News

Skanska Planning $110M Montrose Mixed-Use Development

Texas + Apartment Buildings

Skanska USA expects to spend at least $110 million on the multifamily component of a mixed-use project in Houston’s Montrose district (photo). The Houston Business Journal reports the location for the 31-story Starling Tower at 1005 Westheimer Road was once home to a retail plaza. Skanska paid $27 million to acquire the 2.86-acre site in August...

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Elevate Building Student Housing at a Fast-Growing Texas University

Texas + Student Housing

S3 Capital originated a $116 million acquisition and construction loan to finance the development of a new student housing project being developed by Elevate Development Partners near Texas State University in San Marcos, Texas. Upon completion, the project will comprise 260 units and 759 beds designed to serve students at Texas State University. Construction will be...

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Denver Investor Scores $90M Financing for 353-Unit Rental Asset

Phoenix & Southwest + Apartment Buildings

Price Brothers has refinanced Rye SoBo, a 353-unit luxury community in Denver. A Blackstone affiliate provided the $90 million, three-year bridge loan. Multi-Housing News reports that previous financing included a $105 million loan issued by AEW Capital Management in 2022. Delivered in 2021 at 290 W. Alameda Ave., the location offers several dining and retail...

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City of Salem Approves Redevelopment of Salem State’s South Campus into Housing

Boston & New England + Apartment Buildings

City officials in Salem, MA approved the redevelopment of Salem State University’s south campus into 340 luxury apartments to be developed by AvalonBay Communities and Winn Development Company, reported the Boston Business Journal. The decision marks the beginning of the school’s consolidation into one campus by fall 2027. The approved apartments are the first phase...

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Jax Apartment Investor Inks $78M Refi

Florida & Gulf Coast + Apartment Buildings

Trevato Development Group, a sister company of Block One Ventures, closed on a $78 million refinance of The Station at San Marco, a 345-unit multi-family project in Jacksonville, Florida, with a nationally known insurance company. The refinance provides Trevato with a low-cost takeout of its construction loan at 90% of cost, and follows a $73 million...

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Rockefeller Group Reveals 60-Story Tower Office Renderings

Atlanta & Southeast + Apartment Buildings

Rockefeller Group unveiled new renderings of the 1072 West Peachtree building, the 60-story mixed-use tower recently completed in Midtown Atlanta. It’s the tallest building constructed in the city in over three decades. (see Connect Contact for photos) 1072 West Peachtree will deliver approximately 224,000 square feet of office space spanning floors 11-to-18. Each level includes...

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Burns, Starlight Team Up on Second Children’s Book Depicting Apartment Living

Canada + Apartment Buildings

Starlight Investments has partnered with Greater Toronto Area-based author Jackie Burns to publish Priya’s Pets, the second title in the Floor Friends children’s book series centred on life in multi-family rental communities. The new book builds on the success of the first installment, Ivan’s Garden of Hope, which received the 2025 Federation of Rental-Housing Providers...

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Kennedy Wilson’s Mac Bernie Sees Deal Market Become Increasingly Competitive

California & West + Apartment Buildings

At Connect Los Angeles 2026 on May 28, attendees will glean insights from industry heavyweights on the state of the market, the 2028 Olympics, affordable housing and getting deals financed. On the latter subject, our panel of experts includes Mac Bernie, managing director, debt investment group with Kennedy Wilson. Here, he sets the stage by...

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