News

Grosvenor Group Looks to Sell U.S. Property Holdings

Apartment Buildings

Grosvenor Group, the centuries-old British property group owned by the billionaire Duke of Westminster, plans to sell its direct U.S. real estate holdings valued at about £700 million (US$954 million) as it pivots towards indirect investments in the region, Bloomberg News and other sources reported. The sale will happen “over a period of time,” probably...

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KKR Venture Trades Copenhagen Apartment Portfolio to Pears Global

Apartment Buildings

KKR and local asset manager Fokus Nordic have completed the sale of a portfolio of Danish residential units in Central and Greater Copenhagen to Pears Global Real Estate Denmark, a leading international real estate investment advisor. The details of the transaction were not disclosed. The portfolio comprises 213 residential units located across attractive submarkets within...

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Greystar/UT Partnering on Student Housing Venture

Texas + Student Housing

Greystar has finalized a public-private partnership with The University of Texas at Austin to develop, design, build, and operate the Law School Village, a new apartment community that is the university’s first dedicated housing for law students. The Law School Village is fully financed by the University, with Greystar as the third-party developer, general contractor,...

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Merrimac Snags $62.5M Construction Loan for Ocala Apartments

Florida & Gulf Coast + Apartment Buildings

Merrimac Ventures, in partnership with Southern Waters Capital, has secured $62.5 million in construction financing from ACORE CAPITAL to fund the development of Leena Ocala, a 360-unit multifamily community in Ocala, Florida. Located on a 36-acre site at SW 60th Avenue and SW 52nd Street, the project will include 300 garden-style apartments spread across multiple...

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Walker & Dunlop: HUD Steps Up as Financing Solution

Apartment Buildings

After a period of volatility and constrained development, HUD financing is gaining momentum as borrowers prioritize long-term certainty and stability, Walker & Dunlop said in its newly published outlook report on HUD financing. Operational improvements are driving faster, more predictable execution, while policy changes continue to enhance loan economics and expand feasibility. “In a market...

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Initia Moves its 1,000 Agents to eXp Realty Canada

Canada + Apartment Buildings

Initia Real Estate has moved its 1,000-agent real estate brokerage business to eXp Realty Canada, the companies announced. The move brings Initia’s network across British Columbia, Alberta, Ontario, Michigan, Florida, Mexico and Colombia onto the eXp platform. Founded in Edmonton in 2015 by Jonathan Yu, the brokerage reported approximately $2.5 billion in 2025. “Initia’s move...

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Investors Returning to Canadian CRE Markets Amid Stable Interest Rates: Remax

Canada + Apartment Buildings

Interest-rate stability is drawing investors back to Canada’s commercial real estate markets, with capital increasingly targeting strong cash-flow assets as leasing activity strengthens and fundamentals firm up despite ongoing economic uncertainty, says a new Renax Commercial report. The company examined first-quarter activity across 12 major Canadian markets and found improving absorption in the office sector,...

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Shindico, Larsen Baker Sell Tucson Place 11.7-Acre Land Parcel to Walmart for US$17M

Canada + Apartment Buildings

Shindico and operating partner Larsen Baker LLC have sold an approximately 11.7-acre anchor parcel at Tucson Place Shopping Center in Tucson to Walmart for approximately US$17 million. Construction is now underway on a new 160,000-square-foot Walmart Superstore at the southwest corner of First Avenue and Wetmore Road in midtown Tucson following the transaction’s completion.. The...

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