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/.
Philip Watkins Joins Megalith Capital Management as Principal
Megalith Capital Management, a residential real estate owner and developer focused on investments in New York City and urban, supply-constrained markets, announced that Philip Watkins has joined as a principal.
7×7 Development Acquires Site for SF Condos
7×7 Development has acquired 388 Fulton St., one of the last remaining undeveloped parcels in San Francisco’s Hayes Valley neighborhood. Plans for the corner site two blocks west of City Hall call for a 69-unit condo building with retail on the ground floor.
MHN Interview: The Michaels Organization on Its New Affordable La. Communities
The Housing Authority of Shreveport, La., and The Michaels Org. recently opened an affordable community called Cypress Landing, and also broke ground on another affordable community called Renaissance at Allendale. MHN talks to The Michaels Org.’s lead developer on these projects, Milt Pratt, about why these apartments are important for the community.
Deco Communities Proceeding With Midtown Phoenix Condo Development
The locally based Deco Communities has acquired 2346 N. Central Ave. in Midtown Phoenix, which is currently occupied by a 23,000-square-foot office building. The company paid $2.35 million for the site, and plans to develop condos there.
CPC Receives $200 Million to Finance New York State Housing
The New York State Common Retirement Fund has committed $200 million in new funding to the Community Preservation Corporation.
Economy Watch: Initial Unemployment Claims Reaches Another Low
Initial unemployment claims came in at an annualized 304,000, an uptick of 2,000 from the previous week’s revised level, according to the U.S. Department of Labor on Thursday. Last week the weekly claims rate was at a post-recession low.
Prologis Japan Inks Big Prelease for In-development Osaka Facility, Nabs Two Awards for Its REIT
Prologis recently inked agreements for a large amount of space at one of its development projects. The company also received two awards for its Nippon Prologis Real Estate Investment Trust from Thomson Reuters DEALWATCH AWARDS 2013 and Capital Eye.
Bouwinvest Acquires 300 High-End Rental Apartments in Iconic Amsterdam Tower
Bouwinvest REIM, one of the largest Dutch investment managers specialized in real estate, has recently announced the acquisition of 300 high-end rental apartments in The Pontsteiger. The investment is for Bouwinvest’s €2.6 billion ($3.6 billion) Institutional Residential Fund.
Cadillac Fairview Plans Massive Residential and Commercial District in Downtown Montreal
Cadillac Fairview, the real estate arm of Ontario Teachers’ Pension Plan, has recently unveiled its updated plans to develop the impressive Quad Windsor, a new residential and commercial district in downtown Montreal.
Greystar to Manage Student Apartments in Muncie, Ind.
Greystar Student Living will manage Windermere Place Apartments, a 672-bed student housing community in Muncie, Ind.