News

Griffith-Pepdjonovic Team Closes Waltham Apartment Sale

Boston & New England + Apartment Buildings

Marcus & Millichap completed the sale of a nine-unit multifamily property at 9-19 Brown St. in Waltham, MA, for $3,380,000. Buyer and seller weren’t disclosed. “You can argue that Waltham is the most sought-after multifamily market within 128, and we were able to generate five offers on the first day of property tours, which ultimately drove the price above...

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Ontario Provincial Police Investigating IPro Realty Scandal

Canada + Apartment Buildings

The Ontario Provincial Police has launched an investigation into the iPro Realty scandal. The OPP has confirmed to multiple media outlets that it is probing the shuttered company. The Real Estate Council of Ontario forced the closure in August following the illegal disbursal of $10.5 million in agent commissions and consumer deposits from the brokerage’s...

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Bozzuto, Kimco Break Ground on Daly City Rentals

California & West + Apartment Buildings

Bozzuto and Kimco Realty have begun construction for The Chester at Westlake, a mixed-use development that will be Daly City’s first major predominantly market-rate apartment community in more than 15 years. Scheduled to open in winter 2027, the community is the second joint venture of the Bozzuto-Kimco partnership, following Coulter Place on Philadelphia’s Main Line. Located at 99 Southgate Ave. in Daly...

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Kidder Mathews Facilitates $6M Honeysuckle Apartments Transaction

Seattle & Northwest + Apartment Buildings

Honeysuckle Apartments, a 30-unit multifamily property located at 202 19th Avenue East in Seattle’s Capitol Hill neighborhood, has sold for $5.93 million. Dylan Simon, Jerrid Anderson, and JD Fuller of the Simon | Anderson Multifamily Team at Kidder Mathews represented the seller, a private ownership group. The team also sourced the buyer, a group of...

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Westmount Park’s Highside Secures US$500M Investment-Grade Financing Package

Canada + Apartment Buildings

Highside Companies has secured a US$500-million investment-grade financing package from affiliates of Apollo to expand its Everhome Suites hotel platform in collaboration with Choice Hotels International. Denver-based Highside is part of Toronto-headquartered Westmount Park Investments’ portfolio. According to a news release announcing the new financing package, Highside delivers institutional-grade execution across the full development lifecycle—from...

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RCKRBX CEO Michael Broder on the Supply-Demand Mismatch in Multifamily

California & West + Apartment Buildings

Although it may seem as though the COVID-19 pandemic precipitated dramatic changes in how renters think of their apartments and how developers configure units, those changes had begun to manifest themselves in the decade before the pandemic, RCKRBX CEO Michael Broder told Connect CRE. “Back then, we started to see these trends where [renters] were...

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City Planning Commission Endorses OneLIC Rezoning Plan

New York & Tri-State + Apartment Buildings

The City Planning Commission (CPC) on Wednesday voted in favor of the OneLIC Neighborhood Plan, a proposal that would revamp local zoning and undertake other initiatives to create nearly 14,700 new apartments in Long Island City, Queens. The proposal also calls for developing more than 3.5 million square feet of new commercial and industrial space. “Long...

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U.S. Apartment Deliveries Remain Elevated in 2025

Apartment Buildings

New apartment construction in the U.S. continues to be elevated in 2025, with an estimated 506,353 units expected for delivery by the end of the year, Yardi’s RentCafe reported. Although the figure is lower than the estimated 518,000 new units delivered in 2024, it remains significantly higher than the annual totals for each year since...

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