News
N. Phoenix Apartments Trade for $58.7M
Institutional Property Advisors (IPA) brokered the sale of Ascend at Black Canyon, a 260-unit multifamily property in Phoenix, Arizona. The asset traded for $58.7 million, or $225,769 per unit. DR Horton was the seller, Millburn & Company the buyer. Steve Gebing and Cliff David, IPA executive managing director of investments, represented the seller and procured...
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Gilbane Building 308 Raleigh Student Housing Units
Gilbane Development recently received the green light from the Raleigh City Council to build a 7-story, 308-unit student housing project near North Carolina State University. Site plans show there will be 98 one-bedroom units, 104 two-bedroom units, 32 three-bedroom units and 74 four- and five-bedroom units. The property is 3.61 acres and currently holds...
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Rilea Group Starts Work on 300-Unit Wynwood Rental Community
Rilea Group broke ground on the Mohawk at Wynwood, a 300-residence mixed-use development located at 50 NE 29th St. Comprising 12- and eight-story residential towers, Mohawk will feature 300 apartments and 29,118 square feet of ground-floor retail, organized around an open-air, cobblestone pedestrian paseo connecting Northeast 28th and 29th streets. The project is being built by Coastal Construction...
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L&G, Taurus Break Ground on Concord Multifamily
L&G’s Asset Management business in the U.S. and Taurus Investment Holdings, LLC broke ground on a new two-building, 201-unit multifamily community at 292–294 Baker Ave. in Concord, MA. Thursday’s groundbreaking ceremony brought together local officials, community representatives and project partners to celebrate the start of site work. The investment and property development is being made...
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Russian Hill Apartments Trade After 50 Years of Family Ownership
Marcus & Millichap arranged the sale of two multifamily properties at 1159-1169 and 1067-1071 Union St. in San Francisco’s Russian Hill neighborhood. Totaling 11 units, the properties sold for a combined $6.25 million after more than 50 years under the same family ownership. “This was the first time either property had been brought to market...
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Verve Buys 263-Unit Ottawa Seniors Campus, Plans $20M Upgrade
Verve Senior Living has taken control of a 263-unit Ottawa seniors housing campus out of the Ashcroft Homes insolvency and plans to invest another $20M in the property over the next two years. The Ravines, at 626 and 636 Prado Private, consists of two connected buildings that were held through separate Ashcroft entities but operate...
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LA City Council Approves Largest-Ever Funding Pool for Affordable Housing
The Los Angeles City Council voted unanimously to approve a Notice of Funding Availability (NOFA) backed by $466.6 million to build and renovate affordable housing. The largest pool of its kind in the city housing department’s history, pending approval by Mayor Karen Bass, the money will be distributed as grants and loans to developers, nonprofits...
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Community Investment Corp. Announces $22M in Loan Closings
Community Investment Corporation (CIC), a Chicago nonprofit lender that finances the acquisition, rehabilitation, and preservation of affordable rental housing, reported strong lending activity for the first half of 2026, advancing its mission to preserve affordable housing and support neighborhood investment. CIC closed $22.6 million in loans and grants during the first half of 2026, supporting...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout