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
Marcus & Millichap Leads Sale of Dupont Apartments
The four-unit property sold for $2.3 million to a Washington, D.C., condo developer. Marcus & Millichap represented the seller, a private investor.
PAC Lands 242-Unit Louisville Community
The company financed the acquisition by assuming a mortgage loan insured by the U.S. Department of Housing and Urban Development.
Financing Affordable Communities in NY
James Dittbrenner, managing director at Sterling Bank, discusses the process behind a bank’s decision to finance affordable housing projects such as the Newburgh CORe Neighborhood Revitalization in Orange County, N.Y.
Oakwood to Manage Columbus Mixed-Use Project
The local property management company will manage River & Rich, a 230-unit project currently underway downtown Columbus, Ohio. The community is set to open during summer 2018.
US Residential Welcomes New EVP
Laurie Lyons, a 30-year veteran of the apartment industry, will be responsible for growing the company’s third-party management portfolio. She will be based in Denver.
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.