Development

JFK-Blvd-Jersey-City
DevelopmentFinanceNew JerseyNewsNortheast

Madison Capital Provides $375M Construction Loan for Jersey City Development

by Lynn Peisner

JERSEY CITY, N.J. — Walker & Dunlop has arranged a $375 million construction loan to finance JFK Boulevard, a mixed-use project that will be built in Journal Square in Jersey City. The developer is Nasser Freres. The lender was Madison Realty Capital. The project includes 840 residences, including studios, one-, two- and three-bedroom units. Eighty-four units will be designated as affordable housing. Rent restrictions have not yet been disclosed. The development will also feature approximately 50,000 square feet of retail space anchored by a national organic grocer. An additional 36,522 square …

Continue Reading
0 FacebookTwitterLinkedinEmail
Jeff-Goll-Hillpointe
Affordable HousingDevelopmentIndustry VoicesInvestment SalesOperations

Multifamily Market Moves Past Supply Shock

by Lynn Peisner

By Jeff Goll The headlines on multifamily have not caught up to the data. After two years of being the asset class everyone wanted to disparage, the U.S. apartment market quietly began to rebalance in the first quarter of 2026. New deliveries are collapsing, demand is returning faster than most forecasts expected, occupancy and renewal rates are improving, and the construction pipeline has thinned to a level that effectively guarantees a tighter market for years to come. For well-capitalized developers and operators with discipline and a low-cost basis, the setup …

Continue Reading
0 FacebookTwitterLinkedinEmail
Addison-Grove-Puyallup
Affordable HousingDevelopmentFinanceNewsWashingtonWestern

Great Expectations Secures Financing for Addison Grove in Puyallup

by Lynn Peisner

PUYALLUP, WASH. — Great Expectations, a Seattle-based affordable housing developer, has secured financing to build Addison Grove, a 102-unit affordable housing community in Puyallup, 36 miles south of Seattle. Great Expectations acquired the site in April. A construction timeline has not been disclosed. All units will be rent restricted at 50 and 80 percent of area median income, guaranteed for 60 years. According to the Washington State Housing Finance Commission, the project cost is approximately $34.2 million. Addison Grove was financed without tax credits, instead leveraging a subordinate loan from …

Continue Reading
0 FacebookTwitterLinkedinEmail
Avilla-Foothills-Surprise
ArizonaBuild-to-RentDevelopmentNewsOperationsWestern

NexMetro Opens Avilla Foothills BTR Project in Metro Phoenix

by Lynn Peisner

SURPRISE, ARIZ. — NexMetro Communities has completed and opened Avilla Foothills, a 108-unit build-to-rent development in Surprise, about 28 miles northwest of Phoenix. Avilla Foothills is comprised of single-level homes, some with optional garages, and amenities such as a resort-style pool and hot tub, outdoor kitchen and grills, landscaped open spaces, covered parking, a 24-hour maintenance team, pet parks and no breed or size restrictions for pets.

Continue Reading
0 FacebookTwitterLinkedinEmail
Parks-At-LegacyWest-Plano
DevelopmentNewsTexas

StreetLights Residential Breaks Ground on Luxury Tower in Plano, Texas

by Lynn Peisner

PLANO, TEXAS — Dallas-based StreetLights Residential has broken ground on Parks at Legacy West, a 22-story luxury high-rise at 6501 Legacy Drive in Plano. The development, located within the 100-acre former J.C. Penney headquarters campus, will include 261 one-, two- and three-bedroom units and three adjacent three-bedroom rental townhomes. The retailer was based at the site from 1992 until 2020. Legacy West, a 240-acre mixed-use development, is across the street. Amenities include a three-tiered, resort-style pool with private cabanas equipped with TVs; a sky lounge with dining area, card room, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Choice-Neighborhood-V-Newport-News
Affordable HousingDevelopmentNewsSoutheastVirginia

Pennrose, Partners Break Ground on Final Phase of $120M Newport News Redevelopment

by Lynn Peisner

NEWPORT NEWS, VA. — Construction has begun on the fifth and final phase of the Marshall-Ridley Choice Neighborhood Initiative (CNI) in Newport News. Ridley Place was public housing originally built in 1954 on approximately 18 acres. That community is now being replaced through the CNI, which is a HUD-backed redevelopment plan focused on mixed-income housing, resident services and broader neighborhood investment. Across the phases, Marshall-Ridley CNI leaders leveraged more than $120 million in housing investment. Pennrose’s Phase V, located at 2815 Washington Ave., will add 73 mixed-income units, amenities and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Freddie Mac
Affordable HousingDevelopmentFeaturesFinanceSeniors Housing

Fannie Mae, Freddie Mac Enter Bullish Phase

by Lynn Peisner

By John Nelson Fannie Mae and Freddie Mac are scaling up their multifamily loan production this year while their partner servicers and underwriters are aggressively pursuing new business. The Federal Housing Finance Agency (FHFA), which has been the conservator of the two government-sponsored enterprises (GSEs) since 2008, blew open the annual lending caps for the two agencies this year. The new caps are set at $88 billion apiece, which is a more than 20 percent increase from the 2025 cap and the highest dollar amount allotted by the FHFA since …

Continue Reading
0 FacebookTwitterLinkedinEmail
dulce-vida-Miami
Affordable HousingDevelopmentFeaturesFlorida

Florida’s Live Local Amendments Remove Barriers and Open New Doors for Workforce and Affordable Housing

by Lynn Peisner

By Steve Wernick For years, church-owned land and government parcels sat unused in the middle of Florida’s housing shortage. They were available in theory, but off-limits in practice. Now, through House Bill (HB) 1389, a new round of amendments to the Live Local Act is unlocking that land, limiting local roadblocks and expanding how and where affordable housing can be built across the state. The amendments were approved in March and go into effect July 1. Florida’s housing market continues to gain momentum, and with it comes an opportunity to …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentMassachusettsNewsNortheast

TCB Opens Province Post, Bringing 65 Affordable Units to Provincetown, Massachusetts  

by Lynn Peisner

PROVINCETOWN, MASS. — The Community Builders (TCB) and the Town of Provincetown have opened Province Post, a 65-unit mixed-income community intended to serve the year-round workforce and residents of the Cape Cod resort town. Units are reserved for renters earning from 80 to 30 percent of area median income. Amenities include shared patios, a laundry room, seating areas, bike racks and direct access to a bike path. A variety of sources provided funding, including the Town of Provincetown, MassHousing, the Executive Office of Housing and Livable Communities, Community Economic Development …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Alan-Muncie
Affordable HousingDevelopmentIndianaMidwestNews

Affordable Housing Redevelopment The Alan Opens in Muncie, Indiana

by Lynn Peisner

MUNCIE, IND. — Indianapolis-based developer TWG has opened The Alan, a 120-unit affordable housing community in Muncie. Denver-based STUDIO Architecture designed the property. Located at 2430 W. Kilgore Ave. along the White River, The Alan is a redevelopment of the former Endzone Bar & Grill site. Units are reserved for tenants earning up to 50 to 60 percent of the area median income. The community includes a mix of one-, two- and three-bedroom units. The Alan includes a leasing office, fitness room, community room, bike storage, playground, dog park, garden …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2026 France Publications, dba France Media Inc.