News

Ankrom Moisan Promotes Brad Bane to Affordable Housing Lead

Seattle & Northwest + Apartment Buildings

Ankrom Moisan announced the promotion of Brad Bane to Affordable Housing Studio Leader. In this role, Bane will co-lead the studio alongside Katie Lyslo, driving Ankrom Moisan’s mission to deliver high-quality, sustainable, community-focused housing solutions. As Studio Leader, Bane will focus on turning complex housing challenges into innovative, buildable solutions. He will mentor the team,...

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Avison Young Facilitates $9M Sale of Hyde Park MF Portfolio

Chicago & Midwest + Apartment Buildings

Avison Young brokered the sale of the Hyde Park Residential Portfolio, a three-building multifamily portfolio of former student housing assets located in Chicago. The portfolio sold for $9.11 million. Comprising 63 residential units across three properties, the portfolio is strategically positioned adjacent to the University of Chicago and the University of Chicago Medical Center, offering...

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RealPage, DOJ Settle Lawsuit Over Rental Pricing

Apartment Buildings

RealPage has reached a settlement with the U.S. Department of Justice (DOJ) that resolves the DOJ’s legal action regarding the company’s revenue management software used in the multifamily rental housing sector. The settlement is subject to court approval. According to DOJ, the proposed consent judgment would require RealPage to: Cooperate in the United States’ lawsuit...

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Apartment Complex in Spokane Trades Hands

Seattle & Northwest + Apartment Buildings

Osmun Apartments, a 27-unit multifamily property located at 1814 and 1818 W 1st Avenue in Spokane’s historic Brownes Addition, has sold for $2.7 million. Built in 1908, Osmun Apartments has been well-maintained while still offering value-add upside for the buyer. The property consists of 27 apartment units and is situated in one of Spokane’s neighborhoods,...

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Buckeye Developer Eyeing 900 Apartment Units

Phoenix & Southwest + Apartment Buildings

Ward Real Estate and Development is hoping the City of Buckeye approves their zoning request for over 900 apartment units. The application requests the city rezone 64.5 acres of vacant land north of Interstate 10 and the Sundance area. 275 units will be detached cottages, while 170 units will be duplexes and 456 units will...

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21-Story Condo Community Okayed in Daytona Beach

Florida & Gulf Coast + Apartment Buildings

Volusia County approved a new condominium called 2000 N. Atlantic. For now, Gelcorp is developing the project. The Jacksonville Business Journal reports that, regarding the construction timeline, the company will decide whether to pursue development or explore the possibility of selling the concept to another party. After a sales center is built, phase two will...

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Developer Secures $208.4M Construction Loan For 3-Tower Nashville Project

Atlanta & Southeast + Apartment Buildings

Bosa Properties inked a $208.4 million construction loan for The Motley, a three-tower mixed-use development. Otéra Capital Investments provided the financing. The Motley will be built in three phases with the first phase offering a 26-story residential tower with 326 units. Other features of the first tower include 14,000 square feet of ground-level retail, as...

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Houston’s RO Moves to Next Phase

Texas + Apartment Buildings

Transwestern announced the start of construction on the next phase of The RO (pronounced ‘row’). The RO is a large-scale, mixed-use development on 17 acres at the intersection of West Alabama and Buffalo Speedway. It features The Birdsall, Auberge Collection, Houston’s first Auberge-branded hotel and residences; 80,000 square feet of restaurants and boutique retail; The Clayton,...

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