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/.
Export-Import Bank Provides Crucial Loan for Hospital Project in Sub-Saharan Africa
The Export-Import Bank of the United States has recently approved a substantial loan that will be used in the development of a Ghanaian hospital.
Curtain Rises on NoHo Senior Arts Colony in North Hollywood
The newly developed, $32 million NoHo Senior Arts Colony opens this month, the first in the multifamily housing industry’s history to incorporate a professional theater within a seniors rental housing property.
Economy Watch: Housing Starts Spike
The Census Bureau reported that private housing starts in December came in at an annualized rate of 954,000 units. That’s 12.1 percent more than the revised November total of 851,000, and a whopping 36.9 percent above the rate of 697,000 in December 2011.
Baptist Gardens Opens in Atlanta
Residents have started moving to Baptist Gardens, an affordable seniors housing property in Atlanta.
Digital Realty Acquires Three-Property Data Center Portfolio In Paris For $79.7M
Digital Realty Trust Inc. has acquired a three-property data center portfolio in the Paris area for EUR 60 million, or about $79.7 million. The seller was Bouygues Telecom, France’s third largest telecommunications operator.
DDR’s Puerto Rico Retail Properties Get $90M Upgrade
Leading shopping center owner and manager DDR Corp. has announced it will continue the successful redevelopment and expansion activity at four selected properties across Puerto Rico due to strong tenant demand and lucrative previous projects.
Velocity Hires Industry Veteran for Loan Acquisitions
Velocity Commercial Capital, a specialty finance firm focusing on originating, acquiring and securitizing small balance commercial loans, announced the addition of Craig Kolasinski to its Capital Markets team.
Richard Katzenstein Joins Freddie Mac Multifamily as Managing Regional Director, Northeast Region
Richard Katzenstein has joined Freddie Mac Multifamily, and will lead the Northeast Region as its managing regional director.
MSHDA to Build New Senior Development in Michigan Suburb
Michigan State Housing Development Authority will open The Lake Pointe Apartments, a planned $4.2 million affordable housing development for seniors in downtown Hart, Mich.
Economy Watch: Beige Book Reports ‘Strong’ Residential Growth
The Federal Reserve released the latest Beige Book, which reported “all 12 Districts characterizing the pace of growth as either modest or moderate.”