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Multifamily Market

Canada Global, Flow Nab $51M Loan For El Portal Dev Site
South Florida
Mar 17, 2025

Adam Neumann’s Flow nabs $51M loan for $71M El Portal site purchase, partners with Canada Global on mixed-use development

After winning court auction for 16 acres, Adam Neumann’s firm formed JV to develop project with 2,380-plus apartments
How Chicago Landlords Raised Rents Past New Milestone
Chicago
Mar 16, 2025

How Chicago landlords raised rents past new milestone

Plus, Salesforce Tower lands massive CMBS loan, the city cracks down on more negligent real estate debtors and more Chicagoland real estate news
PPG Development, BH3 Nab Refi for Slate Hallandale Beach
South Florida
Mar 14, 2025

PPG, BH3 score $225M refi for Hallandale Beach apartment tower, as lending still flows in South Florida 

JP Morgan Chase and Monroe Capital provided financing for 26-story, 250-unit project completed in 2022
Lewis Swezy Plans Low-Income Seniors Project in Miami-Dade
South Florida
Mar 14, 2025

Lewis Swezy plans age-restricted low-income apartment project in Miami-Dade, as developers target affordable housing

Six-story, 80-unit building will be built near Earlington Heights Metrorail stop on Airport Expressway
Zell Kravinsky Buys Suburban Chicago Apartments
Chicago
Mar 14, 2025

Zell Kravinsky snags Algonquin rentals for $19M after FPA’s distress play

Suburban Chicago property bought out of distress in 2018 by Greg Folwer’s San Francisco-based multifamily giant headed to investor landlord
A&E Finally Takes Full Control of UES Rental Building
New York
Mar 13, 2025

A&E finally takes over Soloviev’s UES luxury rental building

$116M purchase of 179-unit Rivers Bend building comes after legal drama
TM Real Estate Nabs Construction Loan for Boynton Rentals
South Florida
Mar 13, 2025

TM Real Estate scores $54M construction loan for 250-unit Boynton Beach complex, amid South Florida multifamily supply overhang 

City commission approved project in 2022
Lease Rates Plummet for Chicago Housing Voucher Holders
Chicago
Mar 13, 2025

Lease rates plummet for Chicago housing voucher holders

Discrimination, low inventory, bureaucratic red tape are among the hurdles
BH3 adds 200-plus units to its planned two-tower DNA project in Fort Lauderdale’s Flagler Village
South Florida
Mar 12, 2025

BH3 adds 200-plus units to its planned two-tower DNA project in Fort Lauderdale’s Flagler Village

Developer now proposes 844 units, up from 612
Russell Galbut, GFO Investments Plan Live Local Act Project
South Florida
Mar 12, 2025

Russell Galbut plans 410-unit Live Local Act project in Miami-Dade, amid rush on state workforce housing law 

Developer is partnering with neonatology and neonatal specialist Dr. Jorge Perez
The Howard Hughes spinoff Reverses Course on 250 Water
New York
Mar 12, 2025

Howard Hughes spinoff reverses course on 250 Water Street

Seaport Entertainment Group lists site after years of legal wrangling
Wells Fargo Sues JPMorgan Over $481M Loan
National
Mar 11, 2025

Wells Fargo sues JPMorgan, Meyer Chetrit over $481M allegedly inflated mortgage

Lawsuit: Lender knew of inflated numbers but went ahead with loan anyway
Downtown Chicago Apartment Rents Reach New Peak
Chicago
Mar 11, 2025

Downtown Chicago apartment rents reach new peak as supply craters

Average monthly rate crosses $3,000 threshold for first time
Pérezes’ Related Plans South Miami Live Local Act Project
South Florida
Mar 11, 2025

Related proposes 390-unit Live Local Act project for South Miami public housing redevelopment 

Firm plans 11-story building on a 3.3-acre site
Developer Dan Ainuz Plans Miami-Dade Live Local Act Project
South Florida
Mar 10, 2025

Developer plans 163-unit Live Local Act project near West Little River, amid flurry of proposals under state law

It would be residential investor Dan Ainuz’s first commercial real estate venture
Savanna Lands $380M Construction Loan for Olara in West Palm
South Florida
Mar 7, 2025

Savanna lands $380M construction loan for Olara in West Palm

26-story, two-tower waterfront apartment and condo complex broke ground in August, follows luxury wellness trend
Extell Sells UES Parcel to Chess Builders for $50M
New York
Mar 7, 2025

Cheskel Schwimmer’s Chess Builders buys UES parcel from Extell for $50M

Developer plans 99-unit development at East 86th Street site
Swerdlow Group Plans 5,000-Plus Affordable Units in Miami
South Florida
Mar 7, 2025

Swerdlow proposes replacing Miami public housing complexes with 5,000-plus apartments with affordable, workforce units 

Residents at Victory Homes, Newberg, Gwen Cherry 22, Gwen Cherry 06 and New Haven Gardens will be able to move to new developments
Bascom pays $500K per unit for Palos Verdes multifamily
Los Angeles
Mar 6, 2025

Bascom pays $500K per unit for Palos Verdes multifamily

Half-century-old apartment complex goes for $127M
Fern Hill scales down West Loop housing tower plan
Chicago
Mar 6, 2025

Fern Hill scales down West Loop housing tower plan

Developer pitching 27-story condos-and-rentals project with community center