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HOBOKEN, N.J. — JLL Capital Markets has arranged the sale of 1000 Jefferson, a 217-unit community in Hoboken. JLL represented Clarion Partners, the seller. Invesco Real Estate was the buyer.… The post Clarion Partners Sells 1000 Jefferson in Hoboken, New Jersey appeared first on Multifamily & Affordable Housing…

OVERLAND PARK, KAN. — Caisson Capital Partners has acquired Preston Court, a 181-unit community in Overland Park, for $23.4 million. Built in 1968, Preston Court features apartments averaging 1,034 square… The post Caisson Capital Partners Buys Preston Court from Price Brothers for $23.4M appeared first on…

GILBERT, ARIZ. — PCCP has provided a $51.8 million senior loan to a joint venture between Phoenix Capital Management and P.B. Bell for the refinancing of Everly at Morrison Ranch… The post PCCP Provides $51.8M Refinancing Loan for Everly at Morrison Ranch in Metro Phoenix appeared first on Multifamily & Affordable…

SAN ANTONIO — Locally based Lynd Management Group, the property management division of The Lynd Group, has been selected to manage Elevate at Huebner Grove in Northwest San Antonio. The… The post Viking Capital Taps Lynd to Manage Huebner Grove in San Antonio appeared first on Multifamily & Affordable Housing…

KISSIMMEE, FLA. — The NRP Group has secured financing and begun construction of Alora Lofts, an 88-unit affordable housing community in Kissimmee, 18 miles south of Orlando. Residences will be… The post The NRP Group Breaks Ground on Florida Affordable Development Alora Lofts appeared first on Multifamily &…

CASTRO VALLEY, CALIF. — Felson Cos. has sold a two-property, 135-unit portfolio in Castro Valley to Prime Residential for approximately $35.6 million. Jason Parr, Scott MacDonald and John Hansen of… The post Berkadia Arranges $35.6M Bay Area Trade appeared first on Multifamily & Affordable Housing Business .

PHOENIX — Crescent Communities has acquired land and begun construction of NOVEL Norterra, a four-story property on an 8.5-acre site in northern Phoenix. The 248-unit development is part of the… The post Crescent Communities Closes on Land for NOVEL Norterra in Northern Phoenix appeared first on Multifamily &…

NEW YORK CITY AND CHARLOTTE, N.C. — JLL has arranged $617 million in financing for Charlotte, North Carolina-based Grubb Properties, supporting the formation of a new real estate investment trust… The post JLL Arranges $617M in Financing for Grubb Properties appeared first on Multifamily & Affordable Housing Business .

DEERFIELD BEACH, FLA. — Morgan and Compatriot Capital have broken ground on Pearl on the River, a luxury waterfront community at 451 NE River Drive in Deerfield Beach. Situated along… The post Morgan Breaks Ground on Pearl on the River in Deerfield Beach, Florida appeared first on Multifamily & Affordable Housing…

AVON, CONN. — Chozick Realty has brokered the sale of Avon Woods, a 189-unit community in Avon, approximately 10 miles northwest of Hartford. The asset traded between two unnamed parties,… The post Chozick Brokers $42M Sale of Avon Woods in Metro Hartford, Connecticut appeared first on Multifamily & Affordable…

LOS ANGELES — San Francisco-based Prime Residential has acquired Palm Court Apartments in the Miracle Mile neighborhood of Los Angeles for approximately $51.3 million. The seller was a private investor.… The post Prime Residential Buys Palm Court in Los Angeles for $51.3M appeared first on Multifamily & Affordable…

CHICAGO — Tree Street Group, along with development partners Magellan Development Group and Mark Goodman & Associates, has closed on an undisclosed amount of construction financing obtained through Bank OZK,… The post Joint Venture Closes on Financing for Two-Tower Mixed-Income Development in Chicago appeared first…

ORLANDO, FLA. — Archway Partners, along with FK Architecture, has completed and opened The Enclave at Canopy Park, a 104-unit affordable housing community at 4440 Canopy Park Loop in Orlando.… The post Archway, FK Architecture Open The Enclave at Canopy Park in Orlando appeared first on Multifamily & Affordable…

ORLANDO, FLA. — Capstone Building Corp., a Birmingham, Alabama-based general contractor, has begun building The Gateway in Orlando. Hollywood, Florida-based JBL Development is the developer, and Baker Barrios is the… The post JBL, Capstone Building Corp. Break Ground on The Gateway in Orlando appeared first on…

FORT LAUDERDALE, FLA. — Dependable Equities has obtained a $54 million construction loan from CDK Capital to support the planning and pre-development of two luxury high-rise communities located at 101… The post Dependable Equities Obtains $54M for Two-Tower Project in Fort Lauderdale appeared first on Multifamily &…

MADISON, WIS. — Lincoln Avenue Communities and McShane Construction Co. are building Timberline Terrace, a 93-unit affordable housing community in Madison. The development is located at 4504 Verona Road on… The post McShane Construction, Lincoln Avenue Communities Underway on Affordable Housing Development in…

ROCHESTER, MINN. — Inland National Development Co. and Reuter Walton Development (RWD) have broken ground on Citiwalk Apartments, a 342-unit project in downtown Rochester across the street from the Mayo… The post Inland, RWD Break Ground on $139M Citiwalk Project in Rochester, Minnesota appeared first on…

PLANO, TEXAS — Newmark has arranged the sale of and financing for Hathaway at Willow Bend, a 229-unit community at 2525 Preston Road in Plano. Richard Furr, Brian O’Boyle Jr.,… The post Newmark Brokers Sale of Willow Bend in Plano, Texas appeared first on Multifamily & Affordable Housing Business .

LELAND, N.C. — Hathaway Cos. has sold Exchange at Westgate in Leland to Argyle Real Estate Capital for $58.7 million. JLL represented Hathaway in the transaction. The 312-unit property is… The post Hathaway Cos. Sells Exchange at Westgate in Eastern North Carolina for $58.7M appeared first on Multifamily &…

CARY, N.C. — Woodfield Development and equity partner Eagle Realty Group — a subsidiary of Cincinnati-based Western & Southern Financial Group — have broken ground on a 330-unit community at… The post Woodfield Development, Eagle Realty Group Break Ground on 330-Unit Project in Cary, North Carolina appeared first…

LOS ANGELES — Institutional Property Advisors (IPA) has arranged the sale of The Flat, a 205-unit property in the City West neighborhood of Los Angeles. Kevin Green, Joseph Grabiec and… The post IPA Brokers Sale of The Flat in Los Angeles appeared first on Multifamily & Affordable Housing Business .

DALLAS — Endeavor Real Estate Group, in partnership with Canyon Partners Real Estate, has secured an undisclosed amount of construction financing for Lucille, a 22-story, 265-unit luxury tower located in… The post Helaba Provides Construction Loan for Dallas High-Rise appeared first on Multifamily & Affordable…

BUENA PARK, CALIF. — The Bascom Group has acquired Castlewood Park Apartments in Buena Park for $53.2 million. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk and Jake Vitta of IPA arranged… The post The Bascom Group Buys Castlewood Park in Buena Park, California, for $53.2M appeared first on Multifamily &…

DENVER — Jason Hornik and Greg Parker with Marcus & Millichap’s Denver office have brokered the sale of The Jewell at 4470 E. Jewell Ave. in Denver. A New York-based… The post Marcus & Millichap Brokers Sale of The Jewell in Denver appeared first on Multifamily & Affordable Housing Business .
ROCHESTER, MINN. — Inland National Development Co. and Reuter Walton Development (RWD) have broken ground on Citiwalk Apartments, a 342-unit project in downtown Rochester across the street from the Mayo… The post Inland, RWD Break Ground on $139M Project in Rochester, Minnesota appeared first on Multifamily &…

FORT WORTH, TEXAS — Affinius Capital has provided a loan to Greystar for the refinancing of Marlowe Wellington, a three-story property consisting of 594 units in Fort Worth. Walker Layne… The post Affinius Capital Provides Refinancing Loan for Marlowe Wellington in Fort Worth, Texas appeared first on Multifamily &…

ATLANTA — ECI Group, an Atlanta-based development, management and investment firm, has hired Thomas Rowe as chief financial officer (CFO). He replaces Ben Engel, who held the position for the… The post ECI Group Hires Thomas Rowe as CFO appeared first on Multifamily & Affordable Housing Business .

STOCKBRIDGE, GA. — NexMetro has opened the first units at Avilla Holloway, a 136-unit build-to-rent property on 14 acres in the Atlanta suburb of Stockbridge. The gated neighborhood features single-level,… The post NexMetro Opens Avilla Holloway in Stockbridge, Georgia appeared first on Multifamily & Affordable…

CHICAGO — JLL has arranged a $275 million loan and $57 million in mezzanine financing for NEMA Chicago, a 76-story luxury tower at 1210 South Indiana Ave. in Chicago. The… The post JLL Arranges $332M for Chicago Luxury Tower Refinancing appeared first on Multifamily & Affordable Housing Business .

For people who live in, own or manage affordable housing, energy efficiency can offer significant benefits beyond energy savings. Research from the U.S. Dept. of Energy (DOE) shows that owners… The post Five Benefits Of Energy Upgrades in Affordable Housing appeared first on Multifamily & Affordable Housing…

LAWRENCE, KAN. — Merchants Capital has secured a $10.8 million Freddie Mac loan for Floret Hill, a 121-unit affordable housing development in Lawrence. The developer, Gardner, Kansas-based Wheatland Investments Group,… The post Wheatland Investments Group Obtains $10.8M Loan for Affordable Housing Development in…

HOUSTON — Asset Living has appointed Marti Burrows to chief operating officer to oversee operations across Asset Living’s national portfolio. Asset is ranked second on The National Multifamily Housing Council’s… The post Marti Burrows Appointed COO of Asset Living appeared first on Multifamily & Affordable Housing…

NEW YORK CITY — Apex Building Group and L+M Development Partners have obtained approximately $217 million in financing for the third phase of the Alafia project, an affordable housing community… The post Apex, L+M Obtain $217M to Finance Phase II of Alafia in Brooklyn appeared first on Multifamily & Affordable…

MANASSAS, VA. — Bridge Investment Group has acquired Masons Keepe, a 270-unit property in Manassas for an undisclosed sum. Brian Crivella, Bill Gribbin, Yalda Ghamarian and Jack Canepa of Berkadia… The post Berkadia Arranges Sale, Financing for Masons Keepe in Manassas, Virginia appeared first on Multifamily &…

ORLANDO, FLA. — Boston-based Taurus Investment Holdings has obtained an $85.4 million loan to refinance two Orlando-area assets, The Summit at Metrowest and The Legends at ChampionsGate. Matt Robbins, Mitch… The post Berkadia Arranges $85.4M Refinancing Loan for Two Orlando Properties appeared first on Multifamily…

LAWRENCE, MASS. — Northmarq has arranged a Fannie Mae loan for approximately $22.9 million for Arrowpoint Properties’ acquisition of Elora Flats & Townhomes in Lawrence, 30 miles north of Boston. Northmarq’s… The post Northmarq Arranges $22.9M for Affordable Housing Acquisition in Lawrence, Massachusetts appeared…

STAMFORD, CONN. — Urby, a joint venture between Ironstate Development and Brookfield Properties, has sold Stamford Urby to Pantzer for $221 million. CBRE’s Jeffrey Dunne, Eric Apfel, Stuart MacKenzie, Travis… The post CBRE Arranges $221M Sale of Stamford Urby appeared first on Multifamily & Affordable Housing…

HOLLYWOOD, FLA. — Starlife Group has launched pre-leasing at 21 Hollywood, a 200-unit luxury community in Hollywood, Florida. The 14-story mixed-use tower at 2100 N. Federal Highway includes 10,000 square… The post Leasing Begins at 21 Hollywood in South Florida appeared first on Multifamily & Affordable Housing…

The affordable housing industry has spent years asking Congress for a federal response to the nation’s housing shortage. With the 21st Century ROAD to Housing Act having officially become law… The post ROAD to Housing Act Clears Path for Affordable Housing Development appeared first on Multifamily & Affordable…

DALLAS — Crow Holdings has obtained a $380.2 million refinancing loan for a five-property portfolio totaling 1,549 units in Texas, Colorado and Virginia. Each was developed by Trammell Crow Residential… The post CBRE Arranges $380.2M Refinancing Loan for Crow Holdings appeared first on Multifamily & Affordable…

MADISON, WIS. — Priority Capital Advisory has arranged an $11.5 million loan for the refinancing of Vivo Madison, a 153-unit property at 517 Grand Canyon Drive in Madison. The borrower… The post Priority Capital Advisory Arranges $11.5M Refinancing of Former Hotel in Madison, Wisconsin appeared first on Multifamily…

FORT COLLINS, COLO. — Concord Summit Capital has arranged a $115.5 million construction loan for Collins at Union Park, a 457-unit community in Fort Collins. The borrower/developer is Livmark Communities,… The post Concord Summit Capital Arranges $115.5M Construction Loan for Colorado Development appeared first on…

NASHVILLE, TENN. — American Landmark Apartments has acquired Hamptons at Woodland Pointe, a 240-unit community in Nashville, which will be rebranded as Woodland Pointe Residences. Built in 2001, the property is… The post American Landmark Apartments Acquires Hamptons at Woodland Pointe in Nashville appeared first…

KISSIMMEE, FLA. — Hedrick Brothers Development has obtained a $56.5 million construction loan for The Hedrick at Lake Toho, a 366-unit community along Toho Grande Boulevard in Kissimmee. Construction has… The post Hedrick Brothers Obtains $56.5M Loan, Breaks Ground on 366-Unit Project in Kissimmee, Florida appeared…

HOLLY HILL, FLA. — Marcus & Millichap has arranged the sale of Regents Park, a 32-unit property in Holly Hill, 3 miles north of Daytona Beach. The asset sold for $4.6… The post Marcus & Millichap Arranges $4.6M Sale of Regents Park in Holly Hill, Florida appeared first on Multifamily & Affordable Housing Business .

BETHESDA, MD. — PCCP has provided an $80 million refinancing loan to Foulger-Pratt for The Rae, a 343-unit property at 10401 Motor City Drive in Bethesda. The Potomac, Maryland-based investment… The post PCCP Provides $80M Refinancing for Foulger-Pratt’s The Rae in Bethesda, Maryland appeared first on Multifamily &…

SAN CARLOS, CALIF. — SummerHill Apartment Communities, with architect KTGY, has broken ground 11 El Camino Real, situated on 2.2 acres in San Carlos, 23 miles south of San Francisco.… The post SummerHill, KTGY Break Ground on 11 El Camino Real in San Carlos, California appeared first on Multifamily & Affordable…

CHARLESTON, S.C. — Woodfield Development has acquired a portion of the 31-acre Ashley Landing redevelopment site for the construction of Westbourne Ashley Landing. The 285-unit community will serve as the multifamily… The post Woodfield Development Breaks Ground on Westbourne Ashley Landing in Charleston appeared…

SAN ANTONIO — CBRE has arranged a refinancing loan on behalf of Cambridge Development Group, the Houston-based owner of Citadel Urban in San Antonio. The 181-unit community is located in… The post Cambridge Development Group Refinances Citadel Urban in San Antonio appeared first on Multifamily & Affordable Housing…

ARLINGTON, VA. — GoodHomes Communities has acquired Arlington Court Suites in Alexandria for $35 million and plans to convert the 187-unit hotel into a 180-unit multifamily community. The KLNB multifamily… The post GoodHomes Acquires Metro D.C. Hotel, Plans Multifamily Conversion appeared first on Multifamily &…

PFLUGERVILLE, TEXAS — Haven Housing has acquired Wells Park Apartments, a 264-unit garden-style community in the Austin suburb of Pflugerville. The seller and sales price were not disclosed. Haven Housing… The post Haven Housing Acquires Wells Park in Greater Austin Area appeared first on Multifamily & Affordable…

SEATTLE — CBRE has arranged the sale of The Q, an 87-unit community at 1321 Queen Anne Ave. N. in Seattle’s Queen Anne neighborhood. Kite Partners bought the asset from… The post Kite Partners Buys The Q in Seattle for $24.1M appeared first on Multifamily & Affordable Housing Business .

PEMBROKE PINES, FLA. — Chicago-based Waterton has acquired The Landings at Pembroke Lakes, a 358-unit property in Pembroke Pines, 20 miles southwest of Fort Lauderdale. The South Florida Business Journal… The post Waterton Buys Landings at Pembroke Lakes in South Florida for $80.5M appeared first on Multifamily &…

SEATTLE — Goodman Real Estate has sold two metro Seattle properties for a combined total of $172 million. CBRE’s Eli Hanacek, Kyle Yamamoto and Natalie Kasper represented the Seattle-based seller… The post Goodman Real Estate Sells Two Metro Seattle Assets for $172M appeared first on Multifamily & Affordable…

JACKSONVILLE BEACH, FLA. — Locally based Trevato Development Group has broken ground on a $120 million mixed-use development at the former Adventure Landing site in Jacksonville Beach. Adventure Landing was… The post Trevato Breaks Ground on $120M Mixed-Use Development in Jacksonville Beach appeared first on…

ARLINGTON, VA. — Gilbane Development has begun construction of Renley, an office-to-residential conversion at 3601 Wilson Blvd. in Arlington’s Virginia Square neighborhood. Gilbane acquired the building, developed in 2000, in March… The post Gilbane Starts Construction of Office-to-Residential Project in Metro D.C.…

KNOXVILLE, TENN. — ARK Homes for Rent has begun pre-leasing at The Reserve at Three Ridges in Northeast Knoxville. The 126-unit community is comprised of two-story townhomes in three- and… The post ARK Homes for Rent Begins Pre-Leasing at Knoxville BTR Project appeared first on Multifamily & Affordable Housing…

NEW YORK CITY — JLL has arranged a $44.5 million refinancing loan for locally based Benchmark Realty Group’s 61-unit property at 194 East 2nd St. in Manhattan’s East Village. Citi… The post JLL Arranges $44.5M ReFi Following Benchmark’s East Village Renovation appeared first on Multifamily & Affordable Housing…

IRVINE, CALIF. — C&C Development, a Tustin, California-based affordable housing developer, has completed and opened Cartwright Family Apartments in the Irvine Business Complex. The 4 percent LIHTC project, which is… The post C&C Opens Affordable Housing Development in Irvine, California appeared first on…
LOS ANGELES — Kennedy Wilson and Jamison have partnered to develop 4,000 affordable housing units across Los Angeles through adaptive reuse and ground-up construction. Specifically, the partnership is comprised of… The post Kennedy Wilson, Jamison Team Up to Develop 4,000 Units of Affordable Housing in Los Angeles…