News

Why Job Numbers Don’t Tell the Whole Story

Apartment Buildings

The U.S. labor market is sending mixed signals. According to Marcus & Millichap, 162,000 jobs were added in August, with June and July numbers revised upward by a combined 55,000. Approximately 80% of August’s net job gains were primarily in food services, local government and health care. At the same time, hiring remains sluggish, and...

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Avison Young Arranges $115M Fannie Mae DUS loan for Rockrose

New York & Tri-State + Apartment Buildings

Avison Young arranged a $115-million first mortgage loan on behalf of an affiliate of Rockrose Development for the Eagle Lofts Collection, Phase 2, a 301-unit, luxury residential property located at 43-14 Queens St. in Long Island City. The financing was provided by Fannie Mae through Wells Fargo Multifamily Capital as its DUS Lender. Avison Young’s...

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MassDevelopment Issues Bond to Assist Conversion of Former Convent to Seniors Housing

Boston & New England

MassDevelopment issued a $7,760,000 tax-exempt bond on behalf of 207 E Street LLC, an affiliate of South Boston Neighborhood Development Corporation, to convert the vacant former St. Augustine’s convent at 207 E St. in South Boston into seniors housing. Eastern Bank purchased the tax-exempt bond, which helped the organization achieve a lower cost of capital....

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Connect Media Presents the Second Annual ApartmentBuildings.com 100

Apartment Buildings

For the second year in a row, Connect CRE, Connect Canada CRE, and ApartmentBuildings.com present the ApartmentBuildings.com 100. These awards honor advancement and achievement in the broadly defined multifamily space, including build-to-rent, student housing, seniors housing and mixed-use with residential. From dealmaking and development to technology and finance, the awards recognize success across deal sizes and pay tribute...

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Sienna Buys Ottawa Retirement Residence For $170.7M

Canada + Senior Housing

Sienna Senior Living has agreed to acquire a recently built Ottawa retirement residence for $170.7M, continuing an acquisition and development push that has added about $1.2B of assets since 2025. The company will pay about $560K per suite for Stonemont On the Park, a 305-suite residence at 1068 Cummings Ave. in Ottawa’s east end. The...

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Woodland, Forum Buy 826 Units Across 34 Ottawa Buildings

Canada + Apartment Buildings

Woodland Capital and Forum have acquired an 826-unit Ottawa apartment portfolio from Minto, completing the largest residential acquisition to date for both buyers. The Parkwood Hills portfolio includes 34 buildings across nearly 26 acres near Meadowlands Drive and Fisher Avenue, with about 800K SF of gross building area. The mix includes concrete mid-rise apartments, low-rise...

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U.S. Apartment Rents Decline for 37th Consecutive Month

Apartment Buildings

The national median asking rent for studio, one- and two-bedroom apartments across the 50 largest U.S. metropolitan areas fell 0.9% year over year to $1,699, according to the Realtor.com August Rental Report. This marks the 37th consecutive month of annual declines. The median asking rent is now $65, or 3.7%, below its summer 2022 peak, while...

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Gantry Secures $51M of CMBS Financing for Kansas City Value-Add Multifamily

Chicago & Midwest + Apartment Buildings

Gantry has secured a total of $50.75 million in two permanent loans to refinance post-construction bridge debt for a pair of recently repositioned and comprehensively renovated apartment communities in Kansas City. Now stabilized, both assets offer modern finishes and upgraded common areas, with studio, one-, two-, and three-bedroom floor plans. The 222-unit Palisades Apartments is...

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