News
Genesis Residential Lot Sales Up 5% in 2025
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’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
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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Marcus & Millichap Closes Sale of Court Square Development Site
Marcus & Millichap closed the $9.75-million sale of 42-81 Hunter St., a development site in the Court Square neighborhood of Long Island City, Queens. David Cornejo, Shaun Riney and Sean Fopeano of Marcus & Millichap’s New York City office, represented the seller, Werwaiss Properties, and procured the buyer, BS Northern Realty LLC. “By leveraging real-time market intelligence, our team was able to exceed ownership’s original pricing expectations,” said Cornejo. “Our strategic...
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Harrison Street Asset Management Sells UK Student Housing Portfolio
Chicago-based Harrison Street Asset Management announced the sale of a purpose-built student accommodation portfolio in Bristol, United Kingdom to Ottoway Portfolio Holdings. CBRE advised the seller on the transaction. The portfolio comprises two adjacent, high-quality student housing properties, Print Hall and Unity Street, totaling 491 beds and developed in partnership with joint venture partner Global...
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BART, Related California Break Ground on El Cerrito TOD
Related California and Bay Area Rapid Transit (BART) have broken ground on the first phase of a transit-oriented development at the El Cerrito BART Station. The first phase will yield 70 affordable apartments in a project that ultimately will see 743 units built on 6.5 acres of underutilized BART parking lots. Along with new homes,...
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RST Development Buys Manassas Park Warehouse for $13M, Plans Multifamily Project
Virginia Beach-based RST Development recently paid $12.5 million for a Manassas Park warehouse and its adjacent parking lot, which the firm plans to redevelop with a multifamily project. Located at 8503 and 8505 Euclid Ave., the Conner Commerce Center spans nearly seven acres and includes a 70,590-square-foot warehouse along with 300 surface parking spaces. An...
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$25M Refinancing Secured for Luxury Chicago Multifamily Property
JLL has secured a $25.22 million refinancing for Chateau on Wells, a 43-unit luxury boutique apartment community in downtown Chicago. JLL represented the borrower, Akara Partners, in arranging the three-year, floating-rate loan through D2 Residential. The property features a fully stabilized, 2016-built midrise apartment building with one in-line retail suite located at 707 N Wells St....
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout