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.
236-Unit Community Underway in Miami
Developed by Asia Real Estate and a Canadian pension fund, the building will replace the former American Legion Post 29, which for decades has been a popular spot in the city’s MiMo District.
$300M Residential Tower Breaks Ground in LA
Developed by Hankey Investment Co. and Jamison Properties, the 25-story high-rise will bring 644 apartment units and 15,000 square feet of ground floor retail space to the coveted Koreatown submarket.
Bridge Housing Tops Out $84M Affordable Project in OR
A housing development named for Vera Katz, an inspiring local leader, is nearing completion in Portland. It will offer much-needed rental housing to low-income families and homeless military veterans.
Fannie Mae Boosts Small Loan Limit for Multifamily Market
By upping small loan limits nationwide, the GSE aims to expand market liquidity and the nation’s affordable housing supply.
Upscale Senior Living Community Coming to Suburban Philadelphia
South Bay Partners and LAMB Properties have joined forces to develop a 250-unit luxury senior housing community which will focus on holistic aging. The project is slated for completion in early 2021.
NKF Brokers $123M Sale of High-End Property in Boston
Oxford Properties Group entered the Boston residential market with the acquisition of a 195-unit luxury apartment community adjacent to the Longwood Medical Area.
Cushman & Wakefield Negotiates $73M Sale of 2 FL Properties
Centennial Holding Co.’s acquisition of communities in Lakeland and Plant City positions the new owner to take advantage of commuting distances to nearby Orlando and Tampa.
Preiss Co., Nuveen Real Estate Buy NC Student Housing
The joint venture has acquired Signature 1505, a recently completed student housing community in Raleigh.
Starlight Acquires Suburban Denver Property
In the last few months, the Toronto-based investor has added some $270 million of Class A multifamily properties in the U.S., most recently Broadstone Montane in the Denver suburb of Parker, Colo.
Manhattan Residential Conversion Project Lands $132M Financing
The Moinian Group is transforming a former office building in the Battery Park neighborhood into a 345-unit amenity-rich community catering to Millennials and Gen Z renters.