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: Economy Creates Mediocre 162k Jobs
The U.S. Bureau of Labor Statistics reported that the economy created 162,000 jobs.
Economy Watch: 2Q GDP Surprises on the Upside
By Dees Stribling, Contributing Editor In recent weeks, prognosticators have been predicting that U.S. real gross domestic product would barely increase at all in the second quarter. On Wednesday, the Bureau of Economic Analysis released its first, or “advance,” estimate of real GDP for 2Q13: an annualized increase of 1.7 percent. Though not especially robust, growth was better than expected. In the first quarter, real GDP increased by only 1.1 percent, annualized. The increase in real GDP in the second quarter reflected positive contributions from personal consumption expenditures (people out buying stuff), exports (foreigners buying our stuff), nonresidential fixed investment…
$10M Loan Closed for Affordable Housing in Mass.
MassHousing has closed on $10.1 million in loans for the renovation and preservation of affordability at the 108-unit Kings Landing in Brewster.
Institutional Buyer Pays $99M for Stamford Apartments
Clarion Partners has acquired Infinity Harbor Point, a 242-unit apartment high rise in Stamford, for $98.8 million.
Pacific Northwest: Ahead of the Curve
The Seattle and Portland metros continue to enjoy record multifamily revenue growth.
Capital Stack
Developers seeking financing for apartment acquisitions and/or rehabs are faced with a variety of situations depending on the type of financing—senior loan, transitional financing, or gap financing—that is being sought.
MNS Begins Sales of Williamsburg Townhomes
MNS, a real estate brokerage firm specializing in New York City residential properties, was named the exclusive sales and marketing agent for the Williamsburg Townhomes by developer, Magnum Real Estate Group