News
Chicago Approves $66M in TIF Funding for Office-to-Residential Conversions
The Chicago City Council has approved $66 million in tax increment financing for two vacant downtown office buildings to be redeveloped into apartments as part of the city’s LaSalle Street Reimagined initiative. Funding will come from the LaSalle/Central TIF district and will also include Low-Income Housing Tax Credits and Historic Tax Credits. The approved funding...
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Vulcan Real Estate Opens Seattle Residential Building
Vulcan Real Estate’s newly delivered apartment community, Cascara, is now welcoming new residents. Nestled at the top of the Yesler neighborhood, the 345-unit property comprises two nine-story buildings. As Vulcan Real Estateʼs fourth and largest multifamily development in Yesler, Cascara was built in partnership with the Seattle Housing Authority. Vulcan Real Estate also partnered with...
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NYC Multifamily Sales Up 62% Year-Over-Year in Q1
New York City’s multifamily dollar volume totaled $2.21 billion in the first quarter of 2025, a 62% year-over-year increase with sales largely concentrated in market-rate assets, according to Ariel Property Advisors’ Q1 2025 Multifamily Quarter in Review New York City. Transaction volume rose 5% year-over-year to 269 closed deals. Predominantly market-rate assets accounted for 88% of Q1’s...
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3,700-Bed Student Housing Deal is Sector’s Largest Year-to-Date
Newmark arranged the sale of a five-property student housing portfolio comprising 1,248 units and 3,693 beds across Florida, Texas, Indiana and North Carolina. Terms were not disclosed. The transaction marks the largest student housing portfolio sale in the U.S. year to date, according to Newmark. For The Preiss Company (TPCO), which owned the portfolio in...
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San Antonio Apartment Surplus Spawns Generous Concessions
San Antonio apartment owners are brawling with a glut of units. When that happens, concessions are not far behind. According to MRI ApartmentData, San Antonio delivered 14,500 units in the past year, only absorbing 7,630. That means, besides lower rents, concessions are de rigueur. MRI’s latest survey shows occupancy in San Antonio was 86.3%. The...
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Bonner Carrington, Dominium Ink Major Rental Property Deal
Bonner Carrington and Dominium announced the sale of 12 multifamily, mixed-income, and affordable properties in the Dallas-Fort Worth and Houston metro areas. Bonner Carrington was the seller, Dominium the buyer. The two companies have a decades-long relationship. Dominium has more than 50 years of affordable and market-rate housing experience, with a portfolio of more than...
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Advenir Inks Refi for Orlando Rental Asset
Berkadia originated a $23.2 million loan on behalf of Advenir for the refinancing of Advenir at Magnolia, a 272-unit, garden-style multifamily community located in the Fern Park suburb of Orlando. Charles J. Foschini, Christopher Apone, Lourdes Carranza-Alvarez, and Shannon Wilson of Berkadia Miami originated the loan on behalf of the sponsor. Freddie Mac purchased the five-year,...
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Repurposed Boca Raton Retail Center Adding Apartments
Selig Enterprises plans to knock down some retail properties to build a 341-unit apartment complex at 1401 W. Palmetto Park Road. The company also plans to expand and improve the Publix at the location. No zoning changes were needed because the company used the Live Local Act enacted by the state, which allows developers to...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout