Merchants Capital provided more than $99 million in debt and tax credit equity financing for The Elex, a 296-unit mixed-use, mixed-income workforce housing community now leasing in Fort Wayne, Indiana. Developed by Biggs Group in partnership with Ancora, Weigand Construction and MSquared, The Elex is part of the Electric Works site, a redeveloped General Electric...
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JBG SMITH announced the start of construction on its office-to-residential conversion at 2200 Crystal Drive in National Landing in Arlington, Virginia. JBG SMITH is repositioning the existing office property into a 195-unit multifamily community. Declaration Partners has joined the project as a joint venture equity partner, while BNY is supplying the construction financing. Davis Construction...
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Collecdev Markee has topped off its 34-storey Cielo Condos tower construction project in Toronto’s Annex neighbourhood. The condominium project, located on Bloor Street West, is expected to deliver 349 residences while supporting hundreds of construction jobs and adding new community and institutional space, said Collecdev Markee. The tower is being developed by Collecdev Markee in...
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One of the last large-scale redevelopment sites in Austin’s East Riverside Corridor is set to go to auction on June 24, with a starting bid of $9.5 million. The ±20-acre infill tract, which includes an existing 562-unit Mia Riverside community, is positioned to benefit from the corridor’s transit-oriented redevelopment momentum and Austin’s light rail expansion. LXMI Capital and Nirvana...
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Aventon Companies purchased a 13.58-acre land assemblage in New Port Richey, Fla., to build Aventon Eva, a 270-unit multifamily development. The Little Family sold the property at 8620 Decubellis Road for $5 million. Casey Babb, Shawn Rupp, Mark Eilers and John Ruscigno of Colliers represented the buyer. Aventon Eva will be situated within the approximately...
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Canadian Urban Limited has acquired has acquired Laurence, a 230-unit mixed-use purpose-built rental-apartment building in Old Montreal on behalf of an unidentified European family office. Canadian Urban did not formally but announce the acquisition. But Sean Demsky, the company’s senior vice-president of investments, confirmed it on LinkedIn after providing comments to a media outlet. According...
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Logos Faith Development, a Los Angeles–based for-profit impact developer, in partnership with St Rest Friendship Baptist Church, broke ground on Phase One of a 138-unit affordable housing community at 709 W. Manchester Ave. in Los Angeles, marking a major milestone in the organization’s 2026 development pipeline. St. Rest Phase One will deliver 62 new apartment homes serving low-...
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The Davis Companies, in partnership with Eloise-Capital, has signed Little Legacy Village Preschool to occupy the ground-floor retail space at 1975 Madison, an eight-story luxury residential building in Central Harlem. The lease represents the final component of the project’s completion, with the preschool slated to open later this year. Little Legacy Village Preschool is an early childhood...
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