News

Northeastern U. Breaks Ground on 1,215-Bed Dormitory Tower

Boston & New England + Student Housing

Northeastern University has broken ground on 840 Columbus Ave., a 23-story dormitory that will house more than 1,200 students when completed in 2028. The new building is the second residence hall built as part of a partnership between the university, the City of Boston and developer American Campus Communities, a Blackstone portfolio company. It follows...

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NYC Renters Stay in Place as Rents Continue Y-O-Y Climb

New York & Tri-State + Apartment Buildings

 New York City’s rental market has entered a new phase defined by renters staying in place, according to the Q4 2025 NYC Rental Report from Realtor.com. Although rents continued their upward climb in the final quarter of 2025, reaching a median of $3,585 and rising 6.6% year-over-year, the city is now grappling with a lack of turnover...

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Federal Policy Changes Favor Affordable Housing Development

Apartment Buildings

As the pipeline of under-construction apartments continues to diminish, affordable and partially affordable properties are comprising an increasingly larger share of the overall new-supply mix and supporting new development activity, says Yardi Matrix. Annual completions for market-rate apartments will decline to pre-pandemic levels by 2028, while affordable and partially affordable new supply will remain near...

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Heitman Offloads Camelback Apartments After 12-Year Hold

Phoenix & Southwest + Apartment Buildings

Principal Financial acquired the 270-unit Biltmore at Camelback in Phoenix for $97.3 million. Heitman was the seller. Heitman paid $74.75 million ($276,852 per unit) to acquire the four-story complex in 2014. It was built in 2013. The Biltmore at Camelback has units ranging from 628-1,074 square feet renting for between $1,600-$2,600 a month. Balcony and patio...

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Temporary Administrator Says RECO Could Be Scrapped

Canada + Apartment Buildings

The Real Estate Council of Ontario’s administrator says he could shut down the troubled regulator. Jean Lépine told The Toronto Star that he has not ruled out disbanding RECO as he works under a tight 12-month mandate to reform it in the wake of the iPro Realty scandal, which has given the regulator a black...

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StreetLights Building Apartment Tower Near Park Lane Shops

Texas + Apartment Buildings

StreetLights Residential has partnered with Mitsui Fudosan America to develop a 20-story luxury multifamily high-rise at the southeast corner of Park Lane and US-75 in Dallas. The development will deliver 365 residences, including studios and one-, two-, and three-bedroom homes ranging from approximately 505 to 1,707 square feet. The project will feature ground-level retail. Construction...

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Collin Creek Mall Transformation Moving Ahead

Texas + Apartment Buildings

Centurion American Development Group is making headway on a $1 billion transformation of the former Collin Creek Mall in Plano (photo). Over 500 homes have been delivered by builders at the site and company has 412 apartment units in the pipeline, awaiting permits. Once the permits are let, construction on the multifamily project can commence....

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Teskey Takes Helm of Brookfield Asset Management

Canada + Apartment Buildings

Connor Teskey was appointed CEO of Brookfield Asset Management on Wednesday. He succeeds Bruce Flatt, who will continue to chair BAM’s board and remain as CEO of Brookfield Corporation. BAM is a Canadian firm headquartered in New York for the purpose of gaining higher recognition from stock-market indices. The company ranks among the world’s largest...

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