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: Retail Vacancies Edge Down
Reis Inc. reported on Wednesday that the vacancy rate for regional malls declined to 8.6 percent in the fourth quarter of 2012, down from 8.7 percent in the third quarter and 8.9 percent in 4Q11.
Steadfast Buys Lexington Property for $52M
Steadfast Income REIT Inc. has acquired Forty57, a 436-unit garden-style apartment property in Lexington, Ky., for $52.5 million. The property is currently 88 percent occupied.
Jones Lang LaSalle Acquires The Apartment Group, Grows Texas Presence
Jones Lang LaSalle has announced that it has acquired The Apartment Group. The price was undisclosed.
Yo, YotaPhone
The ‘YotaPhone,’ a two-sided smartphone out of Russia, has been a topic of much tech chatter for the past few days.
Berkadia Acquires One of the Nation’s Largest Multifamily Investment Sales and Research Firms, Hendricks & Partners
Berkadia Commercial Mortgage, a commercial real estate lender and servicer, announced the expansion of its U.S. presence through its acquisition of Hendricks & Partners.
Greystone Welcomes Scott Kavel, Veteran Originator to Seniors Housing Group
Greystone, a national provider of multifamily and commercial mortgage loans, announced that Scott Kavel has joined the firm’s seniors housing group as managing director.
Alliance Residential Company Sells Seattle’s Domaine
Alliance Residential Company has sold Domaine, a 92-unit multifamily community in Seattle it acquired in 2009, to a public REIT.
Economy Watch: Consumers Borrow More for Schooling, Vehicles
Consumer borrowing rose at an annualized rate of 7 percent in November, according to the Federal Reserve on Tuesday. The lion’s share of the increase was non-revolving credit, especially student loans, which was up an annualized rate of 9.5 percent.
Public/Private Financing Unveiled for Brooklyn Apartment Project
1133 Manhattan Avenue, a mixed-use development by the Domain Cos. in Greenpoint, Brooklyn, is a step closer to realization with financing through the New York City Housing Development Corp. and by Goldman Sachs.
The Community Preservation Corporation Announces New Board Members
he Community Preservation Corporation (CPC), a non-profit lender for affordable housing throughout New York State, announced today the election of three new affordable housing career leaders to the CPC Board.