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/.
NWP Regulatory Update: Ohio & Connecticut
The Ohio Legislature has two more weeks of regular sessions before they close up shop for the year. It is possible that the legislature may reconvene for a Special Session in June, if necessary. Additionally, the Connecticut Public Utilities Regulatory Authority has requested comments to their Draft Electric Submetering Rules due on May 15, 2014.
Economy Watch: Existing Homes Sales Rise in April
The National Association of Realtors reported that total existing-home sales rose 1.3 percent in April to an annualized rate of 4.65 million units, compared with 4.59 million units in March.
Prism Puts Penthouse Units on Market
Prism Capital Partners, in its efforts to lease units at Parkway Lofts, its new redevelopment in Bloomfield, N.J., has unveiled the property’s one-bedroom penthouse apartments. The penthouses measure 814 square feet and include views of Manhattan or the Watchung Mountains.
Oberoi Realty Announces Partnership with The Ritz-Carlton for Iconic M-U Worli Development
The Ritz-Carlton Hotel Company recently signed a long-term management agreement with Oasis Realty, a joint venture between Oberoi Realty and Sahana Group, to open the first Ritz-Carlton in Mumbai, the entertainment, commercial and financial capital of India.
Two Chinese Residential Projects Get $60M Investment from Century Bridge Capital
Century Bridge Capital is investing approximately $60 million in two separate joint ventures dealing with residential projects taking shape in the Chinese cities of Zhongshan and Wuxi.
MIPIM Special Series—Part One: Shared Buildings and Spaces
The second issue of the Cahiers de la Chaire Immobilier et Développement Durable (The Real Estate and Sustainable Development Chair Notebook), released during MIPIM’s 25th anniversary convention, tends to debunk a number of stereotypes related to the practice of sharing urban property.
Why Florida is Looking Favorable for Multifamily
Cortland Partners recently entered the Florida market with the $40 million purchase of Harbor at Lake Howell, a 408-unit, garden-style community in Orlando. MHN talks to John Builder, director of investments for Cortland Partners, about why taking on Florida is key strategic move for the development company.
Ballymore Seeks JV Partner for £2B ($3.4B) Residential Development Portfolio in London
By Adriana Pop, Associate Editor London—International property development company Ballymore has launched the search for a joint venture partner to finance and develop three large-scale residential projects in East London. Lazard and CBRE are advising the company in the selection process, Ballymore announced. Located at Canary Wharf, Leamouth and Nine Elms, the new developments will bring a total of 3,000 new residential units and 250,000 square feet of commercial, leisure and office space. Ballymore will act as development manager for the projects, which have a gross development value of about £2 billion (nearly $3.4 billion). At a waterside location in…
Salvo Property Group Develops $259M MF Tower in Melbourne
Salvo Property Group, a leading Australian development company focused on developing affordable luxury properties, has appointed Brookfield Multiplex to design and construct Platinum Tower, a $259 million (AUD 280 million) multifamily tower in Melbourne.
Resmark Partners with Westfield and Greystar on North Phoenix Apartments
Resmark Apartment Living has partnered with Westfield and Greystar to develop Deer Valley, a 344-residence apartment community in Desert Ridge, Ariz.