Multifamily commercial real estate news and analysis.
In a surprising turn of events, New York Mayor Zohran Mamdani and President Donald Trump have convened to discuss the revival of the Sunnyside Yards housing project, potentially unlocking a massive new inventory of affordable residences in Queens.
A New York City-based multifamily specialist has added three adjacent walk-up buildings on West 96th Street to its holdings, continuing a strategy of concentrated neighborhood investment in Manhattan's residential corridors.
Twin Group Associates seeks to capitalize on the shifting dynamics of Lower Manhattan by converting a six-story commercial property into residential units, further cementing the area's evolution from a strictly business-centric hub.
JGK Real Estate Holdings has divested a pre-war residential property in Manhattan's SoHo neighborhood, securing $23.4 million from a corporate buyer linked to a Brooklyn-based management firm.
In a significant move within the Los Angeles multifamily sector, TruAmerica Multifamily has acquired a 60-unit luxury apartment community in Brentwood for $49.4 million. The transaction, brokered and financed by Institutional Property Advisors, highlights continued investor appetite for high-quality assets in prime Westside submarkets.
Fortress Investment Group provided a $96 million refinancing for Cityview's Jasper apartment building in Downtown Los Angeles, a 296-unit property that opened in 2023 amid a wave of new multifamily deliveries.
Oak Funding and OakNorth Bank financed Bushburg Properties' acquisition of 100 William Street, a 21-story tower bought from Manulife at less than half its prior sale price, for conversion into over 400 residential units.
Chicago-based Waterton acquired the Misora apartment community from Federal Realty Investment Trust for approximately $701,000 per unit, with plans to renovate all 212 residences in Silicon Valley's premier mixed-use district.
The Falls of Bonaventure, a 300-unit apartment complex in Weston, Florida, sold to a Canadian investor and affordable housing nonprofit for roughly $168,000 per unit — a fraction of new construction costs in Broward County.
Over $1 billion in multifamily financing and acquisitions have closed across South Florida since late 2025, with developers racing to meet demand in Miami-Dade, Broward, and Palm Beach counties.