LOS ANGELES, CA – CIM Group announced that it has sold Eastway, a 136-unit apartment community at 8820 S. Sepulveda Blvd. in Los Angeles Westchester Village.
Built by CIM in 2019, the contemporary five-tale building is set on an approximately 1.4-acre site offering 136 studio, one-, and two-bedroom apartment residences above two levels of underground parking providing 221 spaces. Units feature nine-foot ceilings and expansive windows in an open design with modern fixtures and features. Eastway provides residents with an array of appealing amenities including a pool, spa hot tub, and sundeck lounge, an outdoor courtyard with barbeque, picnic areas, and firepit, a rooftop lounge, clubhouse, fitness center, community garden, and dog park.
With Eastway, we identified a rare property available for development that was ideal for making much needed housing in a mature Los Angeles community. Eastway provides a new apartment property in a desirable market where the bulk of the multifamily housing was constructed prior to 1990, said Shaul Kuba, Co-Founder and Principal, CIM Group.
Prominently located at the southeast corner of Sepulveda Eastway and La Tijera Boulevards, Eastway is in the center of a retail and business hub, across the street from Westchester Town Center, and positioned on or near major thoroughfares and the 405 and 105 freeways providing regional connectivity. Eastway is within a few miles of thriving Silicon Beach employment centers such as El Segundo, Playa Vista, and Culver City, and the growing entertainment and sports centers in Inglewood including SoFi Stadium and the 300-acre Hollywood Park mixed-use redevelopment.
For more than 25 years, CIM Group has applied its community-focused approach utilizing its broad expertise in owning, developing, repositioning, and operating real estate assets to enhance communities throughout the Americas.

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DURHAM, NC – Corvias has completed the development of three new, on-campus residential buildings at North Carolina Central University, adding more than 1,200 beds, supporting the needs and goals of consistent enrollment growth and providing vital student infrastructure. The project included more than 60% engagement of qualified subcontractors that are local, minority-owned business enterprises (MBEs) and historically underutilized businesses (HUBs)—a record high for the University of North Carolina System. The new, state-of-the-art George Street Residence Complex, ;Lawson Street Residence Complex and Alston Avenue Apartments provide housing for students and residence life staff, and increase NCCU s housing inventory to 3,300 total beds
Corvias is proud to support students by providing a variety of affordable and comfortable residential options that allow students to be closer to and more engaged in the university community, said Tim Toohey, Managing Director of Corvias. The completion of these buildings helps to solve the housing shortage and will benefit students for decades to come.
The George Street Residential Complex includes semi-suite units for first-and second-year students, while Lawson Street is comprised of spacious apartment-style units for upper division students. The Lawson Street Residential Complex also includes a large and comfortable dining facility, spanning 7,300 square feet, to serve and bring together NCCU students for meals and socializing. The units in the Alston Avenue Apartments each feature four single bedrooms, two full bathrooms, a full kitchen, dishwasher and in-apartment washer and dryer. Amenities include a computer station, multi-purpose room, lounges, trash room with recycling and vending machines.
This year, Corvias was named one of the Nation s Top Student Housing Managers by Student Housing Business, and to the Top 10 for Student Housing Management Companies by Multi-Family Executive. Since 2019, Corvias has partnered with NCCU to help meet the needs of students and to support the school s continued growth. This included a two-phase approach to develop more residential communities to expand student opportunities to live on campus.
Through its various partnerships with higher ed institutions, Corvias manages one of the largest on-campus student housing portfolios in the U.S., serving nearly 20,000 students across 15 colleges and universities, including NCCU, University of Notre Dame, Purdue University and Wayne State University. Corvias strives to enhance quality of life, allowing its residents to grow and thrive. A proactive approach to maintenance and capital plotting extends the life of the facilities and improvements, which helps sustain the assets over the term of the partnerships with the schools.

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STAMFORD, CT – Toll Brothers, the nation s leading builder of luxury homes, through its Toll Brothers Apartment Living rental division, and CrossHarbor Capital Partners have announced a new joint venture to develop 777 Summer, a 355-unit multifamily rental community in Stamford, Conn. The project, which will be the first development of Toll Brothers Apartment Living in Connecticut, is being financed through a $94 million construction loan facility from Capital One, N.A. as agent and Comerica Bank. The debt was arranged by Toll Brothers in-house Finance Department with JLL advising on the equity financing.
777 Summer will be located in the epicenter of the rapidly developing Stamford Downtown and within walking distance to the Stamford Transportation Center, providing convenient connectivity to Midtown Manhattan and major Connecticut employment hubs such as New Haven, Hartford, and Greenwich via Metro-North Railroad and Amtrak, as well as close proximity to I-95. The location is adjacent to Restaurant Row on Bedford Street, providing residents with ample dining and nightlife options close to home.
777 Summer is a 355-unit luxury multifamily project that will consist of 333 market-rate and 22 affordable units. The project will feature high-end luxury finishes and best-in-class amenities, including a state-of-the-art fitness center, resort-style pool, luxurious club room, game room, co-working space, art studio, roof deck, coffee bar, pet wash, and high-speed property-wide Wi-Fi.
Charles Elliott, President of Toll Brothers Apartment Living said, We are excited for the opportunity to continue our expansion in the robust northeast market with our first multifamily rental community in Connecticut. 777 Summer will join a variety of other Toll Brothers Apartment Living projects across the region in bringing the elevated living experience that Toll is well known for to Stamford.
Fred Cooper, Senior Vice President, Finance and Investor Relations for Toll Brothers said, 777 Summer represents the fourth Opportunity Zone project that Toll Brothers has undertaken in markets from coast to coast. It builds on our strong relationships with CrossHarbor, which includes both market rate and student housing development projects, and with lenders Capital One and Comerica Bank, as we continue to grow our Toll Brothers Apartment Living and Campus Living platforms across the U.S.
Tom Stevens, Co-Portfolio Manager and Managing Director for CrossHarbor Capital Partners said, We are pleased to expand our strong, longstanding relationship with Toll Brothers and partner on the development of another luxury residential community. 777 Summer captures many of the themes we look for in our multifamily investments: best-in-class sponsorship, market leading design and quality, access to transit and employment, and walkability to dining and entertainment.

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