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
Affordable Bay Area Project Breaks Ground
KTGY Architecture + Planning and EAH Housing have begun the construction of Estrella Vista, a $64 million, 86-unit, mixed-use development in Emeryville, Calif.
Michaelson Lands 2nd TN Community in Less Than a Month
Michaelson Real Estate Group and Eklund Development acquired Viera Cedar Bluff, a 184-unit community in Knoxville. The deal is part of a portfolio that also included 520-unit community The Metropolitan.
CDP Opens Affordable Senior Community in SF Bay Area
The Huntington is a 114-unit property in Morgan Hill, restricted to residents earning 50 to 60 percent of the area median income. KTGY Architecture + Planning designed the project.
SC Community Changes Hands for $16M
Brian Ford, Alex McDermott, Austin Green and Ron Corrao from Capstone’s Charlotte office brokered the sale of Southern Pines, a 352-unit community in Spartanburg. Capstone worked on behalf of the seller, Bowman Investment Group.
Colliers Facilitates FL Affordable Housing Deal
Colliers Senior Vice President Kevin Morris and Senior Broker Associate Michael Lewin worked on behalf of 1031 exchange buyer Steve Schneider. Palm Lakes Trailer Park, a 120-unit mobile home property in Miami, traded for $6.3 million.
CalAtlantic Homes Opens Raleigh-Area Community
Silver Grove is a new townhome property in Cary, N.C., five miles from the Research Triangle Park. Pricing starts in the low $300,000s.
Breaking Ground Opens 1st Affordable Community
Designed by COOKFOX Architects, Park House is an $86 million, 248-unit project in the Bronx, built to accommodate low- and very low-income families.
SG Blocks to Develop Largest Projects in Company History
The developer of container-based structures plans to build two low-income housing projects totaling 390,000 square feet in New York State. Both multistory buildings will be fully modular.
Affordable Indiana Community Lands Refi
The $6.6 million loan will be used to refinance Woodland East Apartments, a 224-unit affordable housing property in Michigan City.
PAC Lands 260-Unit KC-Area Community
Adara Overland Park is a recently built Class A multifamily asset in Overland Park, Kan. Preferred Apartment Communities (PAC) financed the acquisition using a Freddie Mac loan.