CYMBAL DEVELOPMENT AND DLT GLOBAL | January 17, 2022
Cymbal DLT Arts Foundation, a foundation established by Cymbal Development and DLT Global, is proud to announce the launch of its Artists-in-Residence Program at Oasis Pointe Residences, Cymbal Development and DLT Global's newest design-driven, multi-unit waterfront apartment complex opening in Dania Beach in Spring 2022. The program aims to highlight the diversity, creativity, and soul of the arts community and advocate for artists across a spectrum of media and artistic approaches. The foundation is currently calling for submissions to the 2022 Artists-in-Residence Program from artists nationwide.
As part of the Artists-in-Residence Program, Oasis Pointe is inviting up-and-coming creatives from all professional backgrounds, demographics, career stages, and artistic styles to live and work for free in its state-of-the-art residential building for up to six months. Artists' partners, children, and pets will also be welcomed for the entire stay of the program. To be eligible, artists are required to either hold a bachelor's, master's, or Ph.D., be starting on a professional path in the arts, or be seeking to utilize the residency to cultivate a project.
South Florida is known for its vibrant art communities, including museums, colorful street murals, art walks, exhibitions, studios, and Art Basel, the leading global platform connecting collectors, galleries, and artists, In an ideal world, art would be free and accessible for everyone, and that is why we felt it was imperative to launch an Artists-in-Residence Program where we can provide a unique opportunity for creatives to advance their careers through access to our space, community connections, and financial support."
Asi Cymbal, president of Cymbal Development.
Artists will receive up to a six-month rent-free, fully-furnished residency at Oasis Pointe. At the completion of their residency, successful applicants and their families may be invited to extend their residency at Oasis Pointe or in any other Cymbal DLT community in South Florida. In exchange, the Artists-in-Residence Program requests that up to two original works be gifted to Oasis Pointe's permanent collection to be displayed in the building's common areas. The scope of work will be determined on an individual basis in conjunction with the artist.
In an effort to create a meaningful dialogue between the artists and the residential community, artists will also be requested to share their practice via an open studio or lecture/slideshow on the property at least once during their stay.
About Oasis Pointe Residences
Dania Beach's first waterfront apartment building, Oasis Pointe Residences is a 2.4-acre, 301-unit complex featuring thoughtfully planned details and exceptional indoor and outdoor amenities designed to create fresh-air havens of relaxation and retreat. The luxury indoor-outdoor living spaces respond to the timely demands for better natural ventilation, lighting, and air quality, while the amenities seek to enhance the mental and physical well-being of residents.
Inspired by the surrounding water and nature, key amenities and features of the eight-story building include: butterfly and meditation gardens; a surf club; a waterfront boardwalk with a 19-slip marina; a Zoom lounge with private office suites and workstations; an outdoor lap pool; a fire pit with outdoor BBQ and picnic areas; a state-of-the-art, open-air fitness facility and yoga studio; an indoor lounge and game room; a dog park; and air purification, sterilization, and ionization systems that are 99% effective against COVID-19.
About Cymbal Development
Cymbal Development envisions and creates design-driven communities. It consists of real estate developers, builders, and restaurateurs who seek to inspire, innovate, and transform by working with the best designers and teams in the world to create compelling environments. Led by Asi Cymbal, Cymbal Development has a development and construction pipeline of over $1.5 billion in projects. The company is seeking to double that volume this year.
About DLT Global
DLT Global provides every aspect of real estate acquisition, planning, management, and construction expertise. With over 30 years of combined experience and dedication to this field, DLT Global prides itself in helping foreign investors protect their investments and maximize profits.
REAL ESTATE TECHNOLOGY
Side | June 01, 2021
Side, the only real estate technology company that only partners with high-performing agents, teams, and independent brokerages to transform them into market-leading boutique brands and businesses, has announced a partnership with Dreamscape Real Estate. The partnership will ensure that Dreamscape Real Estate, a community- and a client-focused company deeply committed to giving back, is powered by the industry's most advanced platform.
Allison Gelbrich, the founder of Dreamscape Real Estate, pursued a profession in real estate to assist families in attaining the American dream in the same way she did. Gelbrich, who was born in South Korea, founded her company on the principle of "paying it forward." Gelbrich is in the top 1% of Temecula Valley Realtors, creating a company based on repeat clients and referrals. Dreamscape Real Estate is happy to serve Riverside and San Diego counties, whether first-time buyers, move-up sellers, military families, or retirees.
Partnering with Side will keep Dreamscape Real Estate at the forefront of an ever real estate market while also allowing its agents to continue providing top services to its clients. A one-of-a-kind premium brokerage platform delivers transaction management, property marketing, lead generation, business growth opportunities, vendor management, and infrastructure solutions to Dreamscape Real Estate agents. In addition, Dreamscape Real Estate will become a member of an exclusive group of Side partners, gaining access to a vast network from coast to coast.
Side is led by veteran industry professionals and world-class engineers who create technologies to increase agent productivity and improve the customer experience. Based on its view that homeownership is a fundamental human right, Side is on a mission to enhance the public good by offering the best system, support, service, experience, and results to top-performing real estate agents, teams, and independent brokerages.
About Dreamscape Real Estate
Allison Gelbrich, the founder of Dreamscape Real Estate, grew passionate about helping others find their American dream after accomplishing her own. She founded the company on the principle of "paying it forward," and she works with a team of professionals who build lifelong relationships and give back to their communities. Dreamscape Real Estate services clients across Southern California, including the counties of Riverside and San Diego.
Side helps high-performing agents, teams, and independent brokerages grow into profitable businesses and boutique brands 100% agent-owned. Side only works with the best agents, providing them with proprietary technology and a world-class support team to help them be more productive, grow their business, and focus on their clients. The company's headquarters are in San Francisco.
Arden Group | February 02, 2022
Arden Group (Arden), in partnership with Vesta Realty Partners, LLC (Vesta), announced it has acquired the Younique headquarters building, a 125,000-square-foot, five story, trophy quality office building located at 3400 West Mayflower Ave, in Lehi, Utah. The property, strategically located in the vibrant Silicon Slopes market of Salt Lake City, is 100% leased to Younique, a health and wellness direct sales firm, through 2026.
This transaction represents the fourth Salt Lake City office transaction for Arden and Vesta over the last year as well as the fifth office property acquisition in Silicon Slopes, Utah's high-demand tech corridor. Previous trophy office acquisitions for the firm include the purchase of the Divvy and Dealertrack two-building portfolio in Draper, UT as well as the purchase of the Solutionreach office building and the Entrata headquarters, both in Lehi, UT.
The asset was first developed in 2016 by Stack Real Estate, one of Utah's most prominent real estate developers, and was built as a fully amenitized corporate campus and showcase property for Younique. The well-located development sits on a 7.19-acre site and is one of the most visible buildings on the popular I-15 interchange. The property is nearby the FrontRunner high-speed train which offers 90-mile coverage from Ogden to Provo and is walkable to an abundance of dining.
Arden continues to demonstrate its belief in Salt Lake City and the Silicon Slopes technology corridor through our numerous trophy office acquisitions, With its best-in-class design, top amenities, and high visibility, the fully leased Younique corporate headquarters is a perfect addition to our growing regional portfolio, and we're pleased to announce this latest purchase."
Craig A. Spencer, Chairman and CEO of Arden Group.
Investor and tenant demand in Utah's Silicon Slopes have remained resilient over the past 24 months, We are continuing to experience new capital sources seeking exposure to the market while local and out-of-state tenant demand is ramping up to pre-COVID levels."
Jeff Grasso, Founder and Managing Partner of Vesta Realty Partners.
The Younique headquarters building features a best-in-class design with high-end two-story lobbies as well as floor-to-ceiling glass throughout. Built to LEED Silver standards, the building includes open floor plans with an average floor plate size of 25,000 square feet.
The property includes an abundance of Class-A amenities, including a full-size commercial kitchen, cafeteria and lounge, outdoor seating, an auditorium, five balconies with seating, a full-service salon and an R&D Lab.
About Arden Group
Arden Group is a vertically integrated real estate investment management firm focused on equity and debt investments in the top 25 US MSA's. Founded in 1989, Arden has acquired over $6.4 billion of properties and asset managed in excess of $11.8 billion of commercial real estate assets since inception. In 2012, Arden Group established Arden Fund Management, its real estate equity and debt fund management business with offices in Philadelphia, New York, Tampa, Miami, Minneapolis, and Newport Beach. Arden Group has been consistently ranked globally as a top performing Private Fund Manager by both Cambridge Associates and Preqin including Preqin's #1 global ranking in 2017, 2018 and 2019.
About Vesta Realty Partners
Vesta Realty Partners is an institutional sponsor focused on real estate investing outperformance through a macro driven value-oriented approach coupled with hands on business plan execution. The firm focuses on undervalued office, life science, industrial, residential, and opportunity zone investing with offices in New York City and Salt Lake City. The firm was founded in 2020 by Jeff Grasso and currently manages a portfolio of more than $750 million of real estate assets and developments.