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Dallas Multifamily Fundamentals Stabilizing

Texas + Apartment Buildings

Marcus & Millichap has come out with its Dallas-Fort Worth Multifamily Market Report for Q2 of 2025.   “Multifamily fundamentals in Dallas-Fort Worth are stabilizing, with tightening vacancies and renewed rent growth signaling improving market conditions,” stated Mark McCoy, vice president and regional manager.   More insights include:   Deliveries are set to normalize to 25,000 units in...

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Ytech Building Another Brickell Highrise

Florida & Gulf Coast + Apartment Buildings

Ytech is developing 7 Broadway, which would total 400,892 square feet in 54 stories, with 113 condos and 193 parking spaces in Miami’s Brickell Financial District. Amenity decks would be on floors eight, 49 and 50, including a pool on the latter floor. The project will only take up about 20,000 square feet of land....

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Northcrest’s Klein Oversees Big Development Budgets

Canada + Apartment Buildings

 (Leorah Klein is among the 2025 Canadian Next Generation Award recipients, as selected by Connect CRE Canada. This profile explains how she stands out among her peers. Read about all of the award winners.) By Amy Wolff Sorter Leorah Klein is Northcrest’s Senior Manager of Development, where she handles major real estate development projects by managing million-dollar...

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Shindico’s Akman Involved in Many Philanthropic Activities

Canada + Apartment Buildings

(Alex Akman is among the 2025 Canadian Next Generation Awards recipients, as selected by Connect CRE Canada. This profile explains how she stands out among her peers. Read about all of the award winners.) By Amy Wolff Sorter Alex Akman is Shindico’s Chief Operating Officer and a member of the Executive Management team. He oversees and manages...

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AIMCo Promotes Lord to Chief Investment Officer

Canada + Apartment Buildings

The Alberta Investment Management Corporation (AIMCo) has promoted Justin Lord to chief investment officer, effective immediately, following an extensive international search. Lord, who joined AIMCo in 2012, most recently served as senior executive managing director and global head of public markets. In that role, he oversaw the firm’s public equities and fixed income teams. “[Lord]...

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Brownsville Arts Center & Apartments Reaches Financial Close

New York & Tri-State + Apartment Buildings

Gilbane Development, in partnership with Blue Sea Development, Artspace, and the City and State of New York, has closed on financing of the Brownsville Arts Center & Apartments (BACA). The $254 million in funding marks a major step forward in bringing affordable housing and community-centered space to Brooklyn’s Brownsville neighborhood. Located at 366 Rockaway Ave., BACA will deliver nearly...

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Kayne Anderson, JDL to Acquire 31‑Acre Chicago Development Site

Chicago & Midwest + Apartment Buildings

Kayne Anderson Real Estate and JDL Development have entered into an agreement to acquire a development site located at 2001 North Southport Avenue in Chicago. The joint venture will acquire the 31-acre portion of the development on the Chicago River formerly known as Lincoln Yards North. The project, which will be heavily focused on creating...

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Elevated Supply Reducing Advertised MF Rents in Major Markets

Canada + Apartment Buildings

Elevated supply continues to reduce advertised multi-family rental rates in major markets, says a new Canada Mortgage and Housing Corporation. But rents continue to rise and CMHC expects vacancy rates to climb in most markets through the rest of 2025. Since October 2024, asking rents have declined due to the increased supply, albeit at a...

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