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People and Companies News for Week Ending February 20, 2026

Canada + Apartment Buildings

The commercial real estate industry is mourning the death of Christine Bergeron, president and CEO of Concert Properties. Bergeron died at the age of 51 after battling cancer. In a statement, Concert praised her for “facing cancer with strength and grace.” Bergeron served as president and CEO of Concert from September 2023 to September 2025,...

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CRE Developers to Bid on Massive Chunk of AZ State Land

Phoenix & Southwest + Apartment Buildings

A trio of prominent commercial investors is expecting to bid on portions of a 1,600-acre swath of Arizona State Land in north Peoria (photo: courtesy Keith Dines). Vestar, Land Resources and Sunbelt Holdings have applied for the right to participate in an upcoming auction for the huge parcel. The property is adjacent to the Vistancia master-planned...

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Gilbert Reviewing 568-Unit Apartment Complex

Phoenix & Southwest + Apartment Buildings

Plans for a new 568-unit apartment complex at Cooley Station were presented this month to the Gilbert Planning Commission. The East Valley Tribune reports the complex would be located on 20.24 acres on the southwest corner of Williams Field Road and Verde Drive, just west of the Cooley Station’s retail and commercial portion (photo). The...

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Lone Star Secures $235M Mortgage Loan to Refi Seniors Portfolio

Marathon Asset Management’s Commercial Real Estate platform originated a $235-million senior mortgage loan to an affiliate of Lone Star Real Estate Fund VI, L.P. for the refinancing of an 11-property, mixed-acuity seniors housing portfolio. The portfolio consists of purpose-built communities totaling 1,564 total units. Ten of the eleven properties are located in primary Florida markets,...

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Texas Group Inks Financing for 270-Unit Houston Affordable Rental Community

Texas + Apartment Buildings

Texas Group has secured a $37 million first-lien construction loan for the development of Orem Circle Apartments, an affordable, Class A garden-style multifamily community in Houston. Asher Bittman of Sheridan Capital Partners arranged the loan on behalf of the borrower. HALL Structured Finance (HSF) provided the financing. Completion is slated for fall 2027. The project...

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Third & Urban to Launch $605M Atlanta Office Park Transformation

Atlanta & Southeast + Apartment Buildings

Third & Urban is making progress on Northbend, a $605 million effort to repurpose the dated Corporate Square office park just northeast of Atlanta. The Atlanta Business Chronicle reports the new project will feature a mix of retail stores, more office space, for-sale and rental housing, and lodging. Set to break ground in mid-2026, the first...

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JSB Scores Debt, Equity Financing for Gulf Coast Apartments

Florida & Gulf Coast + Apartment Buildings

JSB Capital obtained a total of $42.5 million in debt and equity to refinance Exchange at the Beach, a 232-unit multifamily apartment community located in the Panama City Beach, Florida neighborhood of Upper Grand Lagoon. Berkadia originated a $29.024 million Freddie Mac-backed five-year, fixed-rate loan, and secured $13.526 million in preferred equity. Mitch Sinberg, Scott...

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BCREA Blasts Province for Raising Housing Taxes

Canada + Apartment Buildings

The provincial government has further burdened home construction amid a slowdown by increasing housing-related taxes, says the BC Real Estate Association. BCREA blasted Premier David Eby’s government Wednesday, a day after the province released its 2026 budget. The realtor group contends that the budget’s housing measures will will worsen affordability and further strain an already...

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