News

Eastern Washington Apartment Market Continues to Stabilize

Seattle & Northwest + Apartment Buildings

Apartment transaction activity in Eastern Washington picked up in the second quarter of 2026, with 19 apartment sales totaling $76 million in Q2, according to a recent report from Kidder Mathews. The report offers a look at trends and the latest sales data across 20 counties, including Spokane, Benton, Franklin, Chelan, and Yakima. Spokane remained...

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Seattle Developer To Buy Stalled Pierwell Project For $37.5M

Canada + Apartment Buildings

A Seattle developer is set to acquire the stalled Pierwell luxury project in West Vancouver for about $37.5 million, giving the Dundarave site a path forward after its owner fell into receivership. The B.C. Supreme Court approved the sale to Basel Capital on Aug. 25, court records show. The transaction is expected to close in...

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Manhattan Condo Site Changes Hands for $34M

New York & Tri-State + Apartment Buildings

T&E Development has acquired a vacant development site near Manhattan’s Hudson Yards for $33.5 million. PPHE Hotel Group sold the 9,875-square-foot lot, 538-542 West 29th Street, with Colliers’ New York Capital Markets team arranging the deal on behalf of the seller. Featuring 74,063 square feet of as-of-right zoning floor area, the site sold for approximately...

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WinnCompanies Launches $42M Affordable Housing Rehab in Western MA

Boston & New England + Apartment Buildings

WinnCompanies has closed on financing for the purchase and rehabilitation of Chicopee Village Townhomes, a 290-unit affordable housing community in western Massachusetts. The deal renews the property’s affordability protections, which were due to expire in 2026, and kicks off a $41.5 million rehabilitation effort that will address deferred maintenance on the aging collection of townhouse-style...

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JBL Hopes to Convert Deerfield Beach Retail Center into 736 Apartments

Atlanta & Southeast + Apartment Buildings

JBL is pursuing a plan to redevelop a Deerfield Beach shopping center, converting it into apartments and some retail. The town is considering JBL’s plan to rezone a 13-acre parcel on S. Federal Highway. The S. Florida Business Journal reports the company paid $18.85 million for Rivertowne Square, a 144,000-square-foot retail plaza built in 1980....

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Kennedy Wilson, Shimizu Developing $139M Atlanta-Area Rental Community

Atlanta & Southeast + Apartment Buildings

Kennedy Wilson is partnering with Shimizu Corporation to develop Caldwell, a 382-unit luxury multifamily community in Sandy Springs, Georgia. Kennedy Wilson acquired the 6.9-acre site that housed a former UPS office in late 2025 and began demolition this summer. Kennedy Wilson’s John McCullough added, “By transforming an underused office site into a thoughtfully designed residential...

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Ariel Reps Seller in Bronx Multifamily Portfolio

New York & Tri-State + Apartment Buildings

Ariel Property Advisors arranged the sale of a three-building multifamily portfolio at 2460 Grand Ave. and 636-646 E. 231st St. in the Bronx for $7.5 million. Senior director Sam Schertz, director Daniel Mahfar and investment sales associate Erik Maloney represented the seller. “This sale highlights the continued demand for multifamily properties offering scale and long-term upside in...

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Massachusetts Awards $15M in Tax Credits to Support 856 New Homes

Boston & New England + Apartment Buildings

The Healey-Driscoll Administration has announced $15.3 million in tax credits to spur five projects that will convert vacant or underutilized commercial properties into housing throughout Massachusetts. Supported by the Commercial Conversion Tax Credit Initiative, the projects will bring a total of 856 new rental homes to Boston, Dedham, Springfield, Westford, and Worcester. Among the newly...

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