What happened, and who moved.
Kolter Group and BH Group have expanded their Miami Beach oceanfront assemblage through multiple acquisitions totaling approximately $60.2 million, including purchase of 10 condo units at Port Royale Condo for $3.8 million and commercial condos at Crystal Beach Suites Hotel for $14.4 million. The developers plan to replace the aging structures on the oceanfront block between 69th and 71st streets with a 37-unit luxury condo tower designed by Kobi Karp, featuring 947 square feet of ground-floor retail and 86 parking spots.
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…
Apollo Global Management provided $71 million in construction financing to a joint venture of Broad Street Development and TPG Angelo Gordon for 139 Franklin Street, a Tribeca luxury condominium conversion project expected to deliver up to 18 units with three- to five-bedroom homes and private outdoor space. The developers acquired the former self-storage facility site for $43.5 million in 2025 and are marketing the boutique residential offering to luxury buyers in Manhattan's sought-after Tribeca neighborhood.
LaSalle Investment Management closed a $163 million Fannie Mae-backed refinancing loan arranged by Newmark for an 833-unit multifamily portfolio consisting of three properties located in Washington, D.C., Northern Virginia, and Oregon. The transaction refinanced LaSalle's existing cross-collateralized Fannie Mae credit facility while enabling future collateral additions and providing long-term financing with conservative leverage and strong credit metrics.
Munich Re asset manager MEAG has strengthened its growing Irish real estate portfolio with the acquisition of the Seafield Strand apartment scheme in Sutton, North Dublin, for an undisclosed sum, marking its fourth investment in the capital in little...
Z-Wave powers more than 100 million devices worldwide, and its new long-range standard is expanding into commercial and multifamily buildings beyond mesh networking’s reach. The post How Z-Wave Is Expanding to Meet the Demands of Modern Buildings appeared first on Propmodo .
A locally based developer is moving to convert an aging San Mateo office parcel into 80 apartments, betting on a Peninsula rental market that analysts expect to tighten sharply through the rest of the decade. SM Flores, LLC has filed a formal planning application to demolish an existing office building at 2555…
FORT COLLINS, COLO. — Concord Summit Capital has arranged a $115.5 million construction loan for Collins at Union Park, an apartment community in northern Colorado. Daniel Eidson, Keegan Burger and Ben Applebaum of Concord Summit Capital secured the nonrecourse loan, which features an 88 percent loan-to-cost ratio,…
CHICAGO — CBRE has brokered the $6.3 million sale of a 28,150-square-foot redevelopment site in Chicago’s Wrigleyville submarket. A joint venture between SNS Realty Group and North Park Ventures acquired the property at 3233-47 N. Sheffield Ave. and subsequently secured a zoning change to B2-5, clearing the way for…
SAN CARLOS, CALIF. — SummerHill Apartment Communities has broken ground on 11 El Camino Real, a 251-unit multifamily community situated on 2.2 acres in San Carlos, located about 23 miles south of San Francisco. Completion is slated for 2028. SummerHill is a subsidiary of Marcus & Millichap and is based in Palo…
NEW YORK CITY — JLL has negotiated the sale of two multifamily development sites in the Crown Heights area of Brooklyn for a combined price of $25.1 million. The sites at 1029 Dean St. and 1104 Pacific St., which traded in separate off-market deals, have a combined buildable square footage of about 129,000 square…
HOUSTON — Dallas-based developer StreetLights Residential has completed The Langley, a 134-unit apartment building located near Rice University in Houston’s Museum District. The Langley is a 20-story building that houses two- and three-bedroom units that range in size from 2,165 to 3,396 square feet. Residences are…
DULUTH, GA. — Hanover Co. has acquired nearly eight acres in Duluth, a northeast suburb of Atlanta in Gwinnett County, for the development of Hanover Sugarloaf, a 305-unit multifamily community. The purchase price was $12.4 million. John Speros and JT Speros of Ackerman & Co., along with Kyle Gable of Gable Land…
Sundance Bay obtained financing totalling $95.7 million for a 626-unit two-property Texas portfolio. Cushman & Wakefield’s Texas Equity, Debt & Structured Finance (EDSF) arranged the financing, which consists of $76.2 million in senior debt provided by Benefit Street Partners and a $19.5 million mezzanine loan…
Dependable Equities, an affiliate of Sky Equity Group, secured $54 million in pre-construction financing from CDK, with Valley National Bank serving as a participating lender to advance a residential development south of the New River, near downtown Fort Lauderdale. The financing, arranged by Daryl Hagler and Allen…
Covenant Capital Group paid $41.5 million for Legacy Hill, a 206-unit multifamily community in Nashville. Multihousing News reports UDR sold the property after 31 years of ownership. Walker & Dunlop facilitated the transaction through a $29.4 million Freddie Mac loan. Legacy Hill occupies approximately 14 acres at…
Trevato Development Group obtained a $76.8 million construction loan to build a mixed-use development in Jacksonville. The four-year, floating-rate loan was provided by Ameris Bank. A JLL Capital Markets team led by Mark West secured the loan. The development, located at 1944 Beach Blvd. in Jacksonville Beach, will…
Centennial Yards Co. plans to build a 12-story building with approximately 280 apartments, 62,000 square feet of retail space and a 509-space parking garage. A CIM Group subsidiary is still ironing out last minute details before construction starts. A groundbreaking is tentatively scheduled for early 2027.…
Crestline Management and PACE Loan Group provided $58.7 million in construction financing for the Maranello Luxury Garages, an 80-unit luxury garage condominium project in Plano, Texas, with Crestline supplying $36.2 million in senior debt and PLG providing $22.5 million in C-PACE financing. The project is expected to reduce annual energy use by 28 percent and water use by 14 percent through sustainability improvements funded by the C-PACE component.
Black Equities, an investment firm, purchased Access Culver City, a 115-unit multifamily property with 31,000 square feet of ground-floor retail, for $106 million, with the deal priced at $704,000 per residential unit and $805 per square foot for retail. The acquisition is described as likely a record for Culver City and reflects the city's emergence as one of Southern California's hottest multifamily investment markets, driven by media and technology employers and pro-development housing policies.
Douglaston Realty sold 7 Cornelia Street, a five-story prewar West Village building containing 47 apartments and two ground-floor retail spaces, for $25 million, with the buyer masked behind a shell corporation and a $17.6 million mortgage from Woori America Bank. The property was originally acquired by Douglaston in 2013 for $24.6 million, and investor Hyun Jun An, who signed the mortgage documents, has been involved in recent acquisitions including 893 Broadway in the Flatiron District for $31 million and 16 East 18th Street for $16.3 million.
Class-C apartment operators in Chicago are buoyed by many of the tailwinds bolstering the city’s multifamily market as a whole: limited new supply, rising rent growth and recovering investor interest. But rising operating costs have squeezed margins...
The Federal Reserve is growing increasingly worried about inflation.
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…
Morningstar DBRS released quarterly Canadian Housing Market Indicators providing updated data on residential market conditions.
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…
KANSAS CITY, MO. — Milhaus will develop Linwood & Troost, a 194-unit affordable housing community in Kansas City. Construction is slated to begin at the end of 2026, with completion… The post Milhaus to Develop 194-Unit LIHTC Project in Kansas City appeared first on Multifamily & Affordable Housing Business .
WASHINGTON, D.C. — PCCP, a Los Angeles-based commercial real estate finance and investment management firm, has provided a $61.3 million refinancing loan to PGIM and Kennedy Wilson for Parc Riverside… The post PCCP Provides $61.3M Refinancing Loan for Parc Riverside East in D.C. appeared first on Multifamily &…
JACKSONVILLE, FLA. — American Landmark Apartments, a Tampa, Florida-based private equity-backed multifamily investment manager and owner-operator, has acquired two properties in Jacksonville. Mirador Apartments at River City and Stovall Apartments… The post American Landmark Apartments Buys Two Jacksonville…
The 30-year fixed-rate mortgage averaged 6.49% in June 2026, up 8 basis points from May and 44 basis points since late February, while the 15-year rate averaged 5.82%, driven by market pricing of potential Federal Reserve rate hikes due to persistent inflation and a resilient labor market. The 10-year Treasury yield averaged 4.48% in June but eased later in the month to around 4.44% following a preliminary U.S.-Iran agreement that temporarily reopened the Strait of Hormuz for commercial shipping.
NASHVILLE, TENN. — Forman Capital, a private direct lender, has provided a $49.4 million construction loan for Moda Vista, a 102-unit build-to-rent community at 3320 Curtis St. in the Bordeaux… The post Forman Capital Finances $49.4M BTR Project in Nashville appeared first on Multifamily & Affordable Housing…
IRVING, TEXAS — Berkadia has arranged a $124.7 million refinancing loan for Alesio Urban Center, a mixed-use community with 908 units and 55,499 square feet of commercial space in the… The post Berkadia Arranges $124.7M Refinancing for HGI’s Alesio Urban Center in Irving, Texas appeared first on Multifamily &…
Montagu Evans has appointed experienced development and living sector valuation... Read more The post Montagu Evans Appoints George Tsielepis as Partner in its Residential Valuation Team appeared first on Montagu Evans .
Market snapshot reporting that majority of rental buildings in Ottawa are currently offering tenant incentives, reflecting competitive conditions in the local multifamily sector.
Urbanation reports on rental vacancy rate trends in the Greater Toronto and Hamilton Area during the first quarter.
Toronto condo developers are facing significant market pressure, with some considering selling units below construction costs as the market reaches a cyclical low point.
Toronto's condo market reached a significant milestone with no new residential projects launching in the first quarter, according to Urbanation data.
Urbanation reports that standing condo inventory reached record levels in the first quarter, signaling market conditions for residential development.
Urbanation reports a significant decline in Canadian asking rents to $2,008, marking the largest annual drop in five years.
Urbanation reports on rental vacancy rate movements in Ottawa's residential market during Q4.
American Real Estate Partners and Harrison Street Asset Management completed CityHouse Old Town, described as the market's first office-to-residential conversion project.