What happened, and who moved.
JLL has secured a $40.5 million refinancing for The Payton, a 162-unit multifamily property in Portland, Oregon. JLL represented the borrower, ColRich, in arranging the five-year, floating-rate loan through Prime Finance. The Payton, located at 2020 NE Multnomah St., is a seven-story mid-rise community built in…
🏆 New Building: The largest permit issued was an $85.6 million new construction permit for Mohawk at Wynwood, a 300-unit apartment project at 50 Northeast 29th Street in Miami. The permit covers 488,880 square feet for Miami-based Rilea Group’s development. In January, the developer secured a $149.2 million…
Vantage Communities has obtained a $103 million refinancing for a three-property, 864-unit multifamily portfolio located in the Austin and San Antonio metro areas. Benefit Street Partners provided the financing in a deal arranged by Greystone Capital Advisors. The properties in Austin include Vantage at McKinney…
ParkProperty Capital acquired The Jane, a 280-unit multifamily in the Brookwood district of Atlanta, adjacent to Buckhead. The property was traded for $75 million. CWS Capital Partners was the seller. The property was named after the local golf legend Bobby Jones’ putter, Calamity Jane. Brookwood sits adjacent to…
Greystone secures $16.1M Freddie Mac loan for 290-unit Sunchase Park & Ramblewood Apartments refinance in Dallas, TX.
VANCOUVER, WASH. — JLL has provided a $42 million Fannie Mae loan for the refinancing of Portola Bridge Creek, a 270-unit, garden-style community in Vancouver. The borrower was Irvine, California-based SB Real Estate Partners, which has owned the property since 2022. Built in 1989, Portola Bridge Creek offers one-,…
PORT CHESTER, N.Y. — Walker & Dunlop has arranged $147.5 million in construction financing for 2 South Main, a 322-unit multifamily project in Port Chester, located along the New York-Connecticut border. Information on specific floor plans and amenities was not disclosed, but the 12-story building will include 330…
NEW YORK CITY — The Domain Cos. has secured $175.6 million in financing from Wells Fargo for the development of a new multifamily project in the Astoria neighborhood of Queens. Canyon Partners Real Estate and BLDG Management are Domain’s equity partners on the deal. Chris Peck and Nicco Lupo of JLL Capital Markets…
TAUNTON, MASS. — Greystar has broken ground on Whittenton Mills, a 390-unit multifamily project in Taunton, located south of Boston. The project, which will feature modular construction, is a redevelopment of a former 19th-century mill complex that has long been vacant and was demolished earlier this year. The…
PEORIA, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Parc Roundtree Ranch, a 275-unit multifamily property located between Loop 101 and U.S. Route 60/Grand Avenue in Peoria. Terms of the transaction were not released. Steve Gebing and Cliff David of IPA…
VANCOUVER, WASH. — JLL has arranged a $42 million Fannie Mae loan for refinancing for Portola Bridge Creek, a 270-unit, garden-style community in Vancouver. The borrower was Irvine, California-based SB Real Estate Partners, which has owned the property since 2022. Built in 1989, Portola Bridge Creek offers one-,…
A scaled-back version of Urban Catalyst’s long-planned Icon/Echo development in the city’s Civic Center neighborhood was approved during a San Jose Planning Director meeting on Aug. 12, clearing the way for 645 apartments across two eight-story buildings on a site the developer spent four years assembling parcel by…
Atlantic Pacific Companies is bringing hundreds of affordable housing units to publicly owned sites in Miami-Dade County across two land-lease deals. The Boca Raton-based firm plans 364 income-restricted apartments on part of a school property that it is leasing from Miami-Dade County Public Schools. And it’s…
LANSING, ILL. — Greenstone Partners has arranged the $12.6 million sale of the Hickory Oaks apartment complex in Lansing, about 25 miles south of downtown Chicago. Greenstone’s Michael Duckler represented the buyer, SpringView Investments, and the undisclosed seller. The 138-unit property presents a value-add…
HOUSTON – (Realty News Report) – American Landmark Apartments, a Tampa-based multifamily company, acquired the 292-unit Park Avenue at Boulder Creek in southeast Houston. The apartment complex, located at 11575 Pearland Parkway will be the firm’s 14th asset in the Houston area. “Houston continues to distinguish…
PORTLAND, ORE. — JLL has arranged a $40.5 million refinancing loan for The Payton, a 162-unit Class A property in Portland’s Lloyd District area. San Diego-based ColRich is the borrower/owner.… The post ColRich Secures $40.5M Refinancing for Luxury Pacific Northwest Property appeared first on Multifamily &…
SUMNER, WASH. — Mesa West Capital has provided Timberlane Partners with a $52 million short-term, first-mortgage loan to refinance Sumner Mill Apartments, a 162-unit community in Sumner, about 40 miles… The post Mesa West Capital Originates $52M ReFi for Sumner Mill in Metro Seattle appeared first on Multifamily &…
Retrofitting Atlantic Canada’s aging homes, apartment and office buildings could become an important tool for the region to reach net-zero emissions over the next two decades. It also could cost more than $240 billion. ReCover, an Atlantic Canadian deep retrofit accelerator based in Dartmouth, estimates that…
Grange Residences, located in prime District 10, topped the list of apartments and condos that scored fresh psf-price highs from July 28 to Aug 4. A 2,852 sq ft, four-bedroom unit fetched $10.8 million on July 31, setting a record of $3,786 psf at the freehold condo. The latest deal surpasses Grange Residences’…
The biggest condo resale gain during the week of July 28 to Aug 4 came from a five-bedroom apartment at Leedon Residence, a freehold condo in Bukit Timah. The 4,704 sq ft unit on the ninth floor changed hands on July 30 for $14.3 million, or $3,040 psf. It was previously purchased for $10.55 million, or $2,243 psf,…
Commentary on how recent US housing legislation has reshaped rather than eliminated institutional capital flows in the rental housing market.
A two-bedder at 35 Gilstead, a freehold boutique development in prime District 11, will be put up for auction by Knight Frank on Aug 20. The 678 sq ft apartment has a guide price of $1.75 million, which translates to $2,581 psf. Offered via an owner’s sale, this is the first time the property will go under the…
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Seoul apartment listings surged past 64,000 after the Aug. 3 tax reform, but triple curbs on sales, financing and leasing are freezing transactions.
Walker & Dunlop, Inc. has arranged $147.5 million in debt and equity capitalization for the construction of 2 South Main, a 322-unit multifamily project in downtown Port Chester, NY. The sponsorship group is a joint venture between Hyperion, Winter Properties and AIP. The Walker & Dunlop Capital Markets team of Mo…
Cedarwood Companies is developing a new luxury apartment community in Celina, Texas, expanding its multifamily footprint in the North Texas region.
The Kamani family, principals behind fashion retailer Boohoo, is developing a residential scheme in Manchester's Ancoats neighbourhood.
Market activity in suburban build-to-rent properties is accelerating, with Salford serving as a case study for this emerging trading segment.
AvalonBay Communities and Equity Residential announced an all-stock merger of equals combining two major multifamily REITs.
L&G's first U.S. development is set to break ground this year in Concord, Massachusetts, with 201 multifamily units.
The Levin Johnston team at Marcus & Millichap directed the $12.1-million acquisition of Alamo Park Apartments, a 33-unit multifamily community in Mountain View, on behalf of a private investor. The acquisition completes a 1031 exchange that began with July’s $5.6-million sale of The Colony House Apartments in…
L&G’s Asset Management business in the U.S. has acquired a development site in Concord, Massachusetts, and plans to begin construction on a new two-building, 201-unit multifamily community. The investment and property development is being made on behalf of L&G’s Institutional Retirement business, which is deploying…
Gov. Gavin Newsom announced nearly $239 million in construction-gap funding for 20 affordable multifamily developments across California. The projects underwent a streamlined approval process to keep development on track and cut red tape, according to the governor’s office. With project costs totaling more than…
L&G’s Asset Management business in the U.S. has acquired a development site at 292-294 Baker Ave. in Concord, MA and plans to begin construction on a two-building, 201-unit multifamily community. The company’s first ground-up development in the U.S., the project continues L&G’s partnership with Taurus Investment…
A multifamily property in North Vancouver changed ownership.
Ekro completed an acquisition of a multifamily portfolio in the South Shore area, marking the company's largest purchase transaction to date.
A developer proposes a luxury residential project in Toronto featuring unit floor plans exceeding 3,000 square feet.
Equiton has announced the launch of its first multifamily investment fund focused on the US market.
Equiton has announced the launch of its inaugural US multifamily investment fund.
A developer is planning a 40-storey rental residential tower on the site of a historic Toronto church.
Q&A with CMHC's deputy chief economist discussing factors behind and implications of Canada's slowing housing starts.
A major residential development project has commenced in Nova Scotia, marking a significant milestone for the province's housing market.
Banvest is approaching completion of a multifamily portfolio sale in the West End market.
A multifamily asset from Banvest's West End portfolio has been sold in a transaction affecting the portfolio's composition.
GL Homes won site-plan approval for an eight-story multifamily development near the Sawgrass Mills shopping mall in Sunrise, where it is planning a massive mixed-use development of highrises. The Sunrise City Commission voted Tuesday night to approve the 294-unit project’s site plan. It spans 5.5 acres within a…
A Seattle apartment building with a history tied to the World’s Fair traded hands in the buyer’s biggest deal yet. Bellevue-based Nordic Partners Investments bought the 107-unit property at 415 Boren Avenue in First Hill for $14.4 million, the Puget Sound Business Journal reported. The acquisition is the largest to…
Monarch Investment & Management Group sold Fox Hill Apartments, a 153-unit garden-style community in Golden, Colorado for $32 million. Monarch Investment & Management Group owned Fox Hill for nearly 30 years. Sierra Parkway Communities was the buyer. JLL represented Monarch in the sale of the property. JLL Capital…
Teeple Partners started construction on its newest apartment development, Oaks Reserve. The 312-unit community will be situated along the Innovation Corridor in the Bryan-College Station market, midway between Texas A&M University’s RELLIS Research Campus and the Texas A&M Health Science Center. Oaks Reserve is the…
As real estate transaction volume gradually returns, underwriting standards have tightened and return thresholds have reset. At the Texas Multifamily 2026 in-person event set for August 13 in Dallas, a panel of lending experts will provide conference attendees with insiders’ perspectives on how deals get done in…
The Richman Group, an $18.5 billion asset management firm, has secured $225 million in permanent financing to refinance three stabilized luxury multifamily properties in South Florida that total 942 units. New York Life Investment Management provided $107 million to refinance the Marc Apartments, a 396-unit…
ARLINGTON, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Flintridge, a 188-unit, garden-style apartment complex in Arlington. Built in 1979, Flintridge offers one- and two-bedroom units with an average size of 743 square feet and amenities such as a…
Saratoga Capital Partners bought the 336-unit Generation Atlanta community on Centennial Olympic Park Drive for $98.4 million in a foreclosure auction. Frankforter Group was the building’s previous owner. In late 2021, Frankforter bought the project from Kaplan Residential for $126.9 million, then a record sale.…
Pearlmark has sold ShoreView Waterfront Apartments, a 216-unit Class A waterfront multifamily community located at 1161 3rd Avenue N in downtown Bradenton. Berkadia’s Matt Mitchell and Chris Burtner of Berkadia Florida arranged the sale on behalf of Pearlmark, which acquired the property through a mezzanine lender…
Turnbridge Equities acquired the 320-unit Skyhouse Raleigh, a multifamily community in downtown Raleigh. ACORE CAPITAL provided a $62 million first mortgage on the property. Equity for the transaction was provided by Turnbridge. Northmarq brokered the sale and arranged the debt financing. In a Turnbridge release,…
GREAT BARRINGTON, MASS. — Regional brokerage firm Northeast Private Client Group (NEPCG) has negotiated the sale of a 66-unit apartment building in Great Barrington, located in western Masschusetts. Beech Tree Apartments comprises eight buildings on a 4.5-acre site. Daniel Scherban and Joseph Scherban of NEPCG…
JERSEY CITY, N.J. — CBRE has arranged a $109.5 million permanent loan for 425 Summit, a 27-story apartment building in Jersey City’s Journal Square neighborhood. Completed in 2024, 425 Summit houses 390 units in studio, one-, two- and three-bedroom floor plans, as well as ground-floor retail space. Matthew…
Cardone Capital paid $89.9 million, including 282 Bitcoin, for Orchid Run, a 282-unit apartment development in Naples, Florida. The Inland Real Estate Group of Companies was the seller. Berkadia’s Matt Mitchell and Chris Burtner arranged the sale on behalf of The Inland Real Estate Group. Completed in 2015, Orchid…
A joint venture between Alpha Development Group and Bow River Capital has sealed $58 million of bridge debt to refinance two newly delivered adjacent multifamily developments in Utah’s Heber Valley, Commercial Observer has learned. ArrowMark Partners provided the three-year fixed-rate loan to retire past…
NAPLES, FLA. — Berkadia has arranged the $89.9 million sale of Orchid Run, a 282-unit, garden-style apartment community located at 10991 Lost Lake Drive in Naples. Matt Mitchell and Chris Burtner of Berkadia represented the seller, an affiliate of The Inland Real Estate Group of Cos. Inc., in the transaction. The…