News

Nominate Multifamily’s Movers and Shakers for the 2026 ApartmentBuildings.com 100

Apartment Buildings

For the second year in a row, Connect CRE, Connect Canada CRE, and ApartmentBuildings.com will present the ApartmentBuildings.com 100. These awards will honor advancement and achievement in the broadly defined multifamily space, including build-to-rent, student housing, seniors housing and mixed-use with residential. We’re asking for your help in selecting this year’s honorees. From dealmaking and development to technology...

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Canadian Yearly Home Sales Down, Monthly Purchases Up

Canada + Apartment Buildings

Actual home sales across Canada were down 5.1% in May compared with the same month in 2025, even as seasonally adjusted sales activity increased 5.5% from April, according to the latest statistics from the Canadian Real Estate Association (CREA). The month-over-month increase marked the first meaningful rise in national sales activity in 2026 and was...

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Long-Delayed Candlestick Point Development Advances with Board of Supervisors Approval

California & West + Apartment Buildings

Twelve years after Candlestick Park was demolished and the San Francisco 49ers relocated to Santa Clara, developer FivePoint is set to begin work on the long-delayed Candlestick Point mixed-use project. The San Francisco Chronicle reported that the San Francisco County Board of Supervisors voted Tuesday to approve the final map for the project. The first...

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Kolter Inks $91.7M Construction Loan, Starts Work on Delray Beach Rental Community

Florida & Gulf Coast + Apartment Buildings

Kolter Multifamily closed on financing and commenced construction for Alton Delray, a 386-unit Class A apartment community located at 2101 S. Congress Avenue in Delray Beach, Florida. The company obtained a $91.7 million construction loan from US Bank.  Alton Delray will comprise multiple six-story residential buildings arranged throughout the site. Just south of Linton Blvd and...

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Quebec City Office Tower to Be Converted into Affordable Housing

Canada + Apartment Buildings

A 15-storey office tower in Quebec City will be converted into 222 social and affordable-housing units under a project scheduled for completion by fall 2028, the Canada Mortgage and Housing Corporation announced. The project will transform the Catherine de Longpré building at 1075 chemin Ste-Foy into non-market housing for families and individuals, while a new...

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RECO to Introduce Tougher Brokerage Financial-Reporting Rules

Canada + Apartment Buildings

The Real Estate Council of Ontario (RECO) will require all real estate brokerages in the province to submit annual financial filings beginning October 1 as part of a new regulatory framework designed to strengthen financial oversight and protect consumer funds. Under the new requirements announced Tuesday, brokerages must attest to and file annual financial information...

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LaSalle Acquires Student Housing Complex Near Michigan State University

Chicago & Midwest + Student Housing

LaSalle Investment Management has acquired Red Cedar Flats, a 190-unit, 436-bed purpose-built student housing community located within walking distance to Michigan State University in East Lansing, Michigan. LaSalle acquired the property on behalf of LaSalle Value Partners IX, alongside joint venture partners King Bridge Partners and Clear Rock Capital. Completed in 2021, Red Cedar Flats...

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Hawkins Way JV Grows NYC Student Housing Portfolio with Upper West Side Sale-Leaseback

New York & Tri-State + Student Housing

A joint venture of Hawkins Way Capital and Varde Partners has acquired 117 W. 70th St, a 382-unit student housing property located on Manhattan’s Upper West Side. The $80-million acquisition marks an addition to the JV’s growing urban student housing enterprise, FOUND Study, and further strengthens the firm’s longstanding relationship with the American Musical and Dramatic...

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