Multifamily

JLL, HJ Sims Secure $252.1M in Financing for Planned 214-Unit Seniors Housing Project in Huntington Beach, California

by Amy Works May 19, 2026

HUNTINGTON BEACH, CALIF. — JLL and HJ Sims have arranged $252.1 million in tax-exempt and taxable bond financing for the development of The Marisol, a seniors housing community in Huntington Beach. HJ Sims acted as lead book-running manager on the senior bonds and JLL Securities served as co-manager and led the process in securing the investor for the subordinate bonds. Issued through the California Public Finance Authority, the fixed- and floating-rate financing was structured into Series A senior bonds and subordinate Series B and C bonds. The bonds were divided into three tranches: a Series A $165.7 million tranche, a Series B $74.3 million tranche and a Series C $12.1 million tranche. Located at 2120 Main St., The Marisol is currently under construction and will deliver 214 seniors housing units and a full amenity package in 2028. JLL’s Senior Housing Capital Markets team served as real estate advisor on the project.

May 19, 2026

Affordable Housing California Development Loans Multifamily Western

Seachange Partners Receives $15.6M in Construction Financing for Two Affordable Housing Projects in Los Angeles

by Amy Works May 19, 2026

LOS ANGELES — Seachange Partners has received $15.6 million in nonrecourse construction financing for two affordable multifamily developments in Los Angeles. Keith Rosso and Jeremy Kanter of Berkadia arranged the financing through Genesis Capital, a private Los Angeles-based residential construction lender. Located at 1723 Corinth Ave. and 3751 Delmas Terrace, the two five-story properties will deliver a combined 79 units of deed-restricted affordable housing. Construction is underway, with completion slated for 2027. Seachange Partners was founded in 2024 by Kyle Jenkins and Cameron Whiting. To date, the firm has initiated four affordable housing development projects in the greater Los Angeles area. The Corinth Avenue and Delmas Terrace developments are Seachange’s inaugural projects.

May 19, 2026

Development Illinois Midwest Multifamily

JLL Arranges $141.8M Refinancing for Wolf Point West Luxury Apartment Tower in Chicago

by Kristin Harlow May 19, 2026

CHICAGO — JLL Capital Markets has arranged a $141.8 million loan for the refinancing of Wolf Point West, a luxury multifamily property in Chicago’s River North neighborhood. JLL represented the borrower, Hines, in partnership with AFL-CIO Building Investment Trust (advised by DWS Group), Magellan Development Group and the Jospeh P Kennedy Trust. New York Life Insurance Co. provided the three-year, floating-rate loan. Located at 343 W. Wolf Point Plaza, the property sits on the Wolf Point peninsula at the confluence of the three branches of the Chicago River. Delivered in 2016, Wolf Point West rises 48 stories with 509 units across 379,264 square feet. Designed by bKL Architecture, the LEED Silver-certified building features amenities such as an outdoor pool, fitness center, game room with golf simulator, business center and indoor-outdoor dog lounge. Danny Kaufman, Medina Spiodic, Rebecca Brielmaier and Youngsoo Yang led the JLL team. Hines developed the building and serves as property manager.

May 19, 2026

Development Illinois Midwest Multifamily

Bradford Allen Opens 301-Unit Arbor House Apartments in Arlington Heights, Illinois

by Kristin Harlow May 19, 2026

ARLINGTON HEIGHTS, ILL. — Bradford Allen has opened Arbor House, a luxury apartment community rising eight stories with 301 units in Arlington Heights. Arbor House offers studio, one-, two- and three-bedroom units. Spanning 17,500 square feet, the amenity space features a fitness center, resident lounge with golf simulator, game tables and a kitchen. Additional amenities include coworking suites on the first and fourth floors, a concierge desk, covered parking and pet spaces such as an onsite dog run and washing station. Residents also have access to a private outdoor terrace with a pool, spa, fire pits, grills and seating. The property includes 26,000 square feet of ground-floor retail space. Abor House serves as the anchor of Bradford Allen’s 18-acre mixed-use district known as Arlington Gateway. The project reimagines the southeast entrance to Arlington Heights as a live-work-play community. The integrated master plan concept includes a full renovation of the former Daily Herald building, now branded as Arlington Med, placing Arbor House residents steps from a 150,000-square-foot wellness center.

May 19, 2026

Affordable Housing Development Midwest Multifamily Ohio

The Community Builders Completes 64-Unit Affordable Housing Development in Cleveland

by Kristin Harlow May 19, 2026

CLEVELAND — The Community Builders (TCB) has completed Woodhill Station East, the third phase of the Buckeye-Woodhill Choice Transformation in Cleveland. The building delivers 54 affordable apartments and 10 market-rate units for residents in the Buckeye-Woodhill neighborhood and is situated immediately to the east of Woodhill Station West. Woodhill Station East is the third phase in the redevelopment of the former Woodhill Homes. A commercial space will host up to three tenants. Residents have access to amenities including a community room, lounges, a fitness center, landscaped greenspace and an outdoor patio. All units are pre-wired for high-speed internet service, including low-cost access provided by Digital-C. TCB will oversee a wide range of resource and programming partners and activities, including a team of TCB Community Life case managers, which will provide onsite supportive service programming. They will connect residents to opportunities in six areas: workforce development, asset building, community engagement, youth development, education and health and wellness. Financial partners included Lument, Ohio Capital Corp. for Housing, Ohio Housing Finance Agency, Citizen’s Bank, HUD Choice Neighborhoods program, TCB, Cuyahoga Metropolitan Housing Authority (CMHA) and the City of Cleveland via ARPA HOME funds. In 2021, HUD awarded a $35 million Choice Neighborhoods Implementation …

May 19, 2026

Development Multifamily New Jersey Northeast

Cushman & Wakefield Arranges Construction Loan for 198-Unit Multifamily Project in Belmar, New Jersey

by Taylor Williams May 19, 2026

BELMAR, N.J. — Cushman & Wakefield has arranged an undisclosed amount of construction financing for Mara by Vermella, a 198-unit multifamily project in Belmar, located along the Jersey Shore. Mara by Vermella will be situated on a 3.2-acre site and will include 20 affordable housing units, as well as 5,480 square feet of retail space. Amenities will include a pool, fitness center with a yoga studio, coworking and resident lounge and outdoor grilling and dining stations. John Alascio, Chuck Kohaut and Meredith Donovan of Cushman & Wakefield placed the loan through PNC Bank on behalf of the borrower, Russo Development.

May 19, 2026

Development Georgia Multifamily Southeast

Woodfield Tops Out 325-Unit Apartment Community in Atlanta

by John Nelson May 19, 2026

ATLANTA — Woodfield Development has topped out Woodrow House, a 325-unit apartment community located at 840 Woodrow St. SW in Atlanta. The property sits along the Westside Trail of the Atlanta Beltline, a 22-mile urban trail loop in Atlanta. The developer has begun leasing units at Woodrow House, with monthly rental rates ranging from $1,300 to $3,000. The property will comprise mid-rise apartment buildings, two-story live-work units and townhomes, as well as over 12,000 square feet of retail space facing a new spur of the Beltline. Sixty-six of the units will be reserved as workforce housing. Amenities will include a resort-style pool with outdoor lounge areas and grilling stations; sky deck; fitness center; coworking spaces, including a private conference room and dedicated creator studio; and a dog park and pet spa. The project team includes Fortune Johnson (general contractor), Dynamik Design (architect), Krywicki Interior Design (interior design) and Kimley-Horn (civil engineer and landscape architect). Initial townhome deliveries are expected in July, with the first multifamily units anticipated in September, according to Woodfield.

May 19, 2026

Leasing Activity Multifamily New Jersey Northeast

Kislak Negotiates $6.8M Sale of Apartment Building in North Bergen, New Jersey

by Taylor Williams May 19, 2026

NORTH BERGEN, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $6.8 million sale of 2Six Apartments, an 18-unit multifamily building in North Bergen, located across the Hudson River from Manhattan. The three-story building houses six one-bedroom units and 12 two-bedroom units that were fully occupied at the time of sale. Davis Briones of Kislak brokered the deal. The buyer and seller were not disclosed.

May 19, 2026

Market Reports Multifamily Office Texas Texas Market Reports

The Dawn of Y’all Street: What the Texas Stock Exchange Means for Big D

by Taylor Williams May 19, 2026

The Texas Stock Exchange (TXSE) represents the most serious attempt in 55 years to challenge the NYSE-Nasdaq duopoly and signals something that has not happened in generations: New York City’s monopoly on exchange infrastructure now has a credible challenger. As the TXSE prepares to launch in phases through 2026, EMBREY, a San Antonio-based investment and development firm, shares insights on how the exchange could further reinforce Dallas-Fort Worth’s (DFW) emergence as one of the country’s most important financial and economic centers. We also consider the direct implications for long-term economic growth and multifamily demand correlated to the launch of TXSE. Announced in 2024 and approved by the SEC in 2025, the TXSE has already raised more than $270 million from institutions including BlackRock, Citadel Securities, J.P. Morgan, Goldman Sachs, Bank of America and Charles Schwab. The exchange’s pitch to public companies centers around lower listing costs, fewer prescriptive requirements and a governance framework designed for operators. Combined with the state’s broader efforts to position itself as an increasingly attractive destination for business and corporate investment, the TXSE reinforces a larger shift already underway across North Texas. The exchange arrives at a time in which DFW has already evolved into one …

May 19, 2026

California Development Loans Multifamily Office Western

Silicon Valley Initiative Partnership Receives $74.1M in Financing for Office-to-Residential Conversion Project in San Jose

by Amy Works May 18, 2026

SAN JOSE, CALIF. — Silicon Valley Initiative Partnership has received $74.1 million in financing for the conversion of the historic Bank of Italy building, located at 12 S. 1st St. in downtown San Jose, into a mixed-use residential and retail property. Deutsche Bank provided the financing. Originally constructed in 1926, the 13-story office tower will be transformed into a 126,000-square-foot multifamily and commercial space. The residential portion will feature 109 studio, one- and two-bedroom, market-rate apartments complemented by a fitness center, lounge and an outdoor terrace. Dave Karson, Chris Moyer, Alex Lapidus and Chris Meloni of Cushman & Wakefield arranged the financing on behalf of of the borrower.

May 18, 2026

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