News

KeyBank Provides $56M in Financing for Midwest Seniors Housing

Chicago & Midwest

KeyBank Community Development Lending and Investment (CDLI) provided a $16.5 million taxable construction loan, a $9.4 million federal LIHTC equity investment, and a $8.2 million state LIHTC investment on behalf of National Church Residences to finance the construction of Clover Glen II, a 96-unit affordable housing project for seniors in Galloway, Ohio.  KeyBank Commercial Mortgage...

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Mesa West Capital Provides $83M for Seattle Apartment Community

Seattle & Northwest + Apartment Buildings

Mesa West Capital has provided an $82.5 million first mortgage loan to a joint venture between Harrison Street Asset Management and Security Properties to refinance Olin Fields, a 352-unit garden-style apartment community in the Seattle suburb of Everett, Washington. The five-year, non-recourse financing was arranged by Jesse Weber, Scott Williams, and Kevin Coyle out of...

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Gowanus Wharf Developers Secure $785M Financing for Campus’ Fifth Building

New York & Tri-State + Apartment Buildings

Charney Companies, Tavros and Incoco Capital closed on the construction capitalization for 175 Third St., the fifth building in the Gowanus Wharf campus. Apollo and Affinius Capital LLC are providing $600 million in debt. RXR is providing $185 million in equity. When completed, 175 Third St. will be the largest building in Gowanus, with approximately 1.1 million square feet and...

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People and Companies News for Week Ending June 26, 2026

Canada + Apartment Buildings

Joanne McNamara will leave Oxford Properties to become CEO of British Land. McNamara serves as Toronto-based Oxford’s executive vice-president for Europe. She joined Oxford in 2010 and has more than 20 years of real estate industry experience. Due to a maximum six-month notice period, McNamara is expected to join British Land by November 30 at...

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Minto Bulking Up on Townhome Projects Across GTA

Canada + Apartment Buildings

Minto Group is looking to develop more townhome projects throughout the Greater Toronto Area after launching Urban Towns project in Oshawa, Ont. Launched in late May, the two-storey condominium offering is located in the Heights of Harmony community in North Oshawa. Prices start at $399,000. The launch offers “a realistic path” to home ownership for...

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Forman Provides Loan to Kickstart Marble Falls Mixed-Use Project

Texas + Apartment Buildings

Forman Capital closed a $28.2 million lot development loan for The Highlands, a planned 253-acre mixed-use community located along Manzano Mile at FM 1431 in Marble Falls, just outside Austin. The borrower and developer is Rockspring. The Highlands stretches along Manzano Mile, encompassing single-family homes, rental apartments and retail commercial uses on undeveloped land. The Forman Capital loan will fund horizontal development in advance of...

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Immo Leads Purchase of Montreal Apartment Portfolio

Canada + Apartment Buildings

A group headed by Immo Alliances has acquired a Montreal 25-building apartment portfolio, says a published report. The portfolio in Montreal’s Notre-Dame-de-Grâce neighbourhood spans 25 buildings containing 248 units, along with two redevelopment sites folloing a fire at 2012-2022 Westmore Avenue, according to the report, which states that the group bought the properties from family-owned...

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Alliance Sells Phoenix Apartments for $81.4M

Phoenix & Southwest + Apartment Buildings

Goldman Sachs acquired Broadstone Seventh Street, a 258-unit multifamily property in Phoenix. Commercial Search reports Alliance Residential Co. sold the asset for $81.4 million. Alliance developed the community and brought it online in 2025, with ORB Architecture overseeing the design. Previously called Broadstone on Seventh, the five-story community stretches across a 3-acre site at 5727...

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