News

Feds Invest $83M in Calgary Affordable Housing Project

Canada + Apartment Buildings

The federal government and its partners are investing more than $83 million to build 204 new affordable rental homes in downtown Calgary. The funding, delivered through the Affordable Housing Fund, will support the conversion of an existing office building at 800 6 Avenue S.W. into a mixed-use residential development known as 800 Six West. The...

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Westside Village Details Start to Emerge

Texas + Apartment Buildings

More details are getting out about a development group’s plans to develop a $1.7 billion project in Fort Worth. Westside Village is a mixed-use development helmed by Larkspur Capital and Keystone Group.  The Fort Worth Report revealed that he project will transform 37 acres that once housed Fort Worth ISD’s former headquarters at 100 N....

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CBRE Facilitates Sale of Multifamily in Seattle’s Waterfront District

Seattle & Northwest + Apartment Buildings

CBRE announced the sale of Walton Lofts, a 136-unit luxury high-rise located at 75 Vine Street in Seattle’s Belltown neighborhood. CBRE’s Pacific Northwest Multifamily team, Eli Hanacek, Mark Washington, Kyle Yamamoto and Natalie Kasper, represented the seller, Clarion Partners. “This transaction reflects the confidence institutional investors have in the Seattle market, offering long-term stability and...

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Seniors Housing Community Secures $600M for 33-Story Tower

Seattle & Northwest

Seattle retirement community Horizon House has secured $600 million in speciality investment bonds that will be used to develop a 33-story tower on its First Hill campus at 900 University Street. The bonds were secured through the Washington State Housing Finance Commission with Chicago-based speciality investment bank Ziegler setting the price and acting as an...

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150-Unit Affordable Housing Community Opens in Fairfax

Washington DC + Apartment Buildings

KTGY has unveiled The Lodge at Autumn Willow, a new affordable housing community in Fairfax, Virginia. The community provides 150 apartments to those earning 30–60% of the area’s median income, addressing a critical need for affordable, design-forward housing. The building occupies only a small portion of the land, leaving most of the site preserved or...

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Morgan Properties Completes US$354M Acquisition of Dream Residential REIT

Canada + Apartment Buildings

Morgan Properties has closed on its US$354-million acquisition of Dream Residential REIT in a $354-million deal. The cross-border transaction privatizes the publicly traded Canadian REIT and adds 15 communities—totalling 3,300 units—across major markets in Texas, Ohio, Kentucky and Oklahoma. “In pursuing the Dream transaction, Morgan Properties leveraged off of our strong balance sheet and our...

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Most One Bloor West Condo Presale Contracts to be Sold

Canada + Apartment Buildings

An Ontario court judge has ordered the cancellation of the purchase agreements for nearly all condos sold at the troubled One Bloor West development in Toronto. Justice Peter Osborne approved a request from court-appointed monitor Alvarez & Marsal to rescind 314 of 329 presale contracts, leaving just 15 agreements in place after they were deemed...

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LV, Kayne Anderson Buy College Station Cottage-Style Apartments

Texas + Student Housing

LV Collective and Kayne Anderson Real Estate acquired The Heights at College Station, a resort-style community offering luxury cottage apartments. The project is targeted at students at Texas A&M. Located at 3055 Holleman Drive S. in College Station, The Heights offers a resort-style pool with Jumbotron, cyber lounge, study spaces, coffee bar, fire pit and grilling pavilions, hammock...

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