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
Iconic Cleveland Building Changes Hands for $40M
Institutional Property Advisors, a division of Marcus & Millichap, brokered the sale of the 295-unit Statler Arms. Michael Barron, Joshua Wintermute and Daniel Burkons represented the buyer.
JVM Snaps Up 138-Unit Downtown KC Community
The investment and property management firm acquired Apex on Quality Hill, a luxury asset in Missouri’s largest city. The company also owns and manages Apex’s sister property, located one block away.
CBRE Facilitates $42M Financing for Durham-Area Acquisition
Steve Heffner, Nate Sittema and Kristen Reilley from the company’s Charlotte office secured the Fannie Mae loan on behalf of the buyer, Centennial Holding Co.
Prudent Growth Fetches 110-Unit NC Asset
Senior Investment Advisor Nathan Vaughan of Waterstone Multifamily Group brokered the transaction, which marks the company’s first acquisition in the eastern part of the state.
Pinnacle Completes Miami Mixed-Income Community
The company delivered Pinnacle Heights, a 109-unit community largely designated for residents earning 60 percent or less of the area’s median income. The $35 million property also includes a few market-rate apartments.
Affordable Community to Replace Former MA Mill
MassHousing closed on $17.1 million in financing for the development of a 102-unit affordable housing community in Lawrence, involving the preservation of a former industrial property and remediation of a brownfield site.
CDP Opens First Permanent Supportive Housing in CA
The firm led an $18 million renovation of an old hotel into The Orchard, which offers 72 units that will house chronically homeless individuals and small families in Santa Ana.
Integrity Housing Welcomes Ruby Dhillon as VP
The development expert will spearhead the company’s efforts to source and evaluate new investment opportunities. Prior to joining Integrity, Dhillon served at Newport Partners.
Hunt Provides Loan for 152-Unit SC Property
The funding is for the purchase of Huntington Apartments, an 11-building community built in 1979 and located within the Greenville-Anderson-Mauldin MSA.
Upscale 469-Unit Community Debuts in NJ
Hartz Mountain Industries opened The Harper at Harmon Meadow. The three-building property is part of a 3.5 million-square-foot, mixed-use development in Secaucus.