News
Work Begins on 94-Unit Scottsdale Luxury BTR Community
Avala, a luxury rental home community by MODUS Companies, has broken ground. The 94-residence development, located at the northwest corner of 64th and Oak streets, is the first single-family rental community in Scottsdale to earn the Net Zero Energy Ready designation. This offers residents the potential to reduce energy costs by 50% to 70% compared...
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People and Companies News for Week Ending May 22, 2026
Irfan Shariff has been appointed chief operating officer at Vancouver-based Hungerford Properties. Shariff was promoted from his previous position as senior vice-president of investments. He has been with Hungerford for almost 11 years. Tracy Taylor has joined Cresa Alberta as a senior vice-president, specializing in advising suburban office and industrial tenants and owner-users. With more...
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People and Companies News for Week Ending May 14, 2026
Scott Thon will become independent chair of the Aecon Group board, pending his re-election in June. Thon will succeed John Beck, who will not stand for re-election. In recognition of his 60-year contribution to Aecon during his entire career, Beck receive the title of chairman emeritus. Thon has served as Aecon’s lead director since 2024, after joining...
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Alta Developers Lands $91.8M Construction Loan for Miami Apartments
Madison Realty Capital originated a $91.8 million construction loan to Alta Developers for the development of Alta Sunset, a 314-unit multifamily project located at 6075 Sunset Drive in South Miami, Florida. Upon completion, the property will rise ten-stories featuring 314 one- and two-bedroom homes, complemented by 5,444 square feet of ground-floor retail. Amenities include a...
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Equity Residential, AvalonBay to Merge for $52B Apartment REIT
Apartment REITs Equity Residential and AvalonBay Communities, Inc. on Thursday announced a definitive agreement to combine in an all-stock merger of equals. The new company will have a pro forma equity market capitalization of approximately $52 billion and a total enterprise value of approximately $69 billion, with more than 180,000 rental apartments and nearly 11,000...
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Boardwalk REIT Swings Many Deals in First Quarter
Boardwalk REIT’s investment and divestments specialists kept themselves busy during the first quarter, swing several deals. The REIT completed the sale of eight non-core apartment communities in Edmonton; Longueuil, Que., Brossard, Que., and Quebec City comprising 989 suites, generating gross proceeds of $189 million. As Connect reported previously, following the end of the quarter, the...
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Toronto Home Sales Up, Prices Continue to Fall
Greater Toronto Area home sales rose year-over-year in April while the number of new listings declined, pointing to tighter market conditions during the first full month of spring. The Toronto Regional Real Estate Board (TRREB) said 5,946 homes were sold through its MLS System in April, up 7% from the same month in 2025. New...
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Safehold Closes on Ground Leases for Affordable in Santa Clarita, Santa Cruz
Ground lease REIT Safehold Inc. has closed on ground leases for the development of two affordable housing communities, Banana Belt Apartments at 917-923 Water St. in Santa Cruz and Creekside Commons at 27200 Sierra Hwy. in Santa Clarita. The projects will be developed by CRP Affordable Housing & Community Development, an experienced development firm and...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout