Development

CBRE Arranges $40 Million Construction Loan for New Jersey Mixed-Income Project

by Lynn Peisner January 9, 2026

MORRISTOWN, N.J. — CBRE has arranged a $40 million construction loan on behalf of a developer doing business as Lackawanna Place Morristown Urban Renewal LLC. The loan will fund the development of Morristown Station, a transit-oriented, mixed-income community adjacent to the Morristown stop on the New Jersey Transit System’s train with service to Newark, Hoboken and Manhattan. Morristown is 35 miles west of New York City. Truist Bank was the lender. The community will feature a mix of 76 market-rate and 13 affordable units and 5,111 square feet of ground-floor …

January 9, 2026

Development Finance New York News Northeast

Walker & Dunlop Arranges $867 Million for Office-to-Residential Conversion in Manhattan’s Financial District

by Lynn Peisner January 9, 2026

NEW YORK CITY — Walker & Dunlop has arranged $867 million in financing for an office-to-residential conversion project at 111 Wall Street in Lower Manhattan’s Financial District. The package consists of a $778.6 million construction loan with Apollo Global Management, J.P. Morgan Chase & Co. and TYKO Capital serving as lenders. Walker & Dunlop also advised on the extension of an existing $88.4 million C-PACE loan from Petros that remained in the capitalization. Walker & Dunlop’s team was led by Dustin Stolly, Aaron Appel, Adam Schwartz, Keith Kurland, Jonathan Schwartz, …

January 9, 2026

Affordable Housing Development Investment Sales News Texas

Fairstead Buys Houston Affordable Housing Community Coolwood Oaks for $43.3 Million

by Lynn Peisner January 9, 2026

HOUSTON — Fairstead has acquired Coolwood Oaks in Houston for $43.3 million. Financing included LIHTC equity and loans from a variety of sources including PNC Bank, Houston Housing Finance Corp. (HHFC) and the Texas Department of Housing and Community Affairs (TDHCA). Fairstead is planning a $14 million renovation of the affordable housing community, which consists of 10 buildings and 168 units for households earning no more than 60 percent of area median income. The property was developed in 1984. DNA Workshop will serve as architect and interior designer for the …

January 9, 2026

Development Investment Sales News North Carolina Southeast

Crescent Communities Closes on Land Sale for Suburban Charlotte Development

by Lynn Peisner January 9, 2026

CONCORD, N.C. — Crescent Communities has closed on the land sale for its 21st multifamily development in suburbs of the company’s headquarters city of Charlotte. Concord is about 24 miles northeast of Charlotte’s central business district. RENDER Weddington Ridge will be jointly developed with CP Capital and will include 297 one- and two-bedroom units and such amenities as a pool, a 24-hour self-service package center, a fitness facility, club and game rooms, coworking space and a dog park. Along with CP Capital, Comerica Bank is also a financial partner in …

January 9, 2026

3100-3118-Patrick-Henry-Drive-Santa-Clara

Berkadia California Development Investment Sales News Western

Berkadia Arranges $12.5 Million Land Sale in Silicon Valley

by Lynn Peisner January 8, 2026

SANTA CLARA, CALIF. — JEMCOR Development Partners and Scaled Projects acquired a 2.5-acre site in Santa Clara for $12.5 million on Dec. 18. Jason Parr and Scott MacDonald of Berkadia San Francisco arranged the sale. The site is adjacent to Levi’s Stadium, home of the San Francisco 49ers, and is zoned for high-density residential development within the city’s Patrick Henry Drive Specific Plan Area. The plan was adopted by the Santa Clara City Council in 2022 with the goal to redevelop a series of office parks, some developed in the …

January 8, 2026

Development Midwest Missouri News

Mia Rose Holdings and Partners Break Ground on $57.5 Million Mixed-Use Project in St. Louis Metro

by Lynn Peisner January 7, 2026

WILDWOOD, MO. — Locally based Mia Rose Holdings, along with Ed Kohn and Greenberg Development Co., has begun construction of Wildwood Luxury Living, a 188-unit community in Wildwood, 30 miles west of St. Louis. The developers are planning to deliver 188 luxury apartments with approximately 7,000 square feet of ground-floor commercial and restaurant space. First move-ins are predicted to occur in summer 2027. The project, which includes 7,000 square feet of commercial and retail space, is designed to complement the existing Wildwood Town Center, a mixed-use district. Wildwood Luxury Living …

January 7, 2026

Architecture & Design Development Industry Voices

Rethinking Design in an Age of Smaller Households and Shifting Generational Financial Priorities

by Lynn Peisner January 6, 2026

The conversation around housing affordability has never been more urgent or nuanced. The dominant development narrative often centers on rising costs and supply constraints. But zoom out, and the story becomes one of shifting household demographics, evolving expectations around wellness and a changing definition of what “home” really means. For multifamily developers, investors and architects, these trends demand fresh thinking and bold solutions that can answer the definition of home beyond the traditional meaning. The fourth and latest wave of the America at Home Study, conducted in spring 2025, is …

January 6, 2026

Affordable Housing Development News Texas

High Street Residential Breaks Ground on Dallas TOD

by Lynn Peisner January 6, 2026

DALLAS — High Street Residential (HSR), a subsidiary of Trammell Crow Co., has broken ground on a 394-unit transit-oriented development in Dallas. The project, which has yet to be formally named, is part of a multi-phase conversion of approximately 16 acres of under-utilized surface parking owned by the Dallas Area Rapid Transit (DART) agency. The project is located at the SMU/Mockingbird station. At full buildout, the area will be a pedestrian-friendly, mixed-use neighborhood surrounding the DART station. HSR’s apartment project is expected to be complete by the end of 2027. …

January 6, 2026

Affordable Housing Development Finance New York News Northeast

Gilbane Secures Financing for $193 Million Bronx Affordable Housing Development

by Lynn Peisner January 5, 2026

NEW YORK CITY — Gilbane Development and several project partners have closed on financing for Renova West at 860 Concourse Village East in the Morrisania neighborhood in the Bronx. The $193 million project encompasses a 19-story mixed-use affordable housing development along with a new 7,000-square-foot ICL Bronx Health Hub, which provides physical and behavioral health care. Development partners include the Institute for Community Living (ICL), Tredway, New York City’s Department of Housing Preservation and Development (HPD) and Housing Development Corp. (HDC). The capital stack is comprised of debt and equity …

January 5, 2026

Affordable Housing Development Florida News Southeast

Coral Rock Development to Build $85 Million Workforce Project in Miami-Dade

by Lynn Peisner January 2, 2026

MIAMI — Locally based Coral Rock Development Group has secured a $54 million construction loan from Citibank for Dulce Vida, a 227-unit mixed-income, mixed-use community in Miami’s Allapattah neighborhood. Construction will begin in the first quarter of 2026. A completion date was not disclosed. The total project cost is approximately $85 million. Dulce Vida is a Live Local Act multifamily development. The statewide legislation, adopted in 2023 and updated in 2024, was created to accelerate the building of affordable housing housing near jobs and transit by pairing land-use incentives with …

January 2, 2026

Newer Posts

Older Posts