News

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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People & Companies News for Week Ending May 30, 2025

Canada + Apartment Buildings

Jamie Read has been promoted to vice-president of people and culture at Townline Homes. She previous served as director of people and culture. Gavin Swartzman will join Christie’s International Real Estate as the firm’s new president and CEO in June. Swartzman spent the past 11 years as CEO of Peerage Realty Partners, a leading Toronto-based...

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People & Companies News for Week Ending May 30, 2025

Canada + Apartment Buildings

Jamie Read has been promoted to vice-president of people and culture at Townline Homes. She previous served as director of people and culture. Gavin Swartzman will join Christie’s International Real Estate as the firm’s new president and CEO in June. Swartzman spent the past 11 years as CEO of Peerage Realty Partners, a leading Toronto-based...

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Second Phase of Peninsula Mixed-Use Tops Out in Bronx

New York & Tri-State + Apartment Buildings

Gilbane Development, Hudson Companies, MHANY Management Inc., and Broadway Builders have topped out Phase Two of the Peninsula, a 100% affordable mixed-use development located in the Bronx’s Hunts Point neighborhood, along Spofford Avenue between Manida and Tiffany streets. The $297-million development features two mixed-income, mixed-use, mid-rise buildings that will deliver 359 additional affordable apartments, from studios...

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Summer is Coming—Time for a Seasonal Apartment Amenities Focus

Apartment Buildings

Athenes Bauza Memorial Day is in the rear-view mirror. Meanwhile, just ahead is June 1, the official start date of “meteorological summer.” Then there is the June 20 summer solstice. What do the above have in common? Warmer weather. And what does warmer weather mean to multifamily property managers and owner-operators? Experts tell Connect CRE...

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Newmark Secures $72M from Barings for Pittsburgh Luxury Apartments

Washington DC + Apartment Buildings

Newmark has arranged a $71.85 million loan on behalf of owner and developer, SomeraRoad, to refinance The Park at SouthSide Works, a newly constructed, highly amenitized seven-story luxury multifamily property in Pittsburgh, Pennsylvania. The financing was secured from Barings by Newmark’s team comprising Jordan Roeschlaub, Nick Scribani, Chris Lozinak and Sam Speciale. Completed in late...

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Interra Brokers Sale of Mixed-Use Building in Suburban Chicago

Chicago & Midwest + Apartment Buildings

Interra Realty has brokered the $2.55 million sale of 2300-2312 S. Central Ave., a 24-unit mixed-use building in Cicero, Illinois. The vintage property, which features 22 apartments and two retail spaces, traded for $106,250 per unit. Interra Director Michael Duckler, Managing Partner Patrick Kennelly, Managing Partner Paul Waterloo and Associate Nathan Zito represented both the...

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White House Pushes to Take Fannie and Freddie Public

Apartment Buildings

President Trump has reiterated his intention to list Fannie Mae and Freddie Mac on a major stock exchange, potentially ending the conservatorship in effect since the 2008 global financial crisis. However, Trump said the GSEs would retain federal guarantees as a backstop. “I am working on TAKING THESE AMAZING COMPANIES PUBLIC, but I want to...

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