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: Retail Sales Up in May
The Census Bureau reported that U.S. retail and food sales in May were up 0.3 percent compared with April, adjusted for seasonal variation and holidays, but not for price changes (though inflation is still pretty low).
Sharbell to Expand NJ Seniors Condo Development
Montage at Hamilton, an 180-unit multifamily seniors development in central New Jersey, is on the verge of expanding with the addition of another building.
BSB Design Extending Their Reach
In April of 2013, BSB Design announced a strategic leadership transition by naming Dan Swift, AIA, the new president and CEO of the design firm.
CPPIB and Hermes Agree to Forward-Purchase London’s South Bank Tower
Canada Pension Plan Investment Board (CPPIB) and UK asset manager Hermes Real Estate have agreed to acquire part of London’s mixed-use South Bank Tower from a joint venture comprised of Jadwa Investment and developer CIT Group.
New Joint Venture Between PREI and AP3 Acquires $360 Million Worth of German Retail Assets
A new joint venture was recently set up between Prudential Real Estate Investors and the Third Swedish National Pension Fund, AP3, with the object of the partnership being the investment in retail properties throughout Germany.
Transwestern Report Offers Outlook for Economic Recovery
In its latest report, Transwestern warns that the economy may not be growing as fast as some people think it is, and despite positive signs in the U.S. job market, there is a growing concern that the recovery is in a stall.
Economy Watch: Service Sector Revenues Mixed in Q1
The Census Bureau reported that U.S. service sector revenues increased for certain industries in the first quarter of 2014 compared with the previous quarter, such as information services, utilities and finance and insurance.
PRG Acquires Raleigh Apartment Community
PRG Real Estate has acquired Clarion Crossing Apartments in southwest Raleigh, N.C.
NAREE Special Report: Kelly Ranks Top 10 Issues for Real Estate
Hugh Kelly, chair of The Counselors of Real Estate, offered the organization’s annual list of the top 10 issues affecting real estate as the opening speaker for the National Association of Real Estate Editors’ 48th annual Real Estate Journalism Conference.
CORT Names David Schwehm Group Vice President of Sales
CORT, a Berkshire Hathaway Company, today announces that David Schwehm has joined the company as group vice president of sales.