SLC Management has appointed Sonny Kalsi, as president and CEO. The move comes after SLC completed its acquisition of full ownership of BGO. Kalsi is the co-founder and co-CEO of BGO. Steve Peacher remains executive chair of SLC. John Carrafiell, co-founder and co-CEO of BGO, has been named sole CEO of BGO. Both SLC and BGO are subsidiaries...
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Delshah Capital has expanded its Williamsburg footprint, acquiring 34 Berry St., a 142-unit, market-rate multifamily property, from LCOR in a deal valued at $76 million. The company said the acquisition marks a continued expansion of its footprint in one of New York City’s strongest rental markets and signals its broader return to active growth. The...
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Sycamore Development Partners and Stratega Capital plan to build a 398-unit multifamily community in Uptown Dallas. The developer plans to complete the city approval process by the end of the year. The proposed 30-story tower will go up on a surface-level parking lot at the intersection of McKinney Avenue and Hall Street. The Dallas Business...
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Stillwater Capital and financial partners Origin Investments and Eagle Realty Group have started construction on The Ellison, a 380-unit luxury multifamily community located in Chandler. Units in The Ellison will be available for lease in 2028. The Ellison kicks off the development of The District Downtown, a 45-acre mixed-use development located at the northwest quadrant of Arizona and Pecos...
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Greensboro-based multifamily property builder Bell Partners has been acquired by Sun Life for $350 million. The company will continue to operate under its current leadership and will retain its distinct property-level branding, office locations, investment vehicles and client focus. It has 12 offices in the US, including Atlanta, Raleigh and Charlotte. The company has completed...
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NAIOP Greater Toronto is applauding the new Canada-Ontario housing partnership as a decisive step toward unlocking stalled projects and boosting housing supply across the province. The agreement includes $8.8 billion in federal funding over 10 years and targets two key barriers to development: High development charges and a lack of housing-enabling infrastructure. The industry association...
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Brookfield Asset Management has acquired Blackstone’s Fidere residential portfolio in Spain for approximately €1.2 billion (US$1.4 billion), according to multiple medial reports. The transaction, which has a net value of about €1.05 billion, is one of the largest multi-family deals in Spain since the 2007–2009 financial crisis, according to Reuters. The portfolio comprises roughly 5,000...
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Legion Investment Group and Nahla Capital announced that 1122 Madison Avenue is 85% sold. Since launching sales in mid-January, 22 of the building’s 26 condominium residences have entered contract, representing more than $400 million in total sales, including the record-breaking $89.5-million penthouse, reportedly an Upper East Side record that achieved the highest price and price per square foot ever for a condo...
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