News

Keelbase Capital Acquires The Baxter Apartments in Bellevue

Seattle & Northwest + Apartment Buildings

Keelbase Capital, a Seattle-based real estate investment firm, announced the acquisition of The Baxter, an 80-unit apartment community in downtown Bellevue. The acquisition reflects Keelbase’s strategy of targeting fundamentally strong, well-located real estate where capital market dislocations have created attractive investment opportunities. The transaction was capitalized with a group of prominent private investors and family...

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NYC Multifamily Sales Rise YTD Despite Sharp Pullback in Q3

New York & Tri-State + Apartment Buildings

New York City multifamily sales totaled $6.99 billion across 1,044 transactions in the first three quarters of 2026, representing increases of 7.9% and 11.5%, respectively, Ariel Property Advisors reported. Dollar volume for Q3, though, fell 23.3% year-over-year to $1.84 billion, the lowest quarterly dollar volume since Q1 2024. The pullback was concentrated at the top...

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Boston Planning Board Okays Tax Breaks on Four Residential Projects

Boston & New England + Apartment Buildings

The Boston Planning & Development Agency board has approved tax breaks for four residential developments totaling 1,400 units, reported the Boston Business Journal. The proposals make official a proposal made last month by Mayor Michelle Wu’s administration, with a combined $31 million in tax breaks to two Allston developments and others in Brighton and Charlestown....

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Markham 873-Unit Development Site Sold Under Receivership

Canada + Apartment Buildings

A fully approved Markham development site slated for 873 rental units has changed hands after its owner was pushed into receivership with nearly $40M owing to its first mortgage lender. The 0.95-acre property at 7115 Yonge St. and 8-14 Grandview Ave., just north of Steeles Avenue, was owned by TerraBona 7115 Yonge and envisioned as...

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229-Unit Lawton Multifamily Community Trades Hands

Texas + Apartment Buildings

The Multifamily Group (TMG) announced the sale of Country Club View, a 229-unit multifamily community located in Lawton, Oklahoma. Originally constructed in 1966, the property is situated along West Gore Boulevard in the West Lawton submarket, adjacent to the Lawton Country Club. TMG’s Yonnic Land represented both the buyer and seller in the transaction. TMG’s...

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Canadian Housing Recovery Stalls As Sales Fall 2.3% In September

Canada + Apartment Buildings

Canada’s tentative housing recovery stumbled into fall, with September home sales dropping 2.3% from August and the Canadian Real Estate Association sharply cutting its outlook for the rest of the year. Actual sales were 7.7% below September 2025, while the national MLS Home Price Index slipped 0.4% from August and 3.4% year over year. The...

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Quartier Molson Breaks Ground On $190M-Plus First Phase

Canada + Apartment Buildings

Construction has begun on the first $190M-plus phase of Quartier Molson, moving one of Montreal’s largest waterfront redevelopment projects from planning into the ground. Montoni and Fonds immobilier de solidarité FTQ broke ground this week on the former Molson brewery site at 1555 Notre-Dame St. E., where the first residential building will deliver 383 rental...

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Alliance Building 10th Charlotte Rental Community

Atlanta & Southeast + Apartment Buildings

Alliance Residential Co. will break ground before the end of this year on Broadstone Enderly Park, a 336-unit community at 1306 Berryhill Road. It will be the company’s 10th apartment project in the Charlotte metro area. The Charlotte Business Journal reports that Alliance acquired the 3.39-acre site from Beacon Partners and Browder Brown for $13.5...

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