Multifamily commercial real estate news and analysis.
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.