Overall rents increased by $3 last month to $1,399, marking the ninth consecutive month of either increase or stagnant growth

But the narrative about people relocating to the suburbs may have become oversold.

Harbor Group International is providing $27.5 million to a hotel-to-multifamily conversion project in the Coconut Grove neighborhood of Miami.

The firm provides $47 million for transactions in Chicago and San Diego within the new program, which provides rescue capital, mezzanine and preferred equity.