News

TCU, Fiera to Develop 271-Unit Apartment Project in Ottawa

Canada + Apartment Buildings

TCU Development Corporation and Fiera Real Estate have partnered to develop Soul, a 271-unit purpose-built rental project in Ottawa’s Cyrville neighbourhood. Fiera is investing in the project through its Canadian Built Opportunities Fund and signals institutional backing for Ottawa’s rental-housing market, the partners said. Construction expected to begin in May 2026. “Strong partnerships and aligned...

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Deloitte Acquires Infra Real Estate Consultancy Tjene

Canada + Apartment Buildings

Deloitte Canada has acquired Tjene, a Toronto-based infrastructure and real estate technology consultancy specializing in integrated systems for real estate, infrastructure, capital projects and the built environment. The move comes as Canadian major infrastructure investment decisions and projects are ramping up as governments and the private sector dedicate billions of dollars to large-scale developments. In...

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Argo Acquires Nyack Apartments with Hudson River Frontage

New York & Tri-State + Apartment Buildings

Argo Real Estate has acquired West Shore Towers, a 164-unit waterfront community located at 101 Gedney St. in Nyack, NY. The company acquired the property for $45 million and secured $42.5 million in acquisition financing arranged by Jacob Kahn, Marko Kazanjian, and Max Herzog of IPA Capital Markets, a division of Marcus & Millichap. The property includes three...

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Groupe HD Plans $200M Apartment Project on Montreal Former YMCA Site

Canada + Apartment Buildings

Groupe HD plans an approximately $200-million rental-apartment development on the former YWCA site in downtown Montreal. The project site is located at 1355 René-Lévesque Boulevard West. The proposed 30-storey tower would include more than 400 rental units and ground-floor commercial space, redeveloping a prominent site in the city’s Golden Square Mile. While many competitors are...

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Marcus & Millichap Arranges Sale of 40-Unit Milwaukee Multifamily

Chicago & Midwest + Apartment Buildings

Marcus & Millichap brokered the sale of Kane Place Apartments, a 40-unit multifamily property in Milwaukee, Wisconsin. The property sold for $3.52 million, or $88,125 per unit. “Given the seller’s 1031 exchange timeline, we implemented a highly targeted and proactive marketing strategy to quickly generate qualified interest and drive competition,” said Blake Hanlon, senior director of investments. “Through direct outreach and coordinated property...

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McHugh Construction, Powers & Sons Break Ground on Housing Development in Chicago’s South Loop

Chicago & Midwest + Apartment Buildings

McHugh Construction and joint venture partner Powers & Sons Construction broke ground on Southbridge 1C, the latest phase in the redevelopment of the former Harold Ickes Homes at 2305 S. State Street in Chicago’s South Loop. The 12-story building will deliver 80 market-rate and affordable rental units, with a mix of studio, one-bedroom and two-bedroom...

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Ballast Acquires Historic “Three Sisters” Apartments on Van Ness Corridor

California & West + Apartment Buildings

Real estate investment and operating platform Ballast has acquired a trophy portfolio of three historic multifamily buildings in San Francisco for $48.5 million. Collectively known as the “Three Sisters,” the 1928-vintage properties are located along the Van Ness corridor in Pacific Heights. The three adjacent six-story buildings contain 110 units with a mix of spacious...

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Walker & Dunlop Closes $60M in Financing for Chicago-Area Multifamily

Chicago & Midwest + Apartment Buildings

Walker & Dunlop has closed nearly $60 million in construction take-out financing for Optima Verdana, a luxury mixed-use community in Wilmette, Illinois. The Walker & Dunlop Capital Markets Real Estate Finance team, led by Dave Hendrickson, Pat Modig, Jonathan Paine, Mo Beler, Will Crittenberger and Philippe LaPointe, originated the fixed-rate, interest-only financing provided by Freddie...

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