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
Affirmed Housing Opens Affordable San Diego-Area Community
Eastgate serves low-income families and veterans. Built by Wermers Construction, the property includes 42 units and is located in San Marcos, Calif.
WNC Funded Reno of San Diego-Area Affordable Asset
The firm provided $13.2 million in financing for the renovation of Woodglen Vista Apartments, a 188-unit affordable community in Santee, Calif., that Jamboree Housing Corp. developed.
Dougherty Secures $24M Refi for New AR Community
The mortgage banking firm facilitated the Fannie Mae loan for Bowman Pointe Phase I, a 217-unit property in Little Rock, Ark.
Cleveland Hotel to be Converted Into Senior Housing
The Lake County Ohio Port and Economic Development Authority completed a $49 million bond financing packaging for Tapestry Wickliffe to transform the building.
Royal Capital Group Breaks Ground on Affordable WI Community
The $20.3 million development will feature 94 units. UnitedHealthcare is the largest private investor, providing $5.4 million in equity funding.
LMC Opens 344-Unit Music City Community
The Morris is a luxury mixed-use project that includes 6,373 square feet of street-level retail and restaurant space. The property was built on the site of a country music icon’s former office.
CDP Opens Affordable Phoenix Suburb Community
El Rancho del Sol features 47 units and complements the adjacent El Rancho del Arte, a 66-unit property in Mesa, Ariz.
Passco Nabs 5th Property in KC Metro Area
Greenwood Reserve, a 228-unit luxury community in Olathe, Kan., traded for $38.3 million. Jeff Stingley of CBRE represented both the buyer and the seller, an affiliated entity of Cityscape Residential. Chris Black and Caleb Marten of KeyBank Real Estate Capital’s Commercial Mortgage Group arranged acquisition financing through Fannie Mae.
CBRE Arranges Refi for SC Community
Monica Newman of CBRE’s Denver team originated the $9.7 million loan through the company’s FHA lending platform on behalf of the borrower, Greenville Park West LP. Stonemark Management currently manages The Summits Apartments in Graniteville.
Beverly Hills Firm Enters NC Market With $37M Buy
Peter Sherman, Craig Cadwallader, Grant Linderman and Sam Chow with Avison Young represented Inco Montera, the buyer of Woodfield Glen Apartments in Raleigh. ARA Newmark worked on behalf of the seller, Grayco Inc.