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
RKW Residential Expands NC Footprint
The property management company has taken over management of Wesley Village, a 301-unit community near uptown Charlotte, N.C. Bluerock Real Estate owns the property.
LINC Opens LA-Area Affordable Community
Mosaic Gardens at Willowbrook is a $20 million development built for low-income families and homeless households, with support from several public and private entities. The latest homeless count shows there are nearly 47,000 homeless in Los Angeles County.
Monument Real Estate Services Promotes Jaime Rauscher to COO
Rauscher used to serve the Miami-based company as vice president of operations. She will be based in Charlotte, N.C.
Bronx Affordable Property Opens Doors
Gouverneur Place Apartments, a 68-unit development, was constructed through a public-private partnership that included the state of New York and UnitedHealthcare.
CIM Group Trades 138-Unit Boulder Community
The Los Angeles-based company sold 9Seventy, a newly constructed project adjacent to the University of Colorado. At the time of the transaction, the property was fully leased.
Torchlight Provides $80M Refi for Suburban Chicago Community
The firm recapitalized 500 Station, a 417-unit asset in Aurora, Ill., with senior and mezzanine financing. Aurora is connected by local shuttle to the Route 59 commuter rail station, which offers express service to central Chicago.
Monument Real Estate Taps New VP
Industry veteran Lesly Jones joined the company as vice president of marketing and leasing. She will oversee and develop marketing services that provide support, tools and solutions to the firm’s multifamily assets.
Timbers Resorts Lands $50M Financing for SC Residential Project
HFF secured the construction financing from Mosaic Real Estate Credit LLC for Timbers Resorts to develop Timbers Kiawah – Ocean Club & Residences, the first private residence club on Kiawah Island.
REIT Nabs $57M NC Community
Bluerock Residential Growth REIT acquired Wesley Village, a 301-unit property in Charlotte that the company plans to upgrade. The transaction was made possible through the assumption of a $41 million Freddie Mac loan.
Security Properties to Rehab Illinois Community
The Seattle-based company closed on University Village, a 534-unit affordable housing development in DeKalb, Ill. The new owner will renovate the property, which will maintain its affordable status for at least the next 15 years.