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/.
CAPREIT Finances Acquisition of Virginia Multifamily Properties
CAPREIT Inc. has obtained separate loans for the acquisition of two apartment properties in Newport News. The loans, which total about $19.8 million, were originated by Walker & Dunlop Inc. through Freddie Mac’s Capital Markets Execution Program.
Fifield Companies Sells Chicago Community for $302M, Begins Work on New Luxury Development
In a joint venture, Fifield Companies and Pacific Life Insurance Co. have announced they have sold an 848-unit multifamily community in Chicago to REIT Morguard Corp. for $302 million. This marks the highest amount paid for a Chicago apartment tower since May 2011.
Portland’s Pearl District In Line to Get High-Rise Gem
A 21-story, 250-unit multifamily community for Portland’s downtown Pearl District is being planned by Wood Partners and Hoyt Street Properties, which have agreed to pursue development of the $80 million project.
Economy Watch: Personal Income, Savings Up
Even as the 2012 holiday shopping season was ending on Monday, at least one estimate said that consumers didn’t spend that much more this year than last year.
‘Economy Watch’ Podcast with Dees Stribling: At Least It’s Not the End of the World
No deal on the cliff, but it isn’t the end of the world.
Apartment Renovation Completed in D.C.
Urban Investment Partners has completed a $2.7 million full-building restoration of 346 Park Road NW in the Washington neighborhood of Columbia Heights.
HFF Closes on $66.25M Sale of N.J. Community
HFF has closed on the sale of Avalon at Aberdeen Station in Aberdeen, N.J., for $66.25 million on behalf of the seller, AvalonBay Communities Inc. MFREVF Aberdeen Urban Renewal LLC purchased the multifamily community.
Economy Watch: Existing Home Sales Spike
The National Association of Realtors said on Thursday that total existing-home sales nationwide—including completed transactions for single-family houses, townhomes, condos and co-ops—rose 5.9 percent to an annualized rate of 5.04 million units in November, compared with 4.76 million in October.
Kista Galleria Shopping Center in Stockholm Sells for $700 Million
Citycon Oyj and the Canada Pension Plan Investment Board have entered into definitive agreements to acquire the Kista Galleria shopping center in Stockholm from DNB Livsforsikring ASA.
Jonathan Lahn Joins WNC as Vice President, Originations
WNC, a national investor in real estate and community renewal initiatives, announced today that Jonathan Lahn has joined the company as vice president, originations.