JERSEY CITY, NJ—WinnCompanies has begun work on a $15.4-million rehabilitation that will preserve 131 units of affordable housing for the next three decades.

PHILADELPHIA—Holliday Fenoglio Fowler arranged $53.426 million in preferred equity and construction financing for the development of 3201 Race Street, a 16-story, luxury high-rise apartment property in Philadelphia's University City neighborhood.

NEWPORT BEACH, CA—Homeownership is not an option for most renters in some highly desired markets such as Los Angeles and Orange County, making these markets prime areas for rental growth, the Mogharebi Group's Alex Mogharebi tells GlobeSt.com <b>EXCLUSIVELY</b>.

SAUSALITO, CA—Roseview-PMRG Fund I LLC, a $250 million discretionary fund formed by PM Realty Group and the Roseview Evergreen Fund, has acquired 1 and 3 Harbor Drive.