Globest Sectors

“Despite talk of a deconversion slowdown, and Chicago’s proposed ordinance to increase the required approval rate to prevent ‘hostile’ deconversions, we believe the trend will continue as long as investor appetite for multifamily remains strong and people prefer to live in apartments,” Stengle says.

The deal, reported by Cushman & Wakefield, will allow Marble of the World, a division of The Stone Collection, LLC, to have the new Broward County facility join the firm’s American Society of Interior Designers award-winning showrooms in Arizona, Texas, Utah and Florida.

Yardi Rent Café’s customer relationship management software has grown to 3.1 million users.

Rents in the San Gabriel Valley are up nearly 17% year-over-year to $0.84 per square foot.

A private investor buys the 162-unitactive living community Sagewood Gardens in Hacienda Heights.

Ten-X ranks the top buy and sell markets for multifamily, even factoring in a potential recession in the next two years.

The Phoenix 312-unit high-rise tower secures a $81.5 million bridge loan to replace senior construction debt.

Millennials are driving demand of shared co-living spaces on one end of the spectrum and high-end apartment living on the other.