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/.
Capital Square Realty Advisors Acquires Tallahassee Multifamily Community
Capital Square Realty Advisors LLC has acquired Ashford Club Apartments, a 102-unit multifamily community in Tallahassee, Fla., on behalf of an affiliated entity.
Economy Watch: Fewer Homes Underwater in First Quarter
CoreLogic reported that about 850,000 U.S. residential properties were no longer underwater as of the end of the first quarter of 2013 or, as the company put it, “returned to a state of positive equity.”
Bronxworks Honors COO of L+M Development for Community Activism
Debra Kenyon, chief operating officer of L+M Development Partners, was honored for her community service by BronxWorks, the South Bronx-based social service agency, at its Annual Gala Monday, June 10.
Manhattan Skyline’s Luxury Condo is Sold Out
Manhattan Skyline, the developer of New York condominium building The Story House, announced that the community is already sold out. The most recent sale was for the top floor penthouse for $4.25 million.
Centerline Holding Company and Hunt Announce Definitive Merger Agreement
Centerline Holding Company and Hunt Capital Partners announced the entry into a definitive agreement and plan of merger between Centerline and an affiliate of Hunt under which an affiliate of Hunt will acquire through a merger all of the outstanding Common Shares of the Company that Hunt or its affiliates do not already own for cash consideration of $39.89 per share.
Two Louisiana Apartments Obtain $23M Refi
Interest rates remain low, and apartment owners are still eager to take advantage of that environment, according to Beech Street Capital. Recently the company closed on two Fannie Mae loans to refinance a pair of Louisiana apartment buildings owned by the same entity.
Economy Watch: Job Openings Down
The Bureau of Labor Statistics released the Job Openings and Labor Turnover Summary, which casts a bit of a different light on the national employment picture.
UIPGC Completes $4.5M Renovations on D.C. Community
UIP General Contracting recently completed a $4.5 million renovation on a six-building garden-style community called Takoma Flats.
Upstate New York Affordable Housing Redevelopment Under Way
The Corr Community Center, which is an important part of the redevelopment of Liberty Gardens, a 180-unit affordable housing community, has been opened.
Pathfinder Partners Acquires Townhome Community for $3.13M
Pathfinder Partners has purchased 16 unsold units and an adjacent parcel of land for 10 additional townhomes at Aragon, a Mediterranean-style townhome community, for $3.125 million.