News

Blackstone-Backed Group Completes Austin Affordable Housing Renovations

Texas + Apartment Buildings

Blackstone Real Estate’s affordable housing division, April Housing, has reopened three affordable housing communities totaling 654 units in East Austin. The company spent over $60 milllion on makeovers at the three locations. REBusinessOnline reports that working in partnership with the Housing Authority of the City of Austin (HACA), April Housing completed renovations across Heritage Point,...

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JLL Arranges Sale of 182-Unit Seniors Housing Property in Lynnwood

Seattle & Northwest

JLL has arranged the sale of Fairwinds Brighton Court, a 182-unit seniors housing community in Lynnwood, Washington. JLL’s Senior Housing Capital Markets team, which represented the seller, was led by Senior Managing Directors Jay Wagner, Rick Swartz and Aaron Rosenweig, Senior Director Dan Baker and Director Dean Ferris. A public REIT purchased the asset and...

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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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