News

Hines Unveils Renderings for Ann Arbor Residential Development

Chicago & Midwest + Apartment Buildings

Hines, in partnership with Simon Property Group, has unveiled new renderings along with the name and brand of the firms’ recently launched residential building, part of the larger mixed-use development around the Briarwood Mall in Ann Arbor, Michigan. In a subtle nod to the eighth President of the University of Michigan, Harlan Hatcher, the property...

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Canadian Firm Acquires Midwest MF Portfolio

Chicago & Midwest + Apartment Buildings

Peninsula Capital Corp., a Canadian real estate investment firm specializing in single-family residential rental housing, has acquired a portfolio of 959 single-family rental (SFR) units across four high-growth U.S. markets in the Midwest, including Kansas City, St. Louis, Indianapolis, and Columbus. Prior to the acquisition, Peninsula owned 1,168 units in Buffalo, New York, Rochester, New...

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Vermont Affordable Rehab Garners Support from M&T Realty Capital

Boston & New England + Apartment Buildings

M&T Realty Capital Corporation announced approximately $5,000,000 Low-Income Housing Tax Credit (LIHTC) equity investment in the Chelsea Williamstown Apartments, an affordable housing redevelopment project in rural Vermont. The investment is structured as a LIHTC equity commitment using 4% credits on a direct investment basis with M&T Bank, alongside a construction loan provided by Northfield Savings Bank. M&T RCC arranged...

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CBRE Facilitates Sale of Multifamily Property in Edmonds

Seattle & Northwest + Apartment Buildings

CBRE arranged the sale of Brackett Apartments, a 386-unit garden-style multifamily community in Edmonds. CBRE’s Eli Hanacek, Kyle Yamamoto, Mark Washington and Natalie Kasper represented the sellers, Intercontinental Real Estate Corporation and TruAmerica Multifamily. Waterton acquired the apartment complex at 9501 244th St. SW, which includes 23 three-story residential buildings and two clubhouses across 22 acres. The...

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Kiser Group Brokers Mixed-Use Building Sale in Morgan Park

Chicago & Midwest + Apartment Buildings

Kiser Group has completed the sale of a 42-unit mixed-use property in Chicago’s Morgan Park for $5.9 million. The property includes four commercial spaces and 38 large residential units, all configured as two- and three-bedroom layouts. The deal marked the highest price-per-unit sale ever recorded in the neighborhood. The building was 100% occupied at the...

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FW Developers Planning 1.7M-SF Downtown Mixed-Use Project

Texas + Apartment Buildings

The Fort Worth City Council listened to a pitch from developers interested in constructing a transformative mixed-use project at the former site of the Fort Worth ISD administrative office and a car lot. Larkspur Capital and the Keystone Group hope to bring 880,000 square feet of office space, 238,000 square feet of new retail, a...

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Colliers Completes Acquisition of Triovest from Coril Holdings

Canada + Apartment Buildings

Colliers has completed its acquisition of Triovest from Coril Holdings. Financial terms were not disclosed. Toronto-based Colliers announced in April that it had entered into a definitive agreement to purchase the prominent commercial real estate services firm. The deal will see Triovest rebrand under the Colliers name and fully integrate its operations. The combined entity...

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Parallel Kicks Off 3rd Texas A&M Student Housing Venture

Texas + Student Housing

Parallel, in partnership with Kayne Anderson Real Estate, has closed on a construction loan and commenced construction of a student housing development at 250 Church Avenue in the heart of College Station’s Northgate district. BMO Bank has provided construction financing. The new development marks the third community that Parallel will deliver to serve Texas A&M...

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