News

Vancouver Apartment-Condo Sales Fall 15.6% in February

Canada + Apartment Buildings

Sales of apartment homes in Metro Vancouver fell 15.6% year-over-year in February as the region continued to experience slower-than-average residential activity, says a new report from Greater Vancouver Realtors. Apartment sales totalled 824, down from 976 in February 2025, with the benchmark price now at $708,200, a 6.8% decrease from last year and a 0.5%...

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Round Rock’s The District Starts Off with Apartment Complex

Texas + Apartment Buildings

Mark IV Capital and W.E. O’Neil Construction commenced vertical construction at The District in Round Rock, Texas, a multiphase development. The construction begins with the Origin at The District, a Class ‘A’ multifamily building with 316 residences situated atop District Way ground floor retail. The resident amenity package comprises a deck with a heated pool and a...

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Griffis Scores Refi for Denver Rental Community

Phoenix & Southwest + Apartment Buildings

Griffis Residential obtained a $40 million refinancing of Griffis Belleview Station, a 238-unit multifamily community in Denver. Built in 1999, the garden-style community consists of 11 three-story buildings on 11.20 acres and maintains strong occupancy at 94.96%. The property offers both traditional apartment homes and multi-level townhomes with direct-access garages. Amenities include a year-round pool,...

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Stoa Group Moving Ahead on $60M Charlotte Apartment Community

Atlanta & Southeast + Apartment Buildings

Stoa Group broke ground on The Waters at Robinwood, a 288-unit garden-style multifamily community at 10700 Harrisburg Road in Charlotte. The total project is estimated to cost around $60 million. It is expected to deliver in fall 2027. Stoa Group acquired the site made up of seven parcels totaling 25.34 acre for $3.3 million.The Waters...

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Developer Trio Closes $108M Construction Loan for Boynton Beach Rental Community

Florida & Gulf Coast + Apartment Buildings

Hyperion Group, Silverstein Properties and Winter Properties obtained financing for Ocean One, a 371-unit luxury multifamily project in Boynton Beach. Madison Capital provided a $108 million construction loan, and Newmark arranged an equity placement. Newmark’s Adam Doneger, Avery Klann and Hampton Beebe represented Hyperion Group and Winter Properties in the equity raise, while Jordan Roeschlaub,...

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Feds, Baydo Invest $157M in Two-Tower Burnaby Apartment Project

Canada + Apartment Buildings

The federal government and Baydo Group are investing about $157 million to build a two-tower rental apartment project with 388 homes in Burnaby, B.C. The development, known as Baydo Apartments, will rise at 6616 and 6630 Telford Avenue located in the city’s Metrotown area and provide purpose-built rental housing for families, seniors and individuals. The...

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Northcrest’s YZD Project Moves into Construction Phase

Canada + Apartment Buildings

Northcrest Developments’ massive YZD project in Toronto has transitioned into the construction phase after years of planning. YZD is the redevelopment of the former Downsview Airport lands. Montreal-base Pomerleau has been appointed as general contractor for the first phase, Toronto-based Northcrest announced. Spanning 370 acres, the YZD redevelopment is billed as the largest urban redevelopment...

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CAPREIT to Take ERES Private Through $441M Acquisition

Canada + Apartment Buildings

Canadian Apartment Properties REIT (CAPREIT) has agreed to acquire all outstanding units of European Residential ERES that it does not already own in an all-cash transaction, valuing the trust at approximately $441 million, including debt. CAPREIT already owns a majority stake in ERES. Under the arrangement agreement, a CAPREIT affiliate will pay $1.19 per ERES...

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