News

Suffolk Will Oversee Cal Poly’s $1.2B Student Housing Expansion

California & West + Student Housing

Suffolk has been awarded the construction management of California Polytechnic State University’s large-scale student housing expansion that will significantly increase on-campus housing capacity through new modular construction and renovations. The $1.2-billion housing program will add approximately 3,600 new student beds and renovate roughly 1,200 existing beds on the San Luis Obispo campus. “Cal Poly has set an ambitious vision...

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Chartwell Acquires Six Seniors Homes, Agrees to Sell One

Canada + Senior Housing

Chartwell Retirement Residences has completed its previously announced agreement to acquire six seniors homes across Southwestern Ontario for $432 million from Sifton Properties, the company announced Monday. To complete the acquisition, Chartwell reached a consent agreement with the Competition Bureau of Canada, addressing concerns that the transaction could lessen competition in retirement-home services in the...

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Cherry Creek Apartments Trade for $137.3M

Phoenix & Southwest + Apartment Buildings

The Dinerstein Cos. paid $137.3 million for a 218-unit apartment complex at 3222 E. 1st Ave in Denver. The sales price equates to nearly $630,000 a unit. The 12-story luxury apartment building, Steele Creek, sits at the edge of Cherry Creek North, a desirable Denver neighborhood. UDR was the seller of the multifamily community. The...

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U.S. Apartment Rents Eke Out Monthly Increase in March

Apartment Buildings

U.S. apartment rents inched upward in March 2026, according to reports from Apartment List and Apartments.com. Apartment List put growth for the month at 0.5%, the second consecutive monthly increase following six months of declines, while Apartments.com data showed the national average rising to $1,723, a +0.2% increase from February’s upwardly revised level of $1,719....

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Wellness-Focused Luxury Condos to Debut in Houston

Texas + Apartment Buildings

KA Residences is set to be one of Houston’s newest wellness-focused luxury residence brands situated near the River Oaks. Moiz Bhamani, the founder of Eletell Development Company, is developing the project with Houston-based interior designer Nina Magon. Community Impact reports the development will offer 25 “ultra private” residents described as “sky villas.” The homes will include...

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JV Breaks Ground on 281-Unit Richardson Rental Community

Texas + Apartment Buildings

High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, and JV partner Tokyu Land Corporation have broken ground on a 281-unit multifamily community in Richardson. The four-story project is expected to be delivered by the fourth quarter of 2027. The City of Richardson has provided Tax Increment Financing (TIF) support for the project,...

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Greystone Adds Over 200 Affordable Atlanta-Area Units

Atlanta & Southeast + Apartment Buildings

Greystone and Harmony Housing paid $22 million for four affordable housing communities in Forsyth County. The Triad Business Journal reports the lending giant previously owned three of the properties. Three of the properties are in Winston-Salem and one in Kernersville. The portfolio added up to 212 units. Foresight Affordable Housing was the seller. The company’s...

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Ontario’s Development Charge Cuts will Spark New Projects: Jacobs

Canada + Apartment Buildings

Ontario’s 50% reduction in housing development-cost charges [DCCs] for the next three years will spur many new projects, says a leading market analyst. Adam Jacobs, Colliers’ head of Canadian research, told Connect that the move will have a more immediate impact than others designed to boost long-term supply in Ontario and across the country. “How...

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