News

Connect Seeking Nominees for 2026 Canadian Next Gen Awards

Canada + Apartment Buildings

Do you know any young persons in the commercial real estate industry who stand out because of their talent, drive and fresh ideas? Do you have any rising stars in your midst? Connect is seeking nominees for its 2026 Next Gen Awards. The honours will go to emerging CRE stars working across the country. Please...

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Montreal Condo Sale Offerings Surge, Market Conditions Stabilize

Canada + Apartment Buildings

Montreal-area condominium sales listings surged 20% in February, pushing supply slightly above its historical 10-year average, says a new Quebec Professional Association of Real Estate Brokers (QPAREB) report. Listings of single-family homes and plexes also increased, rising 5% and 6% respectively, according to according to QPAREB’s latest data based on the Centris provincial database. In...

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Town Lane Acquires Seniors Housing Property in Suburban Chicago

Chicago & Midwest

Town Lane, in conjunction with Arcole, its senior housing platform, has acquired The Sheridan at Green Oaks, a 198-unit independent living, assisted living, and memory care community in Lake Bluff, Illinois. The community, which will be re-branded Modena Green Oaks post-acquisition, is situated along Waukegan Road in Lake County, just east of Interstate 94, the...

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Urban League of Metropolitan Seattle, SRM Break Ground on Queen Anne Housing Development

Seattle & Northwest + Apartment Buildings

Altaire at Queen Anne, a 114-unit affordable rental housing development offering studio, one-, two-, and three-bedroom apartments, has broken ground in Seattle. The project transforms a five-year vacant site into housing in one of the city’s higher-cost neighborhoods. The development is being built by the Urban League of Metropolitan Seattle and SRM, in partnership with...

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Baldwin Hills Crenshaw Plaza Redevelopment Launches Phase I

California & West + Apartment Buildings

City leaders and community stakeholders marked the groundbreaking of Phase 1 of the Baldwin Hills Crenshaw Plaza redevelopment, launching construction on one of South Los Angeles’ most historically and culturally significant sites. The groundbreaking marks the start of demolition of the former Sears building and site preparation for 92 new residential homes, the first phase of a multi-phase,...

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Newmark Arranges $145M in Financing for Center City Philadelphia MF

Washington DC + Apartment Buildings

Newmark has arranged a $145 million loan on behalf of Southern Land Company to refinance Josephine, a new 255-unit luxury multifamily property located at 1620 Sansom Street in Center City Philadelphia. The financing was secured from Affinius Capital by Newmark Co-President, Global Debt & Structured Finance Jordan Roeschlaub, Vice Chairman Nick Scribani and Senior Associate...

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Safehold Ground Lease Facilitates Mixed-Income Somerville Development

Boston & New England + Apartment Buildings

Ground-lease REIT Safehold has closed its first deal with Samuels & Associates (S&A) and Mark Development, two Boston-based multifamily developers. Terms were not disclosed. The deal facilitates the redevelopment of 299 Broadway, a long-abandoned former Star Market site in Somerville, MA, into a ground-up project with a total of 319 apartments. “We’re excited to grow...

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Canadian Apartment Rents Fall for 17th Straight Month

Canada + Apartment Buildings

Canadian apartment rents declined for the 17th consecutive month in February, with the national average asking rent falling to $2,030 — the lowest level in nearly three years, says a new report from Rentals.ca and Urbanation. Rents continued to drop across Canada’s largest markets, with notable year-over-year declines recorded in Toronto, Vancouver, Calgary, Montreal, Ottawa...

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