NEWARK, OH – Vista Residential Partners, a national multifamily development firm, has broken ground on 15.6 acres on the corner of Northeast corner of West Main Street and Thornwood Drive in Newark, OH, for the development of Trailhead Vista, a 308-unit apartment community.
Trailhead Vista benefits from its proximity to multiple significant employment hubs. Intel’s 1,000-acre site (less than 20 minutes from Trailhead Vista) is currently under construction on a $20 billion chip fabrication plant which is projected to create 3,000 full-time Intel jobs and 7,000 construction-related jobs over the course of its build-out (initial phase scheduled completion: 2028). Additionally, Trailhead Vista is located along the Thornwood Corridor Employment Hub (“TCEH”). TCEH is comprised of five industrial parks which total over 1,600 acres (with an additional 500 acres available for industrial development), 10 million SF of existing industrial space, and over 8,500 employees.
“We are incredibly excited to start construction on this landmark development in Newark,” says Lee Novak, Chief Development Officer for Vista Residential Partners. “We’re excited to deliver the first institutional-quality development in Licking County to service the pent-up demand for high-quality apartment living.”
The community will offer a mix of one- and two-bedroom apartment homes averaging approximately 862 square feet. Designed by Columbus-based architect ArchAll, the garden-style apartments will feature an elevated living experience not currently offered in the submarket: stainless steel appliances, 9-foot ceilings, granite countertops, tile backsplashes, vinyl plank flooring, and in-unit washers and dryers. Trailhead Vista will also feature an expansive clubhouse, resort-style swimming pool, fitness center, a large central green area and a pet park. Trailhead Vista will also offer access to the TJ Evans Trail, a 14.2-mile trail connecting Newark and Johnstown.
“Alongside our institutional capital partners, Vista is excited to deliver this high-quality development in Newark, OH,” says Scott Hartley, Chief Investment Officer at Vista Residential Partners. “Trailhead Vista’s finish-quality and amenity-set will set a new standard for living in the area.”

LOS ANGELES, CA – The Richman Group of California, an innovator in multifamily development, and Richman Property Services, a national leader in multifamily management, in partnership with Brilliant Corners, a leading supportive housing developer and services provider in California, celebrated the grand opening of Las Palmas Apartments, a new supportive housing community in the Wilmington neighborhood of Los Angeles. The development is financed in part by HHH Challenge funds from the Los Angeles Housing Department and California Department of Housing and Community Development No Place Like Home funding, administered by the Los Angeles County Development Authority (LACDA) and the Los Angeles County Department of Mental Health.
Designed by award-winning architecture firm KFA, Las Palmas Apartments successfully reuses unique architectural features of the original structure — a vacant single-story grocery store — and blends them with a new four-story residential wing. The 54-unit adaptive reuse project will provide 53 units of permanent supportive housing for people who have experienced homelessness, as well as an onsite manager’s unit.
The grand opening featured a proclamation from Los Angeles County Fourth District Supervisor, Janice Hahn, who represents the Wilmington neighborhood, remarks from Carrie Esparza, Mental Health Program Manager IV for the Los Angeles County Department of Mental Health, and the presentation of a certificate by Lynn Katano, Director of the Housing Investment and Finance Division for the Los Angeles County Development Authority (LACDA). The event also provided an opportunity for attendees to tour the site and write welcome cards for new residents.
“The development of Las Palmas was an intensive, collaborative effort, and we’re so proud of the work from our team, our development partners, and municipal leaders to see this essential community to the finish line,” said Rick Westberg, Executive Vice President at The Richman Group – co-developer, co-owners and on-site property manager for Las Palmas. “The redevelopment of this site required the cooperation and support of numerous organizations, city departments and offices, but the results speak for themselves and represent an important step toward addressing the local affordable and supportive housing need.”
Las Palmas is the first development partnership between The Richman Group and Brilliant Corners.
“The opening of Las Palmas Apartments marks a significant milestone for Brilliant Corners, representing our first multifamily permanent supportive housing development in LA County,” said William F. Pickel, Chief Executive Officer at Brilliant Corners. “Through adaptive reuse projects like Las Palmas, we are utilizing the existing built environment to provide much-needed housing and supportive services to our new residents. We are immensely grateful to our partners and everyone who made this project possible.”
Located at 1355 N. Avalon Blvd., Las Palmas features fully furnished homes with a mix of 37 studio apartments, 16 one-bedroom homes and a two-bedroom manager’s unit. The property includes a central open-air courtyard, community room, bike storage room, laundry facility and resident services rooms. All utilities are included. Residents will receive onsite case management services from Brilliant Corners.
“For dozens of people who have reached the end of their ropes and find themselves living on our streets, this place is going to be that lifeline they so desperately need,” said Los Angeles County Fourth District Supervisor, Janice Hahn. “These 53 beautiful apartments and the welcoming environment that I know everyone here will provide is a far cry from where these residents are coming from. Here they’ll know they’re safe and, most importantly, cared about.”
Connectivity is uncompromised at Las Palmas. The location also puts residents in close proximity to LA DASH bus routes and other public transit options for easy access to downtown LA and the metro region.
“The LACDA is honored to be part of the team that contributed to the creation of 53 fully furnished housing units for individuals who have experienced homelessness,” said Emilio Salas, LACDA Executive Director. “Once a vacant, single-story grocery store, Las Palmas Apartments now offers beautiful housing with access to transportation to help its residents manage their everyday needs.”
“The Los Angeles County Department of Mental Health is dedicated to supporting every person’s journey of recovery and wellbeing,” said Dr. Lisa H. Wong, Director of the Los Angeles County Department of Mental Health (LACDMH). “Our investment in Las Palmas demonstrates our commitment to ensuring each individual in our care has a place they can call their own, and a community to call home while they start new chapters of their lives with renewed hope and support.”

FRESNO, TX – Ascendant Development, a luxury apartment and student housing developer, investor, and general contractor, announced the completion of Preserve at Hwy 6, a new build-to-rent (BTR) community located at 11923 Hwy 6 in Fresno, TX, near Missouri City.
“Preserve at Hwy 6 showcases Ascendant’s strategy of delivering luxury living tailored to the specific needs of the submarkets we serve,” said David Kulkarni, principal of Ascendant Development. “This development offers a single-family home experience with close proximity to premier retail and dining in Sienna Plantation and Missouri City, plus a convenient commute to the Texas Medical Center.”
The Preserve at Hwy 6 community consists of 320 one-story, detached single-family homes, designed by EDI International. Homes range from 668 to 1,255 square feet and include luxury vinyl plank flooring, energy-efficient LED lighting, granite countertops, kitchen backsplashes, undermount sinks, and stainless-steel appliances.
Community amenities feature property-wide Wi-Fi, a gourmet kitchen, detached garages, an indoor/outdoor fitness center with a yoga/spin room, a game room, a clubroom, an immersive lobby, a central park, pickleball courts, and a resort-style saltwater pool.

BERKELEY, CA – Canyon Partners Real Estate, The Martin Group, and Valiance Capital announced the formation of a joint venture to develop a new Class-A student housing community near the University of California at Berkeley campus, with construction scheduled to begin immediately and completion anticipated prior to the start of the 2026-2027 academic year. The joint venture simultaneously closed on a senior construction loan from Kennedy Wilson.
The Valiant will be an eight-story, purpose-built student housing community with 83 apartment units, 262 beds, and 1,461 square feet of retail space, designed to be amongst the best in its class within the Berkeley market. The Project is optimally located on Durant Avenue between Telegraph Avenue and Bowditch Street, one block from the main entrance to UC Berkeley’s campus. It will feature numerous curated amenities including a spacious common area study lobby, fitness center, a rooftop deck lounge with panoramic views, various gathering spaces, private study lounges, high-speed Wi-Fi, and secured bike stations.
“With its prime location, sustainable design, and experienced development team, we’re pleased to announce this exciting project in partnership with Valiance Capital and look forward to partnering with Canyon and the team at Kennedy Wilson on another student housing project,” said Stephen Siri at The Martin Group. “The Valiant will provide UC Berkeley students with much-needed housing in time for the 2026 school year, and it is well-positioned to contribute to the economic growth of local retail and dining businesses alike.”
Located in the heart of the highly desirable Southside neighborhood of Berkeley, The Valiant is walking distance to a number of local restaurants, bars, and neighborhood amenities popular among the UC Berkeley student body. The Project is also located within a 15-minute walk to the Downtown Berkeley BART station, providing connectivity to other key nodes throughout the Bay Area.
“With 15 years of local market expertise as one of the largest owner operators in the Berkeley student submarket, we are excited to build The Valiant to be the ideal student housing option in a highly specialized and high-barriers-to-entry market,” said Nhan Nguyen Leat Valiance Capital. “In partnering with a best-in-class institutional team between The Martin Group, Canyon, and Kennedy Wilson, we look forward to delivering a premier private student housing development to serve the UC Berkeley community.”
Canyon has been an active provider of debt and equity in California and continues to invest in real estate projects in primary and secondary markets across the United States. Since its inception, Canyon has invested $2.9 billion in debt and equity to capitalize $6.9 billion of total projects across all asset types in the state of California.

VENICE, FL – National multifamily developer Wood Partners expands its presence in Florida with Altera Jacaranda, bringing the only attainable, new construction development to Venice. The multifamily apartment complex will break ground next month and is expected to deliver to the community in the second quarter of 2026.
Altera Jacaranda is a 280-unit garden-style apartment community with five, four-story buildings featuring a mix of one-, two- and three-bedroom layouts. With proximity to large employment centers, top-tier medical facilities and world-famous beaches, Altera Jacaranda is strategically placed along I-75 and sits just six minutes from Venice Beach. Wood Partners is also working with local officials to improve the three-way intersection of Commerce Drive and Jacaranda Boulevard to a four-way intersection to assist with traffic flow.
“Altera Jacaranda’s prime location enhances the community by providing attainable living options right where residents need them most,” said Tyler Hurd, managing director at Wood Partners. “Our new development fosters economic growth and introduces a first-of-its-kind concept in the area. As one of the fastest growing areas in the country, we are committed to meeting the demand for attainable housing with quality multifamily solutions.”
Featuring Class-A amenities, Altera Jacaranda incorporates a cost-effective design targeting renters seeking new construction at a more attainable price. Residents can expect a resort-style pool with a tanning ledge, a sundeck with shade sail, grill areas, a package room, a fitness center, a resident clubhouse featuring a pool table and shuffleboard, coworking spaces, day offices, a hospitality kitchen and a dog park with an outdoor pet wash.
Wood Partners first brought its attainable Altera brand to Tampa, Florida earlier this year with Altera Land O’ Lakes. Wood Partners also broke ground in June on V by Alta, a luxury apartment community in Orlando. The 219-unit multifamily complex is Wood Partners’ fifth in the submarket and is set to be delivered in the first quarter of 2026. Additionally in June, Wood Partners broke ground on its third community in Longwood, Florida with Alta Trilogy.

AVENTURA, FL – Cardone Capital, led by industry titan Grant Cardone, closed an all-cash deal on The Edge at Flagler Village.The Class A, luxury 331-unit multifamily property in the heart of Downtown Fort Lauderdale was acquired through the firm s latest investment vehicle, Cardone Equity Fund 25.
The firm has assembled a portfolio of 2,000+ Class A multifamily units in the Downtown Fort Lauderdale submarket, bringing the company s total unit count to 14,000 apartments throughout the Sunbelt.
Grant Cardone, CEO of Cardone Capital, commented on the acquisition: “This acquisition presents a tremendous opportunity for our investors. We’ve secured a premium asset with immediate cash flow at a compelling price. With the Fed s recent rate cut, we expect to enjoy significant capital appreciation on this investment.”
The acquisition highlights Cardone Capital’s ability to move quickly and decisively on opportunistic deals, even as high interest rates pushed many institutional investors to the sidelines. Cardone Capital has been one of the most active multifamily buyers in 2024, closing on $500 million in all-cash acquisitions year-to-date.
“We ve been thriving through this market cycle,” Ryan Tseko, Executive Vice President at Cardone Capital, noted. “Our all-cash strategy allows our investors to capitalize on once-in-a-generation buying opportunities. The Edge acquisition is a prime example of this, and we’re excited to share it with our investors.”

CHARLOTTE, NC – Vista Residential Partners, a national multifamily development firm, has broken ground on 14 acres at 8011 Krefeld Drive Charlotte, NC, for the development of McAlpine Vista, a 320-unit apartment community.
Located in the submarket of Matthews, NC, McAlpine Vista will be comprised of 4 and 5 story residential buildings and will have direct and private access to the 6-mile long McAlpine Creek Greenway.
McAlpine Vista is conveniently located 15 minutes from Uptown Charlotte and just under 5 miles from the 5.6MM square feet of office space located in Southpark. Additionally, 20 minutes from this site is Ballantyne which boasts an additional 4.5MM square feet of office space.
“We are thrilled to start construction on our second project in North Carolina,” says Alex Barroso, Managing Director and Partner for Vista Residential Partners. “McAlpine Vista is another testament to our dedication to establishing our portfolio across the Carolinas.”
The community will offer a mix of one-, two-, and three-bedroom apartment homes averaging almost 1,010 square feet. Designed by architect EDI International, the homes will feature stainless steel appliances, 9-foot ceilings, stone countertops, vinyl plank flooring, in-unit washers and dryers, and spacious balconies. McAlpine Vista will also feature a luxury clubhouse, resort-style swimming pool, fitness center, and 24/7 package concierge. Most unique about McAlpine Vista is the direct and private access to the McAlpine Creek Greenway which extends 6 miles throughout Charlotte.
“Alongside our institutional capital partners, Vista is excited to deliver this high-quality, development in Charlotte, NC,” says Scott Hartley, Chief Investment Officer at Vista Residential Partners. “McAlpine Vista’s differentiated amenity-set will set a new standard for living in the area.”

PITTSBURGH, PA – Greystar, a global leader in the investment, development, and management of real estate, including rental housing, logistics, and life sciences, announced the start of construction on Ophelia, its first apartment development in the city of Pittsburgh.
“Greystar is excited to make its entry into Pittsburgh in partnership with ECHO Realty,” George Hayward, Senior Director of Development at Greystar, said. “Together we are transforming a legacy retail strip center into a unique mixed-use project, signifying the dramatic evolution of the East Liberty and Shadyside neighborhoods. We expect this to be the first of many Greystar development projects in the city.”
The new apartment community will have 231 apartment homes for rent with 35 units dedicated to the city’s affordable housing program. ECHO Realty’s retail portion, The Meridian, will have 44,000 sq. ft. of restaurant and retail space that includes Shake Shack and Barnes and Noble as well as a 36,000 sq. ft. Market District grocery store, which will combine with Greystar’s apartment community to create a best-in-class mixed-use development.
“We are happy to partner with Greystar to bring this project to the neighborhood,” Philip Bishop, Senior Vice President at ECHO Realty, said. “We look forward to bringing back a brand new grocery store, along with other necessity-based retailers, to meet the needs of the community. We are excited to see Greystar’s vision for Ophelia come to life on the site. The new apartment community will provide a new, quality option for Pittsburgh renters.”
Ophelia will have studio, one-, and two-bedroom layouts with high-end finishes and amenities. The interior design will be a nod to the Shadyside neighborhood’s Victorian architecture with a modern take on gilded-age aesthetics. Amenities will include a fitness center with outdoor workout area, co-working space, billiards and bar area in the club room, pool, grilling and lawn area.
The Meridian project is in a prominent location at the intersection of Penn Ave. and Shady Ave. The site is close to Bakery Square, which is home to Google and other tech and life science-oriented offices as well as retail including Trader Joe’s, Target and restaurants along Penn Ave. and Walnut Street. The new East Liberty Bus Rapid Transit station is across the street, providing easy access to downtown and Oakland.
“Pittsburgh has a lot to offer with several of the country’s best universities—Pitt, Carnegie Mellon and Duquesne—and significant growth in the tech industry,” Hayward said. “There is a demand for class A for-rent housing, yet supply has lagged. We are excited to help meet that demand.”

LEANDER, TX – Tricon Residential, a Blackstone Real Estate portfolio company, along with its residents, partners and local leaders, celebrated the grand opening of two new built-to-rent communities in Texas: Tricon Bryson in Leander and Tricon Willow Creek in Tomball. Developed in partnership with HHS Residential, a division of Plano-based Highland Homes, these communities will expand housing supply in the Austin and Houston metropolitan areas by adding 303 new, high-quality single-family rental homes.
The homes offer thoughtfully designed floor plans featuring three and four bedrooms, attached two-car garages, fully fenced backyards and sought-after community amenities, with the benefit of Tricon s industry-leading on-site maintenance and professional property management.
Tricon is proud to add much-needed housing supply to the Austin and Houston areas, developing new single-family home communities in the neighborhoods where people most want to live, said Andy Carmody, Senior Managing Director and Head of Sustainability at Tricon Residential. Tricon Bryson and Tricon Willow Creek will enhance the supply and diversity of high-quality homes, at prices well below the cost of owning, for families in communities with quality schools, easy access to employment centers and local amenities.
Tricon is on track to deliver 1,000 new build-to-rent homes in the U.S. in 2024 and has another 1,000 build-to-rent homes under development and scheduled to open in 2025.
About Tricon Bryson:

Tricon Bryson is a charming neighborhood of 155 single-family rental homes located at 440 Raglands Road, within the award-winning master-planned community of Bryson in Leander, just north of Austin.
The community features six thoughtfully designed floor plans with an open concept offering three- and four-bedroom options, state-of-the-art technology and outdoor amenities, including a resort-style pool, river splash pad, fire pit, playground, dog park, fishing pond and more.

Every home includes a gourmet kitchen, granite countertops, stainless steel appliances, a two-car garage, optional EV chargers and a fully fenced backyard.

The community is conveniently located near Austin Community College, major employers, shopping centers, outdoor recreation, the Leander CapMetro light rail station and more.

The project developer is Johnson Development, and the builder is HHS Residential.

About Tricon Willow Creek:

Located in the northern Houston suburb of Tomball at 9835 Willow Creek Commerce Dr, Tricon Willow Creek offers 148 single-family rental homes.

Tricon Willow Creek features four open-concept floor plans with three- and four-bedroom options. Every home includes a gourmet kitchen, granite countertops, stainless steel appliances, an attached two-car garage, a fully fenced backyard and smart home technology.

Exclusive community amenities, including a neighborhood playground, sports park, dog park, pool and BBQ area.

Tricon Willow Creek offers a number of pilot Department of Energy (DOE) Zero Energy Ready Homes ( net zero homes ). These high-performance homes are designed to utilize renewable energy sources to offset most or all the annual energy consumption.

The project developer and builder is HHS Residential.

All the homes in Tricon Bryson and Tricon Willow Creek are professionally managed by Tricon Residential, offering a virtually maintenance-free lifestyle supported by a caring on-site team. In addition, as part of Tricon s commitment to supporting its residents, Tricon Bryson and Tricon Willow Creek residents will also have access to Tricon Vantage, a suite of resources designed to help them realize their financial goals and enhance their financial well-being. These include credit building support, financial literacy programs, and individualized financial coaching services.
Rob Harper, Head of Blackstone Real Estate Asset Management Americas, said: Together with Tricon, we are building on our work as a quality housing provider. This week, we re excited to announce the opening of two new communities with over 300 homes in the Austin and Houston metropolitan areas. We re thrilled that Tricon is adding more options to the housing supply and working as a true partner with the communities we serve.”

COLORADO SPRINGS, CO – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced that it will develop Switch, a 276-unit Class A multifamily community, within Colorado Springs’ Polaris Pointe development. The company will begin construction this month with first resident move-ins targeted for fall 2025.
“Colorado Springs consistently ranks among the best places to live in the United States, and its economy produces extremely favorable fundamentals that outperform the national averages,” said Josh Purvis, managing partner for Thompson Thrift Residential. “We look forward to bringing another distinctive Thompson Thrift community to this vibrant metro area and providing residents with top-notch amenities and service.”
Located on approximately 11 acres at the intersection of two major thoroughfares, Voyager Parkway and North Gate Blvd., Switch offers excellent visibility and connectivity to I-25, allowing residents to reach top area employers within a few minutes, including the U.S. Air Force Academy, UCHealth Memorial Hospital North and Progressive Insurance. Residents can also reach greater Colorado Springs in 20 minutes and downtown Denver in only 40 minutes.
Switch will provide 276 apartment homes in one-, two- and three-bedroom configurations. Apartment homes will average 1,000 square feet and feature a host of premium amenities including stainless-steel appliances, glass-top ranges, hardwood-style flooring, a walk-in shower, multiple smart home capabilities and full-sized washers and dryers. Additionally, select units will offer premium appliances, cabinetry with soft-close doors, a deluxe closet system with shelving and garage options.
Signature community amenities will include a fully equipped 24-hour fitness center, resort-style heated swimming pool, electric firepits, a billiards and shuffleboard area, bike storage and workshop, a dog park and pet spa, and a Starbucks™ coffee bar. Residents may also utilize the residence conference room with video conference technology, the outdoor entertainment kitchen, and community-wide wi-fi. An on-site service team and a user-friendly mobile app will also be available.
Switch is strategically located within Colorado Springs’ Polaris Pointe development, a 60-business, 200-acre retail complex that also features the brand-new Ford Amphitheater, an 8,000-seat entertainment venue that includes a 45,000-square-foot, year-round restaurant and event center. Additional dining, entertainment and shopping options at Polaris Pointe include Sprouts, Bass Pro Shops, Chick-fil-A, Top Golf, indoor skydiving at iFly, trampoline and adventure park AirCity 360 and Overdrive Raceway.
U.S. News & World Report ranked Colorado Springs as the second most desirable place to live in the U.S. for 2023 through 2024 and the ninth best place to live out of the U.S.’ 150 most populous metro areas. Additionally, Colorado Springs ranks 15th out of 200 cities nationally on the Milken Institute’s 2024 Best-Performing Large Cities report, which indexes several metrics including job creation, wages and high-tech growth.
Multiple semiconductor manufacturers, aerospace and defense, and IT companies including Boecore, Meyer Burger, Entegris, Zivaro, Microchip Technologies, and others have announced plans to expand operations in the area. These expansions are expected to create more than 3,500 new jobs and have a multi-billion-dollar impact on the local economy.
The city has also made a significant investment in tourism and entertainment with its City for Champions projects, a collection of five new distinct venues including the U.S. Olympic & Paralympic Museum, Weidner Field, Ed Robson Arena, the William Hybl Sports Medicine & Performance Center and the Air Force Academy Gateway Visitor Center.