Starts fall dramatically

Completions rose 13.6% year over year, markedly lower than the 61% YOY increase in October, while permits jumped.

Middle Street Partners adds Marysa Raymond as director of asset management

The former Greystar senior director joins the company as it expands development and acquisitions in the Southeast.

MSCI: Apartment sales jump 40%

Buoyed by Blackstone’s purchase of AIR in June, 2024 apartment sales exceeded 2023’s totals.

Investcorp acquires 4 student assets for $300M

The properties, which encompass more than 2,500 beds, are located at major schools in Texas, Kentucky and Oklahoma.

Property buyer sues developer for ‘misrepresented’ $70M sale in St. Louis

Silverstone Management alleges the development firm did not disclose construction defects and artificially inflated occupancy at a 272-unit property.

Mesirow makes $185M San Diego acquisition

The purchase of the 410-unit Preserve at Melrose is the area’s second-largest deal of the year.

Owners, operators adjust to recent regulatory changes

Multifamily professionals in California and New York have seen the most new laws come into play.

Keeping the human element in a centralized strategy

Atlas Real Estate’s property management model incorporates automation and artificial intelligence, but still ensures tenants can speak to staff.

Updated Dec. 18, 2024

FTC finalizes junk fees rule

The measure, which targets event ticketing and short-term rentals, does not directly address the multifamily industry.

Updated Dec. 17, 2024

Turner tops out $345M California mixed-use project

222 North City, developed by San Diego-based Sea Breeze Properties, will create 460 residential units across two 12-story towers.

Canyon raises $1.2B investment vehicle

CRED III will target real estate debt investments and real estate credit securities across the U.S.

Optima plans to double unit count on Chicago’s North Shore

Optima Lumina will be the developer’s second mixed-use project in Wilmette, Illinois, located next door to the first.

Sports developer pitches $250M project next to Louisville’s Slugger Field

The Louisville Sports Entertainment District would include rental units, a hotel, shops and a new field entrance.

Portman links apartments with office tower in Charlotte’s South End

Pre-leasing has begun at the 370-unit Linea tower, situated along a future light rail stop.

‘Not a bad legacy’: Bolton stepping down at MAA

Brad Hill will take over as CEO, effective April 1, 2025, for the second-largest apartment owner in the county.

Judge denies request to toss out Yardi case

The software provider and 10 apartment operators argued that the plantiffs didn’t have standing and were “attempting to manufacture a Sherman Act violation.”

508-unit NYC building likely to head to servicing

The property, 180 Water St., has a $265 million loan that originated in 2019 and an additional $100 million in mezzanine debt.

New supply leads rent prices lower

The national average rent fell by $5 in November, and growth is slowing month over month in most major markets.

New York City makes sweeping zoning changes to address housing crisis

The plan approved last week creates the nation’s most populous area without parking mandates for new residential construction. It also eases office-to-residential conversions and allows more density.

Dune, TF Cornerstone create $1B conversion venture

The firms formed Alta Residential, which will convert office buildings to residential uses in cities with high barriers to entry.

DOJ reportedly ends criminal probe of multifamily pricing practices

Despite Friday’s announcement, the department's civil case against revenue management firm RealPage continues in federal court.

Note from the Editor-in-Chief

A change in ownership and what it means for our readers.

The largest multifamily starts of October 2024

Groundbreakings include a renovation in New York City and a mixed-use development in Washington, D.C.

Hudson Valley Property Group acquires 22-property portfolio

The firm purchased the 4,768 units, located in Washington, Colorado, California and Idaho, from Inland Group.

Greystar hires senior managing director of digital technologies

In the newly created role, Jordan Kobert will lead the multifamily giant’s product and engineering teams.

Updated Dec. 9, 2024