News

KTGY Opens Vermeer Apartments in DC’s Buzzard Point

Washington DC + Apartment Buildings

Design firm KTGY has celebrated the grand opening of Vermeer, a new 500-unit residential building, with over 36,000 square feet of retail at 113 Potomac Avenue SW, in Washington, D.C.’s Buzzard Point neighborhood. The 13-story building, developed by Toll Brothers Apartment Living and CrossHarbor Capital Partners, offers a range of amenities including a rooftop pool,...

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BGO Closes $247M Capital Raise for its First Canadian Value-Add Fund

Canada + Apartment Buildings

BGO has closed a $247-million capital raise for its inaugural Canadian value-add real estate fund. The fund marks the firm’s first value-add strategy in Canada. Named the BentallGreenOak Canadian Value-Add LP, the fund targets higher-return real estate opportunities in the country’s largest, growth-oriented markets. All capital commitments—including co-investment capital—came from nine domestic institutional investors, including...

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ROAD to Housing Act Advances in U.S. Senate

Apartment Buildings

The Senate Banking, Housing and Urban Affairs Committee has marked up the Renewing Opportunity in the American Dream (ROAD) to Housing Act of 2025 and released it for consideration by the full Senate. As described by the Bipartisan Policy Center, the measure includes a wide range of policy approaches to address housing affordability and would...

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Scottsdale Rental Asset Acquired for Nearly $400K/Unit

Phoenix & Southwest + Apartment Buildings

High Street Residential sold off the Huxley Scottsdale, a multifamily community developed with PGIM Realty. Phoenix-based Pillar Communities acquired the property for $76 million, $395,000 a unit. The community opened last year. High Street Residential is Trammell Crow’s residential subsidiary. Multi-Housing News reports the buyer secured a $41.5 million acquisition loan originated by Nationwide Insurance...

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Dominium Planning 304-Unit BTR Project in Surprise

Phoenix & Southwest + Apartment Buildings

Dominium acquired a 26-acre parcel in Surprise to build a 304-unit Build-to-Rent community called Allasso Ranch. The project will be at Happy Valley Road and 147th Avenue. AZBEX reports the planned unit mix calls for 152 three- and 152 four-bedroom units. Both unit counts are planned with eight units in single-story buildings and 144 in...

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Expansive Ft. Worth Project to Move Dirt Next Month

Texas + Apartment Buildings

Goldenrod Cos. plans to start work next month on ambitious mixed-use projects in the 2800 block of West Seventh Street and One University in the 3000 block of Morton Street. The Dallas Business Journal reports the pair of developments represents an estimated $400 million investment in the area. Plans for the Van Zandt call for...

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Turtle Creek Sr. Living Community Piles on Amenities

Texas

Saying Nexus Cos’ new Dallas senior living community is luxurious is not a stretch. One of the amenities the company is including is a Mercedes-Benz chauffeured limousine. Multi-Housing News reports that besides a comprehensive health and wellness facility, the amenity offerings include an indoor saline pool and jacuzzi, sports lounge, golf simulator, library, 4K movie...

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Grover Corlew Starts Work on Ft. Lauderdale Multifamily Community, More on Way

Florida & Gulf Coast + Apartment Buildings

Grover Corlew has broken ground on Mayla Cypress, a 312-unit luxury multifamily development located at 6261 NW 6th Way in Fort Lauderdale’s Uptown Urban Village in the Cypress Creek business corridor. The site was previously an underutilized office building. The company has completed one Mayla-branded project and has projects planned in Delray Beach and Orlando....

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