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News
Northmarq Arranges $23.5M Northern California Sale - Multifamily & Affordable Housing Business
6+ day, 17+ hour ago (127+ words) Northmarq Arranges $23.5M Northern California Sale Multifamily & Affordable Housing Business Northmarq Arranges $23.5M Northern California Sale UKIAH, CALIF. — Northmarq has brokered the $23.5 million sale of a two-property portfolio in Ukiah, 115 miles north of San Francisco. The properties are Sierra Sunset Village (68 units)…...
MidPen Housing and Partners Complete Jessie Street Terrace in Santa Cruz, California - Multifamily & Affordable Housing Business
6+ day, 18+ hour ago (143+ words) MidPen Housing and Partners Complete Jessie Street Terrace in Santa Cruz, California Multifamily & Affordable Housing Business MidPen Housing and Partners Complete Jessie Street Terrace in Santa Cruz, California SANTA CRUZ, CALIF. — MidPen Housing has completed and opened Jessie Street Terrace,…...
Knightvest Capital Buys Three-Property Portfolio in Northwest Austin
1+ week, 1+ day ago (155+ words) Multifamily & Affordable Housing Business Knightvest Capital Buys Three-Property Portfolio in Northwest Austin AUSTIN, TEXAS — San Antonio-based Lynd has sold a three-property portfolio in Northwest Austin to Dallas-based Knightvest Capital for an undisclosed sum. Newmark’s Patton Jones and Andrew Dickson represented…...
Namdar Group Secures $390M for Jersey City Tower
1+ week, 1+ day ago (194+ words) Multifamily & Affordable Housing Business Namdar Group Secures $390M for Jersey City Tower JERSEY CITY, N.J. — New York City-based developer Namdar Group has secured $390 million in financing for Park Tower, a 1,049-unit, transit-oriented, mixed-income development in Jersey City’s Journal Square neighborhood. A start…...
CEDARst Cos. Secures $80M Construction Loan for The Samuel in San Diego
1+ week, 5+ day ago (136+ words) Multifamily & Affordable Housing Business CEDARst Cos. Secures $80M Construction Loan for The Samuel in San Diego SAN DIEGO — Chicago-based CEDARst Cos. has obtained an $80 million construction loan to develop The Samuel, a 197-unit community in San Diego’s North Park neighborhood. JLL’s…...
Portman Completes, Begins Leasing Meadow Glen Village in Metro Atlanta
2+ week, 2+ day ago (118+ words) Multifamily & Affordable Housing Business Portman Completes, Begins Leasing Meadow Glen Village in Metro Atlanta FAIRBURN, GA. — Portman has completed and opened Meadow Glen Village, a 332-unit development in the Atlanta suburb of Fairburn. The community is comprised of one- and…...
Joint Venture Secures $277M Construction Loan for 69-Story Project in Jersey City
1+ week, 5+ day ago (168+ words) Multifamily & Affordable Housing Business Joint Venture Secures $277M Construction Loan for 69-Story Project in Jersey City JERSEY CITY, N.J. — Newmark has arranged a $277 million construction loan for Urby and Rockpoint, the developers behind 201 Hudson — by Urby, a 748-unit project planned in the Paulus…...
Woodfield Plans 320-Unit Community Within Atlanta Redevelopment Project
2+ week, 1+ day ago (204+ words) Multifamily & Affordable Housing Business Woodfield Plans 320-Unit Community Within Atlanta Redevelopment Project BROOKHAVEN, GA. — Woodfield Development has unveiled plans for a 320-unit community within Ashford Green, a mixed-used office campus in the inner Atlanta suburb of Brookhaven. In the second…...
Freestone Capital Acquires 106-Unit Seattle Asset for $32.2M
2+ week, 3+ day ago (139+ words) Multifamily & Affordable Housing Business Freestone Capital Acquires 106-Unit Seattle Asset for $32.2M SEATTLE — PrivatePortfolio Group has sold Aperture on Fifth, a 106-unit community in the Denny Triangle neighborhood of Seattle, to Freestone Capital for $32.2 million. Both parties are based in Seattle....
The Public ROI Test: When Do Multifamily Development Incentives Make Economic Sense?
2+ week, 5+ day ago (899+ words) Development incentives tend to produce two predictable reactions. One side sees them as a practical tool to get difficult projects built. The other side sees them as a subsidy to private developers. In my experience, neither reaction is enough. The…...