News

S3 Capital Originates $255M Construction Loan for Edgewater Multifamily

New York & Tri-State + Apartment Buildings

S3 Capital originated a $255-million construction loan to finance the first phase of a $1-billion mixed-use development at 615 River Rd. on the Hudson River in Edgewater, NJ. The project’s initial phase will deliver a 25-story luxury rental building featuring 381 apartments, ground-floor retail and parking for more than 500 vehicles. Upon full buildout, the development...

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GWLRA Breaks Ground on Celo MF Project

Canada + Apartment Buildings

GWL Realty Advisors has commenced construction on its Celo rental-apartment project in North Vancouver, B.C. North Vancouver city council unanimously approved the firm’s multi-family development application in the summer of 2024. The development site is located at 140 West 19th Street in the central Lonsdale area. Plans call for a six-storey building to contain 91...

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CPC Mortgage Provides Financing for Wisconsin Housing Project

Chicago & Midwest + Apartment Buildings

CPC Mortgage Company has structured a $16.4 million Freddie Mac Targeted Affordable Housing forward commitment for the permanent financing of Taking Shape B1, the first phase of Taking Shape, Our Triangle, a redevelopment in Madison, Wisconsin’s, Triangle neighborhood. Developed through a partnership between the Community Development Authority of the City of Madison and New Year...

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302-Unit Luxury Multifamily Community Opens in MD

Washington DC + Apartment Buildings

Greenberg Gibbons and MCB Real Estate announced that The Ironwood at Waldorf Station, a Class A apartment community, is now leasing. The community, conveniently based in rising hub Waldorf, Maryland, welcomed its first residents in August. Located within the 150-acre Waldorf Station master-planned community, The Ironwood introduces 302 luxury residences with amenities including a resort-style...

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Canadian Women in Real Estate Award Nominations Close Tuesday

Canada + Apartment Buildings

Connect is getting ready to select the winners of the 2025 Canadian Women in Real Estate Awards. Tuesday is the nominations deadline. Recipients will be named on November 18. Do you know a woman in Canadian commercial real estate who stands out for her professional excellence and inspirational leadership?  CWIRE Awards will honour Canadian women...

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Newmark Arranges $102M Sale, Financing of Virginia Beach MF

Washington DC + Apartment Buildings

Newmark has arranged the $102 million sale and financing of Latitudes Apartments, a 448-unit multifamily community located in Virginia Beach, Virginia. Newmark President of Capital Markets Strategies Anthony Orso, Multifamily Capital Markets Senior Managing Director Garrison Gore and Executive Managing Directors Victoria Pickett and Charles Wentworth represented seller Heritage Capital Group in the transaction, which...

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Boston Financial Closes $237M Multi-Investor LIHTC Fund

Boston & New England + Apartment Buildings

Boston Financial, an Orix company and the longest-standing syndicator focused exclusively on affordable housing, has closed on Boston Financial Institutional Tax Credits 62 Limited Partnership (ITC 62), a $237-million multi-investor Low-Income Housing Tax Credit fund. ITC 62 is the second-largest multi-investor fund the firm has closed since 2006. The new fund secured commitments from eight...

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Morguard, CENGN, Nokia Launch Three Smart Building Living Labs

Canada + Apartment Buildings

Morguard, CENGN and Nokia have launched three smart-building living labs to help startups and scaleups advance technologies that improve building safety, efficiency and connectivity. CENGN is the Centre for Excellence in Next Generation Networks, a group backed by industry and the Ontario and federal governments. The labs cover the office, multi-family and retail sectors. They...

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