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
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.
Walker & Dunlop Expands Team in TN
As managing director, Telly Fathaly will be initiating the company’s presence in Nashville. He has more than 14 years of experience in the multifamily industry.
Dougherty Closes Cleveland Portfolio Loan
The Fannie Mae loan will refinance six market-rate properties, totaling 238 units. Dougherty’s Minneapolis office arranged the financing for borrower Central Real Estate Holding.
Audubon Communities Welcomes New VP of Construction
Josh Boling will oversee all pre-and post-acquisition construction planning and management for the firm. Prior to joining the company, he served at Fairway Construction and Cortland Partners.