News

Feds Invest $23M in EV Battery Production R&D Hub

Canada + Apartment Buildings

The federal government is investing $23 million in a Siemens Canada EV battery-production research and development hub in Oakville, Ont. Industry Minister Mélanie Joly announced announcement was made today at Hannover Messe industrial conference in Germany. The funding, provided through the Strategic Response Fund, supports a $70-million project that is part of a broader $150-million...

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FTQ Breaks Ground on 12-Story Mass-Apartment Tower in Terrebonne

Canada + Apartment Buildings

The Fonds de solidarité FTQ has broken ground on a 12-storey mass-timber apartrment building in the Montreal suburb of Terrebonne, Que. The project, led by the Fonds, will add 164 rental units on Lucille-Teasdale Boulevard in a rapidly growing area of the city. The development will mark a North American first with the use of...

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Mixed-Income Mott Haven Project Lands $130M Construction Loan

New York & Tri-State + Apartment Buildings

JLL Capital Markets arranged $130 million in construction financing for The 360, a 13-story mixed-use development located at 350 Grand Concourse in the Mott Haven neighborhood of the South Bronx. Managing director Lauren Kaufman and senior director Nicco Lup worked on behalf of the borrower, a partnership between Shorewood Real Estate Group and Bogopa Enterprises,...

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Seabrook Land Company Wins Urban Design Award

Seattle & Northwest + Apartment Buildings

Seabrook Land Company and Qamar & Associates were awarded the grand prize at the 2026 Congress for the New Urbanism Charter Awards, which honor urban design and placemaking. The award recognizes more than two decades of efforts that brought together architects, planners, engineers, and a developer to build an entirely new town from the ground...

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JLL Arranges Acquisition Loan for Suburban Maine Apartments

Boston & New England + Apartment Buildings

JLL Capital Markets announced today that it has secured $13.55 million acquisition financing for Carrier Woods, an 84-unit Class A multifamily property in Scarborough, ME. Managing director Henry Schaffer, directors Mike Shepard and Madeline Joyce and associate Hunter Cuthbertson worked on behalf of the borrower, Chestnut Realty Management, in arranging a seven-year, fixed-rate loan through Fannie Mae....

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City Heights Landmark Redeveloped into Affordable Housing

California & West + Apartment Buildings

Wakeland Housing, in partnership with Price Philanthropies Foundation, hosted a grand opening celebration recently for The Teralta, a new mixed-use affordable housing community in San Diego’s City Heights neighborhood that transformed a historic 1948 landmark into 73 affordable homes for families. Located at 4341 El Cajon Blvd. at the intersection of Fairmount Avenue, The Teralta...

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Kentucky Multifamily Property Sells in All-Cash Deal

Chicago & Midwest + Apartment Buildings

Marcus & Millichap arranged the sale of Silver Creek Apartments, a 24-unit multifamily property located in Jeffersontown, Kentucky. The property sold for just over $4 million, or $167,000 per unit. “This was an all-cash deal that closed in 15 days with no contingencies, with a total timeline of 48 days from listing to close,” said...

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Align-Albertsons Partnership Proposes Seniors Housing on Oakland Retail Site

California & West

San Francisco-based developer Align Real Estate is proposing 415 units of senior housing on land owned by Safeway parent Albertsons in Oakland’s Rockridge neighborhood, a project that would replace an existing retail complex anchored by a Trader Joe’s, reported the San Francisco Business Times. The proposal is the latest in a partnership between the grocer and Align, which so...

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