Multi-Housing News

For nearly five decades, Multi-Housing News has delivered detailed news and insights about the key events and individuals influencing the multi-housing sector. Our extensive coverage equips our audience with the knowledge essential for their daily operations and future planning. The readership consists of high-ranking professionals in the multi-housing industry, including CEOs, COOs, CFOs, presidents, chairmen, vice chairmen, principals, partners, owners, senior vice presidents, executive vice presidents, directors, general managers, and builders associated with multi-housing enterprises.

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Braxton Lands $76M Financing for Knoxville Project

2 days ago | multihousingnews.com | Vicentiu Fusea

The HUD loan features a 5.75 percent interest rate. Last year, Braxton Development completed the second phase of Icon Apartment Homes at Hardin Valley, another Knoxville, Tenn., property. Image courtesy of Yardi MatrixBraxton Development has obtained $76 million in construction-permanent financing for the development of Icon Apartment Homes at Lovell Road, a 307-unit project in Knoxville, Tenn.
McGrath Finishes Houston Multifamily

2 days ago | multihousingnews.com | Dees C. Stribling

Artistry Design District, a new development in Houston. Image courtesy McGrath Real Estate PartnersMcGrath Real Estate Partners has completed a 400-unit multifamily development in Houston called Artistry Design District. The four-story property rises in Houston’s Design District, which is north of Memorial Park and I-10. The development offers studio units, one-, and two-bedroom units with nine- to 10-foot ceilings.
AIM Special Report: Methods to Connect With Resident Interests

5 days ago | multihousingnews.com | Suzann Silverman

Esther Bonardi and Izzy Carunungan offer insights into how best to market what renters want most at AIM 2025. Photo credit: Suzann D. SilvermanAttracting residents isn’t only about marketing a community’s most unique features. It also helps to focus on what interests residents the most. And that isn’t always easy to depict.
Tapping Into Potential on the Jersey Shore

5 days ago | multihousingnews.com | Adina Rogoz

(Left to right) Sonja Pavlovic and Roy Stillman. Images courtesy of Stillman Development International and Christie’s International Real Estate Group, respectivelyAlthough traditionally reserved for single-family homes, Long Branch, N.J., is rapidly emerging as one of the Northeast’s most desirable beachfront destinations for luxury condominium living.
PCCP Seals $541M Bay Area Portfolio Deal

5 days ago | multihousingnews.com | Claudiu Tiganescu

Among the assets that traded was 257 Vernon St., an 88-unit community in Oakland, Calif. Image courtesy of Yardi MatrixPCCP has acquired a 1,770-unit Bay Area portfolio from Veritas and Ivanhoé Cambridge in a $540.5 million deal, according to The Registry. Wells Fargo and Deutsche Bank issued a $430 million acquisition loan, public records show. This marked the largest Bay Area multifamily deal of the year so far, as reported by San Francisco Business Times.
North Palisade Partners Lands $55M for Los Angeles Facility

5 days ago | multihousingnews.com | Maria Maruta

This is one of the largest financing packages for a single-asset self storage property in Southern California. The storage facility on Randolph Street is one of the largest of its kind in Los Angeles. Image courtesy of North Palisade PartnersNorth Palisade Partners has obtained $55 million for the refinancing of its 3,039-unit self storage facility at 1920 Randolph St. in Los Angeles.
Brooklyn Mixed-Use Project Lands $166M Construction Loan

6 days ago | multihousingnews.com | Gail Kalinoski

The community will have quick access to a nearby subway terminal. A rendering of 280 Bergen St. The mixed-use community will be located in Brooklyn’s Boreum Hill neighborhood.
Tredway Pays $88M for Queens Affordable Community

6 days ago | multihousingnews.com | Vicentiu Fusea

Following the purchase, the 602-unit property became rent-stabilized. The two-building community will undergo multiple renovations, including structural repairs, roof replacement and extensive waterproofing. Image courtesy of TredwayTredway has paid $88 million for Ocean Park Apartments, a 602-unit fully affordable housing community in Far Rockaway, N.Y. Related Cos. previously owned the asset, according to Yardi Matrix information.
Sterling Equities Opens Long Island Storage Facility

6 days ago | multihousingnews.com | Maria Maruta

The facility will operate under the CubeSmart brand. Construction at the storage facility in Farmingdale broke ground early last year. Image courtesy of Sterling EquitiesSterling Equities has opened its latest self storage facility in Farmingdale, N.Y. The 115,000-square-foot property will operate under the CubeSmart brand. Construction for the development began early in 2024.
Fed Keeps Rates Level, but Uncertainties Multiply

1 week ago | multihousingnews.com | Gabriel Frank

Federal Reserve Chair Jerome Powell answers questions at the May 7 press conference. Screenshot by Gabriel FrankAt the end of its third meeting of the year, the Federal Reserve Open Markets Committee decided again on Wednesday to keep interest rates level. Sitting at 4.25 to 4.5 percent, the current rate is the lowest since December 2022. The widely expected pause follows a strong labor market report and consistent declines in inflation since January.