News

Hebrew SeniorLife Receives State Funding for Stoughton Affordable

Boston & New England

Nonprofit Hebrew SeniorLife said its effort to bring 96 units of permanently affordable housing with supportive services for older adults in Stoughton has received allocations of state and federal low-income housing tax credits and additional subsidies from the Commonwealth of Massachusetts. The Healey-Driscoll Administration has announced $182 million in low-income housing tax credits and subsidies...

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Kidder Mathews Arranges $35M Sale of Three-Property Portfolio in Seattle

Seattle & Northwest + Apartment Buildings

A three-property multifamily portfolio totaling 215 units has sold for $35.2 million in Seattle. Dylan Simon, Jerrid Anderson, Matt Laird, and JD Fuller of the Simon | Anderson Multifamily Team at Kidder Mathews represented the seller, longtime private owner John Stephanus, and sourced the buyer, Vista Investment Group, a Los Angeles-based firm making its first...

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U.S. Apartment Rent Growth Slows to 1.1% Year-Over-Year

Apartment Buildings

U.S. apartment rent growth continued to slow throughout July, with the national average holding at $1,717, unchanged from June, CoStar Group’s Apartments.com reported Friday. The month-over-month change was a negligible -0.03%, marking the sixth consecutive month of flat or negative monthly growth. Annual rent growth has also slowed, from 1.5% in January 2025 to 1.1%...

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Marquette Management Adds Oswego MF to Property Management Portfolio

Chicago & Midwest + Apartment Buildings

Marquette Management has expanded its property management portfolio with the addition of Emblem Oswego, a 312-unit luxury multifamily community in Oswego, Illinois. “With demand outpacing supply in this part of the Chicago suburbs, we see a meaningful opportunity to create value for our client and deliver a standout resident experience,” said Jim Cunningham, president of...

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Marcus & Millichap Brokers Sale of Vacant DC Apartment Property

Washington DC + Apartment Buildings

Marcus & Millichap has brokered the sale of V Street Apartments, a vacant, 12-unit multifamily community in the Eckington neighborhood of Northeast Washington, D.C. The asset sold for $775,500.   “We’re pleased to have successfully completed the sale of V Street Apartments through the Chapter 11 bankruptcy process,” said Ryan Murray, Associate. “The sale closed within...

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Gilbert Greenlights Massive Development

Phoenix & Southwest + Apartment Buildings

The City of Gilbert has okayed all entitlements for The Ranch, a landmark $1 billion mixed-use development. Led by development partners IndiCap, Colmena Group, and Langley Properties, The Ranch covers 295 acres along Power Road between Warner and Elliot Road. The project will include industrial, residential, and commercial elements in the Morrison Ranch neighborhood. Upon full...

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NRP Closes Financing, Starts Work on $87M Carrollton Apartments

Texas + Apartment Buildings

The NRP Group closed its financing and broke ground on a 370-unit luxury multifamily community in Carrollton, Texas. The $87 million project, known as Jackson Road, is located at 2255 N. Broadway Street and will feature one-, two-, and three-bedroom homes with dens. The average unit size will exceed 1,000 square feet. The project is...

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Chard Aims to Develop 542 MF Units at Former Harlow Project Site

Canada + Apartment Buildings

Chard Development plans to build two multi-family rental-residential towers containing 542 rental units on the former Harlow project site in Vancouver’s West End. The local company has submitted a development application to the city for the site located at 1045 Haro Street. “It is poised for transformation, consistent with city planning goals for increased density,...

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