Turnovers at multifamily properties are way, way down. What was written in one analysis about the drop is one of the top quotes from the week in commercial…

The joint venture, poised to invest up to $250 million to develop multifamily communities in Southern California with a focus on Greater LA, has already closed on land acquisitions in Burbank and West Hollywood.

Apartment owners are augmenting property management, business development and client service team.

For new office buildings in Brooklyn and Long Island City, spacious floor plans and lower rents could help capture tenants looking away from Manhattan.