by Kipp Gillian | Jun 27, 2025 | Affordable Housing
A rendering of The Avenir, Silverstein’s proposed mix-ed use tower in Hell’s Kitchen. Should the project be approved for a gaming license, the developers will build out 2,000 converted multifamily units. Image courtesy of Silverstein properties Silverstein...
by Kipp Gillian | Jun 25, 2025 | Affordable Housing
Congressional reconciliation proposals could provide up to 1 million affordable units over the next decade. Image by Serhii Luzhevskyi/iStockphoto.com In recent years, private and institutional investors have entered the affordable housing sector for the stability it...
by Kipp Gillian | Jun 25, 2025 | Affordable Housing
“The affordable housing crisis is one of the defining challenges of our time and private equity has a critical role to play,” Ogden said. Image courtesy of The Clear Blue Co. Private equity is taking on a larger role in the affordable housing space,...
by Kipp Gillian | Jun 24, 2025 | Affordable Housing
A rendering of Link at Boca, a transit-oriented project that will feature a mix of market rate and affordable units. Image courtesy of 13th Floor Investments 13th Floor Investments is planning to break ground this summer on Link at Boca, a mixed-use, transit-oriented...
by Kipp Gillian | Jun 23, 2025 | Affordable Housing
La Central will feature five residential buildings upon full build-out. Rendering by FXCollaborative, courtesy of the Office of the Mayor of New York City The public-private joint venture of BRP Cos., Hudson Cos., ELH-TKC, Breaking Ground, J.P. Morgan, Comunilife and...
by Kipp Gillian | Jun 20, 2025 | Affordable Housing
PNC Bank also issues agency loans. Earlier this year, it provided a $48.2 million Fannie Mae loan for the refinancing of San Tropez Apartments & Townhomes, a 334-unit property in South Jordan, Utah. Image courtesy of Yardi Matrix PNC Multifamily Capital has closed...
by Kipp Gillian | Jun 19, 2025 | Affordable Housing
A rendering of Collective on 13th. Image courtesy of WNC & Associates WNC & Associates and Commonwealth Development Corporation of America, have broken ground on The Collective on 13th, a $12 million, 40-unit affordable housing community located in Charles...
by Kipp Gillian | Jun 19, 2025 | Affordable Housing
Gotham Organization has obtained a $460 million debt package to refinance Gotham West, a 1,238-unit community in New York City’s Manhattan borough. The transaction was structured as a direct bond purchase, with Wells Fargo acting as lender, according to Commercial...
by Kipp Gillian | Jun 19, 2025 | Affordable Housing
“It’s an oddly challenging time,” Steadman told MHN’s Laura Calugar when asked about the current job market. Image by Cecilie_Arcurs/iStockphoto.com “You need culture to create a thriving company,” is the phrase that shaped Amy Steadman’s...
by Kipp Gillian | Jun 17, 2025 | Affordable Housing
66 units at 840 Woodrow are going to be reserved for affordable housing. Rendering by Dynamik Design, courtesy of Woodfield Development. Woodfield Development has entered a joint venture with American South Capital Partners for the land purchase of 840 Woodrow SW, a...
by Kipp Gillian | Jun 13, 2025 | Affordable Housing
Eastchester Gardens, one of the city oldest public housing communities. Image courtesy of Linda Pedroso Photography The New York City Housing Authority, working through the Permanent Affordability Commitment Together (PACT) program, has obtained $231 million in...
by Kipp Gillian | Jun 12, 2025 | Affordable Housing
The property’s green roofs meet D.C.’s stormwater management requirements and can accommodate solar panels. Image courtesy of Gilbane Development A joint venture of Gilbane Development Co., MED Developers and Equity Plus Managers, as well as Housing Help Development,...
by Kipp Gillian | Jun 11, 2025 | Affordable Housing
Brewery Square Apartments, a historic community that will see more than $40 million in renovations. Image courtesy of CPP and Beacon Communities A joint venture between Community Preservation Partners and Beacon Communities has acquired Brewery Square Apartments in...
by Kipp Gillian | Jun 11, 2025 | Affordable Housing
Garet Marr and Carlos Gonzales Property insurance costs for affordable housing owners and developers have surged at a rapid pace in recent years, with some owners facing premium hikes of 25 percent or more year over year. This, coupled with that the fact some...
by Kipp Gillian | Jun 11, 2025 | Affordable Housing
Phase two of Ekos Cadenza. The community now includes 320 affordable units. Image courtesy of McDowell Housing Partners McDowell Housing Partners completed the second 160-unit phase of Ekos Cadenza, an affordable senior housing community taking shape in Naples, Fla....
by Kipp Gillian | Jun 11, 2025 | Affordable Housing
Ravello is no stranger to developing affordable BTR communities in Palmdale. In 2023, it wrapped up construction on Maison’s Palmdale. Image courtesy of Yardi Matrix A joint venture between Ravello Holdings and Affordable Housing Access has secured a $58 million...
by Kipp Gillian | Jun 10, 2025 | Affordable Housing
A rendering of one of the affordable housing buildings in Eureka, Calif. Rendering courtesy of Linc Housing. Affordable housing nonprofit developer Linc Housing broke ground on its latest scattered-site development project in Eureka, Calif. The company is redeveloping...
by Kipp Gillian | Jun 6, 2025 | Affordable Housing
Terraces of Elk Grove, refinanced through Freddie Mac’s preservation program. Image courtesy of Yardi Matrix Bayshore Properties closed on a $58.6 million refinancing loan for Terraces of Elk Grove, a 427-unit garden-style apartment community located in the...
by Kipp Gillian | Jun 5, 2025 | Affordable Housing
The groundbreaking ceremony included local officials and business leaders in addition to Lincoln Avenue Communities representatives. Image courtesy of Lincoln Avenue Communities Lincoln Avenue Communities has broken ground on a 260-unit affordable housing project in...
by Kipp Gillian | Jun 2, 2025 | Affordable Housing
The 310-unit community Block 4 will have 100 apartments reserved as affordable. Image courtesy of Jair Lynch Real Estate Partners Jair Lynch Real Estate Partners, in partnership with Asland Capital Partners, has started construction on Block 4, a 310-unit multifamily...
by Kipp Gillian | May 30, 2025 | Affordable Housing
Vue Kirkland Apartments in Kirkland, Wash. Image courtesy of Yardi Matrix. West Coast affordable housing developer BRIDGE Housing has acquired Vue Kirkland Apartments in Kirkland, Wash., a suburb of Seattle. Following the purchase, the 200-unit multifamily market-rate...
by Kipp Gillian | May 29, 2025 | Affordable Housing
As cities across the country continue to confront with high office vacancies and persistent housing shortages, converting office buildings into residential units is increasingly seen as a practical—even if complex—response to shifting needs, particularly in dense...
by Kipp Gillian | May 29, 2025 | Affordable Housing
Image by Konstantin L/stock.adobe.com Roughly $10.5 billion in debt backed by fully affordable U.S. properties is on track to reach maturity by 2027, according to a new Yardi Matrix study. The volume more than doubles to $21.7 billion by 2030. Short term, commercial...
by Kipp Gillian | May 29, 2025 | Affordable Housing
Among the fully affordable projects is this 116-unit development at 516 Bergen St., to be built by a partnership of Apex Building Group and Bridge Street Development. Image courtesy of New York City Housing Preservation and Development The New York City Council has...
by Kipp Gillian | May 28, 2025 | Affordable Housing
Catalyst Opportunity Funds’ Satori Apartments, a 112-unit affordable and workforce housing development in Minneapolis, received state, city and county subsidies, and secured a 40-year HUD loan with a low, fixed rate. Rendering courtesy of Catalyst Impact...
by Kipp Gillian | May 28, 2025 | Affordable Housing
“Supporting staff morale and professional growth is essential to delivering high-quality, compassionate service to the individuals and families who rely on us for stable, affordable housing,” said Icenbice. Image courtesy of MCHA Housing demand is at an...
by Kipp Gillian | May 27, 2025 | Affordable Housing
An aerial rendering of The Ranges at Gunsmoke. The project is Lincoln’s first single-family-rental project. Image courtesy of Lincoln Avenue Communities Lincoln Avenue Communities has started construction on The Ranches at Gunsmoke, a 271-unit affordable...
by Kipp Gillian | May 20, 2025 | Affordable Housing
Patricia Belden, executive vice president & chief real estate development officer at The Community Builders spoke with MHN Associate Editor Gabriel Frank about the biggest challenges affordable housing developers face today, and what makes for a successful...
by Kipp Gillian | May 20, 2025 | Affordable Housing
A rendering of the future conversion of Pfizer’s headquarters. Image courtesy of Madison Realty Capital Madison Realty Capital has originated $720 million in construction financing for a joint venture between Metro Loft Developers and David Werner Real Estate...
by Kipp Gillian | May 20, 2025 | Affordable Housing
A rendering of the new Samuel Madden Homes in suburban Washington DC. Image courtesy of Fairstead Developer Fairstead has closed on $120 million in financing for the ground-up redevelopment of the Samuel Madden Homes public housing complex in Alexandria, Va., into a...
by Kipp Gillian | May 20, 2025 | Affordable Housing
Longacre also purchased a rent-stabilized portfolio throughout the Big Apple last year in a $180 million deal. This 53-unit community at 110 Bennett Ave. in Manhattan was part of the collection. Image courtesy of Yardi Matrix Longacre Group, together with an...
by Kipp Gillian | May 20, 2025 | Affordable Housing
A midrise building will contain phase two’s units. Image by David Baker Architects, courtesy of MidPen Housing MidPen Housing Corp. kicked off construction for Midway Village’s phase two, which is set to create 113 income-restricted units in Daly City, Calif....
by Kipp Gillian | May 19, 2025 | Affordable Housing
The Faircliff’s courtyard. The building is the greenest residential property in the District. Image courtesy of Jonathan Rose Cos. A joint venture between John Moriarty & Associates, Jonathan Rose Cos., Somerset Development Co. and Housing Up has opened The...
by Kipp Gillian | May 16, 2025 | Affordable Housing
Meridia Roselle Park, refinanced for $80 million. Image courtesy of Greystone Capodagli Property Company has obtained an $80 million bridge loan to refinance Meridia Roselle Park, a 325-unit mixed-income multifamily property located in Roselle Park, NJ. Drew Fletcher...
by Kipp Gillian | May 16, 2025 | Affordable Housing
Society Brooklyn, which lines the Gowanus canal. Image courtesy of Property Markets Group Society Brooklyn, a new 21-story, 517-unit mixed-use multifamily community from national developer Property Markets Group, has received its official opening in Brooklyn, N.Y. The...
by Kipp Gillian | May 15, 2025 | Affordable Housing
St. Anthony Plaza, which will see approximately $19.5 million wort of improvements. Image courtesy of Community Preservation Partners Community Preservation Partners has acquired St. Anthony Plaza Apartments, a two-building, 160-unit affordable housing community...
by Kipp Gillian | May 15, 2025 | Affordable Housing
Willow Place, a $130 million affordable community in McDonough, Ga. Funding for Dominium Apartments’ project was provided in part by the Georgia Housing and Finance Authority. Photo courtesy of Weis Bulders Affordable housing presents a paradox. The National Low...
by Kipp Gillian | May 14, 2025 | Affordable Housing
WNC & Associates and Codman Square Neighborhood Development Corp. will construct the Talbot Commons II affordable housing in Dorchester, Mass. Rendering courtesy of WNC & Associates WNC & Associates and Codman Square Neighborhood Development Corp., a...
by Kipp Gillian | May 14, 2025 | Affordable Housing
“We’re constantly shifting our new-development strategy based on market conditions,” said Jordan. Image courtesy of EAH Housing The affordable housing crisis in California has only gotten worse over the past decade. Density restrictions, ballooning land...
by Kipp Gillian | May 14, 2025 | Affordable Housing
East 7th Street is set for completion within 12 months. Rendering courtesy of Project for Pride in Living and Cuningham Architects Project for Pride in Living has secured a $32.9 million construction financing package for East 7th Street, a 60-unit affordable housing...
by Kipp Gillian | Feb 24, 2025 | Office
TIAA’s new corporate hub in Frisco currently houses 1,000 employees, and if perquisite offerings count, this building may be at the top of the food chain. The company says it is designed to boost productivity and well-being of its workers. The 15-story,...
by Kipp Gillian | Feb 24, 2025 | Office
Capland Development is in the early stages of planning a massive 257-acre project in Hutto. Called Gateway at Hutto, the project is slated to include 29 acres of multifamily development (730 units), about 13 acres of townhome construction (125 units), roughly 68 acres...
by Kipp Gillian | Feb 21, 2025 | Office
L&L Holding Company has signed two lease extensions totaling 55,269 square feet at 600 Third Ave., its modernized 42-story Midtown East office tower. Aaronson Rappaport Feinstein & Deutsch, LLP signed a 15-year extension to keep its headquarters at...
by Kipp Gillian | Feb 21, 2025 | Office
Progressive Real Estate Partners closed the $6,789,000 all cash sale of a 44,290-square-foot multi-tenant commercial flex center at 165 E. Hospitality Ln. in San Bernardino. The center is part of the Tri City Commercial Hub/Hospitality Lane District, one of the Inland...
by Kipp Gillian | Feb 21, 2025 | Office
Cornell Tech announced the opening of The Bridge, a flexible workspace for entrepreneurs, early and mid-stage ventures and more established companies. Located in the Tata Innovation Center on Cornell Tech’s Roosevelt Island campus, The Bridge is now open and...
by Kipp Gillian | Feb 21, 2025 | Office
In a transaction arranged by CBRE and Paragon Group, Garfunkel Wild P.C., specializing in healthcare, corporate and business law, has inked a 45,0000-square-foot office lease at 900 Stewart Ave. in Garden City, NY, within Long Island’s Nassau County. The...
by Kipp Gillian | Feb 21, 2025 | Office
Expansion is on the horizon for business in Boston this year, as leaders express plans to invest in talent, tech, and real estate, according to a new study by KPMG LLP. The KPMG 2025 Perspectives: Local Insights from Boston report reveals the region is on track for...
by Kipp Gillian | Feb 21, 2025 | Office
Harmony Public Schools has purchased a vacant office building in the Energy Corridor with plans to make it its new headquarters. The Houston Business Journal reports the Houston-based charter school system bought the six-story, 171,091-square-foot building at 1255...
by Kipp Gillian | Feb 21, 2025 | Office
The 19-story tower that once housed employees of the Jacksonville Energy Authority (JEA) is now open for bids. JEA moved its Customer Solutions Center and corporate offices to a seven-story building at 225 N. Pearl St. in April 2023. The Jacksonville Business Journal...
by Kipp Gillian | Feb 21, 2025 | Office
Blanca Commercial Real Estate, Hines, and Urban Street Development announced that construction is underway on T3 FAT Village, an office component within the larger 5.5-acre FAT Village development currently under construction at 501 Andrews Avenue in Downtown Fort...
