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.
Mosaic Finances California Student Housing
A $68.8 million construction loan will pay for the construction of an 885-bed student housing facility serving the University of California-Merced.
Related, Rabina JV Locks in Construction Financing
Truist arranged the loan for the third phase of the New River Yacht Club development downtown.
Kennedy Wilson Buys 5-State Portfolio
The company paid $342 million for 1,457 multifamily units in five properties located in Washington, Oregon, Colorado, Nevada and New Mexico.
Renovation Begins at Chattanooga Apartments
A partnership involving Pennrose Properties and the Chattanooga Housing Authority started redeveloping two outdated multifamily communities totaling 311 units.
Colorado Development Scores Construction Financing
JLL worked on behalf of the developer to arrange $43.2 million for Ten West Greeley Apartments.
Downtown Chicago Tower Changes Hands
Marquee at Block 37 will be owned on a 50:50 basis by Morguard Corp. and Morguard North American Residential REIT.
Starwood REIT Buys North Carolina Property for $111M
Exchange on Erwin features 265 multifamily units and 96,949 rentable square feet of commercial space.
Pensam Makes Preferred Equity Investment in Newark
The 401-unit Forest Hill Towers was purchased for $73 million.
JV Acquires Downtown Phoenix Property
Origin Investments and Randolph Street Realty Capital purchased Union @ Roosevelt, situated within a Qualified Opportunity Zone.
California Townhome Property Changes Hands
Levin Johnston of Marcus & Millichap advised the private buyer to offer $40.5 million for the acquisition.