News

Hamilton Zanze Offloads Glendale Rental Asset for $82.2M

Phoenix & Southwest + Apartment Buildings

TerraCap Management has acquired Tresa at Arrowhead Apartments, a 360-unit community in Glendale. Hamilton Zanze & Co. sold the asset for $82.2 million, or about $228,220 per unit. Commercial Edge reports the buyer took out a $53.4 million Fannie Mae loan, originated by CBRE Capital Markets. The community was previously traded 10 years ago, when...

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Eaton Vance Acquires 360-Unit Katy Rental Community

Texas + Apartment Buildings

Eaton Vance Real Estate Investment Group has acquired Elite 99 West, a 360-unit multifamily property in Katy, Texas. Electra America was the seller. Commercial Search reports that the buyer took out a $40 million Fannie Mae loan originated by Walker & Dunlop. The property previously traded in September 2019, when Electra America acquired the asset...

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Boca Raton Condo Developer Inks $70M Financing

Florida & Gulf Coast + Apartment Buildings

Developer 280 E Palmetto Park Road’s Glass House Boca Raton, secured $70 million in construction financing from Maxim Capital. Spearheaded by Noam Ziv, the nine-story condo project remains on track for its late-2027 completion. Ziv and company say it’s the first modern glass building in downtown Boca Raton. Arrow Real Estate Advisors’ Morris Betesh, Morris...

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$190M Apartment Tower Going Up in Miami Arts District

Florida & Gulf Coast + Apartment Buildings

NR Investments has broken ground on Uni+Dos, a 31-story residential tower planned for 1445 N. Miami Ave. in Miami’s Arts and Entertainment District. The project will deliver 398 income-restricted apartments aimed at households earning between 60% and 140% of the area median income (AMI). Rents are expected to average $1,302 to $2,700 per month, positioning...

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Bob & Michael’s Place Officially Opens in Vancouver’s Chinatown

Canada + Apartment Buildings

A new mixed-use residential and healthcare facility has officially opened in Vancouver’s Chinatown. Vancouver Chinatown Foundation officials, government representatives and community partners recently marked the grand opening of Bob & Michael’s Place. The housing component will provide homes for more than 300 residents. The project, located at 54 West Hastings Street, was developed to address...

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Genesis Residential Lot Sales Up 5% in 2025

Canada + Apartment Buildings

Genesis Land Development sold 5% more residential lots in 2025 than it did in 2024, said company in its latest earnings report. Genesis reported selling 760 residential lots in 2025, a 5% increase from 726 lots sold in 2024, while fourth-quarter 2025 lot sales more than doubled to 328 from 157 a year earlier. The...

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Commercial Real Estate Insolvencies Increasing Steadily

Canada + Apartment Buildings

Canada’s commercial real estate insolvencies and distressed sales have more than doubled in the past three years, says a leading analyst. Raymond Wong, a vice-president with market-intelligence firm Altus Group, told The Globe and Mail that Canada’s CRE industry is experiencing its worst real estate cycle in decades as insolvencies and distressed sales continue to...

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Pinnacle Tops Off 106-Storey SkyTower in Downtown Toronto

Canada + Apartment Buildings

Construction has reached the top floor of the 106-storey Pinnacle SkyTower in downtown Toronto, making it the tallest building in Canada and the first residential tower in North America to reach that height. The tower surpasses the Canada Place building in Toronto as the tallest building in the country. Developed by Pinnacle International as part...

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