Real estate news

Thrive at Peace Way. Image courtesy of Edward Homes Haven Real Estate Capital broke into the construction business for the Las Vegas multifamily rental market. The company has partnered with funds managed by a subsidiary of Apollo Global…

Lew Sichelman A memo prepared for a House subcommittee accuses big investment firms of having made a powerful contribution to the housing crisis by doing everything from outbidding potential first-time home buyers for affordable starter…

Avalon Green. Image courtesy of Harbor Group International and Azure Partners Affiliates of International port group and Azure Partners acquired Avalon Green, a 617-unit garden-style community in Elmsford, NY, from AvalonBay Communities…

78 Braemar Drive in Brampton, Ont. (Courtesy of Equiton) The Equiton Residential Income Fund Trust (The Apartment Fund) has acquired a multi-residential property - known as Braemar Place - in Brampton, Ont., for $63.25 million. The…

A rendering of the Wallace Emerson Community Center which will be part of the Galleria on the Park development in Toronto by Almadev. (Courtesy of Almadev) Toronto-based Elad Canada has been rebranded as Almadev as the…

Earlier this year, we hosted a two-day online event about converting offices into rental apartments. We had a range of speakers, from Canada and the United States, including developers, architects and municipal government…

GWL Realty Advisors acquires an industrial portfolio of seven buildings in the new Montreal node of Varennes. (Courtesy GWLRA) GWL Realty Advisors (GWLRA) is acquiring a portfolio of seven mid-bay industrial properties in the new…

West edge PGIM Real Estate secured $295 million in green funding on behalf of its leading US grassroots real estate fund. The debt is backed by the 340-unit West Edge in Seattle, which PGIM acquired in February for $292.8 million,…

Evo. Image courtesy of Cortland Corlanda multi-family real estate investment, development and management company, has acquired the 29-story, 455-unit Evo in the Highlands development along the Rosslyn-Ballston Corridor in Rosslyn,…

Near Aurora. Image courtesy of FCP FCP made its third multifamily purchase in Colorado — the second announced in less than a week — with the acquisition of Aurora Meadows, a 461-unit community in Aurora, Colorado, through a $114 million…

While owning The Retreat at Tampa, a student housing community, Landmark Properties used user-generated content, such as videos, to enhance the property's reputation and improve rental speed.. Image courtesy of Landmark Properties Think…

Residences in Waterstone. Image courtesy of Hamilton Zanze Hamilton Zanza continues to expand its portfolio in metro Baltimore with the acquisition of a 255-unit community in Pikesville, Md. The company has partnered with DCA Partners to…

Soleste Grand Central. Image courtesy of Avanti Residential Lifestyle multi-family investor and owner-operator Avanti Residential acquired the Soleste Grand Central in downtown Miami from the seller The Domain Cos. The newly built luxury…

Image by Melk Hagelslag via Pixabay Change is constant in life; “standard” is temporary and “normal” is something we are still trying to figure out. A 20-year-old in 2022 perceives normalcy completely differently than a 20-year-old in the…

Rendering of the Richmond project. Image courtesy of The Breeden Co. Real estate development company The Breeden Co. closed on a nearly 16-acre parcel in Richmond, Virginia. The company intends to build an as-yet-unnamed apartment…

2050 Morning side. Image courtesy of American Landmark Apartments Iconic American Apartmentsa multi-family investment firm and owner-operator, added to its holdings in Sun Belt with the acquisition of 2050 Morningside, a 198-unit apartment…

Madison Lansdale Station. Image courtesy of Equus Capital Partners Equus Capital Partners sold an almost fully occupied community in the Philadelphia suburb of Lansdale, Penn. The company sold Madison Lansdale Station for an undisclosed…

Litchford 315 Apartments. Image courtesy of Magma Equities Magma Actions continues to expand its North Carolina multifamily portfolio with the acquisition of Litchford 315 Apartments, a newly built 240-unit community in Raleigh, North…

Aventon Kit Creek. Image courtesy of Watts Leaf Architects Aventon Co. already has plans for its second community in the Raleigh metro area with a 293-unit multi-family development underway. The company broke ground on Aventon Kit Creek…

A 44-unit affordable apartment complex in Yorba Linda has been sold to Irvine-based Avanath Capital Management for $11.1 million. The community at 18542 Yorba Linda Blvd. dates from 2006 and is about half a mile from the Richard Nixon…

Panelists at a ULI Toronto webinar discussing the compatibility of industrial and residential uses, and the issues that can be created when in close proximity. (Screenshot via Steve McLean, RENX) The housing boom in the Greater Toronto…

4th & Bell in Seattle. Image courtesy of Security Properties Construction is progressing on The Confidential, a 29-story, 212-unit, 374,000-square-foot mixed-use building being developed in Seattle's Belltown submarket for $193 million…

Image by wal_172619 via Pixabay The world's first LEED Platinum City, a designation Washington, DC received in 2017, has maintained its position as one of the top-ranked markets in the United States for sustainability practices.…

Broadway Chapter. Image courtesy of CRG CRG sold Broadway Center, a 242-unit community in Fort Worth, Texas, to Iconic American Apartments. Senior Vice President Joey Tumminello of Institutional Real Estate Advisors negotiated the…

Douglas Rutley The aftermath of COVID, inflation, rising interest rates, supply chain issues and geopolitical events have all combined to create a perfect storm for residential developers and sponsors. They face a difficult operating…

MUMBAI: The Reserve Bank on Wednesday doubled the maximum loan amount a co-operative bank can lend to an individual up to Rs 1.40 crore in view of soaring house prices. Guidelines governing maximum authorized loan limits for cooperative…

Aventon Alaira. Image courtesy of CBRE Residential and commercial investment company Point of view Actions secured a $72.5 million acquisition loan to buy Aventon Alaira in Orlando, Florida. Located at 8072 Poinciana Blvd., the new…

The Real Estate Board of Greater Vancouver says home sales in the area have returned to "more typical seasonal levels" and there are modest signs that continued price increases may be easing. A council statement reports 2,918…

US multifamily investing is riding a wave of expansion and despite ongoing global issues, the sector's steam continues. As the country's economy shrinks by 1.4% in the first quarter of 2022 for multiple reasons, such as inflation, supply…

Eric Horie, Senior Managing Director, Head of Origination, Canada, of Trez Capital (Image courtesy of Trez Capital) In April, the Canadian federal government announced its budget for 2022 with a focus on building homes over the next…

SHANGHAI: China's first public real estate investment trusts (REITs) based on residential properties will soon be launched, as regulators step up efforts to funnel fresh capital into the struggling property sector and help a virus-hit…

South Carolina's young homebuyers are 13th least likely to need a cosignerAfter two years of strong…

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Property developer Prestige Group has set its sights on the country's largest and most expensive property market with plans to invest over Rs 7,500 crore to develop properties spread over a total of 16 million square feet over the past few…

A rendering of a proposed 35-story tower planned for 29-39 Pleasant Blvd. in Toronto. Graywood Developments LP has now acquired a stake in the project. (Courtesy of Gairloch) Graywood Developments LP has added another high-rise…

Bath student accommodation community. Image courtesy of EQT Exeter EQT Exeter entered the UK student accommodation market with the acquisition of six communities across the country. The company is acquiring these student accommodations…

McMaster Industrial Park has applied to increase the number of multi-residential developments permitted on the Hamilton property. (Courtesy McMaster Innovation Park) A multi-residential housing component has always been planned for…

Photo by Sam Bowman via Flickr The United States Senate has confirmed Julia Gordon as Commissioner of the Federal Housing Administration and Assistant Secretary for Housing at the US Department of Housing and Urban Development. Vice…

Joel Barber has been a practicing Realtor in Myrtle Beach, SC since 2007. In the following article, Joel Barber provides insight into how the Myrtle Beach housing and vacation property market has never been hotter. . It…

Rendering of EDEN Crystal Lake. Image courtesy of EDEN Multifamilial A new joint venture with Sterling shares will help EDEN Multifamily expand its multi-family development and investment platform throughout the Southeast and plans for…

Jefferson Square in Washington Hill. Image courtesy of Hamilton Zanze Real estate firm Hamilton Zanza acquired the 304-unit Jefferson Square at Washington Hill in Baltimore, Md. The seller was Lowe Enterprises. The property, with an…

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…