News

Real Estate Firm Guardian Acquires Portland Residential Tower

Seattle & Northwest

Portland real estate firm Guardian and a Portland nonprofit have partnered to acquire and rehabilitate a downtown senior housing project. Robison Jewish Home worked with Guardian on a recapitalization to secure the property’s affordability status and to secure a round of low-income housing tax credits, which will help fund capital improvements. Guardian acquired the Rose...

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Arselle, Amoroso Launch Multifamily Platform Focused on Western U.S.

California & West + Apartment Buildings

Arselle Investments and Amoroso Companies have formed a multifamily platform to acquire up to $500 million of multifamily properties located across major Western U.S. markets during the next two to three years. Over the course of 2025, the two Southern California-based firms partnered to acquire three multifamily properties for approximately $90 million and plan to...

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St. John Properties Acquires 75-Acre Site, Plans MXU Project 

Washington DC + Apartment Buildings

St. John Properties, Inc. has entered its 13th state with the acquisition of a 75-acre site off Bunker Hill Road in Middletown, Delaware. The Baltimore-based company will develop Middletown Exchange, a mixed-use community comprising 225,000 square feet of flex, R&D and retail space and 450 homes. Groundbreaking for Phase I is expected to occur this...

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White Center Affordable Housing Development Opens in Seattle

Seattle & Northwest + Apartment Buildings

Community Roots Housing and the White Center Community Development Association announced the official opening of Canopy Apartments and the White Center HUB, an affordable housing and community services campus done in partnership with local residents. Located at 10821 8th Ave SW, the development delivers 76 new affordable homes, including 59 apartments with two to four...

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GTHA New Condo Sales Sink to 35-Year-Low

Canada + Apartment Buildings

New condominium sales in the Greater Toronto Hamilton Area sank to a 35-year low in 2025, marking the fourth consecutive annual decline in activity. New condo-apartment sales in the GTHA fell 60% from 2024 to just 1,599 units, the weakest annual result since 1991, according to Urbanation’s year-end 2025 condominium report. Sales were 91% below...

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Empire Planning 24-Story Midtown Phoenix Apartment Tower

Phoenix & Southwest + Apartment Buildings

Empire Group of Cos. plans to break ground next month on a 24-story apartment tower near the Phoenix Art Museum. To be called The Whitney, that 24-story project will include 328 apartment units and 314,000 square feet of retail space. Brinkmann is general contractor for the project, which is set to rise at the southwest...

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JPI Closes on Loan for $114M Grand Prairie Rental Community

Texas + Apartment Buildings

JPI closed on construction financing for Jefferson Southwest Parkway, a planned $114 million Class A garden-style apartment community located at 4700 Lake Ridge Parkway in Grand Prairie, Texas. Anchor Loans secured the $94.6 million senior construction loan on behalf of JPI. Slated for delivery in 2027, Jefferson Southwest Parkway will feature 439 multifamily units, including studio, one-, two-, and three-bedroom apartments. Amenities...

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Alliance Buys Atlanta Hotel, Apartments on Way

Atlanta & Southeast + Apartment Buildings

Apartment builder Alliance Residential has purchased the Homewood Suites by Hilton Atlanta-Galleria/Cumberland for $16.65 million. The Atlanta Business Chronicle reports the Carlyle Group is also involved in the deal. The seller of the hotel was Atlanta-based Artemis Hotel Group. The group bought the property in May 2024 for $12 million. In a LinkedIn post, the...

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