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Diamond Ventures, Inc. and Legacy Communities Buy East Austin Mixed Use Site

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AUSTIN, Texas and TUCSON, Ariz., Jan. 9, 2019/PRNewswire/–Tucson-based Diamond Ventures, Inc. has partnered with Austin-based Legacy Communities, both family-owned businesses, to purchase and master plan a mixed-use condo project in emerging East Austin. Located at the intersection of 51st and Springdale Rd., the site rests less than five minutes from the renowned Mueller community and ten minutes from the University of Texas at Austin downtown campus.

The partners closed on the 4-acre property on Monday, December 17th. Both companies have experience in the Austin market as real estate investors and residential general contractors. This is Diamond Ventures’ first development project in Austin as a general partner and Legacy Communities continues to expand its multi-family general contracting business to assume the master developer role. Legacy Communities Partners, Philip Jalufka and Cass Brewer, have witnessed the rapid growth of luxury developments in the East Austin market and were inspired by the idea of bringing a new residential offering to this community at an attractive price point.

“The family of Legacy companies is pleased to have chosen to lead Diamond Ventures entry as developer into the Austin Market,” said Legacy Communities Partner, Cass Brewer “their reputation and success is unparalleled in Arizona, and together we will deliver something really unique to Austin residential buyer.”

The project is planned to provide market-rate attainable homes and live-work commercial opportunities in proximity to the downtown central business district, as well as easy access via 183A and 130 to Austin’s technology employers and Austin-Bergstrom International Airport.

“We are excited to enter the Austin market on the dynamic eastside, close to Mueller, UT, and downtown with Legacy, an experienced Austin multi-family developer,” said David Goldstein, President, Diamond Ventures, Inc.

About Diamond Ventures Inc.  

Diamond Ventures, Inc. was founded in 1988 with a singular vision of becoming one of the leading real estate development and investment companies in Arizona. Over the years, the company has achieved its vision by assembling a quality portfolio or residential, industrial, office, retail and build-to-suit projects throughout Arizona, Colorado and Texas. With offices in Tucson and Denver, Colorado, the company also invests in a variety of independent businesses and projects across the Southwest. Diamond Ventures brings these strengths to every project: a motivated, disciplined team with diverse talents; financial strengths; a vast inventory of land in desirable, fast-growing residential and business corridors; and a long history of successful collaboration with city, county, state and federal governments. Diamond Ventures’ mission is to engage in high quality real estate investments and business ventures that create value for its partners and customers, with careful consideration for the community and the environment. For more information about Diamond Ventures visit www.diamondventures.com or call 520-577-0200.

About Legacy Communities

Funded by Legacy Performance Capital, Legacy Communities provides a full suite of residential development services – including development, design, construction and sales – for metropolitan, luxury residential, resort and active adult master-planned communities throughout the world. From original concept design to final build-out, Legacy brings an unparalleled level of detail to every community. Through the combined efforts of various industry-leading strategic partners, Legacy’s team discovers the story behind each community and then crafts an exceptional product to complement that vision. Legacy approaches every new development as an opportunity to enhance the lives of its future residents by listening, carefully attending details and offering high-quality, sustainable development and construction. Legacy is currently seeking new opportunities. Visit www.legacycommunities.com to learn more.

Saddleback Heights Located in the Best City to Live in Arizona

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Peoria Ranked Best City to Live in Arizona

 

Peoria, Arizona is ranked the No. 1 place to live in Arizona by Money Magazine. The well-known media source evaluated 583 cities around the country and ranked Peoria No. 29 overall and No. 1 in Arizona.

“This recognition acknowledges what Peoria residents know in their heart, the richness of our City feeds the soul,” said Mayor Cathy Carlat. “Our vibrant spirit is alive in our neighborhoods, on our streets, and in the unique character of the people who call Peoria home.”

DVI Equity Partners, LLC provides resources and expertise to
 disruptive hot cloud storage company Wasabi Technologies.

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TUCSON, Ariz., Sept. 17, 2018 —DVI Equity Partners, LLC (DVI) today announced its investment of venture capital funds and strategic business expertise in Wasabi Technologies, a disruptive hot cloud storage company taking its technology global to serve a growing demand by data-rich industries and the public sector for less expensive, faster and more secure cloud storage.

According to analyst Sushrutha Sadashiva at Frost & Sullivan, a leading global market research and consultancy focused on opportunities driven by disruptive technologies, megatrends, emerging markets and new business models, Wasabi’s security-oriented cloud storage architecture and competitive pricing model has set a benchmark among its peers, thereby disrupting the cloud storage framework dominated by large companies such as Amazon, Google and Microsoft.

“We believe Wasabi is well on its way to becoming an international hot cloud storage leader,” said DVI Managing Partner Robert Griffin. “It’s been said that data is the new oil and the growth of big data continues to accelerate. In fact, the current trend among data-rich industries like media, entertainment, video surveillance and education is a two-fold increase in the need for hot cloud data storage annually. The leaders at Wasabi recognized this significant market trend and have leveraged their storage expertise to capitalize upon it, and we are pleased to support their ongoing success.”

In addition to participating in the Series B financing round that netted Wasabi $68 million from a combination of industry veterans and family offices, DVI Equity Partners is providing growth strategy guidance, talent recruitment assistance and helping to expand public sector markets for Wasabi.

“Wasabi’s success in expanding and capitalizing on major data storage market trends is dependent on a collaboration of many factors, not the least of which are partnerships with companies like DVI,” said Wasabi Co-Founder and CEO David Friend. “In addition to capital, DVI is opening doors into new markets and contributing to a strategic mindset that supports, sustains and increases our ability to be a global hot data storage game changer.”

About Wasabi Technologies
Wasabi Technologies is a hot cloud storage company delivering low-cost, fast and reliable cloud storage. Wasabi is 80% less expensive and 6x faster than Amazon S3, with 100% data immutability protection and no data egress feed. Co-founders and cloud storage pioneers David Friend and Jeff Flowers created Wasabi as part of their mission to commoditize the storage industry. Wasabi is a privately held company based in Boston, MA. Visit wasabi.com for additional information

ABOUT DVI Equity Partner, LLC
DVI Equity Partners, LLC was founded in spring of 2018 with the singular mission to invest in early stage, emerging technology companies that specialize in disruptive technology, with an emphasis on companies founded and led by women and minorities. The firm evaluates emerging technology companies that create B2B value in areas including national security, enterprise software, artificial intelligence, and data storage and analysis. DVI shares expertise, resource and forms relationships with entrepreneurs to help them transform the way industries and the public sectors conduct business. Visit http://www.dviequitypartners.com for additional information.

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