Laura Valean is an Executive Editor with Commercial Property Executive and Multi-Housing News. She has a 12-year background in broadcast media and joined the CPE-MHN team in 2016. Laura edits in-depth stories on key trends shaping the commercial and multifamily real estate industries, coordinating a team of experienced writers. She also hosts award-winning podcast shows for both brands, including Mission Success: Women in Multifamily, NAA Insights, FTI Experts’ Hub, RICS Monitor and CREW Up.
Laura holds a B.A. in Journalism and an M.A. in Media Management. She can be reached at📧 laura.valean@cpe-mhn.com
The Making of Affordable Charlotte
Ally Financial, Bank of America and Barings, three of Charlotte’s largest financial corporations, are the latest organizations to join efforts to create more affordable housing in the booming metro.
Affordable VA Community Commands $10M
Community Preservation Partners intends to renovate Royal Arms, a 144-unit property in Front Royal. The deal marks the rehabilitation company’s second affordable housing purchase in the state.
MA Senior Housing Asset Extends Affordability With $45M Refi
Non-profit B’nai B’rith Housing intends to execute a capital improvement program on 200 units at Covenant House in Brighton and ensure rental affordability for the next three decades.
Affordable Boston Community Receives $39M Loan
The 146-unit West Newton Apartments in South End is set to undergo extensive renovations. MassHousing provided the financing to non-profit Inquilinos Boricuas En Accion.
AZ Senior Living Community Changes Hands
A Chicago-based private equity fund purchased The Country Club at La Cholla, a 217-unit property in Tucson, from an MBK Senior Living affiliate. CBRE assisted the seller in the transaction.
Berkadia Arranges $28M in San Diego Sales
Two properties traded for the highest per-unit price in their respective submarkets. Associate Director Tyler Sinks, Managing Directors Ed Rosen and John Chu worked on behalf of the sellers.
Nuveen Real Estate Sells 336-Unit Raleigh Asset
The 14-building community changed hands for $46.1 million. The buyer used a $27.7 million loan originated by Prudential Financial to finance the acquisition.
The Answer to the Bay Area’s Affordable Housing Crisis
Enterprise Community Partners’ Rich Gross and Kaiser Permanente’s Bechara Choucair talk about their joint projects. The two companies launched a $100 million loan fund to create and preserve multifamily rentals.
Luxury Condo Building Tops Off in Bay Harbor Islands
Ability by Acierto’s first South Florida development is a waterfront property that broke ground in June 2017 and is scheduled for completion in July.
Miami Worldcenter’s 1st Tower Comes on Line
Nitin Motwani, managing principal at Miami Worldcenter Associates, speaks in depth about the milestone for the $4 billion project—one of the largest of its kind in the U.S.—located near the Brightline at MiamiCentral.