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.
Avanath Acquires Boston Workforce Housing
The purchase of the 207-unit Morton Village Apartments in Mattapan, Mass., marks the company’s entrance into the Boston metro.
Kennedy Wilson Buys Portfolio for $198M
The purchase includes three garden-style properties in Colorado and Arizona totaling 880 units.
StoneBridge Buys Raleigh Community
The Columns at Wakefield features 324 units and will undergo an extensive renovation by the new owner.
FORTIS Breaks Ground on Condos Near Amazon HQ2
The planned 2022 delivery of Dylan in Alexandria, Va., coincides with the opening of the new Potomac Yard Metro Station situated five minutes away.
Suburban Markets Shine Amid Pandemic
NMHC’s Quarterly Survey of Apartment Market Conditions showed a modest rebound from impacts of COVID-19, though its Index of Market Tightness displayed weakness.
Prime Residential Buys San Diego Townhomes for $107M
CBRE represented the seller of the 369-unit Agave Ridge, situated in the Kearny Mesa neighborhood.
Inland Real Estate Buys Beachfront Asset in New York
Located on the Long Island’s South Shore, 10 West Apartments in Long Beach, N.Y., last underwent renovations in 2016.
DM Development Completes $120M Condo Project
Union House, a $120 million community in San Francisco, is now 30 percent sold and has welcomed its first move-ins.
Senior Housing Occupancy Skids to Historic Low
COVID-19’s impact on senior housing is reflected in the latest data from NIC MAP Data Service, which reports a 2.5 percent decline during the third quarter.
Minnesota Affordable Property Gets $42M Refi
Aeon, Community Development Trust and Minnesota Housing closed the financing for a 422-unit community located within a few miles of Minneapolis-St. Paul International Airport.