By Howard Paskowitz, Senior Vice President, Development and Public Affairs, Starlight Investments Canada’s housing challenge is no longer defined by a lack of awareness. Across the country, governments have introduced financing tools, tax measures and policy reforms designed to increase housing supply and improve affordability. The federal government’s creation of Build Canada Homes expanded rental...
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Essex Three-Twelve completed the sale of 3141 N. Oakley Ave., a turnkey three-unit multifamily property located in Chicago’s Roscoe Village neighborhood. The property sold for $1.24 million, with Essex Three-Twelve Director Mitir Patel representing the seller. Turnkey three-unit properties are rarely available in Roscoe Village, where strong demand and limited inventory continue to create a...
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Keystone Mortgage Corp. recently closed on a $22,000,000 permanent loan on a multifamily property located in Belmont. The financing was provided by Voya Financial at a fixed interest rate of 5.47%. The borrower was not disclosed. The transaction reflects continued lender appetite for well-located multifamily assets in supply-constrained California markets, and demonstrates Keystone’s ability to...
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The Boston multifamily market strengthened in the second quarter of 2026 as the local job market returned to annual growth for the first time in two years, Northmarq reported. The stronger footing showed up quickly in leasing activity, with tenants absorbing apartments at a faster pace than developers completed them, tightening vacancy and giving landlords room to...
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Belle Station has submitted applications for a nine-storey, 241-unit retirement residence and 104 seniors apartments, including ground-floor commercial space. Cobourg declared the applications complete Aug. 5 and has scheduled a public meeting for Aug. 26. The proposal would add 345 seniors housing units to the Belle Station community in Cobourg’s East Village subdivision. A separate...
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Toronto is planning its first public elementary school built into the podium of a major purpose-built rental tower. The JK-to-Grade 8 school would occupy part of the base of a proposed 39-storey tower at 770 Don Mills Rd., a city-owned site north of the former Ontario Science Centre. The tower is one of three planned...
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JLL has arranged $42 million in financing for Portola Bridge Creek, a 270-unit, garden-style apartment community in Vancouver, Washington. JLL worked on behalf of the borrower, SB Real Estate Partners (SBREP), which has owned the property since 2022, to secure the five-year, fixed-rate loan through Fannie Mae. The JLL Capital Markets Debt Advisory team representing...
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Francis Property Management inked a $68.7 million refinancing on three Texas multifamily communities. Northmarq’s Debt + Equity deal team led by Taylor Francis, along with David Blum, Joe Giordani, Charlie Buckingham and Matt Radich arranged the permanent fixed-rate financing for the three-property Class A multifamily portfolio totaling 940 units located in Houston and San Antonio, Texas. Each loan was structured on a...
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