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...
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.
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.
