Some buyers are trying to renegotiate prices, but a net result of recent moves could be a tightening in the spread between multifamily cap rates and yields on 10-year Treasuries.
Ghost kitchens were a pandemic winner. But with people coming back to indoor dining and starting to watch their spending, the sector is experiencing some growing pains.
People have a growing appetite for innovative technology in all aspects of their lives – and apartment developers and investors trying to stay ahead of the curve are discovering that the future in apartment living is converging around a “smarter” experience.
Ortega’s holding firm Pontegadea has reached an accord to acquire the 64-floor luxury apartment complex for about $500 million. The building was sold by Carmel Partners.
Apartment rents continued to rise to record levels throughout the country in June. The New York Times looks at how widespread remote work is leaving young people missing out on workplace friendships. These are among today’s must reads from around the commercial real estate industry.
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