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/.
Chicago’s One East Delaware Captures LEED EB Silver
Chicago–The first Chicago apartment property to earn multifamily LEED EB Silver certification from the U.S. Green Building Council is One East Delaware. The 22-year-old, 36-story, 306-unit upscale tower on the Windy City’s pricey Gold Coast is the nation’s third largest apartment community to gain the certification.
Magellan Development Group Names Steven L. Mandell VP of Business Development and Operations
Chicago–Magellan Development Group has announced the appointment of Steven L. Mandell, 43, as vice president of business development and operations of affiliate Magellan Project Services.
Marcus & Millichap Promotes Felipe J. Echarte to Vice President Investments in Fort Lauderdale Office
Fort Lauderdale, Fla.–The board of directors of Marcus & Millichap Real Estate Investment Services has promoted Felipe J. Echarte to the position of vice president investments in the Fort Lauderdale, Fla. office.
Economy Watch: Foreclosed Properties Still About One-Third of Residential Sales
According to RealtyTrac’s second quarter 2011 U.S. Foreclosure Sales Report, which was released on Thursday, the sale of houses in some stage of foreclosure accounted for 31 percent of all residential sales during the quarter. That’s a drop from the first quarter of this year, when the total was 36 percent, but more than the same quarter a year ago, when the total was 24 percent.
Bonaventure Realty Group Names New Director of Property Management
Bonaventure Realty Group LLC, multifamily real estate company, announced that Christina Bolter has just been named director of property management.
USAA-JLB JV Breaks Ground on Atlanta Apartments
Atlanta–A joint venture between USAA Real Estate Co. and JLB Partners L.P. has broken ground on Buckhead Village, a multifamily property in Atlanta. When complete, the property will feature 373 units in four- and five-story buildings totaling about 345,200 square feet, along with 583 parking spaces.
MBA Releases 2011 Mid-year Commercial/Multifamily Servicer Rankings
Washington, D.C.–The Mortgage Bankers Association released its mid-year ranking of commercial and multifamily mortgage servicers as of June 30, 2011.
Architectural and Design Firm CetraRuddy Goes International
New York–CetraRuddy Inc., an architectural and design firm, recently opened an international division. Over the past three years, the firm has successfully attempted expansion in India and Great Britain.
The Praedium Group Buys Half a Billion in Assets in First Half of 2011
New York–The Praedium Group has been in a bit of a buying frenzy. Acting through The Praedium Fund VII L.P., the New York City-based national real estate investment firm snapped up assets, predominantly multifamily, valued at an aggregate $500 million in the first six months of 2011.
Marcus & Millichap Promotes Levin, Leeson to Vice President Investments
The board of directors of Marcus & Millichap Real Estate Investment Services has promoted Adam Levin and Tyler C. Leeson to the position of vice president investments.