News

New Federal Housing Agency Building 4,000 Residences Across Canada

Canada + Apartment Buildings

A new federal housing agency is advancing funding and development plans for six projects on federal lands that together are expected to deliver up to 4,000 new homes across the country. The projects are being led by Build Canada Homes, a federal agency launched in 2025 to build and finance affordable housing at scale, with...

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Quadrangle Plans Mixed-Use Project for Rosslyn’s Key Bridge Site

Washington DC + Apartment Buildings

Quadrangle Development Corporation (QDC), working on behalf of a lender, has unveiled plans for the prominent Key Bridge site in Rosslyn, Virginia. The 5.5-acre property, known as Potomac Overlook, is located at the intersection of North Fort Myer Drive and Langston Boulevard at the base of Key Bridge. The lender, which holds the defaulted first-lien...

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Fairstead Acquires Houston Value-Add Rental Property, to Spend $92K/Unit on Revamp

Texas + Apartment Buildings

Fairstead announced the $43.3 million acquisition and revitalization of Coolwood Oaks, a 10-building, 168-unit affordable housing community in Houston. PNC Bank is contributing Low-Income Housing Tax Credit equity, a bridge loan and tax-exempt financing were provided through HHFC, and Low-Income Housing Tax Credits through the TDHCA.  Located at 777 Coolwood Drive in Houston’s Northshore neighborhood,...

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Pompano Beach Warehouse Campus Trades for $124.5M

Florida & Gulf Coast + Apartment Buildings

A Morgan Stanley fund has offloaded Bridge Point Powerline Road, a 467,000 square foot industrial park in Pompano Beach. CenterPoint Properties acquired the three-building complex for $124.5 million. The project was developed by Bridge Industrial on a site near Copans Road. The park was last sold in 2019 for $68.95 million. That sale was part...

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Milton Apartments Trade for $179.7M

Atlanta & Southeast + Apartment Buildings

Olen Properties Corp. purchased the development formerly known as IMT Deerfield in Milton for $179.7 million. IMT Residential was the seller. The sales price comes out to nearly $600,000 a unit. The Atlanta Business Chronicle reports the company paid $104.5 million for the property in 2015. It has since been rebranded as Magnolia at Milton. Situated...

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Midtown Capital Inks $84M Financing for Flagler Village Apartments

Florida & Gulf Coast + Apartment Buildings

Midtown Capital Partners closed on an $84 million construction bridge loan to complete Astor Park Flagler Village, a 252-unit, mid-rise luxury apartment community located in Fort Lauderdale’s Flagler Village neighborhood. BridgeInvest provided the floating-rate bridge loan which will be used to refinance the property’s existing construction financing and fund remaining completion costs for the project,...

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Province, Feds Invest $300M in 1,430 Nova Scotia Homes

Canada + Apartment Buildings

The Nova Scotia and federal governments are investing $300 million to build 1,430 homes across the Maritime province. About two-thirds (930) of the homes will be located at Shannon Park in Dartmouth, N.S., with work slated to begin soon. The area is home to an elementary school. A new elementary school will be constructed in...

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Naftali Launches Leasing at Williamsburg Wharf’s Third Rental Tower

New York & Tri-State + Apartment Buildings

Naftali Group and Access Industries have launched leasing at Four Williamsburg Wharf, the latest luxury rental building at Williamsburg Wharf, the 3.75-acre master-planned waterfront development along Williamsburg’s East River shoreline. It follows the successful launch of Williamsburg Wharf’s first luxury rental offerings, Two and Three Williamsburg Wharf, which are now more than 95% leased. One Williamsburg Wharf, the...

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