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: Consumers Feeling Better
The University of Michigan reported that its consumer sentiment index edged up to 82.5 at the end of June, compared with a mid-June reading of 81.2 and an end-of-May reading of 81.9.
Mexican Company ICA Increases Presence in the United States with Acquisition of the Facchina Construction Group
Empresas ICA, S.A.B. de C.V., the largest infrastructure and construction company in Mexico, announced the completion of the acquisition of the Facchina Construction Group (“FCG”) in the United States.
MHN Interview: Alan Missen, CIO, FirstService Residential
FirstService Residential is the largest third-party manager of homeowner’s associations in the United States. Alan Missen, CIO, FirstService Residential, talked to MHN about the various apps FirstService Residential is developing and how they hope to make the HOA experience more mobile-friendly for everyone involved.
Economy Watch: Personal Income, Spending Up in May
The Bureau of Economic Analysis reported that U.S. personal income was up $58.8 billion, or 0.4 percent, in May compared with April.
Keeping the Faith in Philly: Barzilay Develops Apartments Within a Church
Try to convince Barzilay Development founder and CEO Alon Barzilay that someone should preserve and redevelop Philadelphia’s historic structures, and you’d surely be preaching to the choir. Barzilay has announced his company’s Sanctuary Lofts, an apartment project built within a 125-year-old church, is now available for lease.
Banner Apartments Begins Work on Downtown Raleigh Apartments
Banner Apartments and Metropolitan Investment Partners have broken ground on The Lincoln, an apartment development in downtown Raleigh, N.C. The 224-unit project occupies a full city block and is near the Fayetteville Street CBD.
London’s West End Office Market Ranks First in CBRE’s Occupancy Costs Study
The title of world’s highest-priced office market is staying in the capital of the United Kingdom, while three of the top five markets are located in Asia, confirming the area’s recent rise to power in terms of office space, the latest CBRE Global Research and Consulting survey shows.
Citi Acquires East Tower at One Bay East for $700 Million in Hong Kong’s Largest Ever Office Purchase
CBRE recently announced its participation in the largest office tower purchase in the Hong Kong office market.
PRG Real Estate and WVS Companies Team on Roanoke Apartment Development
PRG Real Estate and WVS Companies have teamed to develop South16, a contemporary apartment building in Roanoke, Va., located in the epicenter of the city’s 110-acre riverfront redevelopment project.
Economy Watch: GDP Drops Through Floor in Q1
Real gross domestic product decreased at an annualized rate of 2.9 percent in the first quarter of 2014 according to the third and final estimate by the Bureau of Economic Analysis.