Real estate news

8 E. Nineth Ave. Image courtesy of Interra Realty 3L Real Estatea real estate and development company, has acquired Astoria Tower, a 30-story, 248-unit luxury multi-family tower located in Chicago's South Loop from Crescent Heights for…

Langley. Image courtesy of StreetLights Residential Multi-family and mixed promoter Residential Streetlightsin partnership with Hunt Cos., announced plans to develop its new multi-family community, The Langley, in Houston, Texas. Built at…

A rendering of the Dream/Great Gulf proposal for the Toronto Quayside property. Building designs and heights are preliminary and have not yet received approval. (Courtesy of Toronto Waterfront) Dream Unlimited Corp. and Great Gulf…

Left to right: Dallas-based Platinum Realty's Scott DeNeve and United Real Estate's Dan Duffy; Austin-based Justin D'Amato of Compass (Platinum Realty, LinkedIn/Dan Duffy, LinkedIn/Justin D'Amato, iStock) Two major brokerages made big…

Home sales jumped nearly 13% quarter-on-quarter to more than 70,000 units in Q1 2022 and sales rebounded significantly by around 40% year-on-year as the residential sector is poised to experience unprecedented growth, according to a CBRE…

Neal Drobenare Creating enough affordable and accessible housing for all populations in need is a huge challenge. Part of this task is to personalize housing to accommodate subsets of citizens with varying needs. If enough builders and…

San Antonio. Photo by Matthew LeJune on Unsplash Urban Weston began construction on what will be one of the tallest buildings in downtown San Antonio. The company broke ground on 300 Main, a 354-unit luxury apartment tower slated for…

Tooker House at Arizona State University, an ACC property. Photo by Bill Timmerman In 2004, American university communities became the first publicly traded student housing company. In recent years it has been the only student housing…

Shoppers World in the City of Brampton, GTA, will undergo major redevelopment and intensification, led by RioCan REIT, over the next 20 years or so. (Courtesy of RioCan REIT) With plans in place to intensify parts of the city and large…

Two properties totaling 608 units in the South Central Calgary market (image courtesy: VCM Branding Inc.) Colliers is pleased to present the opportunity to acquire The Pinnacle and Wyldewood Estates (the "Portfolio"); a collection of…

1080 Amsterdam. Image courtesy of A&E Real Estate In an off-market transaction, A&E Real Estate acquired the leasehold interest at 1080 Amsterdam Ave. near SL Green for $42.5 million. This is A&E's third acquisition of an SL…

This set of three industrial properties, just down the street from the Vaughan Metropolitan Center, has been sold to Liberty Development Corp. (Courtesy of Vanguard Realty) Liberty Development Corporation has purchased a set of three…

400 Albert Street in Ottawa will feature two residential towers on a mixed-use podium. (Courtesy of Main + Main) The team behind a high-end mixed-use development in downtown Ottawa remains optimistic after navigating two years of…

Image by Gerd Altmann via Pixabay.com Premium, a specialty investment firm with more than $40 billion in assets under management, closed its largest residential lending fund with $1.7 billion in capital commitments. The amount exceeded its…

Sara Neff Buildings are more than the sum of their parts. However, as the construction sector is responsible for approximately 40% of global CO2 emissions, these individual parts can play a vital role in limiting the global temperature…

Boardwalk REIT (BEI-UN-T) has acquired two multi-residential properties, in Canmore, Alberta, and Brampton in the Greater Toronto Area, adding 300 rentals to its portfolio for a combined price of $117.5 million. The announcement was…

Mega Center Notre-Dame in Laval, Quebec is one of the RioCan properties that will now be managed by Harden. (Courtesy of Harder) Harden will take over property management and leasing of 18 commercial properties from RioCan REIT Quebec…

Residential real estate markets in the country's 8 main cities saw January-March sales hit a 4-year high despite the disruption created by the third wave of the Covid19 pandemic. The first quarter of the new year saw quarterly sales hit a…

Photo by Huy Nguyen on Unsplash HEALTHCARE real estate investments, a private equity and real estate investment firm, sold a portfolio of 13 multi-family properties with nearly 1,600 units for $112 million. The portfolio, which contained…

The single-family home rental market is attracting a wave of investors and lenders eager to get into a growing industry. At $3.4 trillion, the current value of the SFR market is approaching that of the entire US multifamily market of $3.5…

50 West. Image courtesy of Time Equities With so much competition in the multifamily industry, it can be difficult to retain employees. However, retention has proven invaluable to residential businesses large and small when it comes to…

Source: PropertyShark, a company of Yardi Systems Inc. 116 John Street, ManhattanSelling price: $247,500,000 Metro Loft Management has sold the 416-unit community in the Financial District. The buyer, Silverstein Properties, assumed an…

First Week Fails webinar with Kara Rice. Image courtesy of Multifamily Insiders During the latest Multifamily Insiders Wednesday Webinar virtual conferences, Kara Rice, Director of Communications with fast bunnyled the event titled "First…

The UXBorough mixed-use development in Calgary. (Courtesy of Western Securities) Western Securities Limited broke ground on Phase 1 of its one-million-square-foot UXBorough Calgary mixed-use development, a project in progress for more…

Redgate in Arlington, Texas. Image courtesy of Nitya Capital Nitya Capital acquired a portfolio of 11 multi-family properties, totaling nearly 3,000 units, across the United States for $400 million. The strengths are in large, growing…

Image by geralt via Pixabay.com Residential technology company Alfred acquired RKW Residentiala property management company with a significant presence throughout the Sun Belt. Alfred raised $125 million for the acquisition financed by a…

The standard in Eugene. Image courtesy of Landmark Properties Mark properties opened The Standard at Eugene, a 703-bed student housing community in Eugene, Oregon, serving University of Oregon students. Pre-letting is expected to start in…

Park at Woodmoor Apartments. Image courtesy of ClearWorth Capital In an off-market transaction, ClearWorth Capital LLC acquired The Park at Woodmoor, a multi-family community in The Woodlands submarket of Houston, Texas. The seller was…

NEW DELHI: Seeking to attract more buyers, the DDA on Friday approved an amendment to housing regulations to allow the public to participate in its programs even if they or their family members own an apartment or land in Delhi, officials…

Rendering of the DOWNTOWN Fremont East share. Image courtesy of Cherry Development Cherry development began construction on its second community in downtown Las Vegas which is part of its shareDOWNTOWN brand. The developer broke ground on…

The Rose at Great Neck Condominiums. Image courtesy of ACRES Corp. McKinley Homes United Statesa Metro Atlanta-based real estate developer and builder, received a $34 million construction loan from ACRES Capital Corp. to develop The Rose…

A Southern California menagerie for $22.95 millionYou can live your tiger king fancy (sort of) on a 1,230-acre ranch outside of San Juan Capistrano, Calif., that comes with its own wild animals. Herbalife co-founder Dick Marconi bought the…

The prevalence of proptech has gained traction in commercial real estate, although many owners and operators are still slow to adopt it. But for a niche on the verge of booming demand, proptech could be a game-changer. Every day, some…

Adele, John Legend and David Spade made real estate news in February. And the Sun Valley resort where parts of the Marilyn Monroe movie "Bus Stop" were filmed is up for sale. Top 10 Celebrity Real Estate News is featured on…

Source: PropertyShark, a company of Yardi Systems Inc. 80-08 135th Street, QueensSelling price: $87,200,000 A partnership between Black Spruce Management and NYC Housing Partnership acquired the Briarwood portfolio, which also includes…

Jefferson Pacific Beach Residential Equity acquired Jefferson Pacific Beach, a 172-unit community in San Diego. The seller was Cos JPI., who developed the property in 2020. Berkadia Institutional Solutions completed the transaction on…

Image by Jirí Rotrekl from Pixabay Blackstone Real Estate Income Trust formed April Housing, a new holding company that will focus on affordable housing in the United States. The company will provide solutions and capital to create and…

The Proxima Urban Homes residential rental property in Kelowna has been acquired by CAPREIT Limited Partnership. (Courtesy Royal Lepage/Cushman & Wakefield) Two record sales involving the multi-residential market testify to the…

Monument Ridge Apartments. Image courtesy of Cushman & Wakefield In a $45.5 million deal, FPA Multifamily SARL acquired Monument Ridge Apartments, a 201-unit community in Flagstaff, Arizona. Cushman & Wakefield represented the…

Signature Music Row. Rendered courtesy of The Preiss Co. Owner-operator of private student residences The Preiss company (TPCO) began development of Signature Music Row in the Music Row submarket of Nashville, Tennessee. TPCO has…

Mica RiNo. Rendered courtesy of Hines hines completed its 11-story luxury community in Denver which it is developing alongside a joint venture partner Cresset Real Estate Partners. The 392-unit community in Denver's River North Arts…

Alta Berry Creek. Image courtesy of Wood Partners Wood Partners began construction on another community in the growing Austin suburb of Georgetown, TX. The developer recently broke ground on Alta Berry Creek and plans to open the…

Oceane. Image courtesy of Haven Residential 29th Street Capital completed its 16th multifamily investment in the Phoenix metro area with the acquisition of Oceana Apartments. The company bought the Class B+ community in Avondale, Arizona…

Foster on the park. Image courtesy of Blue Heron Asset Management Blue Heron Asset Management achieved another record sale in the Raleigh-Durham subway. The company sold Foster on the Park, a 164-unit community in downtown Durham, North…

Hub13. Image courtesy of Wingspan Development Group Major Development Group and Batson–Cook development began pre-renting apartments in their nine-building Hub13 garden-style property in Oak Creek, Wisconsin. Residents began moving into…

Maiers Transport & Warehousing U Haul revealed plans to convert an 81,864 square foot former warehouse in St. Cloud, Minnesota into a retail, moving and self-storage facility. Maiers Transport & Warehousing sold the property,…

Pioneer Hill CONTI Capital acquired Pioneer Hill, a 300-unit community in Austin, Texas, marking its second purchase in the metro area. According to Yardi Matrix data, JCI Residential is the former owner of the asset. The same data…

Image by Paul Brennan via Pixabay.com Male Global Private Markets has partnered with Bouwinvest Real estate investors to develop up to 1,000 net-zero energy single-family rental homes across the United States. The first development will be…

The Real Estate Board of Greater Vancouver says home sales in January slowed from a record pace last year as the number of available properties fell. The B.C. board says home sales totaled 2,285 last month, down nearly 5% from…

Image courtesy of Vancity Community Investment Bank (VCIB). Vancity Community Investment Bank (VCIB) is on a mission to fund a sustainable future for Canadians, starting with where they live, work and play. “VCIB believes real estate…

Boston's real estate market has been one of the fastest growing housing markets in the country over the past decade. Median sale prices have steadily increased by near double-digit margins since 2015 thanks to a rapidly growing local…

Source: PropertyShark, a company of Yardi Systems Inc. 1965 Lafayette Ave, BronxSelling price: $43,000,000 1965 Lafayette Ave, Bronx Ariel Property Advisors negotiated the recapitalization of the 353-unit community in the Castle Hill…

222 CitiGate Dr., a 2.8 million square foot Amazon fulfillment center, has been acquired by Crestpoint Real Estate Investments and its partners. (Courtesy of Crestpoint) The acquisition of the 2.8 million square foot Amazon facility in…

(Image courtesy: EMBLEM Development) EMBLEM Developments, Canada's leading forward-thinking residential developer, recently announced its latest exciting step towards offering a full range of comprehensive real estate services. Kash…

Aerial of Eleven Oaks. Image courtesy of BE Homes of Florida Quinn Residences increased its portfolio by more than 50% after acquiring six communities currently under construction in Georgia, Florida, and North and South Carolina. The…

Sweetwater Apartments West Shore purchased three properties in the southern United States. The company's portfolio now includes Sweetwater Apartments, a 320-unit luxury community in Charleston, SC, Vantage at Wildewood, a 264-unit property…

Aura on Lamar. Image courtesy of Barvin barvin acquired Aura on Lamar, a 279-unit luxury asset in north-central Austin, Texas, from Trinque Residential Group. Barvin received a $65.6 million loan provided by Barings Debt Fund. Completed…

Rob Consalvo While the past two years have been extremely disruptive for so many industries and businesses, self-storage has seen tremendous growth. While industry numbers plummeted in the first half of 2020 in the early months of the…

The 24 Chapman Villa Apartments in Garden Grove sold for $8.15 million or $339,500 per unit, according to Marcus & Millichap. The 19,345 square foot complex located at 7692-7732 Chapman Ave. features two-bedroom units spread across…

NEW YORK (Reuters) - In one of the most expensive sales in New York real estate history, a four-bedroom penthouse apartment overlooking Central Park was bought for $190 million, the Wall Street Journal.The seller, scandal-ridden American…

Apartments Citifront Apartment houses Weidner purchased Citifront Apartments, a 166 unit asset in Salt Lake City. CBRE sold the property, which previously belonged to Management of bridge ownership. Completed in 2003, Citifront comprises…

Modera South Park. Image courtesy of Mill Creek Residential Mill Creek Residential paved the way for its first development in Charlotte, NC — Modera SouthPark, a 239-unit luxury multi-family community developed in partnership with…

Photo by Jarek Ceborski on Unsplash Heitman and Sylvan Road Capital are teaming up to build a portfolio of single-family rental properties across the United States. Heitman formed the joint venture on behalf of a subsidiary of the…

The heights of Park Lane The Sares Regis Group has acquired The Heights at Park Lane, a community of 325 Class A + units in Dallas, according to public records. LACERA sold the high-end property in the Telecom Corridor submarket. The…

If there's one metropolis in the United States that people would love to live in, it's Los Angeles. Most famous for its beaches, warm climate, entertainment industry and luxurious lifestyle, the City of Angels is truly the place for…

Phil Soper, President and CEO of Royal LePage and Bridgemarq Real Estate Services. (Image courtesy of Royal LePage) The Omicron variant of COVID-19 will likely act as a stimulus for Canada's residential real estate market in 2022 by…

Mindy Price of J Turner Research, vice president of sales; Chelsea Kneeland, Director of Research and Development; Joseph Batdorf, President. Today, many apartment operators continue to grapple with the unknowns arising from the COVID-19…

Render from 1420 S Miami. Image courtesy of Mast Capital Mast Capital has added another project to launch in 2022 after acquiring the land for its planned three-building development in Miami. The company, along with its capital partner…

The sale of the Bow Tower in downtown Calgary was the first step in a major reorganization for H&R REIT in 2021. (Google Maps) As we enter the holiday season and time is running out for another year, we are once again bringing our…

KOLKATA: Indian Railways, as part of its ongoing monetization efforts, has issued a tender for the redevelopment of an existing rail complex as well as the development of commercial and residential space at Barrack Colony, New Jalpaiguri…

Place Biscayne. Image courtesy of Avison Young The Melo Group acquired Biscayne Place from the Midgard Group for $ 105 million. The property comprises an entire block in Miami's Edgewater neighborhood and provides the company with a…

As industrial rental rates soar in Southern California, manufacturers are eyeing commercial real estate south of the border. Pacific Transformer in Anaheim recently leased a 52,000 square foot industrial building in Tijuana, just 40…

Tempe horizon. Photo by Dimitar Donovski on Unsplash A number of places in the United States ban automobiles, but they are largely vacation towns. Think of Bald Head Island, North Carolina; Mackinac Island, Michigan; Fire Island, New…

The investor frenzy for apartment complexes continues in Orange County with two large northern county communities selling in recent weeks for a combined $ 350 million. In La Habra, a 335-unit apartment complex was sold for $ 182.5 million,…

Multi-Housing News hosted a virtual event to announce the winners of the 2021 MHN Excellence Award. This year, MHN recognized properties, projects and people in 32 categories. Pennsylvanianumber of judges: Jeff Erxleben, Executive Vice…

The Alyssa. Image courtesy of StreetLights Residential StreetLights Residential has started construction on its fifth multi-family project in Arizona. The company's latest development, The Alyssa, is located in Tempe and plans its first…

Bell terminus. Image courtesy of Bell Partners Bell Partners Inc. acquired the Berkshire Terminus and Berkshire Howell Mill multi-family communities, totaling 611 units, from Berkshire Residential Investments. Built in 2014, the 355-unit…

RioCan and Marlin Spring will partner to develop this mixed-use condominium project at 30 Bristol Rd. E., Hurontario Street in Mississauga. (Courtesy of Marlin Spring) RioCan Live and Spring Marlin have entered into their first joint…

You can also read our other Top Development rankings. Rank Society Completed units 2018-2020 Units under construction * Diversity of accommodation 1 Gray star 27,609 20,747 L, M, St, Se 2 The associated cos. 7,393 15,400 L, M, A,…

NEW DELHI: Sebi on Friday proposed relaxing pricing standards and foreclosure requirements to make it easier for companies to raise funds through preferential allocation of shares. In addition, the regulator proposed to authorize the…

Render of 210 Clarkson St. Image courtesy of Slate Property Group SCALE Lending has funded another affordable housing project in the New York City subway, this time in the Prospect Lefferts Gardens neighborhood in Brooklyn. The lender,…

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Mall giant and REIT retirement home could benefit from more public spending, two fools analyze residential iBuying, why UWM stock has jumped today, space commercial real estate and don't sleep…

Net absorption and record rents in industrial real estate, while apartments in the Sun Belt helped overall apartment sales to dominate CRE's volume. Housing starts are dropping, but high prices are…

Image by Joe Holland via Unsplash According to a new report from the Home Builders Institute (HBI), housing stock and affordability will continue to be weakened by the shortage of skilled construction workers. The estimates in the HBI Fall…

There is no secret formula to achieving a perfect credit score in 30 days or less. A perfect score takes a few years with good spending habits, paying bills on time, and learning what the credit bureaus look for in a perfect borrower.…

On October 28, the City of Toronto's Planning and Housing Committee recommended approval of the controversial Inclusion Zoning Policy, which many planners and developers have challenged in the past. What is inclusionary zoning? To…

Denciti Development Corp. acquired this one-story commercial site at 820 Esquimalt Rd., and the two properties behind, with plans to build a mid-rise multi-residential project. (Google Maps) Denciti Development Corp. has acquired…

Land preserved, land in limbo…

A former mixed-use property anchored by a gas station in Santa Ana is now a combination of affordable housing and commercial space. The $ 31.4 million Placita Cinco, or "little plaza," has 51 apartments and a range of commercial space…

The management team of Property Vista includes: Leonard Drimmer, CEO / Founder; David Whitney, Chief Financial Officer; John-Paul Gaconnier, product manager; Richard Robins, Experiment Director. (Courtesy of Vista Property) When…

Most people don't want to bother trying to sell a home while on vacation. For this very reason, you could very well sell yours during this very slow part of the season. This is when there are the fewest competing sales in the market.…

Trent Edwards, COO, Alberta, for Brookfield Residential. (Courtesy of Brookfield Residential) Downtown is at the heart of Calgary's economic future, but the city faces a long road to recovery. The office vacancy rate remains in the…

ARIA, a 286 unit apartment complex in Calgary's university district, was acquired by a Harrison Street fund. (Courtesy of Harrison Street) Harrison Street made its second acquisition with its Canada Alternative Real Estate Fund, a…

A rendering of the proposed high rise multi-residential development at 75 James Street S. in downtown Hamilton. (Courtesy of Fengate Asset Management) The land began for the latest project in downtown Hamilton, a mixed-use development…

H&R REIT and Tribal Partners are planning a two-building industrial development in the community of Meadowvale in Mississauga. (Courtesy of Cushman & Wakefield) A two-building infill industrial development on a 15.45-acre site…

The smoke cleared. The dust has settled. The votes were counted and Prime Minister Justin Trudeau and the Liberals formed a minority government. But what does this mean for the Canadian real estate market?During the federal election…

As with most things, COVID crippled the real estate industry before embarking on rapid change. Some trends have been slowly gaining ground over the past few years, but COVID has created exponential growth that might otherwise have taken…

A large student and multi-family development project in Edmonton, by Maclab Development Group, includes two 20- and 30-story towers and a shared podium at 86 Avenue and 112 Street. (Courtesy of the Maclab Development Group) The $ 220…

Heart of Burquitlam, which features the recently launched 50-story Myriad condominium tower and a 31-story rental tower under construction. (Courtesy of Concert Properties) Building a planned community can take a whole career in the…

A three-building office campus at 1-8 Prologis Blvd., in Mississauga is a recipient of the BOMA TOBY International Award. It is owned by HOOPP and is managed by Triovest. (Courtesy of BOMA, HOOP / Triovest) Canadian buildings have…

Brent Sawchyn, CEO of PC Urban Properties (courtesy PC Urban Properties) Urban PC, a Vancouver-based real estate development and investment company specializing in British Columbia and Alberta, is currently focused on the ever-growing…

Isaac Beall, Senior Director of Development at Anthem Properties Group Ltd. (Courtesy of Anthem Properties Group Ltd.) Vancouver-based real estate company Anthem continues to be bullish on the Calgary market and needs-driven retail,…

The North Saskatoon Business Association (NSBA) holds an annual event called Lessons I learned to which they invite local business leaders to share their journeys. There is take out every time I attend. Sometimes the ones that…

https://www.youtube.com/watch?v=YbLxUqdrhR8Real estate visionary Stefan Swanepoel with Howard Drukarsh Residential real estate visionary Stefan Swanepoel, Chairman and CEO of Group T3 Sixty, discusses his beginnings in real estate,…

Almega Co. and Windsor Private Capital acquired this Cooksville retail site in Mississauga with plans to redevelop it into a mixed-use residential property. (Courtesy of Almega) Alméga Cie. and Private capital of Windsor…

Photo fileDUBAI: Real estate prices in Dubai rebounded sharply from a record low in late 2020, but demand is uneven and the oversupply of residential properties will put pressure on prices in the long run, making the recovery fragile, said…

Photo fileBEIJING: Harbin has become one of the first cities in China to announce measures to support real estate developers and their projects, which have been rocked by the worsening debt crisis of real estate giant China Evergrande…

A three-entity partnership Dream acquired the Weston Common apartment and mixed-use complex on John Street in Toronto. (Google Maps) Three Dream the entities completed the acquisition of two apartment buildings in Toronto, comprising…

1138 Melville St. in downtown Vancouver (courtesy Starlight Investments) An 18-story Class A office building at 1138 Melville St. in Vancouver has been sold to a joint venture involving Starlight Investments and Alberta Investment…