News

Avanath Pays $73.5M for Mixed-Income Orlando Rental Community

Florida & Gulf Coast + Apartment Buildings

Avanath Capital Management acquired Retreat at Valencia, a 336-unit mixed-income apartment community near downtown Orlando. The property was acquired for $73.5 million and marks the firm’s seventh investment in the Orlando market. As part of its investment strategy, the firm plans to maintain income restrictions on half of the units for renters earning 60% or less of the area median income (AMI) and operate the remaining units at market rates. Among planned services are financial counselling programs, health and...

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Trigone Planning Five-Tower Apartment Project in Deux-Montagnes

Canada + Apartment Buildings

Habitations Trigone plans to develop a five-tower waterfront apartment project in the Montreal suburb of Deux-Montagnes, Que., La Presse reported. The project includes the five towers and townhouses behind them, and structures would total about 1,500 residential units, according to La Presse. Trigone owners Patrick St-Pierre and Serge Rouillard lost all of their building licenses...

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Southwestern Ontario Industrial Absorption Takes 85% Fall

Canada + Apartment Buildings

Southwestern Ontario industrial real estate absorption nosedived 85% year-over-year in 2025, says a new report from JLL. Year-end 2025 absorption totalled 452,972 square feet compared to about three million sf at the end of 2024. Meanwhile, the region’s average industrial vacancy rose 170 basis points, due mainly to about 2.6 million sf of new deliveries....

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WinnCompanies Completes Passive House Project in Worcester Region

Boston & New England + Apartment Buildings

WinnCompanies has completed The Elmwood, a 93-unit, mixed-income housing development serving households in the fast-growing region around Worcester, MA. The $35.2-million new construction project delivered a combination of low-income, affordable, workforce and market-rate apartments in two energy-efficient, three-story buildings on a vacant nine-acre parcel in Shrewsbury, near key roadways and less than two miles from...

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Newly Built Apartments Trade in San Diego’s Golden Hill Neighborhood

California & West + Apartment Buildings

Marcus & Millichap closed the sale of Chenore Ridge, a 12-unit apartment property located in San Diego. The sale price was $6,300,000. Raymond S. Choi, an investment specialist in Marcus & Millichap’s San Diego Del Mar office, marketed the property on behalf of the seller, Chenore Ridge II LLC. The buyer, Rust Multifamily 3093 Broadway LLC, was secured and represented...

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LCOR Launches Leasing at High-Rise Apartments in North Bethesda

Washington DC + Apartment Buildings

LCOR has launched leasing at Envoi, a 354-unit, high-rise residential community in North Bethesda, Maryland. Envoi marks the fourth and final building within The Quad at Pike District, LCOR’s transit-oriented master-planned neighborhood located adjacent to the North Bethesda Metro Station. Situated in the heart of the Pike District, Envoi offers access to a mix of...

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High Street Residential, Haseko Close on Land and Loan for San Pedro Apartments

California & West + Apartment Buildings

High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, and joint venture partner Haseko North America have closed on land and secured a loan for Jules San Pedro, an eight-story, 281-unit multifamily waterfront community in Los Angeles’ San Pedro Waterfront Arts District. Terms were not disclosed. The project is expected to break ground...

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Vancouver City Council Approves Apartment-Light Industrial Project 

Canada + Apartment Buildings

Vancouver city council has unanimously approved a proposed apartment-light industrial project in the Mount Pleasant area. Known as Three Sixty, the proposed project is located at 320-360 West Second Avenue. The planned mixed-use development must still be approved by Metro Vancouver, a local-government umbrella organization that governs the region’s industrial-land use as part of the...

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