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Related Midwest Opens Playground at Old Town Housing Property

Chicago & Midwest + Apartment Buildings

Related Midwest, the Related Affordable Foundation and Related Affordable Management Company recently celebrated the opening of a newly renovated playground at Marshall Field Garden Apartment Homes, a 628-unit affordable housing community in Chicago’s Old Town neighborhood. Related partnered with KABOOM!, a national nonprofit organization focused on ending playspace inequity, to construct the new playground. Related...

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SVN Chicago Brokers Sale of MF Development Site in Roscoe Village

Chicago & Midwest + Apartment Buildings

SVN Chicago Commercial completed the sale of an 80,000-square-foot land parcel with approximately 300 feet of Chicago River frontage, located at 2221 W Oakdale Avenue in Chicago’s Roscoe Village neighborhood. The site sold for $5.95 million to developer Zev Salomon of ZSD Corp., who plans to transform the long-vacant parcel into a 35-unit row home...

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FHFA Doubles Cap for GSE Investment in Low Income Housing Tax Credits

Apartment Buildings

The Federal Housing Finance Agency said Tuesday it is doubling the amount that Fannie Mae and Freddie Mac can invest Low Income Housing Tax Credit properties. The cap is being raised from $1 billion to $2 billion each, a total of $4 billion per year. In a statement, FHFA said, “Today’s increase means that, in...

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CLV’s $4B Acquisition of InterRent Passes Competition Act Test

Canada + Apartment Buildings

CLV Group’s proposed $4-billion acquisition of InterRent REIT has received approval under the federal Competition Act, clearing the way for the transaction to proceed. The deal will see Ottawa-based CLV acquire all outstanding units of InterRent REIT. The companies say the combined entity will benefit from enhanced scale, a stronger balance sheet, and greater operational...

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Vancouver Ranks Among Globe’s Most Active Luxury-home Hotspots

Canada + Apartment Buildings

Vancouver ranks among the world’s most active luxury-home markets, says Jeffries London. The Canadian city ranked sixth among the 17 most active super-prime homeseller hotpots. Vancouver placed ahead of such highly sought-after markets as London, Hong Kong, Madrid, Dubai, Paris and Rome. Jeffries London is the London office of global investment-banking and capital- markets firm...

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QuadReal Acquires UK Student Housing Portfolio from Apollo Funds

Student Housing

Vancouver-based QuadReal Property Group has acquired an eight-asset, 3,460-bed purpose-built student accommodation (PBSA) portfolio from Apollo-managed funds and entities for more than £500 million (US$665 million-plus). The portfolio includes assets in key PBSA markets across the UK, including London. Seventy-five percent of the portfolio is situated within proximity of prestigious Russell Group universities. All the...

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Historic Denver Dry Goods Building Converting to Apartments

Phoenix & Southwest + Apartment Buildings

Jonathan Rose Companies is redeveloping the historic Denver Dry Goods Building. The project will rehabilitate 51 existing affordable units and convert vacant commercial space into 55 new affordable units while modernizing the property’s infrastructure. Built in 1888, the Denver Dry Goods Building was once the largest department store in the region. The 106-unit affordable housing project,...

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Bay Heights, Oakwood Buy SA Apartments, Plan 6-12 Month Turnaround

Texas + Apartment Buildings

Bay Heights Capital, in partnership with Oakwood Capital, has completed the acquisition of Fredericksburg Place Apartments, a 224-unit multifamily community located in San Antonio, Texas. The purchase price was $14.7 million.  The property was acquired from Benefit Street Partners, who took possession of the asset through a foreclosure process in 2024. The asset had previously traded...

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