AUSTIN, TX—Demand has now outpaced new supply for six consecutive years and the need for more affordable space could spur increased development activity in Austin's outlying submarkets.

WASHINGTON, DC—“As new apartment construction catches up with demand, we expect to see moderation from record rent growth as well as more selectivity from equity and debt financing sources,” says Mark Obrinsky at the National Multifamily Housing Council.

LOS ANGELES—CBRE Global Investors scoops the 174,084-square-foot Howard Hughes Center office building, and signed a leaseback agreement with the building's namesake through 2026.

WASHINGTON, DC—This is one of the only CMBS 2.0 loans to be modified so far, Trepp says.