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.
Skilled Nursing Occupancy Declines: NIC|MAP
Occupancy hit new lows, slipping 13.8 percent below pre-COVID levels, according to the latest report.
Catalyst, CalCHA Buy 3 California Properties for $525M
The firms will transition market-rate properties into rent-restricted housing serving the “missing middle” of the housing market.
NorthMarq Arranges $73M in Financing for Midwest Portfolio
The three properties total 721 apartments and are located in Nebraska and Iowa.
Brookfield Reaches Construction Milestones at $950M Bronx Development
The Bankside master-planned project in the Mott Haven neighborhood is among the largest private investments undertaken in the borough.
Mission Rock Tapped to Manage Oregon Property
Courtyards at Cedar Hills Apartments is located in Beaverton, Ore., 7 miles west of Portland.
Mac Properties Completes Construction on St. Louis Residential Tower
The 36-story community overlooks Forest Park in the city’s Central West End.
EDEN Multifamily Breaks Ground on Florida Project
Trez Capital has provided a $44.1 million construction loan to develop the property in Port Orange.
Namdar Group Lands $120M Loan for Jersey City Development
The project will be constructed in the Journal Square district, benefiting from nearby access to two commuter rail stations.
Virtu Investments Buys Colorado Mixed-Use Property for $151M
Reve Boulder is located in a Qualified Opportunity Zone and scheduled for completion in the next several months.
HK Organization Begins Marketing Brooklyn Adaptive Reuse
The property formerly served as a toy factory located in the Vinegar Hill neighborhood.