog park, tennis court, and picnic areas with barbecues, and many others. Unit amenities include full-sized washers and dryers, wood-style flooring, walk-in closets, stainless steel appliances, private patios and balconies, and more.
“We are excited to further expand our presence in Phoenix with the buy of Crestone at Shadow Mountain,” said David Nelson, Hamilton Zanze’s chief investment officer. “The 1992-vintage, garden-style asset features institutional quality amenities, ideal location in the supply constrained Northeast Phoenix submarket, in convenient proximity to Paradise Valley Mall and Ancient Town Scottsdale, and access to the largest employers in North Phoenix, like Taiwan Semiconductors, USAA, Learn Financial, Honeywell, Cigna, Cox Communications, Mayo Clinic, and Merrill Lynch. This property is in a strong position due to its stable, high-income tenant base, supply-constrained location, and extremely competitive amenity and interior package. Crestone at Shadow Mountain will be an asset to the local community for years to come, and we at Hamilton Zanze are proud to be a part of it.”
The property is located at 2022 East Thunderbird Road in Phoenix. It is conveniently located just off Arizona State Route 51, providing access to Deer Valley along the I-17 Corridor, one of the submarket’s most robust and durable group of Fortune 500 companies. The property is also in close proximity to Ancient Town Scottsdale. Residents can make a small 20-minute drive southeast to delight in many four and five-star restaurants in the neighborhood.

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