News

Lennard Commercial Expands into Vancouver, Appoints Local Leaders

Canada + Apartment Buildings

Lennard Commercial Realty has opened a new Vancouver office, expanding to seven locations nationwide. One of Canada’s fastest-growing commercial real estate brokerages, Lennard provides full-service advisory and transaction expertise to tenants, landlords, owners, and investors across office, industrial, retail, land, and multi-family sectors. “Vancouver represents an important step in our long-term vision to connect Canada’s...

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City of Calgary Expands DIP Conversion Lineup

Canada + Apartment Buildings

The City of Calgary has added nine new office-conversion projects to its Downtown Development Incentive Program (DIP.) The municipal investment was announced earlier this year after the city approved 10 new conversions, including the Barclay Centre redevelopment. But the nine sites were not disclosed until now. The city said the unveiled projects will bring 972...

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Cushman & Wakefield, Pyramid Close Four Upstate NY Apartment Deals

New York & Tri-State + Apartment Buildings

Cushman & Wakefield and Pyramid Brokerage Company arranged four multifamily investment sales totaling $200 million-plus across New York State. The volume of activity signals the growing investor appetite for well-located multifamily assets in a region that benefits from high barriers to entry and sustained economic growth and investment. The transactions included the following: The $36,750,000...

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Marcus & Millichap Brokers Sale of Two Multifamily Properties in Minnesota

Chicago & Midwest + Apartment Buildings

Marcus & Millichap completed the sale of Brookwood Apartments and Pine Pointe, two multifamily properties totaling 180 units in St. Cloud, Minnesota. The properties sold for a collective $9.7 million. “St. Cloud remains one of the top rental markets in greater Minnesota, with stable population growth and a strong job base that continues to attract...

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NY State Approves Plan to Redevelop Long-Vacant Creedmoor Campus

New York & Tri-State + Apartment Buildings

The New York State Public Authorities Control Board has approved plans to transform the largely vacant, state-owned Creedmoor Psychiatric Center campus at 79-25 Winchester Blvd. in Queens into a mixed-use project featuring 2,022 apartments. The plan includes more than 950 affordable rentals and 1,000-plus affordable and market-rate ownership units, along with open space, new community...

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Multifamily Project to Kickstart Dallas Mall Transformation

Texas + Apartment Buildings

Anthem Development is starting work on Premier, a 296-unit luxury apartment complex, marking the first phase of the redevelopment of the former Valley View Center mall. Anthem is a real estate firm affiliated with Beck Ventures, which is overseeing the mall transformation. The mall closed ten years ago, was demolished eight years ago, and this...

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The Woodlands Debuts 268-Unit Highrise Rental Property

Texas + Apartment Buildings

The Woodlands, a Howard Hughes community, opened 1 Riva Row, a 13-story 268-unit residential development that marks the debut of high-rise rental living in The Woodlands.  Offering 49 floorplans, the property includes studios, expansive three-bedroom flats, ground-level two-story townhomes with private entries, and penthouse suites. A four-story amenity center features a pool with cabanas and outdoor kitchen, sky lounge terrace with Waterway...

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Bonham Slated for 400-Acre Mixed-Use Development

Texas + Apartment Buildings

The Bonham Economic Development Corporation (BEDCO) revealed more details about the proposed Powder Creek Ranch. The 400-acre mixed-use development, located near the intersection of Sam Rayburn Highway (State Highway 121) and State Highway 56 in southwest Bonham, will feature a mix of residential, commercial and recreational offerings. Powder Creek Ranch will be developed across seven...

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