News

People and Companies News for Week Ending May 8, 2026

Canada + Apartment Buildings

Christian Mayer and Elias Mulamoottil have been appointed to expanded global leadership roles at Colliers as the Toronto-based commercial real estate and investment management firm restructures senior management ahead of the retirement of longtime executive Chris McLernon. Mayer has been named global chief financial officer and CEO of commercial real estate, adding oversight of the...

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New CEO Roome Aims to Bring Out Best in Concert’s People

Canada + Apartment Buildings

Catherine Roome portrays herself as a storyteller rather than an incoming president and CEO intent on expanding her firm’s commercial real estate footprint and overall growth. Roome is preparing to take the reins of Vancouver-based Concert and build on the legacy established by her late predecessor Christine Bergeron, who died in February after battling brain...

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Pinnacle’s Lougheed Mixed-Use Tower Projects Set to Go Higher

Canada + Apartment Buildings

Pinnacle International has revised plans for the first phase of the huge Pinnacle Lougheed mixed-use development in Burnaby, B.C., seeking to raise two proposed towers further into the sky. The updated proposal for the site beside the Lougheed Town Centre SkyTrain station would see one tower rise to 87 storeys from 80 storeys. Meanwhile, the...

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Apartment Management Consultants Rolls Out Prisma Residential Portal Across Portfolio

Apartment Buildings

Apartment Management Consultants (AMC) has selected and deployed Prisma Prop Tech as its primary resident portal and payments platform across its managed portfolio of apartment communities. Across its 900-plus managed properties, AMC leverages Prisma’s platform and mobile application to drive value for residents and owners. Prisma is providing AMC with a unified resident platform that includes digital...

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Firm Capital Completes One MHC Acquisition, Advances Another Proposed Purchase

Canada + Apartment Buildings

Firm Capital Property Trust has completed the acquisition of one of 11 Prairie manufactured home communities that are part of an approximately $227-million proposed purchase. Firm announced that it has closed on the $8.5-million acquisition of a 50% stake in a 103-unit acquisition in Didsbury, Alta., and advanced the proposed purchases of the other 10...

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Alchemy Properties Plans Resi Conversion of Vacant Tribeca Garage

New York & Tri-State + Apartment Buildings

Avison Young arranged the sale of an 8,850-square-foot site located at 60 N. Moore St. in Tribeca for $57 million. The lot, with more than 100 feet of frontage between Hudson and Greenwich streets, currently hosts a vacant five-story car garage with city-approved plans for two additional floors totaling more than 63,000 square feet of...

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Logos Faith, Sunflower Bank Close Loan for Phase One of South LA Affordable

California & West + Apartment Buildings

Sunflower Bank and Logos Faith Development announced the closing of a construction loan of approximately $15 million for Logos’ St Rest Phase One, an affordable housing community in South Los Angeles. The project represents the first phase of a two-phase development on land owned by St Rest Friendship Baptist Church. Located at 706 W. 85th St., St Rest Phase...

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Gantry Secures $27M for Two Portland Multifamily Properties

Seattle & Northwest + Apartment Buildings

Gantry has secured permanent loans totaling $27 million for two stabilized, high-quality suburban apartment communities in Oregon. The mature, actively maintained garden-style properties, Main Street Village in Tigard and The Ridge at Mountain Park in Lake Oswego, total 373 units and feature a range of amenities including swimming pools, clubhouses and covered parking and/or garages....

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