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Interurban Offloads 180-Unit Houston Rental Community

Texas + Apartment Buildings

12ten Capital acquired Harper’s Mill, a 180-unit multifamily property in Houston. Interurban was the seller of the property, which was delivered in 1984. 12ten will begin a value-add program on the 42-year-old property. The Berkadia Houston Investment Sales team, composed of Kyle Whitney, Chris Curry, Jeffrey Skipworth, Chris Young, Joey Rippel, Jed Dalton and Tucker...

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Massachusetts Seeks Developer for Lindemann-Hurley Site in Boston’s West End

Boston & New England + Apartment Buildings

The Healey-Driscoll Administration has released an Offering Memorandum (OM) for the reimagining and redevelopment of the Erich Lindemann Mental Health Center and the Charles F. Hurley Building located at the Boston Government Services Center in Boston’s West End. The OM reflects the administration’s shift from redeveloping the 6.5-acre site for office and lab use to creating new housing instead. “This site represents one of the most significant housing...

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Confusion, Concerns Deter Canadians from Buying U.S. Recreational Real Estate

Canada + Apartment Buildings

New Royal Bank of Canada data suggests Canadians may still be interested in owning property in the U.S., compared to findings compiled in fall 2026, but confusion and cost concerns are now holding them back. Nearly three in 10 Canadians believe purchasing U.S. property is too complicated or too expensive (29%), while 27% say tax...

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Rockpoint Scores Mid-Rise Apartment Property in Westwood

California & West + Apartment Buildings

Rockpoint, a Boston-based real estate private equity firm, has acquired Wilshire Margot, a 97-unit multifamily property located at 10599 Wilshire Blvd. in the Westwood neighborhood of Los Angeles. Although sale terms were not disclosed., the property is assessed at $61.5 million, reported LA Business First. The property is a mid-rise, type-I apartment building built in...

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Riverside Investment & Development Breaks Ground on West Loop Multifamily Development

Chicago & Midwest + Apartment Buildings

Riverside Investment & Development Company and its partners recently celebrated the groundbreaking of 566 West Van Buren, a new 12-story, 199-unit multifamily development in Chicago’s West Loop neighborhood. The approximately $85 million project represents another major investment in the continued transformation of the Union Station corridor into a vibrant mixed-use district. Located one block west...

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Nonprofit Heading Home Seeks Buildable Land for Unsubsidized Housing

Boston & New England + Apartment Buildings

Heading Home, Inc., a nonprofit provider of shelter, housing, and support services for families in Eastern Massachusetts, is actively seeking to acquire a property to test an unsubsidized, scalable affordable housing solution for working-class families across the commonwealth.  Requirements for the lot include approximately 1/2 acre of buildable land, ideally located in a by-right zoning district in Eastern Massachusetts. Heading Home plans to build a 6-to-12-unit modular...

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BoC Continued Rate Hold Indicates Comfort with the Economy

Canada + Apartment Buildings

The Bank of Canada left its key overnight lending rate unchanged at 2.25% again on Wednesday, indicating that officials are somewhat comfortable with the economy despite ongoing uncertainty and economic weakness. It marked the fifth straight rate hold, with the overnight rate remaining at 2.25% since October 29 after four cuts in 2025 aimed at...

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Northmarq Secures $61M Refinancing for Seattle Mixed-Use Property 

Seattle & Northwest + Apartment Buildings

Northmarq’s Seattle Debt + Equity team, led by Managing Director Stuart Oswald, along with Vice Presidents Jack Bell and Ben Biggers, successfully completed the $60.83 million refinance of a 216-unit, 42,000-square-foot mixed-use retail and residential property located in Seattle, Washington. Northmarq arranged the permanent fixed-rate loan on behalf of the borrower, a partnership led by...

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