CoStar Insights

Top News This Week: Multifamily Bull Market Rolls On As Demand, Rents Hold Steady

by CoStar News | Nov 21, 2016

News in Review

Take a look at the latest roundup of the week’s top national commercial real estate stories, as reported by our plugged-in and in-the-know CoStar News team.

Apartment Demand, Rental Rates Hold Steady Against Unprecedented Supply in Healthy-But-Slowing Apartment Market

The U.S. multifamily market continued its historic run in the third quarter as demand for apartment units remained strong, matching a surge in new supply as developers continue to add new units at a record pace.

Macy's Not Alone in Facing "Permanent Right-Sizing" for Inefficient Large Stores

Macy’s announced closures affect 140 stores in all. But that still doesn't address the underlying problem: many of the 575 stores Macy's presumably plans to keep open still have a large amount of excess or underutilized real estate within those stores..

Grappling with Post-Election Unknowns at Saul Ewing Conference

Convening just two days after one of the most shocking election upsets in U.S. history, the 300 real estate investors, brokers and developers attending the 8th annual Saul Ewing real estate conference in Baltimore could be forgiven if they seemed, like the rest of the country, a bit dazed and confused.

American Campus Communities Sells 19-Property Portfolio for $508 Million

Continuing to divest non-core assets, American Campus Communities, Inc. this week sold a portfolio of 19 student housing properties in nine states totaling 12,083 beds. Los Angeles-based Saban Real Estate bought the properties for $508 million.

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