#multifamily-housing

#multifamily-housing

"Are we trying to do nothing? Because it seems like we're doing nothing," a Marblehead resident remarked, drawing laughter from the crowd. His comments reflected frustration over the new zoning plan's limitations.

Plans are underway to convert 40 Exchange Place, a 20-story office building at the corner of Exchange Place and William Street in the Financial District, into 382 rental apartments. The development will include a mix of market-rate and affordable units, along with ground-floor retail space and amenities for residents. According to a Newmark press release, Derby Lane has provided $191.5 million in construction financing, arranged by Newmark, to support GFP Real Estate's office-to-residential conversion at 40 Exchange Place.

A Walnut Creek apartment complex with hundreds of units has been bought by an East Coast real estate firm in a deal that points to sturdy prices for multifamily residential properties in the Contra Costa County city. The 285-unit Hanover Walnut Creek apartment property, located at 3050 Del Hombre, has been purchased for $163 million by a TA Realty affiliate, documents filed on Oct. 7 with the Contra Costa County Recorder's Office show.

The Dwight apartment complex in downtown Berkeley was bought by an East Bay real estate investment firm that seeks to create affordable housing for the region's workforce. An affiliate of Riaz Capital paid $37.8 million for the seven-story building at 2121 Dwight Way, according to documents filed on Sept. 5 with the Alameda County Recorder's Office. The purchase price was about 20% below the property's value in January, as calculated by the Alameda County Assessor's Office.

Casa de Puerto is a miniature-scale multifamily building, consisting of two flexible housing units, located in the port area of Progreso, Yucatan.

The 2,000-plus units of Lee Chang-hee's complex reflect South Korea's middle-class dream of home ownership, often likened to a house with a white picket fence.