News
Bank of Canada Expected to Introduce Rate Hold
The Bank of Canada is expected to hold its key overnight lending rate at 2.25% this week. The BoC will announce its decision on Wednesday as Prime Minister Mark Carney’s government continues to seek a new Canada-U.S. trade deal. However, the U.S. Federal Reserve is expected to make another rate cut on Wednesday. Economists are...
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RSK Starting Work on 210-Unit Katy BTR Community
RSK Real Estate Partners acquired 17.2 acres to develop a second build-to-rent community in Harris County. Construction will get underway in the coming weeks on the Landing at Katy Pointe, a 210-unit project at the corner of Clay Road and Katy Pointe Boulevard on the city’s rapidly expanding west side and one mile north of...
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Canadian Apartment Rents Decline for 14th Straight Month
Canada’s average residential rents declined for the 14th straight month in November, falling to $2,074. The average asking rent for all residential properties declined 3.1% year-over-year, says a new Rentals.ca and Urbanation report released Monday. As a result, average asking rents dropped near an 18-month low. Average rents fell $100 below the November 2024 level...
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456-Unit Boynton Beach Apartment Complex Trades for $183.5M
The Dermot Company sold The Seabourn, a 456-unit luxury townhome and apartment community in Boynton Beach, Florida to IMT Capital. The South Florida Business Journal reports the sales price was $183.5 million. Walker & Dunlop provided the buyer with a $119.28 million mortgage that Fannie Mae backed. The apartment complex last traded for $143 million in 2021. The...
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Long-awaited Vancouver Affordable Housing Project Breaks Ground
A long-awaited affordable-housing project has broken ground in Vancouver’s Yaletown district. An official groundbreaking ceremony was held Friday at the 91-suite development site at 450 Pacific Street, where excavation and the foundation are well underway. The seven-storey project is one of two Yaletown projects in which the federal and B.C. governments are investing a total...
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Starlight Aims to Expand MF Footprint in GTA
Starlight Investments is looking to expand its Greater Toronto Area multi-family real estate portfolio through its infill-development strategy after topping off its 21-storey multi-family rental project in the Etobicoke district. Starlight currently has two active GTA multi-family project construction sites and aims to use many other potential development sites in its regional pipeline to offset...
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Development Site Sells in Residential Hub of the Bronx
Ariel Property Advisors arranged the $7-million sale of a development site located at 114 Bruckner Blvd. within the Mott Haven section of the South Bronx. An Ariel team led by senior director Jason M. Gold and associate director Gabriel Elyaszadeh represented the seller. “Mott Haven has become the center of new residential development projects in the Bronx and...
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Multifamily Properties Near O’Hare Trade Hands
Interra Realty facilitated the sale of two value-add multifamily buildings in the northwest Chicago area, totaling $4.65 million. The two-building, 16-unit 1860-1900 N. Parkside Drive in Park Ridge, Ill., sold for $2.75 million, and the 12-unit 8544-48 W. Gregory St. in Chicago’s O’Hare submarket transacted for $1.9 million. Interra’s Patrick Kennelly, Paul Waterloo and Nathan...
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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