News

Flournoy Acquires Charlotte Parcel, 351-Unit Rental Community on Way

Atlanta & Southeast + Apartment Buildings

Cousins is foregoing its plans to build a 17-story office highrise and a 19-story apartment building at West Tremont and Doggett in Charlotte, instead selling the parcel to Flournoy so Flournoy can develop it. The Charlotte Business Journal reports that the sale price of the 2.4-acre parcel was $34.7 million. Cousins acquired the property for...

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MEC Owner Gu Buys McAllister Place in Saint John

Canada + Apartment Buildings

Smart Investment has acquired McAllister Place mall in Saint John, N.B. from Primaris REIT for a reported price of $64 million. McAllister Place ranks among Atlantic Canada’s largest retail centres, spanning 79 acres. Smart Investment is headed by Tim Gu, and the firm also owns the reborn Mountain Equipment Company outdoor-gear store chain. “We are...

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Yorba Linda Parking Lot Sells for Townhome Redevelopment

California & West + Apartment Buildings

CBRE arranged the $8.12-million sale of a 1.9‑acre residential development site at 4861 Liverpool St. in Yorba Linda. The property, currently a parking lot, was sold by Messiah Lutheran Church. The buyer, an Orange County–based housing developer, plans to build 40 townhomes on the site. Michelle Jefcoat and Dan Blackwell represented both the seller and the buyer....

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Cirrus, Resorts World Acquire Jamaica Site for Workforce Housing

New York & Tri-State + Apartment Buildings

A partnership of Cirrus Real Estate Partners and Resorts World New York City has acquired a 1.8-acre development site and parking garage at 92-30 165th St. in Jamaica, Queens for $46.125 million in a transaction brokered by RIPCO Real Estate. The property offers more than 600,000 buildable square feet and represents the first acquisition under...

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WCC, Lark Group, ICT Break Ground on Surrey’s First Student Housing Project

Canada + Student Housing

Western Community College (WCC), Lark Group and ICT Group have broken ground on the first purpose-built on-campus student-housing development in Surrey, B.C. Known as City Centre 5, will stand 23 storeys and is located in Surrey’s Health and Technology District, being developed through a partnership between the three organizations. The residence will provide 810 student...

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FIFA World Cup Host Cities See Home Prices Rise

Canada + Apartment Buildings

Home values across the 16 cities selected to host matches during the 2026 FIFA World Cup have increased by an average of 44% since the tournament was awarded to the joint Canada-U.S.-Mexico bid in June 2018, according to an analysis by Enness Global. The study compared home-price growth in Toronto, Vancouver and other host cities...

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UW Tacoma Selects Developer for $115M Student Housing Expansion

Seattle & Northwest + Student Housing

The University of Washington has selected Maslow’s Campus Communities as the development partner for UW Tacoma’s $115 million student housing and dining expansion development project. The project team also includes West Coast-based architectural firm SERA Architects and Pacific Northwest general contractor Walsh Construction Co. The team’s selection is subject to approval by the UW Board of Regents. “Our student housing and...

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Joint Venture Greenlit for 74-Acre Denver Mixed-Use Project

Phoenix & Southwest + Apartment Buildings

The Denver City Council approved a zoning request allowing a four-team joint venture to move forward with a development that would include nearly 700 new housing units and between 50,000 and 125,000 square feet of retail, commercial and hospitality space. Known as the Denver Spur development, the project covers 74 acres to the east of Peña...

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