Saturday, February 7, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Multifamily

Greenburger-Pull-Quote
Affordable HousingMarket ReportsMultifamilyNew YorkNortheastNortheast Market Reports

A Developer’s Thoughts on Recent Changes to New York Laws Regarding Rent-Stabilized Apartments

by Taylor Williams

By Francis Greenburger, founder, chairman & CEO, Time Equities Inc.  The recent changes to New York laws regarding rent-stabilized apartments, included in the 2024 budget legislation and signed into law by Gov. Kathy Hochul, are a step in the right direction. Unfortunately, the step is so small that the effect will be the same as standing still. Much of the initial commentary on 2024 housing law updates was about the so-called “good cause eviction” provisions, which have little to do with eviction but are instead a rebranding of rent control.  In 2019, the legislature made significant changes to the rules governing rent-stabilized apartments. Most legislators who voted for this bill undoubtedly hoped to help New York State meet its affordable housing needs, but the opposite has happened. Thousands of low-cost, rent-stabilized apartments have since become vacant and remain so. Many of these apartments were occupied by tenants or families for 40 years or more. Apartments require capital investments periodically, and expectations for housing change dramatically over long periods. Renovating these units to meet modern standards requires significant investment, often mandated by housing code. Until the changes, building owners were willing to make these investments because they were permitted to increase …

Continue Reading
FacebookTwitterLinkedinEmail
LoansMultifamilyNorth CarolinaSoutheast

Greystone Arranges $56.3M Refinancing for Multifamily Community in North Carolina

by John Nelson

NEW YORK CITY — New York City-based Greystone has arranged the refinancing of a 288-unit multifamily community located in North Carolina. The name and location of the property were not disclosed. Totaling $56.3 million, the financing includes a $50 million, 10-year Freddie Mac Optigo loan provided by Greystone, as well as $6.3 million in preferred equity provided by Lubert-Adler. Dan Sacks and Harrison Drucker of Greystone originated the Freddie Mac loan, and Matthew Zisler of Greystone secured the preferred equity on behalf of the client. Developed between 2021 and 2022, the property features units in one-, two- and three-bedroom layouts. Amenities at the community include a saltwater pool, dog park with agility equipment, outdoor social lounge and grilling pavilion, complimentary Starbucks Coffee bar, 24-hour fitness center, resident lounge, conference room, cyber café, Amazon Hub package locker, playground and complimentary Wi-Fi.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMidwestMultifamilyStudent HousingWisconsin

CRG Delivers 534-Bed Chapter Madison Student Housing Development in Wisconsin

by Kristin Harlow

MADISON, WIS. — CRG has completed Chapter Madison, a 534-bed student housing development neighboring the University of Wisconsin-Madison. Located in the heart of Madison’s historic Greenbush neighborhood and designed by Lamar Johnson Collaborative, the 10-story project features 165 units in various floor plans ranging from studios to five bedrooms. Amenities include a fitness center, yoga studio, private study spaces and a rooftop terrace. The development also features a cultural exhibit that pays homage to the area’s heritage through murals and a first-floor corridor display. Chapter Madison is fully leased.

Continue Reading
FacebookTwitterLinkedinEmail
10025-W-Dartmouth-Ave-Lakewood-CO
AcquisitionsColoradoMultifamilyWestern

S2 Capital Acquires 201-Unit Dartmouth Woods Multifamily Community Near Denver

by Amy Works

SOUTH LAKEWOOD, COLO. — S2 Capital has purchased Dartmouth Woods, a garden-style apartment property in South Lakewood, a suburb of Denver, for an undisclosed price. Located at 10025 W. Dartmouth Ave., Dartmouth Woods offers 201 apartments in two- and three-story buildings. The buyer will implement interior renovations, including stainless steel appliances, modern lighting, new flooring and updated cabinets, along with extensive renovations to the exterior and amenities space. Dartmouth Woods was built in 1990.

Continue Reading
FacebookTwitterLinkedinEmail
Residences-on-Lincoln-Square-Worcester
DevelopmentMassachusettsMultifamilyNortheastSeniors Housing

WinnCos. Breaks Ground on $51M Seniors Housing Redevelopment Project in Worcester, Massachusetts

by Taylor Williams

WORCESTER, MASS. — WinnCos. has broken ground on Residences on Lincoln Square, a $51 million seniors housing redevelopment project in the central Massachusetts city of Worcester. The project will transform the historic Worcester Boys Club property, which was originally built in 1930 and has been vacant since 2006, into an 80-unit, age- and rent-restricted complex. The existing building will be redeveloped to house 16 units, and a new building will be constructed to house the remaining 64 units. Residences will come in studio, one- and two-bedroom units, with 11 units to be set aside for residents with disabilities. Full completion of the project is slated for 2026. F.W. Madigan Co. Inc. is serving as the general contractor, and Maugel DeStefano Architects is the project architect.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyNew YorkNortheast

Marcus & Millichap Brokers $6M Sale of Brooklyn Apartment Building

by Taylor Williams

NEW YORK CITY — Marcus & Millichap has brokered the $6 million sale of a 48-unit apartment building in Brooklyn’s Bensonhurst neighborhood. The six-story building at 7920 19th Ave., which according to LoopNet Inc. was originally constructed in 1931, houses one- and two-bedroom units. John Brennan and Bryan Ellis of Marcus & Millichap represented the seller and procured the buyer, both of which were local limited liability companies that requested anonymity, in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Briarwood-Hines
DevelopmentMichiganMidwestMixed-UseMultifamilyRetailTop Stories

Hines, Simon Break Ground on Mixed-Use Development at Briarwood Mall in Ann Arbor

by Katie Sloan

ANN ARBOR, MICH. — A joint venture between Hines and Simon Property Group (NYSE: SPG) has broken ground on a mixed-use development at Briarwood Mall, a regional mall in Ann Arbor.  Owned by Simon, Briarwood Mall opened its doors in October 1973. The new mixed-use component of the property, which sits about 2.5 miles south of the University of Michigan, will include a four-story luxury apartment building, Harvest Market grocery store and additional retail space surrounding an activated outdoor plaza.  The partnership has broken ground on the multifamily component of the project. The community will offer 370 units in studio, one-, two- and three-bedroom configurations with in-unit washers and dryers, quartz countertops and smart home technology. Shared amenities for residents will include two open-air courtyards with seating and grilling stations, a private dog run and pet spa, fitness center, golf simulator, club room, lounge, coworking spaces and a 325-stall parking structure.  The development, which is targeting LEED certification, was partially funded through Hines U.S. Direct Investments (HUSDI). Northwestern Mutual provided a loan to facilitate the construction of the project, which is expected to take approximately two years to complete.  “It’s an exciting time for Ann Arbor as we break ground …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentSouth CarolinaSoutheastStudent Housing

Furman University Completes $27.6M Residence Hall in Greenville, South Carolina

by John Nelson

GREENVILLE, S.C. — Furman University has completed the development of Lakeview Hall, a new student housing community at the South Housing area of the university’s campus in Greenville. Amenities at the property, which totals 210 beds, include study spaces, common areas, a laundry facility, full kitchen and offices for the Center for Interpersonal Connections (CIC). McMillan Pazdan Smith and Mackey Mitchell Architects served as architects for the development, with Harper General Contractors acting as the general contractor. Engineers included RMF Engineering, Professional Engineering Associates and ADC Engineering. The new residence hall marks the first phase of a multi-phase project that will also include renovations to older residential buildings within the South Housing portion of the campus. Upon completion, South Housing will total 718 beds for first-year students.

Continue Reading
FacebookTwitterLinkedinEmail
Casona-Grand-Prairie
DevelopmentMultifamilyTexas

Berkadia Arranges Equity for 305-Unit Multifamily Project in Grand Prairie, Texas

by Taylor Williams

GRAND PRAIRIE, TEXAS — Berkadia has arranged an undisclosed amount of equity for Casona, a 305-unit multifamily project that will be located in the central metroplex city of Grand Prairie. Casona will be situated on a 33-acre site at 3800 Robinson Road, with roughly half the acreage to be preserved for walking trails and access to nature. Units will come in one-, two- and three-bedroom floor plans. Physical amenities will include an 11,000-square-foot clubhouse; a resort-style pool with a pavilion with an indoor/outdoor lounge; a trailhead amenity area with outdoor kitchen facilities and pickleball courts; a five-hole “chip & putt” golf course; and a quarter-acre dog park. Cody Kirkpatrick, Noam Franklin, and Chinmay Bhatt of Berkadia sourced the equity from Arizona-based Parse Capital on behalf of the developers, Pivotal Residential and Novu Residential Group. Construction is scheduled to begin before the end of the month.  

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMixed-UseMultifamilySoutheastTennessee

Sentral to Operate 361-Unit Everett Residential Tower at Nashville Yards

by John Nelson

NASHVILLE, TENN. — Residential hospitality operator Sentral has been selected by master developer Southwest Value Partners to manage The Everett, the first of two residential towers to be developed at Nashville Yards, a 19-acre mixed-use project currently underway in Nashville. Amenities at the tower, which totals 361 units in one- and two-bedroom layouts, will include a third-floor deck with a pool, spa, lounge and grilling stations; a pet wash and dog park; fitness center and yoga area; game room; resident bar and coworking space. Move-ins at The Everett are scheduled to begin in December. Upon completion, Nashville Yards will also feature a 591-room Grand Hyatt Nashville hotel, concert venue, office buildings and retail and restaurant space, as well as plazas, courtyards and green spaces.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts