Wednesday, April 9, 2025

News

Strong employment growth overall but construction trades suffer

The Employment Situation Report from the Bureau of Labor Statistics (BLS) stated that the economy experienced strong overall employment growth in March. However, the employment levels for only 2 of the 4 multifamily-related job...
Alta Nashoba Valley

Wood Partners Breaks Ground on Alta Nashoba Valley in Bolton Massachusetts

National multifamily developer Wood Partners announced today the groundbreaking of its latest community, Alta Nashoba Valley, in Bolton, Massachusetts, a suburb outside of Boston. The fully electric community will have a 25% affordable component...
Standard441

Thompson Thrift Hosts Ribbon Cutting for Standard441 a Multifamily Community Near Orlando Florida

Thompson Thrift, a full-service nationally recognized real estate company and one of the nation's leading multifamily developers, hosted a ribbon cutting for Standard441, a new 300-unit multifamily community in the Orlando suburb of Lady...
Coles Street Apartments

JLL Capital Markets facilitates Loan for High-Rise Community Coles Street Apartments in Hudson County...

JLL Capital Markets announced that it has secured financing for Coles Street Apartments, a 465-unit, to-be built, high-rise luxury apartment community in Jersey City, New Jersey. JLL worked on behalf of the borrower, The Hekemian Group,...
Dalan

Hamilton Lane Partners with Dalan Real Estate to Acquire $74M NYC Multifamily Portfolio

Hamilton Lane (Nasdaq: HLNE), a leading global private markets investment management firm, announced an investment in a portfolio of four multifamily assets in lower Manhattan from Dalan Real Estate. Funds managed by Hamilton Lane...
Havenpark Communities

Havenpark Communities to Invest $43.7M Across its Communities This Year with Upgrades and Improvements

Havenpark Communities, a leading operator and developer of manufactured home communities, announced today its pledge to invest $43.7 million in 2025 to further enhance and modernize its properties. Building on the $36.4 million investment...
Quail Park of Lynnwood

$58M Financing Secured for Quail Park of Lynnwood a Washington Seniors Housing Community

JLL Capital Markets announced that it has arranged $58 million in financing for Quail Park of Lynnwood, a 253-unit seniors housing community in Lynnwood, Washington. Working on behalf of the borrower, IRA Capital, JLL placed...
The Reserve at Estuary

Hartz Mountain Industries Launches Leasing for The Reserve at Estuary in Weehawken Offering 218...

Hartz Mountain Industries, a family-owned and operated real estate company, today announced the official launch of leasing at The Reserve at Estuary, a new high-end rental development situated along Weehawken’s vibrant Lincoln Harbor waterfront....

Multifamily construction spending continues to fall in February

The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in February was down 0.03 percent from the revised level of the month before. Spending on...

Investors see a transitional year for multifamily

Investors responding to Berkadia’s 2025 Investor Sentiment Survey, released in March, see a transitional year for multifamily characterized by uncertainty, with positive signals possible as the year progresses. This outlook is supported...
Little River District Project

Miami-Dade County Commission Approves $3B Little River District Project Led by SG Holdings Paving...

The Miami-Dade County Commission has granted final approval for SG Holdings Little River District, a transformative $3 billion, mixed-use development that will redefine the urban landscape of Miami’s underserved Little River and Little Haiti neighborhoods....
95 Madison Avenue

BHI Serves As Senior Lender for $99M Construction Loan To Renovate 95 Madison Avenue,...

BHI, the U.S Branch of Bank Hapoalim, B.M. and a full-service commercial bank, announced it will serve as the senior lender for a $99 million construction loan to renovate the 17-story office building at...
1651 Building

Blueprint Supports the Collaborative Community Housing Initiative (CCHI) in its Acquisition of Former Seniors...

The Collaborative Community Housing Initiative is excited to announce its recent acquisition of a former memory care community in Highland Park, Illinois. This purchase marks a significant step forward in CCHI's mission to create...
Tivoli Place

Lincoln Avenue Communities Hosts Grand Reopening Ceremony at Historic Tivoli Place in New Orleans

Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, hosted a grand reopening ceremony Thursday at Tivoli Place Apartments, marking the completion of an extensive $35 million rehabilitation of the historic...
Ashton at Altamonte Springs apartments

FaverGray Delivers 261-Unit Aston at Uptown in Altamonte Springs Florida 

FaverGray, a premier multifamily construction firm, is proud to announce the successful delivery of The Aston at Uptown, a 261-unit multifamily residential community located at 505 One Center Boulevard in Altamonte Springs, Florida. This...
Yield PRO