Wednesday, March 11, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Multifamily

DevelopmentIllinoisLoansMidwestMultifamily

Associated Bank Provides $7.6M Construction Loan for Chicago Apartment Building

by Kristin Harlow

CHICAGO — Associated Bank has provided a $7.6 million construction loan for a five-story, 40-unit apartment building located at 4725 N. Clifton Ave. in Chicago. CEDARst Cos. is developing the transit-oriented project, which is named Clifton Uptown. Located in the heart of the Uptown Square Historic District, the property will feature 12 studio units, 28 one-bedroom units and 1,839 square feet of ground-floor retail space. The site is adjacent to the CTA Red Line Lawrence Station that is in the final stages of a $2.1 billion Red and Purple Line modernization project. Daniel Barrins of Associated Bank managed the loan arrangements and closing.

Continue Reading
FacebookTwitterLinkedinEmail
The-Bold-Queens
LoansMultifamilyNew YorkNortheast

Joint Venture Receives $111M Loan for Refinancing of Queens Apartment Building

by Taylor Williams

NEW YORK CITY — American Lions, which is a joint venture between locally based developers Fetner Properties and Lions Group, has received a $111 million bridge loan for the refinancing of The Bold, a 164-unit apartment building in Queens. Designed by SLCE Architects, the 28-story building is located at 2701 Jackson Ave. in the borough’s Long Island City area and includes 50 affordable housing residences. Units come in studio, one-, two- and three-bedroom floor plans. The amenity package consists of a coworking lounge, gym with a climbing wall, party room with a bar and kitchen, clubhouse lounge, media room and a golf simulator room. Christopher Peck, Nicco Lupo, Michael Shmuely, Alex Staikos and Adam Dietrich of JLL arranged the loan through PGIM Real Estate.

Continue Reading
FacebookTwitterLinkedinEmail
Developers Flood Zones panel
DevelopmentFeaturesIndustrialMidwestMultifamilyNortheastOfficeRetailSoutheastTexasWebinarWestern

Webinar: Flood Zones & FEMA Compliance — How Developers Avoid Delays, Cut Insurance Costs & Increase Property Value

by Sarah Daniels

The March 2 France Media webinar “Flood Zones & FEMA Compliance — How Developers Avoid Delays, Cut Insurance Costs & Increase Property Value,” hosted by France Media and sponsored by National Flood Experts, examined how flood zones and evolving regulatory requirements are shaping development and financing outlooks. Flood risk is often treated as a late-stage compliance issue, but it can influence site design, permitting timelines, construction costs (and cost expectations) and long-term insurance expenses. Flood maps established by federal and local authorities define development constraints such as base flood elevations and floodways. Because these maps are updated slowly and regulations vary by municipality, developers frequently encounter unexpected complications during permitting, including the need for additional engineering studies, modeling requirements and extended approval timelines. The webinar panelists emphasized ways that developers can mitigate these risks by approaching flood zones strategically and incorporating flood analysis earlier in the development lifecycle. Early collaboration can identify opportunities to cut costs and avoid delays. Watch this brief webinar to learn about common problems caused by flood zones, changes in regulatory needs and practical pathways to help reduce or eliminate flood zone requirements (to increase the value of properties). Click here to download the slide presentation. …

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingColoradoDevelopmentMultifamilySeniors HousingWestern

Pennrose Breaks Ground on 50-Unit Affordable Housing Community in Superior, Colorado

by Amy Works

SUPERIOR, COLO. — Pennrose has broken ground on Kite Route Crossing, a 50-unit affordable multifamily property for residents age 55 and older in downtown Superior. Slated to open in summer 2027, the asset will be the first income- and rent-restricted residential community in the town. Kite Route Crossing will offer 44 one-bedroom and six two-bedroom units available at 30 percent to 70 percent of the area median income. Apartments will include modern kitchens with hard-surface counters, Energy Star appliances, luxury vinyl flooring, bedrooms with walk-in closets, storage closets and Juliet balconies in select units. Community amenities will include covered parking and ground-floor amenity space, including onsite property management and maintenance, a community room, an open-concept lobby, activity room, indoor bike storage, pet washing station, package room and a fitness center. The $26.3 million development is financed by federal and state housing tax credits allocated by the Colorado Housing and Finance Authority and purchased by Hudson Housing Capital and JP Morgan Chase. JP Morgan Chase provided a senior construction loan and Berkadia provided a permanent loan. The Colorado State Division of Housing, Department of Local Affairs, Boulder County, the Town of Superior and the Community Foundation of Boulder County all provided financial …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentLoansMultifamilyOregonSeniors HousingWestern

Gantry Secures $12M Construction-to-Permanent Loan for Assisted Living Project in Oregon

by Amy Works

WOODBURN, ORE. — Gantry has secured a $12 million construction-to-permanent loan for the development of an assisted living facility in Woodburn. Charlie Kokernak and Tim Brown of Gantry arranged the 10-year, fixed-rate loan for the borrower, an affiliate of Benicia Senior Living. An Oregon-based credit union provided the loan, which includes interest-only payments for the first three years followed by a 25-year amortization. Located at 1000 Country Club Road NE, the community will feature 46 units, totaling 51 beds. The property is adjacent to Heartwood Place Memory Care, which is also owned and managed by Benecia Senior Living.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilySeniors HousingWashingtonWestern

SLIB Arranges Sale of 42-Unit Seniors Housing Property in Washington

by Amy Works

CASHMERE, WASH. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a seniors housing community located in Cashmere in central Washington. Situated on roughly 1.5 acres, the community comprises 42 units.  A regional owner-operator seeking to expand its footprint in the state acquired the property for an undisclosed price. The seller was a local owner-operator exiting the industry. Jason Punzel, Vince Viverito, Jake Anderson and Taylor Graham of SLIB brokered the transaction. 

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyTexas

Eastham Capital Sells 200-Unit Veranda Apartments in Texas City, Texas

by Taylor Williams

TEXAS CITY, TEXAS — Florida-based real estate private equity firm Eastham Capital has sold Veranda, a 200-unit apartment complex in Texas City, a southeastern suburb of Houston. Veranda offers one-, two- and three-bedroom units that are furnished with stainless steel appliances, granite countertops and individual washers and dryers. Amenities include a pool, fitness center, clubhouse, basketball court and a movie theater. Eastham acquired the property in 2018 in a joint venture with Mosaic Residential and subsequently implemented capital improvements. The buyer and sales price were not disclosed. Veranda was 95 percent occupied at the time of sale.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentLoansMultifamilyNew YorkNortheastOffice

Largo Capital Arranges $76M in Financing for Office-to-Residential Conversion in Lower Manhattan

by Taylor Williams

NEW YORK CITY — Largo Capital, a financial intermediary based in upstate New York, has arranged $76 million in construction-to-permanent financing for an office-to-residential conversion project in Lower Manhattan. The project will redevelop the historic, 21-story office building at 2 Wall St. into a 211-unit apartment complex. Jack Phillips of Largo Capital structured the debt. The direct lender was not disclosed. The borrower was also not disclosed, but the building is listed on the website of local landlord George Comfort & Sons.

Continue Reading
FacebookTwitterLinkedinEmail
GeorgiaMultifamilySoutheast

Alliance Residential Acquires Land Near Battery Atlanta, Plans 300-Unit Multifamily Development

by Abby Cox

ATLANTA — Alliance Residential has acquired nearly 3.7 acres in Atlanta’s Vinings/Smyrna submarket near The Battery Atlanta, the mixed-use village surrounding Truist Park, home of the Atlanta Braves. The Arizona-based developer is planning to develop Broadstone Lola, a 300-unit luxury apartment community, on the site. Designed by locally based Brock Hudgins Architects, Broadstone Lola will offer one- and two-bedroom floorplans ranging in size from 600 to 1,100 square feet. Along with a Parisian-inspired aesthetic, Broadstone Lola will feature amenities such as a resort-style saltwater swimming pool with a landscaped deck with grills, a grab-and-go market, fitness center, gaming lounge, clubroom with an indoor fireplace, private work spaces, conference room, pet spa and a secured parking garage with electric vehicle charging stations and dedicated bike storage. Alliance Residential expects to begin welcoming residents to Broadstone Lola in the summer of 2027.

Continue Reading
FacebookTwitterLinkedinEmail
Vivian Apartments
DevelopmentMultifamilyNorth CarolinaSoutheast

Riverside, Woodfield Open 42-Story Vivian Apartment Tower in Charlotte

by Abby Cox

CHARLOTTE, N.C. — Riverside Investment & Development and Woodfield Development have opened Vivian at Queensbridge Collective, a 42-story apartment tower in Charlotte. Goettsch Partners served as the architect for the project. Situated within the larger Queensbridge Collective mixed-use development, the 409-unit apartment tower offers studio, one-, two- and three-bedroom floorplans ranging in size from 558 to 2,180 square feet. Amenities at the complex are distributed across multiple levels of the building, including a ninth-floor fitness center with indoor/outdoor elements, a 10th floor resident lounge featuring bowling and virtual golf and a 42nd-floor rooftop pool deck with grilling stations and skyline views. Riverside and Woodfield began leasing Vivian in late 2025 and welcomed its first residents this month. Monthly rental rates range from $1,792 to $16,744, according to Apartments.com. This fall, Guard and Grace, the Michelin-recommended steakhouse led by chef Troy Guard, is scheduled to open on the 10th floor of Vivian. The 10,224-square-foot restaurant will include a 2,000-square-foot outdoor terrace, private dining areas and direct connections to both the public and residential components of the development. Additionally, the apartment building will be joined by a 43-story mixed-use office and residential tower under construction at 1111 S. Tyron St. that will comprise 20,000 square …

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts