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.
Cushman & Wakefield Arranges $24M Sale of AL Community
The firm represented the seller, Spanish Fort Realty LLC, in its disposition of the 216-unit Spanish Fort Town Center in Mobile.
Blaze Partners Acquires NC Luxury Asset
Completed in 2015, The Gibson was built on the site of an historic recording studio in the Plaza Midwood neighborhood of Charlotte.
Freddie Mac Names New CEO
David Brickman, the GSE’s president, will succeed retiring CEO Donald Layton on July 1 and join the board of directors. Last September, the agency announced it would conduct a search that included Brickman.
Berkadia Arranges $125M Financing for VA Properties
Totaling 655 units, the upcoming Magnolia Green Apartments and Faraday Park at Reston Station communities are located in Moseley and Reston.
Brickell Flatiron Tower Tops Off in Miami
The 64-story luxury project is billed as the tallest condominium development south of New York City and caps a quarter-century building boom that has transformed the city’s urban core.
JV Acquires Denver Portfolio for $177M
Oak Coast Properties and BMC Investments will rebrand the properties as a single community serving workforce renters. HFF arranged a $120 million Freddie Mac acquisition loan for the three assets.
The Praedium Group Sells TX Community
Legends at Chase Oaks in Plano offers 346 units and underwent a comprehensive capital improvements program since its purchase back in 2014.
NKF Closes Sale of 2,000 Student Housing Units
The firm’s Student Housing Group has arranged the sale of three communities in Texas and another in North Carolina, with equity from Saudi Arabia, the Asia-Pacific region and the U.S.
NYC Condo Development Lands $65M Construction Loan
Working on behalf of the sponsor—a partnership of RJ Capital Holdings and RB Realty Capital—Naftali Credit Partners secured the financing for an upcoming 74-unit luxury community in Queens.
Hamilton Zanze Buys Suburban Kansas City Community
The company has entered the Kansas market with the $40.4 million purchase of a 272-unit rental community located in the city’s Overland Park submarket.