News

AVE Opens Navy Yard Apartment Project in Philadelphia

Washington DC + Apartment Buildings

AVE, the residential brand of Philadelphia-based Korman Communities, in partnership with Ensemble Investments and Mosaic Development Partners, officially opened AVE Navy Yard. AVE Navy Yard anchors Philadelphia’s first new neighborhood in a generation, delivering 614 contemporary apartments across two complementary communities – Normandy and Constitution – along with 75,000 square feet of on demand wellness,...

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Clarion Partners Acquires Newly Delivered Senior Living Community in Spokane

Seattle & Northwest

Franklin Templeton and its specialist investment manager, Clarion Partners, announced that Clarion has acquired The Grand at Spokane, a newly delivered luxury senior living community in the Spokane, Washington area. The acquisition was made on behalf of one of Clarion’s commingled funds. Delivered in 2024 and developed by NexCore Group, The Grand at Spokane is...

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Monument Capital Closes $30M Mt. Prospect Multifamily Sale

Chicago & Midwest + Apartment Buildings

Monument Capital Management announced the disposition of Eclipse at 1450, a 222-unit workforce housing rental community located at 1450 Busse Road, Mt. Prospect, Illinois. The property was acquired by Vladimir Novakic in a $30 million transaction. The sale follows the December disposition of its sister property, The Element, a 509-unit community at 1550 Dempster St....

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People and Companies News for Week Ending March 20, 2026

Canada + Apartment Buildings

InterRent President andCEO Brad Cutsey has resigned to pursue other career opportunities as the REIT continues to advance its friendly takeover by Carriage Hill Properties Acquisition Corp. Cutsey has also resigned from the REIT’s board after helping to advance the proposed deal with Carriage Hill. Dave Nevins has been appointed interim CEO. He has served as InterRent’s chief operating officer for the past...

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Weston Urban Advancing Plans for SA Ballpark-Area Development

Texas + Apartment Buildings

Weston Urban is looking to build 681 apartment units and a 160-room hotel near where the San Antonio Missions baseball team is hoping to build a stadium. The two apartment towers, at 27 and 14 stories, may go up near an eight-story hotel as part of phase one of the baseball stadium proposal. The San Antonio Business...

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Parisian-Branded Hotel, Residences to Debut in Miami

Florida & Gulf Coast + Apartment Buildings

Famed Parisian brand Fouquet’s and its parent company Barrière Group are debuting their second luxury hotel in the U.S. in Miami’s Design District at the Design Residences, designed by Chipperfield. Barriere is a 127-year-old casino and entertainment company.  A 12-story hotel property will include 85 guestrooms, blending with 143 residential units in a 25-story tower...

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B.C. Non-profit Housing Developers Upset About Provincial Funding Pause

Canada + Apartment Buildings

B.C. non-profit housing developers have been left scrambling to fund well-advanced proposed projects after the province paused subsidies for a widely praised affordable-housing program. While unveiling its 2026 budget in February, Premier David Eby’s government announced a for $775 million worth of proposals under the Community Housing Fund, launched in May 2025, would not proceed....

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QPAREB Anticipates Highly Active Quebec City Housing Market

Canada + Apartment Buildings

February sales activity points to a highly competitive spring housing market in the Quebec City region, says the Quebec Professional Association of Real Estate Brokers (QPAREB). The region recorded 1,051 residential transactions in February 2026, a modest 1% increase year-over-year, driven by a 10% rise in condominium sales to 335 transactions. Single-family home sales dipped...

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