Economy

The world's largest economy ranks a little higher among developed nations for renter growth over a five-year period, according to RentCafe.

“Center City is coming off a record year in total construction completions in the downtown market, with 1,624 new units delivered in 2016, and absorption was strong in 2017,” says Jared Jacobs, Cushman & Wakefield's research manager.

With more major diversified financial institutions appearing to be taking ownership stakes in debt funds, mortgage-banking firms and technology platforms, the waters are growing murkier for those that have been in this space for some time, panelists at MBA CREF tell attendees.

Strong fundamentals, coupled with a supply/demand imbalance and rising interest rates, paint a rosy picture of the apartment sector for lenders, speakers at the MBA CREF/Multifamily conference tell attendees.

The Alliance for Downtown's recent report is bullish on continued economic growth.

An appellate court in the Kuzmich case allows a 421-g rent stabilized apartment to charge market rate rents.

“We are confident that commercial real estate will continue to perform well amidst an economy buoyed by tax reform and heightened job creation,” says Lisa Pendergast at CREFC.

A roundup of recent deals, leases, executive moves, and other news from the past week.