News

NAIOP Names Vulcan the North American Developer of the Year

Seattle & Northwest + Apartment Buildings

NAIOP, the Commercial Real Estate Development Association, has selected Seattle-based Vulcan Real Estate as its 2025 Developer of the Year – the association’s highest honor. “It’s an incredible honor to be named NAIOP’s Developer of the Year,” said Ada Healey, Chief Real Estate Officer at Vulcan Real Estate. “We’re proud of the role we’ve played...

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Santa Fe Developer Eyeing 244-Unit Rental Venture

Phoenix & Southwest + Apartment Buildings

Zia Station will provide the land and Aberg Property Co. (APC) will develop Zia Flats, a 244-unit apartment property, as part of Phase I of the Zia Station mixed-use project in Santa Fe. Aberg Property Co. and Zia Station LLC have partnered with Sunward Bank for the financing. Located at the northeast corner of St....

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Dallas Leads Texas Towns in Apartment Growth

Texas + Apartment Buildings

Downtown Dallas ranks 12th in the nation for apartment growth, with over 7,600 new units built since 2020. That accounts for nearly one-third of all new rentals citywide during this period and is the highest downtown share among Texas cities, according to RentCafe.com’s Downtown Construction report.  Dallas leads Texas in downtown apartment construction, with Houston adding 7,128 units and Austin 7,054 units.  Downtown Dallas has experienced steady growth in...

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Magnolia to Lift Development Moratorium

Texas + Apartment Buildings

In what has to be good news for commercial developers, Magnolia plans to lift its building moratorium in a few months. The moratorium was put in place in December of 2022 due to an anticipated water shortage if the pace of development continued at the same speed it was going. The Houston-area city restricted new...

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Q Investment Partners, Melrose Ascension Capital Open Straits Row Residential Tower

Chicago & Midwest + Apartment Buildings

Q Investment Partners (QIP), a Singapore-headquartered private equity real estate firm, along with project partner and co-developer Melrose Ascension Capital (MAC), a Chicago-based private equity real estate development and investment firm, recently celebrated the grand opening of Straits Row, a new 18-story rental tower combining traditional apartments with co-living units in Chicago’s South Loop. Located...

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Peakhill Launches New Project Advisory Division

Canada + Apartment Buildings

Peakhill Capital has launched a new project advisory-services division. Known as Peakhill Project Advisory, the new division is dedicated to providing comprehensive project advisory, development management, and delivery- oversight services to real estate owners, developers, investors, and institutional clients. Supported by Peakhill Capital’s financial strength, the new division is uniquely positioned to both manage and,...

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Many Eyes on New Federal Housing Minister Robertson

Canada + Apartment Buildings

Many observers will be watching Canada’s new federal housing minister closely as he seeks to help the re-elected Liberal government meet its lofty development goal. Gregor Robertson, a former Vancouver mayor, was appointed to the role as Mark Carney swore in his first cabinet as an elected prime minister. Carney became a rare unelected prime...

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Developer Square Nine Offers 25% Discount on Newly Completed Surrey Condos

Canada + Apartment Buildings

A developer will offer newly completed condominium units in Surrey, B.C., at a steep discount during a one-day sale on Saturday. Square Nine will cut prices on its Belvedere project in the Surrey City Centre area by 25%, the Daily Hive Urbanized reported. The discount offer comes as condo developers across Canada are grappling with...

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