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: 200k+ Jobs Created in November
The U.S. economy created 203,000 jobs in November, according to the Bureau of Labor Statistics, roughly the same as in October, and a bit more than expected.
Architect Forms New NY Firm, Works on Multifamily
Martin Kapell, until recently a partner at WASA/Studio A, has formed a new architecture firm in Hudson Square in Lower Manhattan: think! architecture and design.
Aria Completes DC Apartment Renovation
Aria Development Group completed renovation on The Bond, making it into an 83-unit apartment community in Washington’s West End neighborhood.
Mark Bittenbender Joins Greysteel Capital Markets
Greysteel Capital Markets, a Washington, D.C.-based real estate finance firm, announced that Mark Bittenbender has joined the firm as director.
Passco Companies Acquire Colorado Springs Community for $54M
Passco Companies has acquired the former Alexan at Briargate, a 332-unit Class A multifamily community located in Colorado Springs, Colo., which was rebranded as Vue21.
Economy Watch: New Home Sales Jump in October
The Census Bureau reported a spike in new home sales, with sales at an annualized rate of 440,000 units in October, compared with 354,000 units in September, which represents an increase of 25.4 percent for the month.
QR Capital Acquires Atlanta Apartments
QR Capital has acquired Collier Ridge Apartments, a 300-unit property in Atlanta. Located at 2121 Defoors Ferry Rd. NW, the property is on 39 acres and comprises 49 residential buildings that are about 94 percent occupied. The community was originally built in 1980.
New-Home Sales Up Sharply in October Says NAHB
Sales of newly built, single-family homes rose 25.4 percent to a seasonally adjusted annual rate of 444,000 units in October, according to data released today by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
McKinley Acquires Two Orlando Communities in 30 Days
Multifamily owner and manager McKinley has reconfirmed its commitment to Central Florida, and specifically to Orlando’s theme park area, with the purchase of two Orlando properties within a scant 30 days.
Economy Watch: Home Price Increases Slowing Down
CoreLogic reported that the increase in home prices nationally—including distressed sales—slowed down in October, rising only 0.2 percent compared with September.