{"id":950287,"date":"2026-07-21T19:53:19","date_gmt":"2026-07-21T19:53:19","guid":{"rendered":"https:\/\/www.europesays.com\/us\/950287\/"},"modified":"2026-07-21T19:53:19","modified_gmt":"2026-07-21T19:53:19","slug":"conor-cre-secures-financing-for-dallas-apartments","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/950287\/","title":{"rendered":"Conor CRE Secures Financing for Dallas Apartments"},"content":{"rendered":"

Conor Commercial Real Estate secured funds to pay off the construction loan on its newly completed East Dallas apartment project<\/a>.<\/p>\n

The Chicago-based McShane Companies subsidiary borrowed $78.7 million in construction takeout financing for its recently delivered project, The Flynn at Live Oak<\/a>, according to a release from JLL. JLL\u2019s Lucas Borges, Lauren Dow, Sam Tarter, Aidan Flanagan and Christian Johnston represented the borrower, a partnership of Conor and Globe Corporation.<\/p>\n

The five-story building, at 4931 Live Oak Street, will have 327 units with a range of studio, one- and two-bedroom apartments. Amenities include a pool, sky lounge, gym, coworking space and fire pits.\u00a0<\/p>\n

Both the project\u2019s estimated timeline and cost have changed since Conor\u2019s 2022 state filing for the building. At the time, it was expected to cost $50 million<\/a> and be completed by March 2024.\u00a0\u00a0<\/p>\n

Multifamily developers have struggled to stabilize apartment buildings in North Texas since the pandemic, thanks to a combination of rising interest rates and a historic deluge of new apartment supply, pushing rents downward.\u00a0<\/p>\n

In light of these challenges, The Flynn is offering substantial concessions to new renters in the form of two months of free rent. One-bedroom units at the building start at $1,655 per month, according to the building\u2019s website.\u00a0<\/p>\n

Multifamily development has taken off in Old East Dallas, a neighborhood about 3 miles from downtown<\/a>. Interest in the area is more recent; a decade ago, it was identified as a hotspot for violent crime<\/a>, prompting the Dallas Police Department to target the area for increased patrol.\u00a0<\/p>\n

The Flynn at Live Oak is close to The Central<\/a>, a 27-acre mixed-use district being developed by Artemio De La Vega\u2019s De La Vega Development. The project is home to a 321-unit apartment building, The Oliver, which was developed by StreetLights Residential. De La Vega told the Dallas Business Journal that he\u2019s bringing a hotel from Marriott\u2019s Autograph Collection to the site.<\/p>\n

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Artemio De La Vega\u2019s $2.5B vision for East Dallas<\/p>\n

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Conor CRE starts $50M Old East Dallas apartment development<\/p>\n

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S2 Capital\u2019s REIT troubles ratchet up with $140M in multifamily foreclosures\u00a0<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Conor Commercial Real Estate secured funds to pay off the construction loan on its newly completed East Dallas…\n","protected":false},"author":3,"featured_media":950288,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5135],"tags":[5229,382596,33011,1596,358,3187,67,586,132,5230,68,2969],"class_list":["post-950287","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dallas","tag-america","tag-artemio-de-la-vega","tag-commercial","tag-dallas","tag-texas","tag-tx","tag-united-states","tag-united-states-of-america","tag-unitedstates","tag-unitedstatesofamerica","tag-us","tag-usa"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116959722188524814","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/950287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=950287"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/950287\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/950288"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=950287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=950287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=950287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}