News

Mill Creek Building 144-Unit Austin BTR Community

Texas + Apartment Buildings

Mill Creek Residential has broken ground on Amavi Northwest Austin, a single-family, build-to-rent townhome community planned at 13220 Morris Road in the Northwest Austin/Round Rock metro area.  The project will deliver 144 three- and four-bedroom townhomes and represents the company’s continued expansion of purpose-built rental housing in high-growth Texas markets.  The gated community is being developed on...

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Two S. Florida Developers Buy Apartment Sites at Office Parks

Florida & Gulf Coast + Apartment Buildings

Stiles Corp. and ROVR both bought properties in the parking lots of existing Miami-area office parks. The South Florida Business Journal reports that living on office campuses can reduce commute times and make existing office space more desirable for tenants. Stiles paid $8.25 million for a multifamily development site at the Plantation Crossroads office park....

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Hendersonville Developer Inks Financing for 166-Unit Rental Community

Atlanta & Southeast + Apartment Buildings

Orchard Properties obtained a $30 million construction to start work on a 166-unit apartment complex in Hendersonville, North Carolina. Peachtree Group provided the loan, a three-year bridge term with a one-year extension. Orchard received its rezoning two years ago. The company is allowed to build one-, two- and three-bedroom rental units in seven three- and...

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Atlas Capital Adds 130-Unit East Village Multifamily

New York & Tri-State + Apartment Buildings

Atlas Capital Group acquired 250 E. Houston St., a recently renovated Class A multifamily property in Manhattan’s East Village. Seller and purchase price were not disclosed. The 13-story, approximately 100,000-square-foot property comprises 130 residential apartment units and 9,000 square feet of ground-floor commercial space. The building features high-end finishes throughout, with approximately 75% of the apartments offering private balconies. The transaction was brokered by JLL, led...

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Toronto, Vaughan HAF Funding Reduced Due to Non-Compliance

Canada + Apartment Buildings

The municipalities of Toronto and Vaughan, Ont., will receive reduced federal Housing Accelerator Fund (HAF) allocations after failing to comply with their agreements with the federal government, the Canada Mortgage and Housing Corporation announced. Toronto, which signed its HAF agreement in 2023 and was originally slated to receive $471.1 million, has been found to be...

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Clinton Hill Mixed-Use Scores $20M Refi

New York & Tri-State + Apartment Buildings

Arrow Real Estate Advisors arranged a $20,000,000 bridge loan for the refinancing of a newly constructed mixed-use property located at 1 Putnam Ave. in the Clinton Hill neighborhood of Brooklyn, NY. The financing was arranged on behalf of The Abeco Organization and provided by CounterPointe SRE, a portfolio company of MassMutual. The transaction was led...

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Canadian CRE Market Will Continue to Improve in 2026: Avison Young

Canada + Apartment Buildings

Canada’s commercial real estate market will display continued improvement in 2026 as the return-to-office movement, infrastructure and data-centre investments, among other factors, bolster deals, says a new Avison Young report. Avison Young expects the momentum built up in the second half of 2025 to continue in 2026. The company’s fourth-quarter 2025 cap-rate report says that...

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Cinnaire Raises $134M to Advance Affordable Housing Development

Chicago & Midwest + Apartment Buildings

Cinnaire has announced the closing of a $134 million Low-Income Housing Tax Credit fund, Cinnaire Fund for Housing 44. The fund will finance 12 affordable housing developments across five states, creating or preserving 950 homes for families, seniors, and individuals with special needs. “Through these investments, we’ll be able to help communities meet urgent housing...

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