News

125 Workforce Rental Units Planned for New Port Richey

Florida & Gulf Coast + Apartment Buildings

Alexander Goshen is partnering with multifamily investor Avanti Residential to develop Walden Pond, a new mixed-income multifamily community in New Port Richey, Florida. The $30 million project is expected to break ground in the first quarter of 2026. Situated on nearly nine acres just west of U.S. Highway 19, Walden Pond will consist of 125...

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Toronto Average Condo Price Falls to Four-Year Low

Canada + Apartment Buildings

Toronto-area condominium prices dropped to their lowest level in more than four years in July, even as overall home sales posted their strongest July since 2021. The average condo price fell 9.3% year-over-year to $651,483, according to the Toronto Regional Real Estate Board (TRREB.) That’s the lowest since February 2021, when it was $642,000, The...

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Developer Duo Prepping Old Fourth Ward Property for Apartments

Atlanta & Southeast + Apartment Buildings

Northwood Ravin and Fuqua are teaming up on an apartment project called The Bowery in Old Fourth Ward. The Atlanta Business Chronicle reports that a shuttered Desperate Housewares is being demolished to make way for the project. Work should begin this fall, and delivery is estimated to occur in mid-2028. The Bowery will consist of...

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IPA Closes $148M Sale of Newly Built Redlands Apartments

California & West + Apartment Buildings

Institutional Property Advisors (IPA), a division of Marcus & Millichap dedicated to serving the company’s institutional clients, closed the $148.4-million sale of The Venue at Orange, a newly built, 328-unit multifamily property in Redlands. With a sales price equating to $452,439 per unit, “The Venue at Orange is the first high-quality, stabilized multifamily asset to trade hands in...

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Bow River Completes Third MF Acquisition in Kansas City Market

Chicago & Midwest + Apartment Buildings

Bow River Capital, a Denver-based alternative asset management firm, has acquired Brookside Commons, a newly constructed 212-unit multifamily community located in Kansas City, Missouri. This marks Bow River’s third multifamily acquisition in the Kansas City market, following the purchases of the Gallerie & Icon properties. Financing was arranged through Berkadia’s Denver office in partnership with...

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Greystone Provides $166M Freddie Mac Loan on Ronkonkoma Mixed-Use

New York & Tri-State + Apartment Buildings

Greystone provided a $166,205,000 Freddie Mac-backed permanent loan on behalf of TRITEC Real Estate Company and The Olayan Group to refinance The Core at Station Yards, a newly delivered, 388-unit, mixed-use residential, office and retail complex in Ronkonkoma, NY. The 10-year, fixed-rate loan was arranged by Greystone Capital Advisors and originated by Greystone Servicing Company...

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Quarterra Commences Leasing at Mid-Rise Allston Rentals

Boston & New England + Apartment Buildings

Quarterra Group, a subsidiary of Lennar Corporation and a real estate investment and development firm, has launched leasing at Harper, a mid-rise community at 40 Rugg Rd. in Boston’s Allston neighborhood. The management of Harper falls under the recent merger agreement between Quarterra Living, the property management division of Quarterra Group, and RKW Residential, the property management arm...

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Kennedy Wilson Acquires Pratt Park Apartments for $80M

Seattle & Northwest + Apartment Buildings

California-based real estate investment company Kennedy Wilson has acquired the Pratt Park Apartments in Seattle’s Central District through an $80.4 million. The firm bought the property at 1800 S. Jackson St. from Seattle-based Security Properties and New York-based Rockwood Capital, reported the Puget Sound Business Journal. The mixed-use building is known for the iconic Wonder...

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