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/.
Manhattan Mixed-Use Snags Pre-Development Financing
A joint venture obtained $200 million for 520 Fifth Ave., which will include 145 condos, 208 hotel rooms and 33,000 square feet of retail space.
$29M Earmarked for MN Financing
Grandbridge Real Estate Capital arranged the first-mortgage loan for construction of a 110-unit community in St. Louis Park.
Collier Breaks Ground on FL Community
Slated for completion in 2018, Canterbury Circle in Ocala will include 304 units in 20 buildings. The project will be the company’s third in the area.
JLL Arranges $88M for Long Island Properties
The company secured the loan for a 700-unit community in Moriches, N.Y., and a 200-unit community in Medford, N.Y.
LA Investor Snags $107M Suburban Denver Portfolio
Gelt’s acquisition includes two assets in Lakewood: the 408-unit Ascend at Red Rocks and the 172-unit Elevate at Red Rocks.
Renters on Rents
Do your renters think they’re getting a good deal? This month Kingsley Associates and Multi-Housing News surveyed residents to find out whether they see value in their rental agreements.
10 Markets with the Greatest Rent Loss
Rent growth has been decelerating nationally after a wave of new development. Here are markets with the greatest loss in rents over the year.
Bijou, Intercontinental Launch NJ Mixed-Use Development
The joint venture’s 424-unit Hoboken community includes a state-of-the-art public gymnasium, two-acre resiliency park and other luxury amenities.
Boston Investor Buys CA Portfolio
Rockpoint Group, in a joint venture with Strategic Housing Partners, has acquired 500 units in Torrance, Calif., with plans to upgrade the apartments.
A Common Mistake Sellers Make
An expert from Marcus and Millichap discusses three problems multifamily sellers face when deciding to sale their properties.