Imagine Housing, a nonprofit housing provider, received $12.1 million from Bellevue’s city council to build 100 affordable residential units at 2650 148th Ave SE in the Lake Hills area. The four-story project on the land of St. Andrew’s Lutheran Church is slated to break ground in 2027. Imagine Housing has raised $15.5 million for land...
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A 20-story West Loop apartment tower in Chicago has traded hands for $66 million. Chicago-based Tandem sold the 198-unit Avra West Loop apartment tower at 1125 W. Van Buren St., which it built in 2021, to Cedar Street, reported Crain’s. CBRE’s John Jaeger, Justin Puppi, and Jason Zyck represented Tandem in the deal. The firm...
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Eastern Bank is serving as lead lender for 775 Huntington Ave., a new mixed-income residential development located in the Mission Hill neighborhood of Boston. Sponsored by nonprofit Roxbury Tenants of Harvard (RTH), the project will create 55 mixed-income homeownership units, including 27 affordable homes and 28 market‑rate homes, and 57 affordable rental units within a new...
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Leading analyst Ray Wong has moved to Newmark from Altus Group. Wong spent nearly nine years with Altus. He is regarded as one of Canada’s top commercial real estate market-intelligence experts. Wong’s move comes after Altus agreed to sell its appraisals business to Newmark for an undisclosed price. Michael Brooks has announced that he will...
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The Watchtower buildings, the largely vacant former headquarters of the Jehovah’s Witnesses in Brooklyn, would be converted into hundreds of residential apartments under a proposed rezoning of the waterfront property, Gothamist reported. The proposal by developer CIM Group, still in its early stages, would convert the office buildings to 661 residential units, including 165 affordable...
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Starlight Investments has opened the first two residential buildings at The District, a new purpose-built rental community in Langford, B.C. The buildings — The Gallery and The Exchange — add 256 rental homes to the rapidly growing Vancouver Island community. When fully completed later this year, The District will include 597 suites across four residential...
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The U.S. Senate voted Thursday to enact the ROAD to Housing Act, legislation that industry groups applauded when it was first introduced. However, the measure now contains a provision targeting build-to-rent (BTR) investment by investors that already own more than 350 units, and the National Multifamily Housing Council and National Apartment Association are calling for...
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The NRP Group and Brooks celebrated the groundbreaking for Lucia at Brooks, a new $72 million, 353-unit apartment community adjacent to Brooks on San Antonio’s Southside. Austin architecture firm Davies Collaborative is leading the project’s design. Located at 9501 SE Loop 410 in the Brooks region, the three- and four-story Lucia at Brooks will offer...
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