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OneWall closes on $100M in suburban multifamily acquisitions

Stamford, CT-based OneWall Partners has acquired two suburban multifamily communities in separate deals totaling nearly $100 million. It has bought the newly rebranded Hopkins Point (pictured top), formerly Whispering Woods, a suburban Baltimore rental property for $66 million from the Kushner Cos. The 39-acre property is 98 percent occupied and consists of 524 market-rate townhomes. Oak Grove Apartments And it has acquired Oak Grove Apartments & Townhomes, also in suburban Baltimore, for $32.5 million from Morgan Properties, the nation’s largest private multifamily housing owner. The 17-acre property is 94 percent-occupied and consists of 22 market-rate apartment buildings with 259 apartments, plus 88 townhomes. The acquisition of Hopkins Point is the firm’s first

In EO, federal security provides impetus for far reaching cyber implications

Cyber warfare operators configure a threat intelligence feed for daily watch at Warfield Air National Guard Base, Middle River, Md. The Biden Administration has focused a lot of efforts on security federal systems, but many of the efforts have potential for trickle down impact.(U.S. Air Force photo by J.M. Eddins Jr.) Pitched as a response to SolarWinds and the string of high profile breaches, President Joe Biden’s  Executive Order on Improving the Nation’s Cybersecurity operates on a variety of levels. At the core, there are specific recommendations to improve federal cybersecurity, including improvements in the security standard for federal purchases, developing a playbook for response, and requiring a modern suite of security techniques, including endpoint detection and response and a zero trust architecture. 

It s frightening, : Fort Saint James Mayor worried about overdose uptick

Fort Saint James Mayor Bob Motion is gravely concerned over the number of overdoses in the community. An alert was issued by the district’s RCMP Detachment this week after emergency crews responded to numerous overdoses. Crews attended two calls for service in one day at the same house, resulting in one death. The matter is now under investigation by the BC Coroners Service. Motion told Vista Radio an issue like this hits pretty close to home for rural communities like theirs. “You might not know that person directly but you are only one person removed from someone who knew that person. That’s how it hits us a lot harder in a place like this because in a city like Prince George there are more people obviously and less of a direct connection.”

Worker shortages are putting more money in employees pockets but could slow the economy

. (Tribune News Service) The nationwide worker shortage that held down U.S. job growth last month boils down to this: America s workers are raking in lots of money, but they have fewer places to spend it. Businesses that can t find enough workers are pushing their existing staffers harder, converting part-time employees to full-time and asking full-time workers to put in lots of overtime. That s stuffing more cash into the pockets of Americans already flush from three rounds of government stimulus checks totaling $3,200 since the COVID-19 pandemic began more than a year ago. In other words, workers who hunkered down at home the past year are awash in dollars and itching to spend them as the economy reopens fully this spring and summer.

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