Jessica Fiur is the editor-in-chief at Multi-Housing News and Commercial Property Executive and writes the award-winning blog What Renters Want.
Jessica has been with the company since 2011 and previously was with Weekly Reader and IQPC. Contact Jessica at jessica.fiur@cpe-mhn.com, on Twitter @jfiur or on LinkedIn https://www.linkedin.com/in/jessicafiur/.
Economy Watch: A Look at the Slip in Construction Spending
The Census Bureau reported that U.S. construction spending dropped in November.
West Hollywood Apartments Sell for Nearly $4M
Two fully occupied and adjacent apartment properties in the city of West Hollywood, which is in Los Angeles County, have traded hands.
Peak Campus Management to Manage Purpose-Built Student Housing at Western Illinois University-Quad Cities
Peak Campus Management has been selected to manage The Mills at Riverbend Commons, adjacent to the Western Illinois University-Quad Cities campus in Moline, Ill.
Economy Watch: Pending Home Sales See Uptick
The National Association of Realtors’ Pending Home Sales Index—a forward-looking indicator based on contract signings—was up 0.8 percent to 104.8 in November from 104.0 in October.
Hunt Mortgage Group Hires Cary Brownley as Director
Hunt Mortgage Group announced it hired Cary Brownley as director to help expand its FHA lending platform. Brownley will lead FHA multifamily and healthcare loan closings for the entire firm.
RealtyTrac Reports Distressed Condo Sales Continue to Drop
The percentage of distressed condo sales nationwide continues to drop, according to a year-end report by RealtyTrac.
MassHousing’s Loans Benefit Lynn, Mass., Seniors Housing
MassHousing loans totaling $16.4 million will make large-scale property renovations and the extension of affordability possible at St. Stephen’s Tower, a 130-unit community for seniors in Lynn, Mass.
Economy Watch: Case-Shiller Reports Residential Price Deceleration
According to S&P on Tuesday, the Case Shiller U.S. National Home Price Index recorded a 4.6 percent gain in October 2014 compared with a year earlier.
NeighborhoodWorks America Promotion
NeighborhoodWorks America just announced the promotion of Paul Weech as new president and CEO effective January 22.
EdR Promotes Matt Fulton and Scott Jones
EdR announced the promotions of two tenured employees: Matt Fulton is promoted from vice president, operations to senior vice president, operations; and Scott Jones is promoted from director of information technology to vice president of information technology.