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: US GDP Grew Tepidly in 2Q
The Bureau of Economic Analysis released its final estimate of U.S. GDP growth on Thursday, the one that will be cited forever more, and it wasn’t good tidings for the U.S. economy.
Central and South America See Hospitality Sector Accelerate Activity, Continue Upward Trend
The Central and South American hospitality market is on the rise.
Beech Street Capital Closes $10.2 Million FHA Loan
Beech Street Capital LLC, a privately owned mortgage banking company, recently provided a $10.2 million HUD 232/223(f) loan to a 105-bed nursing facility in Parkersburg, W. Va.
IPA to Break Ground on Phoenix-Area Apartments
Investment Property Associates and the Rockefeller Group have formed a joint venture to develop a 402-unit apartment community at the northeast corner of Warner and Recker roads in Gilbert, a suburb of Phoenix.
Abu Dhabi Mixed-Use Development Completed
Leading Middle East luxury developer DAMAC Properties has announced completing its first Abu Dhabi development: the mixed-use luxury property Marina Bay.
Security Properties Buys Fourth Multifamily Complex in Metro Phoenix
Security Properties Inc. has acquired the 207-unit Lakeside Village in metro Phoenix. The company paid $16.4 million for the property, which was sold by Toronto-based Rose Lakeside Corp.
Marcus & Millichap Brokers Sale of Indiana Apartment Complex
Marcus & Millichap Real Estate Investment Services has closed the sale of The Reserve, a 158-unit apartment complex in Evansville, Ill., on behalf of the property’s seller, Indianapolis-based SC Bodner Company Inc.
Freddie Mac Announces First Floating Rate K Certificates Offering Backed by Multifamily Mortgages
Freddie Mac today announced its first offering of Structured Pass-Through Certificates (“K Certificates”) backed exclusively by LIBOR-based, floating rate multifamily mortgages with five- and seven-year terms.
MNS Appoints New Executive Director of Sales
MNS, a New York-based brokerage, sales and marketing firm, has hired Jennifer Johnsen to serve as executive director of sales overseeing the Sales and Rental Divisions.
Economy Watch: Case-Shiller Reports Monthly, Annual Home Price Increases
According to the S&P/Case-Shiller Home Price Indices, which were released on Tuesday, average U.S. home prices increased by 1.5 percent for the 10-city composite index and by 1.6 percent for the 20-city composite index in July 2012 compared with June.