News

Bascom Adds The Ellison to Las Vegas Portfolio

Phoenix & Southwest + Apartment Buildings

The Bascom Group paid $103 million ($350,000/unit) for The Ellison, a 294-unit apartment community located at 9235 West Russell Road in Las Vegas, Nevada’s Summerlin/Spring Valley submarket. Lyon Living partnered with LandSpire Group and Rockwood Construction to develop the project. Since 2013, Bascom has acquired 37 properties totaling 9,959 units across the metro Las Vegas...

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BMC, Rockpoint Close $71M Loan for Denver-Area Apartments

Phoenix & Southwest + Apartment Buildings

A Walker & Dunlop Capital team arranged $71 million in construction financing for The Fillmore at Copperleaf, a 229-unit rental community at 4545 South Versailles St., Arapahoe County in Colorado. BMC Investments and Rockpoint are developing the project. The Walker & Dunlop Capital Markets Real Estate Finance team led by Dustin Stolly, Aaron Appel, Jonathan Schwartz, Adam...

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Miami’s Mandarin Oriental Hotel Razed, 66-Story Tower on Way

Florida & Gulf Coast + Apartment Buildings

Rubble is all that’s left of the once-vaunted Mandarin Oriental hotel in Miami. Swire Properties demolished the hotel at 500 Brickell Key Drive on Sunday. The 23-story luxury hotel fell in less than half a minute. The S. Florida Business Journal reports Swire, which developed the 326-room Mandarin Oriental, Miami hotel in 2000, plans to build...

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Toro Advancing on Johns Creek Mixed-Use Development

Atlanta & Southeast + Apartment Buildings

Toro Development Company (TDC) has closed on the financing for Medley’s second phase, known as “Encore,” and added seven brands, bringing the total number of executed leases to 37, representing 78% of the project’s retail space and 82% of the office space. Encore will open in 2027. Medley is located at the intersection of Johns...

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Financing Secured for Miami’s Casa Cipriani

Florida & Gulf Coast + Apartment Buildings

13th Floor Investments and Midtown Equities snagged financing for Casa Cipriani, a condo and hotel project in Miami. The development will comprise 23 condos and 36 hotel rooms. Casa Cipriani will rise 19 stories on 1.1 acres in the Mid-Beach neighborhood. Commercial Search reports the joint venture acquired the site, which houses two obsolete hotel...

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Northwood Ravin Adding to Charlotte’s Providence Row

Phoenix & Southwest + Apartment Buildings

Demolition is continuing at the former Pinehurst on Providence apartment community, to make way for an apartment and townhome community at Providence Row, Northwood Ravin’s sprawling rental development. The Charlotte Business Journal reports the latest venture will include 144 apartment units and 26 townhomes. Once completed, the project will total 829 apartment and rental units....

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Loft in Redeveloped 120-Year-Old Toronto Church Sold for More Than New Units

Canada + Apartment Buildings

A loft in a converted 120-year-old Toronto church has sold at a higher price than newer condominium units in the surrounding area, The Globe and Mail reported The two-bedroom, 1,160-square-foot unit is located at 701 Dovercourt Road. The loft sold in March for $1.3 million, or roughly $1,120 per square foot, after 13 days on...

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Province Orders West Van to Start Meeting Residential Development Target

Canada + Apartment Buildings

The B.C. government has ordered the District of West Vancouver to implement its Ambleside Centre Local Area Plan after the municipality fell well short of its year-one housing target. According to a B.C. housing ministry news release, West Van delivered just 58 of 220 targeted net-new housing units and missed a Dec. 31, 2025, deadline...

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