Jeffrey Steele

Chicago

Among the busiest Chicago-based freelance writers for more than a quarter century, my articles have appeared in Chicago and national media 4,000 times.

Articles

Bayshore Properties Refinances Suburban Chicago Property

3 weeks ago | multihousingnews.com | Jeffrey Steele

The funds preserved the community's affordable units. Terraces of Elk Grove, refinanced through Freddie Mac’s preservation program. Image courtesy of Yardi MatrixBayshore Properties closed on a $58.6 million refinancing loan for Terraces of Elk Grove, a 427-unit garden-style apartment community located in the northwest Chicago suburb of Elk Grove Village, Ill.
JV Tops Off North Miami Beach Tower

3 weeks ago | multihousingnews.com | Jeffrey Steele

Foreign investors in the project are eligible to receive lawful permanent resident status. A rendering of Nexo Residences, expected to finish construction next year. Rendering courtesy of Fortune International GroupA joint venture between Fortune International Group and Blue Road have topped off Nexo Residences in North Miami Beach, Fla., a 16-story 254-unit, short-term rental condominium tower that has been designed for flexible use.
Side Hustles Take Offices Buildings Beyond 9-To-5

4 weeks ago | forbes.com | Jeffrey Steele

Bankrate report from July of last year revealed about one-third of Americans are working a side hustle, with the Millennial and Generation Z cohorts the most likely to be pulling extra hours at a second job. By the time a more recent survey of side hustles was revealed by MarketWatch in April, it appeared the portion of Americans toiling at part-time second jobs had surged to half, with 72% of Generation Z and 62% of Millennials logging overtime at jobs that weren’t their primary vocations.
JV Opens New Brooklyn Mixed-Use

4 weeks ago | multihousingnews.com | Jeffrey Steele

Longview, the latest mixed-use project to open in Gowanus. Image courtesy of Quinlan DevelopmentA joint venture between Quinlan Development Group and GTIS Partners has opened Longview, the partners’ mixed-use community located at the intersection of Park Slope and Gowanus in Brooklyn, N.Y. With an address at 380 4th Avenue, the 17-story, development includes 197 residences, 30,000 square feet of amenities and 14,000 square feet of retail space. GTIS Opportunity Fund I capitalized the project.
Taylor Morrison Breaks Ground Outside Las Vegas

1 month ago | multihousingnews.com | Jeffrey Steele

The community is being built within a nearly 23,000-acre master-planned urban district. Groundbreaking of The Esplanade at Red Rock. Image courtesy of Taylor MorrisonTaylor Morrison has broken ground on Esplanade at Red Rock, a 400-unit single-family rental community located on the western edge of Las Vegas. Upon completion, the community will be part of Summerlin, a 22,500-acre master-planned, mixed-use neighborhood.
Advocacy By Architecture Firms Fighting Climate Change

1 month ago | forbes.com | Jeffrey Steele

With federal funding to fight climate change in jeopardy, it may be architecture and landscape architecture firms, along with the associations that represent them, that will be increasingly counted upon to rise to the challenge of advancing the fight. As of this writing, funds for greenhouse gas reduction remain frozen while court proceedings are ongoing.
New Developments Step Up Amid Brooklyn Leasing Surge

1 month ago | forbes.com | Jeffrey Steele

The Corcoran blog Inhabit for March 2025 held interesting tidbits for Manhattan and Brooklyn renters. Manhattan witnessed a 7% decrease annually in new lease signings, while Brooklyn’s leasing velocity in March skyrocketed 49% compared to the month-earlier period. Moreover, Brooklyn leasing velocity soared 17% year over year, the highest figure reached since 2021.
PMG Unveils Brooklyn Mixed-Use Development

1 month ago | multihousingnews.com | Jeffrey Steele

The project included an 80-block rezoning effort. Society Brooklyn, which lines the Gowanus canal.
Yesteryear’s Industrial Sites Become Today’s Economic Engines

1 month ago | forbes.com | Jeffrey Steele

New York City’s Brooklyn Shipyard was once known as the “Can Do Shipyard,” based on its reputation for rapid ship production and repair during World War II. Pennsylvania’s Bethlehem Steel forged steel girders used in erecting the Golden Gate Bridge and Empire State Building. Kansas City, Kan.-based Fairfax Industrial District was where World War II B-25 bombers were cobbled together.
Charlotte-Area BTR Changes Hands

1 month ago | multihousingnews.com | Jeffrey Steele

Well-situated BTR communities continue to attract institutional capital in North Carolina. Poplin Trace is a 99-unit, two-story townhome property. Photo courtesy of BerkadiaPoplin Trace, a townhome property in the Charlotte suburb of Indian Trail, N.C., has been sold by Arizona-based Belleview to an undisclosed buyer. Berkadia arranged the transaction on behalf of the seller. Poplin Trace stood at 93 percent occupancy at the time of the transaction’s consummation.

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