Author

Lynn Peisner

The-Grove-at-Piscataway
Company NewsInvestment SalesNew JerseyNewsNortheast

Former Gebroe-Hammer Execs Launch Advisory Firm, Close First Deal

by Lynn Peisner

WEST ORANGE, N.J. — David Oropeza and David Jarvis, former executives at Livingston, New Jersey-based brokerage firm Gebroe-Hammer, have founded ICON Real Estate Advisors. The new multifamily investment sales firm has arranged its debut transaction with the $35.1 million trade of The Grove at Piscataway, a 110-unit property in Piscataway. The asset, developed in 2020, was 100 percent occupied at the time of the sale. ICON represented the undisclosed seller in the deal and sourced a buyer that was completing a 1031 exchange. Oropeza spent 38 years at Gebroe-Hammer Associates. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Marlowe-Natomas-Sacramento
CaliforniaDevelopmentNewsWestern

Greystar, PGIM Break Ground on Marlowe Natomas in Sacramento

by Lynn Peisner

SACRAMENTO, CALIF. — Greystar and PGIM have begun development of Marlowe Natomas, a 378-unit community located at 3580 North Freeway Blvd. in the Natomas neighborhood of Sacramento. Situated on approximately 13 acre, Marlowe Natomas will feature three-story, garden-style buildings containing a mix of one-, two- and three-bedroom floor plans complemented by amenities such as a resort-style pool with covered grilling stations, a shaded yoga lawn, pickleball court, fire pit, a pet run, rentable electronic bikes, a fitness center, private work spaces, a conference room, golf simulator and pet-washing facilities. The …

Continue Reading
0 FacebookTwitterLinkedinEmail
Myles-Brown
Affordable HousingArchitecture & DesignIndustry Voices

How Smart Design Can Deliver Quality and Savings in Affordable Multifamily Projects

by Lynn Peisner

By Myles Brown It’s no secret that building affordable housing comes at a premium. In the Northeast, where I work, and across the country, development costs for affordable units typically run 20 percent to 30 percent higher than those for market-rate apartments. Why? The answer lies in a combination of factors, but the primary reason is that complex funding structures often bring specific regulations, design requirements and labor mandates that drive up both soft and hard costs. Yet, in our experience designing multifamily projects, affordability doesn’t have to come at …

Continue Reading
0 FacebookTwitterLinkedinEmail
Render-Tucker
DevelopmentGeorgiaNewsSoutheast

Crescent Communities Breaks Ground on RENDER Tucker

by Lynn Peisner

TUCKER, GA. — Crescent Communities has begun construction of RENDER Tucker, a four-story community 20 miles northwest of Atlanta. RENDER Tucker is situated on 13 acres and contains 312 units. The project will include an entry park and arrival lawn, a clubhouse, hammock zones and swings, a pool, a fireplace and fire pit, a dog park, grills and a community garden. Completion is slated for summer 2027. Chuo Nittochi Group is serving as the equity partner on the project, and Santander Bank is the lender. Additional partners include Focus Design …

Continue Reading
0 FacebookTwitterLinkedinEmail
Book-Cliffs-Lodge-SLC
Affordable HousingDevelopmentFinanceNewsUtahWestern

Salt Lake Housing Authority Breaks Ground on Book Cliffs Lodge

by Lynn Peisner

SALT LAKE CITY — The Housing Authority of Salt Lake has obtained a HUD loan for approximately $10.2 million for the development of Book Cliffs Lodge, a 55-unit affordable housing community that has been in the planning phases for several years. Construction has begun. A completion date has not been disclosed. JLL Capital Market’s Anson Snyder and Chris Gandy arranged the financing. Book Cliffs Lodge will be a four-story building with one-bedroom units in various sizes that will serve tenants earning between 30 and 80 percent of area median income. …

Continue Reading
0 FacebookTwitterLinkedinEmail
La-Ostra-Inwood
Affordable HousingDevelopmentNew YorkNewsNortheastOperations

New York City Selects Development Team for 600-Unit Affordable Housing Project in North Manhattan

by Lynn Peisner

NEW YORK CITY — The New York City Department of Housing Preservation and Development (HPD) has selected Slate Property Group, Xenolith Partners and Communilife to develop La Ostra on a vacant lot in Inwood, the northern-most neighborhood in Manhattan. The project will include 600 units, 200 of which will be reserved for seniors. All apartments will offer affordable rents. Specific income restrictions were not disclosed. The developers will also build a marine science and STEM education center that will be operated by the Billion Oyster Project, a nonprofit founded in …

Continue Reading
0 FacebookTwitterLinkedinEmail
520-W.-Stratford-Place-&-525-W.-Cornelia-Ave-Chicago
IllinoisInvestment SalesMidwestNews

JAB Real Estate Buys Vintage Chicago Property for $14M

by Lynn Peisner

CHICAGO — Interra Realty has arranged the $14 million sale of a 50-unit multifamily property in Chicago’s Lakeview neighborhood. Interra’s Joe Smazal represented the buyer, JAB Real Estate. Smazal also represented the confidential seller. This is the first time the asset, built in 1927, has traded hands in 20 years. The community features 13 studio, 24 one-bedroom, one three-bedroom and six four-bedroom layouts. Recent renovations to some units include hardwood flooring, updated bathrooms and new kitchens with granite countertops and stainless-steel appliances. Residents also have access to an on-site fitness …

Continue Reading
0 FacebookTwitterLinkedinEmail
District-Norfolk
Affordable HousingBerkadiaFeaturesFinance

Can Loan Originations Sustain Momentum in 2026?

by Lynn Peisner

By Joe Gose Lenders and mortgage bankers entered 2025 unsure how busy they would be. From President Trump’s seesawing tariff messages that ramped up market volatility to weak fundamentals in oversupplied Sun Belt markets, their misgivings were well-founded. A sluggish start to the year cast a shadow over whether the government sponsored agencies (GSEs) of Fannie Mae and Freddie Mac would hit their multifamily loan purchase caps of $73 billion each. But financings eventually gained momentum among the GSEs as well as life insurance companies, commercial mortgage-backed securities (CMBS) lenders …

Continue Reading
0 FacebookTwitterLinkedinEmail
Boston Bay Dorchester
Affordable HousingDevelopmentInvestment SalesMassachusettsNewsNortheast

HVPG Acquires, Will Rehab Two Boston Properties for $52.5M

by Lynn Peisner

BOSTON — New York City-based affordable housing firm Hudson Valley Property Group (HVPG) has acquired Boston Bay and Hope Bay, two adjacent affordable housing communities in the Dorchester neighborhood of Boston. The deal marks HVPG’s first in Massachusetts. The properties, located at 205 Magnolia St. (Boston Bay) and 5 Norwell St. (Hope Bay), consist of 20 buildings across two sites originally constructed between 1890 and 1920. Total project costs related to this preservation project are approximately $52.5 million, funded with a Fannie Mae loan provided by KeyBank. HVPG is planning …

Continue Reading
0 FacebookTwitterLinkedinEmail
Oxbow-Hill-Country-Boerne
Investment SalesNewsTexas

Oxbow Hill Country in Boerne, Texas, Sells to Steadfast Cos.

by Lynn Peisner

BOERNE, TEXAS — Brixton Capital, based out of Solana Beach, California, has sold Oxbow Hill Country in Boerne, a city 31 miles northwest of San Antonio. The buyer was Irvine, California-based Steadfast Cos. The 172-unit property was built in 2003 and features 132,736 rentable square feet across 6.8 acres. The garden-style community includes nine buildings with a unit mix ranging from one- to three-bedroom floor plans. The property was 92 percent occupied at the time of the sale. More than 80 percent of units remain in original condition since construction. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.