Flagship Communities Real Estate Investment Trust completed two acquisitions for $79 million, expanding its presence in both Indiana and Ohio. Flagship acquired a manufactured housing community in Seymour, Indiana, for $45 million, which will be funded primarily through new debt financing sources. Additionally, the REIT also waived due diligence on the acquisition of an MHC...
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The U.S. Supreme Court’s ruling on the legality of President Donald Trump imposing tariffs due to emergency could change the North American commercial real estate landscape, says Avison Young Chair and CEO Mark Rose. America’s highest court is currently reviewing whether Trump had the right to hike tariffs under the International Emergency Economic Powers ACT...
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Read King broke ground on The Glade at The Groves apartment complex in Atascocita, adjacent to the 1,000-acre The Groves community. The site is already home to an H-E-B supermarket and the first retail and restaurant tenants at The Market at The Groves may open before the end of the year. The Houston Business Journal...
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Stockdale Capital Partners acquired The Quincy at Kierland for $110.3 million, or about $414,000 a unit. The 266-unit mid-rise asset in Scottsdale, Arizona, was sold by Embrey in an all-cash deal. Commercial Edge reports that The Quincy at Kierland has achieved a 94.4 percent occupancy rate. Units average 867 square feet, and rents at the...
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JPI broke ground on a $103.2 million, 415-unit multifamily development in Denton, Texas. Located at 3855 Hudsonwood Road, the first units are expected in Q2 2027. Jefferson Quail Creek’s three-story, walk-up-style community will comprise 1-bedroom, 2-bedroom and 3-bedroom apartments. Amenities will include a resort-style pool, a courtyard with grills, a beer garden with an outdoor kitchen...
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A development team is ready to start building 1,141 new apartments at the Palmetto Metrorail Station in Medley. The transit-oriented development will be built on leased land owned by Miami-Dade County. The property is slated to go on 18.3 acres at 7701 N.W. 79th Ave. The S. Florida Business Journal reports the development team is...
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CentreCourt Developments has broken ground on the first two multi-residential towers at Pickering City Centre in Pickering, Ont. The buildings, at 40 and 45 storeys, will include approximately 974 condominium units. More than $25 million in site servicing is also underway, including new roads, utilities, and the construction of City Centre Park across from Pickering...
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A large Aboriginal lands-claim case in the Gatineau, Que., area will not affect private property, says the chief of the group that has launched the legal action. The Kitigan Zibi Anishinābeg First Nation of Western Quebec’s filing includes a $5-billion lawsuit alleging that the federal and Quebec governments and Hydro-Quebec violated constitutionally protected rights, CBC reported....
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