News

Port Moody Approves Beedie Three-Tower Condo Project

Canada + Apartment Buildings

Beedie Group has received City of Port Moody approval to develop three condominium towers as part of a mixed-use project in the Vancouver suburb, according to multiple media reports. The transit-oriented project is located in the Spring Street area and will include almost 1,000 units across the three towers. The company is developing the project...

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Port Moody Approves Beedie Three-Tower Condo Project

Canada + Apartment Buildings

Beedie Group has received City of Port Moody approval to develop three condominium towers as part of a mixed-use project in the Vancouver suburb, according to multiple media reports. The transit-oriented project is located in the Spring Street area and will include almost 1,000 units across the three towers. The company is developing the project...

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Jersey City Waterfront Site Trades for $75M; Approved for 1,250+ Apartments

New York & Tri-State + Apartment Buildings

Cushman & Wakefield arranged the $75,000,000 sale of Harborside 8 and 9, one of the last remaining large-scale development sites along Jersey City’s Hudson River Waterfront. The firm represented the seller, Veris Residential. The buyer was Panepinto Properties. The site os within the Harsimus Cove Station Redevelopment Area and is fully planned, entitled and positioned...

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CRG, Kenter Capital Break Ground on University of Oregon Student Housing

Seattle & Northwest + Student Housing

CRG and Kenter Capital have started construction on Chapter Alder, a 15-story, 491-bed student housing high-rise adjacent to the University of Oregon campus. Located at the intersection of 13th Avenue and Alder Street, Chapter Alder will include 133 fully furnished units in a mix of studio, one-, two-, four- and five-bedroom floor plans. Each residence...

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LA City Council Makes Mayor Bass’ ED1 Initiative Permanent

California & West + Apartment Buildings

(Updated with additional information) The Los Angeles City Council has voted to make Mayor Karen Bass’ affordable housing initiative, known as Executive Directive 1 (ED1), a permanent part of the L.A. Municipal Code. Issued three years ago at the beginning of Bass’ term, ED1 fast-tracks approvals on 100% affordable projects, streamlining the review process to...

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Bank of Canada Holds Key Interest Rate at 2.25%

Canada + Apartment Buildings

The Bank of Canada held its key overnight lending rate at 2.25% on Wednesday as its governor expressed satisfaction with the country’s economic performance in the wake of strained trade relations with the U.S. amid ongoing uncertainty. The widely expected decision came after the central bank introduced cuts earlier this year, most recently in October....

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Bank of Canada Holds Key Interest Rate at 2.25%

Canada + Apartment Buildings

The Bank of Canada held its key overnight lending rate at 2.25% on Wednesday as its governor expressed satisfaction with the country’s economic performance in the wake of strained trade relations with the U.S. amid ongoing uncertainty. The widely expected decision came after the central bank introduced cuts earlier this year, most recently in October....

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Fairstead to Spend $242M on Acquisition, Rehab of 700 Houston Apartment Units

Texas + Apartment Buildings

Fairstead announced the $242 million acquisition and rehabilitation of Haverstock Hills Apartments, a 700-unit affordable housing community in Houston’s East Aldine neighborhood. Haverstock Hills will undergo sweeping renovations, including in-residence, exterior and common area upgrades, as well as enhanced amenities to modernize the property and improve operating efficiencies. With this purchase, Fairstead’s Houston portfolio now...

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