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    Google Maps

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    Maryland Supreme Court rules against Kushner Cos.

    The lawsuit alleges Kushner-owned Westminster Management charged fees above the state’s legal limit.

  • Freddie Mac sign with office building in the background.
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    Permission granted by Freddie Mac
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    GSEs regain their dominance in apartment lending

    Fannie Mae and Freddie Mac claimed 58% market share in 2023 after their share fell 39% in 2022.

  • A tall apartment tower.
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    Permission granted by Merrimac Ventures
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    DEALS + STARTS

    Sold-out condo tower underway at $6B Miami Worldcenter

    The 606-unit 600 Miami Worldcenter touts the potential use of its units as short-term rentals.

  • From above photo of an employee on a laptop computer while sitting at desk with notebook, pen and eyeglasses.
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    miniseries via Getty Images
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    Opinion

    5 steps to mitigate revenue management software risks

    As the multifamily sector comes under unprecedented levels of antitrust scrutiny, owners and managers must take steps to protect themselves, attorney David D. Cross says.

  • Older, brown, garden-style apartments
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    Permission granted by Southeast Property Group
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    2 distressed Chetrit properties sold in Florida for $20M

    With the purchases, Southeast Property Group has entered the Jacksonville market.

  • Brick, three-story apartment building with grass and trees in the foreground.
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    Permission granted by Interra Realty
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    DEALS + STARTS

    Chicago deal fetches a near-decade high price for its submarket

    Icarus Investment Group snagged Madison Terrace in the Garfield Park neighborhood for $11 million.

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    Permission granted by KMA Design Studio
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    Deals + Starts: March 2024

    Landmark, Venterra Realty, Centerspace and others were in the news this month.

  • Mixed-use multifamily residential district area development with blue sunny sky background
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    Svetlana123 via Getty Images
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    Deal volume continues to fall, declining to $4.9B

    Transactions dropped 35% in February, as prices decreased 8.9%.

  • A bathroom sink.
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    Permission granted by Kohler
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    PRODUCTS

    March 2024 roundup: New multifamily products

    Offerings this month include exterior finishes, keyless locks and sinks made of recycled materials.

  • Rendering of silver high-rise buildings surrounded by other high rises with a blue sky in the background
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    Permission granted by The Related Cos.
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    Starts drop 36% to 377,000

    Supply continued to pile up in February, with 644,000 apartments delivered and 966,000 under construction.

  • A room with tables, couches, and a kitchen area.
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    Permission granted by Riaz Capital
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    PROJECT SPOTLIGHT

    Riaz Capital turns Oakland hotel into art-infused workforce housing

    The ArtHaus Jack London features murals across the exterior, including one designed by an 11-year-old artist.

  • Atlanta skyline over Piedmont Park
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    Marilyn Nieves via Getty Images
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    The cities with the largest volume of loan maturities

    Atlanta, Dallas and Denver lead the way, as $525 billion in overall apartment loans are expected to mature by 2029.

  • An aerial view of the Miami skyline.
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    felixmizioznikov/iStock/Getty Images Plus via Getty Images
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    Renter competition runs hot in Midwest, Sun Belt markets

    In some cities, demand for units is high and new supply is low or even nonexistent.

  • The exterior of the Department of Justice in Washington, D.C.
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    robertcicchetti via Getty Images
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    Report: DOJ opens criminal probe into RealPage, multiple landlords

    The Justice Department also has an ongoing civil investigation into the data and software provider.

  • A five-story residential building at night.
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    Permission granted by Ankrom Moisan
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    PROJECT SPOTLIGHT

    New California property mixes traditional elements, modern design

    Located in San Jose’s Japantown neighborhood, Sixth and Jackson aims to preserve the area’s history — and displays archaeological relics found on site. 

    Updated March 26, 2024
  • Three-story brown brick apartments surrounded by grass and trees
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    Permission granted by JLL
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    DEALS + STARTS

    Centerspace sells 2 properties for $19M total

    Last year, the REIT jettisoned 13 communities for $226.8 million as it focused on repaying debt.

  • Chairs, windows and a television in an open apartment building lobby.
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    Permission granted by The NRP Group
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    EXECUTIVE MOVES

    NRP Group names Patrick Carino vice president of development

    Carino, previously at RMS Cos., will focus on market-rate multifamily development in the Northeast.

  • A lounge and bar area.
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    Permission granted by Mary Cook Associates
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    Properties serve up creative food, beverage offerings

    Concepts include drinks on tap, grab-and-go markets and bar spaces open to the public.

    Updated March 21, 2024
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    sabthai via Getty Images
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    Florida family sues Highmark, Starwood entity after fatal explosion

    Mikeanesha Moore’s Orlando apartment, which was newly leased, was found to have an uncapped and unplugged gas line, according to a lawsuit.

    Updated March 21, 2024
  • Detroit, Michigan, USA downtown skyline from above at dusk.
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    Sean Pavone via Getty Images
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    $1.5B Detroit mixed-use project delayed

    District Detroit, developed by the Related Cos. and Olympia Development of Michigan, was initially scheduled to start construction last summer.

  • Aerial view from skyline with skyscrapers in Brooklyn downtown New York on the Hudson river
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    photovs via Getty Images
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    Brooklyn properties transferred to servicing

    Three of Conway Capital’s New York City properties are delinquent despite strong occupancy.

  • An apartment building lounge with a large mural with an eye in the middle.
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    Connie Zhou

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    6 multifamily projects showcase award-winning design

    The National Association of Home Builders recognized developments from across the country in its recent awards program.

    Updated April 1, 2024
  • Brown residential buildings with blue sky
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    Arturo Rosenow via Getty Images
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    Multifamily logs biggest jump in distress in 18 months

    The sector’s 80 bps increase was higher than any other commercial real estate segment.

  • A condominium building with white walls and an angular roof.
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    ntzolov via Getty Images
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    Rents rise slightly, ending 7-month decline

    Market trends are in flux, with deliveries on the rise and occupancy falling.

  • Detached homes with a parking lots, cars and a pond in the foreground
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    Permission granted by Champion Real Estate Co.
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    Q&A

    Student housing firm sets sights on Power Five conference schools

    Champion Real Estate avoids the amenity wars by purchasing and renovating older properties.