CREtech’s eighth annual CREtech New York event is slated for Oct. 21-22 at the Jacob J. Javits Convention Center on Manhattan’s West Side. As in previous years, the primary goal of the two-day event is to bring together the proptech sector and major commercial real estate owners and investors. This year, there’s a new element:...
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The Annex Group is building a $91 million mixed-income housing project in San Antonio, with the help of loans, tax credits and grants. The 279-unit Central at Commerce, at 1231 E. Commerce St, will have one- to three-bedroom units with rents between 30% and 70% area median income. The San Antonio Business Journal reports the...
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Continental Realty Group acquired the Wildcreek Apartments, a 232-unit, 1984-vintage garden-style apartment community in South Central Austin. JLL Capital Market’s Investment Sales and Advisory team represented the seller, Bob Reeve. The team was led by Ryan McBride, Robert Wooten and Robert Arzola. The community is at 1511 Faro Dr. in Austin’s Southeast Central submarket. Wildcreek...
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Centennial Bank has closed a $73 million construction loan to finance the development of Elysian, a 323-unit luxury apartment community in Winter Garden, Florida, being developed by Unicorp National Developments, Inc. Located at the northeast corner of Avalon Road and Seidel Avenue in Orlando, Unicorp expects an 18-month pipeline. Robby Barrows and David Druey at Centennial Bank...
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Investor confidence in Canada’s multi-suite residential rental properties remained strong in the second quarter, with demand continuing to outpace supply, says Morguard in a new report. Industrial and office asset classes also showed resiliency despite global trade tensions and economic uncertainty, according to according to the company’s 2025 Economic Outlook and Market Fundamentals Second Quarter...
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Killam Apartment REIT completed 10 property transactions in Atlantic Canada during the second quarter and also opened a new building in Waterloo, Ont., to tenants. The activity involved more than 695 residential units changing hands as the REIT advanced its capital-recycling strategy. Killam sold two manufactured home community sites in Gander and Corner Brook, N.L.;...
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The Canada Mortgage and Housing Corporation is seeking more private investment in the country’s rental-housing sector. The federal housing agency says more private-sector involvement is crucial to increasing long-term supply because Ottawa can not address the dire supply shortage on its own. The high cost of homeownership has left renting as the only option, CMHC...
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The federal government’s new Build Canada Homes program could act as a housing in various ways, The Globe and Mail reported. The Globe cited its source as a document posted online by the federal housing ministry. Ottawa’s roles could include working with contractors, investors, and other developers to bring projects to fruition, and Prime Minister...
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