News

Houston NFL Team Unveils HQ, Entertainment District Plans

Texas + Apartment Buildings

Howard Hughes Holdings is partnering with the Houston Texans to develop an 83-acre sports and entertainment district in Bridgeland, the company’s 11,500-acre master-planned community in Cypress. Dubbed the Toro District, the Houston Business Journal reports it will be located within Bridgeland Central, the master-planned community’s 925-acre urban core. Besides the Texans complex, the Toro District...

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Hialeah Apartment Developer Inks $43.3M Construction Loan

Florida & Gulf Coast + Apartment Buildings

Ocean Bank provided $43.3 million in construction financing to Development Alliance for Nexus Leah, a transit-oriented 8-story development with 189 apartments in Hialeah. The 1.14-acre site is located at 1140 East 25th Street, directly adjacent to the southeast corner of the Metrorail to TriRail Transfer Station. Set for completion in early 2028, Nexus Leah offers a fitness center, an...

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Developer Duo Lands $60M Financing for Coral Gables Condo Project

Florida & Gulf Coast + Apartment Buildings

Ascendra Capital and BAM Development are teaming up on a 117-unit condominium venture in Coral Gables. Dwight Mortgage Trust was the lender of the $60 million construction loan. The eight-story project will include a mix of one-, two-, and three-bedroom residences. Planned amenities include a pool, sauna, fitness center, resident lounge, co-working spaces, approximately 2,000...

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Vancouver City Council Approves Redevelopment of Famed Commodore Site

Canada + Apartment Buildings

Vancouver city council has approved Bonnis Properties’ application to redeveloped the famed Commodore Ballroom site in the heart of the downtown core. The redevelopment site is located in the 800 block of Granville Street. The Commodore opened in 1930 and has hosted many legendary musicians, performers and groups, including David Bowie, Tina Turner, Kiss, The...

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The Quiet Truth About Affordable Housing: More is Being Built

Apartment Buildings

Florin Petrut America has been battling an affordable housing crisis for years, if not decades. The National Low Income Housing Coalition reported a shortage of 7 million affordable homes for 10.8 million low-income families. At the same time, the National Housing Crisis Task Force said that since 2012, the number of rental units priced below...

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The Senior Housing Sector Forged Ahead in 2025

In 2025, the senior housing sector was marked by increased occupancy and limited new supply, leading to an inventory shortfall. According to Cushman & Wakefield, net absorption was higher than supply growth “as the number of units under construction reached the lowest level since 2012.” Additionally, in its recently released “U.S. Senior Living & Care...

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Winn Acquires Somerville Seniors Complex, Will Increase Affordability

Boston & New England

WinnDevelopment has acquired a 97-unit mixed-income seniors community in Somerville, MA, from the Visiting Nurse Association of Eastern Massachusetts. The acquisition will make the community more affordable and marks the start of a $17.3-million renovation project. The renovation of the property, which will be renamed The Somerhill, will create an all-electric community that uses at...

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Investors Snag 226-Unit Multifamily Property in Richton Park

Chicago & Midwest + Apartment Buildings

Marcus & Millichap brokered the sale of Carriage Creek Apartments, a 226-unit multifamily property located in Richton Park, Illinois. Ryan D. Engle, senior managing director investments, and Andrean Angelov, senior managing director investments, specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller...

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