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/.
Development Predictions for 2018
Since coming aboard as managing director of Transwestern Development Company in 2013, Mark Culwell has provided oversight in the execution of the development plan for approved projects. MHN speaks to the executive about what he expects this year.
Allied Orion to Manage 2 AL Properties
The Housing Authority of Birmingham District has tapped the company for Roosevelt City Apartments and Benjamin Green Village. The public-housing communities total 118 units.
JV Completes CA Workforce Housing
Orange Housing Development Corp. and C&C Development have developed Lemon Grove Apartments in Orange, which includes three four-story buildings.
Draper and Kramer Opens St. Louis Apartments
The Flats at EVO include 46 townhomes in Richmond Heights, Mo. This marks the second phase of EVO, which features an adjacent four-story, 281-unit community that opened last year.
Using Airbnb to Your Advantage
Although there is pushback from the apartment industry, small-balance owners can utilize the service to their advantage and earn additional income with relatively little risk.
Steadfast Acquires Indianapolis Property for $45M
Avery Point Apartments, a 512-unit community, includes 58 two-story buildings with one- and two-bedroom units, and two-bedroom townhomes that average about 900 square feet.
Atlas, Novel Bag FL Asset
The joint venture acquired the 481-unit Urban Style Flats Apartments in downtown St. Petersburg. The companies plan to renovate and rebrand the community.
OH Apartments Snag $17M Financing
Pillar originated the loans for two properties in Columbus. The financing includes 10- and 15-year terms and 30-year amortization schedules.
StoneBridge Acquires $54M VA Asset
Copper Spring is a 366-unit, garden-style community in Richmond. At the time of the sale, the property was 97.8 percent leased.
Development Partners Obtain $27M for Miami Tower
MEC Development Associates and B Developments are constructing Casa Grove, a 130-unit community set to be complete in 2019.