A Chicago-based freelance writer since 1989, Jefftrey Steele has written on real estate for more than three decades. His real estate writing has appeared in the Chicago Tribune, Barron's, Modern Luxury, HouseLogic, Forbes.com and many other publications. He has written for Multi-Housing News since 2009.
Structure PMG Expects High Returns on California Townhomes
Structure Property Management Group’s new acquisition, a 46-unit property, is located in a hot market.
Equicap Negotiates Quick Close on Bowery Site
The company arranged $10 million in financing for the acquisition.
EAH Housing to Develop Affordable Bay Area Project
The City of Emeryville has tapped nonprofit developer EAH Housing, an affordable housing specialist, to develop a new mixed-use affordable apartment property at 3706 San Pablo Ave. in the city.
InHaus, Redfin Join Forces on Seattle Condo Development
Acclaimed sustainability developer InHaus and technology-driven real estate brokerage Redfin are coming together to unveil a new condominium development in the Ballard neighborhood of Seattle.
First Resident-Based Bike-Sharing Program Debuts in New York City
The first resident-based bike-sharing program in New York City was launched by Related Companies and Zagster, which provides bikes-as-a-service.
NAI Capital Closes $10.5 Million Apartment Community Transaction
Preservation Partners and Clifford Beers Housing have purchased Banning Villa Apartments, a 90-unit affordable housing community for seniors in Wilmington, Calif., for $10.5 million from VPP Banning Villas Apartments VP.
Historic Los Angeles YMCA Reborn as 28th Street Apartments
The 28th Street YMCA in South Los Angeles, a landmark building designed by trailblazing African-American architect Paul Williams, has been given a $21 million restoration and repurposing as the 28th Street Apartments.
Ground Broken on New Workforce Housing in Brea, Calif.
Construction is underway on Birch Hills Apartment Homes, the newest workforce housing community to come to Brea, Calif.
NYC Property Tax Policies Favor Homeowners Over Renters, Report Finds
Owners of New York City’s large rental apartment buildings shoulder a disproportionate share of the city’s overall property tax burden, due to the fact they are subject to a higher effective property tax rate than owners of one- to three-bedroom homes.
Foundry Lofts Blazes Trail on D.C. Riverfront
Foundry Lofts, the first apartment building to debut along the water in Washington, D.C.’s Capitol Riverfront area, is 80 percent leased in just eight months.