News

Manhattan Property Sales Post Strongest Quarter Since 2021

New York & Tri-State + Apartment Buildings

Manhattan property sales saw their strongest quarter since 2021 in the first quarter of 2026, according to Avison Young’s Q1 Manhattan property sales report. With 92 transactions and $3.7 billion in deal volume, a 33% increase quarter over quarter for the highest quarterly total since Q4 2021, Manhattan remains the driving submarket in New York City’s property sales market, Avison Young reported. Multifamily saw...

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City of Calgary Repeals Blanket Rezoning Bylaw

Canada + Apartment Buildings

Ccouncil has repealed a controversial blanket rezoning bylaw approved by the previous regime. Councillors voted 12-3 in favour of bylaw amendments that take effect August 4, Postmedia reported. The move reverses the blanket rezoning policy and returns affected properties to their former land-use designation. Only four members of the former city council retained their seats...

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People and Companies News for Week Ending April 17

Canada + Apartment Buildings

Allied Properties REIT has nominated Mario Barrafato as a board member. He has 25 years of experience working for REITs, most recently as CFO with Choice Properties REIT. He is slated to replace Antonia Rossi, who is not standing for re-election. Allied has also announced that Nathini Nalingham will leave her CFO post. She will retain the position until October 30 to help with her...

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Inland Purchases 156-Unit Seniors Housing Property in Illinois

Chicago & Midwest

Inland Real Estate Acquisitions negotiated and closed the purchase of Clarendale of Mokena, a 156-unit senior living community in Mokena, Illinois, a southwest suburb of Chicago. Matthew Tice, senior vice president of Inland Acquisitions, with assistance from Brett Smith, VP and associate counsel of The Inland Real Estate Group, LLC, Law Department, completed the transaction...

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Capland Eyeing Kyle Mixed-Use Venture

Texas + Apartment Buildings

Capland Development is proposing to build 535 multifamily units and 177,000 square feet of commercial space on a 32-acre site near the Ascension Seton Hays hospital campus in Kyle. The Austin Business Journal reports Capland may also include a hotel, retail, restaurants and office space. Named the Crossroad District, the project will also include unique...

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Sunbelt Building Apartments, Retail Near Turf Paradise

Phoenix & Southwest + Apartment Buildings

Sunbelt Investment Holdings (SIHI) is moving ahead on apartments and an Aldi grocery store on Arizona State Land it secured in 2018, across from Turf Paradise. The Phoenix Business Journal reports that Sunbelt has already delivered a 101,000-square-foot industrial flex office building (photo) on the 90 acres and plans to add six more industrial buildings,...

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Walker & Dunlop Lines Up $1.7B Financing for Starwood Capital Portfolio

Apartment Buildings

Walker & Dunlop, Inc. has originated $1.719 billion in loan proceeds to refinance 12,955 predominantly workforce and affordable housing units in 52 assets across 10 states for Starwood Capital. Walker & Dunlop Capital Markets Institutional Advisory arranged the transaction on behalf of Starwood Capital’s Starwood Real Estate Income Trust (SREIT), which acquired the properties in 2021. Dustin Stolly, Aaron Appel, Jonathan...

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Fengate Launches New Multi-Family Brand

Canada + Apartment Buildings

Fengate Asset Management has launched Fengate Communities, a new residential brand aimed at scaling its multi-family platform and enhancing the living experience for residents. The Toronto-based firm said the brand unifies its growing portfolio under a single identity focused on community-building and “empowering prosperity for everyday Canadians.” The launch comes as Fengate advances one of...

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