News
Hines Snaps Up Luxury Rentals in Affluent Westchester Suburb
JLL Capital Markets secured the $63-million sale of Quarry Place at Tuckahoe, a 108-unit luxury rental community located in the affluent suburb of Tuckahoe, Westchester County. Senior managing directors Jose Cruz and Steve Simonelli, along with director Austin Pierce represented the seller, Veris Residential. The buyer was Hines. “Quarry Place represented an exceptional opportunity for investors to acquire a luxury...
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Income-Restricted Condos Launch Construction in Dorchester
The Mayor’s Office of Housing, in partnership with TLee Development and CoEverything, announced the start of construction on the Harvard and Standish Homes. The new mixed-income development will create 22 income-restricted homeownership opportunities in Dorchester. “The Harvard and Standish Homes development reflects our commitment to expanding homeownership opportunities across Boston,” said Chief of Housing Sheila Dillon....
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CRG Residential Completes $134M Sale of Two Indiana Multifamily Properties
CRG Residential has finalized the $134 million sale of two Indiana multifamily communities in Bloomington and Greenwood, marking an important milestone for the company and its investment partners. The transactions include the Hayden Flats in Bloomington, a 298-unit property completed in 2024, which sold for $68 million, and the Flats at Stones Crossing in Greenwood,...
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Chatsworth Multifamily Deal Highlights Appeal of Core LA Submarkets
Institutional Property Advisors (IPA), a division of Marcus & Millichap, closed the sale of 9733 Topanga Canyon, a 119-unit multifamily property in the Chatsworth neighborhood of Los Angeles. The property sold for $44 million, which represents $369,748 per unit. “9733 Topanga Canyon was acquired to satisfy a 1031 exchange,” said Kevin Green, IPA executive managing director. “The buyer...
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National Multi-Family Vacancy Reaches New Five-Year High
Canada’s multi-family real estate vacancy hit a five-year high for the second-straight quarter, says a new Yardi report. Vacancy rose 110 basis points year-over-year to 4.3% in the third quarter, and was up 20 bps from the half-decade high of 4.1% posted in the second quarter. Montreal saw the biggest vacancy increase the third quarter...
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TruAmerica Multifamily Acquires $47M Renton MF
TruAmerica Multifamily acquired Plum Tree Park, a 96-unit Renton multifamily property for $47.4 million. The Los Angeles-based investment company bought the 34-year-old garden-style asset at 200 SW Fifth Place. The 14-building property occupies 8.1 aces on Rainier Avenue South. The price is 7% less than the assessed value of nearly $51 million, reported the Puget...
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NHP Foundation Breaks Ground on Columbia Heights Affordable Housing Project
The NHP Foundation, in partnership with Change All Souls Housing Corp. and the Columbia Heights Village Tenants Association, announced the development of 1425 Harvard Street NW, the former parking lot of Columbia Heights Village apartments. The ownership group closed on construction financing in July 2025, and construction began shortly thereafter. When completed in 2027, the...
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Starlight to Consolidate Western Canada MF Funds into $639.4M Investment Vehicle
Starlight Western Canada Multi-Family (No. 2) Fund and Starlight Western Canada Multi-Family Limited Partnership have agreed to consolidate their assets into a single investment platform valued at approximately $639.4 million. The two funds are controlled by Toronto-based Starlight Investments, an integrated real estate investor, developer and manager that specializes in rental-apartment assets. The new vehicle...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout