News

ColRich Pays $77M for 332-Unit Phoenix Multifamily Community

Phoenix & Southwest + Apartment Buildings

ColRich acquired the 332-unit Camden Copper Square from Camden Property Trust for $77 million. Trevor Breaux and Troy Tegeler of the CBRE Debt & Structured Finance practice arranged financing for the buyer. The property’s expansive site plan is divided by 9th Street, with two access points from Van Buren Street and 9th Street. The secure, gated community includes two...

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Development Group Starts Work on Delray Beach Apartments

Florida & Gulf Coast + Apartment Buildings

13th Floor Investments and Key International, along with partners CDS International Holdings and Wexford Capital of West Palm Beach, broke ground on the second phase of their Parks at Delray project. The South Florida Business Journal reports CIBC Bank USA provided a $79.2 million construction loan to the developers for Skye, which will feature 327...

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Nashville Greyhound Station Site Eyed for Redevelopment

Atlanta & Southeast + Apartment Buildings

The Becker Organization is seeking investors for a land deal that would include the downtown Nashville Greyhound station. The Nashville Business Journal reported The Becker Organization recently launched a direct investment and 1031 exchange opportunity, a way for real estate investors to sell a property and reinvest the proceeds in a similar property while deferring...

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Charlotte Apartment Developer Obtains $70.5M Refi

Atlanta & Southeast + Apartment Buildings

RXR originated a $70.5 million loan to refinance Adler Montford Park, a newly delivered luxury multifamily development located in the Montford Park neighborhood of Charlotte, North Carolina. The Class A residential community comprises 241 rental units, 8 for-rent townhomes, and a 289-space structured parking garage. The financing provided by RXR’s Credit Solutions Platform will be...

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Industry Veterans Want Province to Take Over RECO

Canada + Apartment Buildings

Real estate industry veterans are calling on the provincial government to take over the embattled Real Estate Council of Ontario Public and Business Service Delivery and Procurement Minister Stephen Crawford gave the regulator 15 days to respond to official notification that he was planning to appoint an administrator in its place. Crawford’s final decision hinges...

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Fonds, Dév Méta Developing 305-Unit Apartment Complex in Laval

Canada + Apartment Buildings

The Fonds immobilier de solidarite FTQ and Dév Méta have formed a new partnership to develop a 305-unit multi-family rental complex in Laval, Que. The VAIA site is located at 2535 Cure-Labelle Boulevard in Laval’s Chomedey district. The first phase is slated for delivery in March 2027. “Our partnership with Dév Méta comes naturally,” Martin...

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People & Companies News for Week Ending November 21, 2025

Canada + Apartment Buildings

Mikel Pestrak has been promoted to interim president of dealership operations at AutoCanada. He joined the company in 2018 and now oversees all dealership operations, bringing nearly two decades of automotive retail and insurance experience. Art Crawford, has been appointed president collision operations. He also joined the company in 2018 and is credited with turning...

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Maryland Awards Low-Income Housing Tax Credits to Two Development Projects

Washington DC + Apartment Buildings

Enterprise Community Development announced that two of its projects have been awarded 9% Low-Income Housing Tax Credits (LIHTC) through the Maryland Department of Housing and Community Development’s 2025 competitive funding round. The selected projects—Rideout Heath in Columbia, Howard County, and Silver Spring United Methodist Church in Silver Spring, Montgomery County—were among a small group of...

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