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 writes and edits in-depth stories on the hottest topics in the real estate industry, but she is also the host of award-winning podcast shows for both brands. Laura holds a B.A. in Journalism and an M.A. in Media Management.
📧 laura.valean@cpe-mhn.com
Cleveland-Area Community Lands $25M Fannie Mae Loan
Located in Willowick, Ohio, Shoregate Towers features 404 units. Dougherty’s Minneapolis office arranged the 15-year loan with a 30-year amortization schedule.
Inland Group Lands $50M NC Community
Inland Real Estate Acquisitions closed the purchase of a 304-unit community in Knightdale, N.C. Senior Vice President Mark Cosenza completed the deal with assistance from Brett Smith, assistant vice president & associate counsel of The Inland Real Estate Group.
What Does De Blasio’s Re-Election Mean for NYC Affordable Housing?
During his campaign, Mayor Bill de Blasio pledged to expand his focus on affordable housing. Standard Communities Co-Founders Scott Alter and Jeff Jaeger weigh in on how his re-election will impact affordable housing developers and renters.
Prescient Launches New Investment Vehicle
The BIM design and building platform, which reduces the time and cost of constructing multi-unit housing using a proprietary modular construction system, has created Powered by Prescient. The subsidiary will acquire minority stakes in real estate development projects throughout the country. MHN talked with the company’s management to find out more about this new private equity firm.
Aeon to Develop New Affordable Housing in Twin Cities
The nonprofit plans to build Greenway Terrace Apartments, a 54-unit community in Ramsey, Minn. The grand opening is expected in late 2018.
Affirmed Begins Work on San Diego Veterans Community
The project will transform a motel into an 84-unit community to be known as Zephyr. Funding is coming from several government sources, including the California Department of Housing and Community Development.
Why Grosvenor Likes Seattle’s Condo Market
Alex Henderson, who leads Grosvenor’s Puget Sound Co-Investment team, foresees renewed interest in development, given the potential oversupply of rental product and undersupply of for-sale product in the area.
Former Durham Hotel to Become 342-Unit Community
Alliance Residential purchased Crown Park Hotel, the company’s first asset in the Triangle. Karl Hudson with Foundry Commercial represented the buyer in this $10.5 million transaction.
Embracing the Miniature Life
Typically, Americans like their houses big. But in their attempt to commute as little as possible and to cut down housing expenses, they are accepting smaller living spaces.
Former Maine Church Becomes Senior Housing Community
The construction of St. Ignatius, a 66-unit senior housing community in Sanford is now complete. WNC provided $8.6 million in LIHTC equity to help fund the project.