News | Multifamily

October 10, 2025
First tenants sign on for $10 billion botanical project aiming to reshape Beverly Hills retail
Three high-profile dining and retail tenants are the first to commit to One Beverly Hills, a $10 billion luxury development that aims to rethink the way people shop in Los Angeles by adding more green space than any such project in the city.
October 10, 2025
California governor signs criticized law to build apartments near public transit
California cities could see taller apartment buildings and more of them sprouting near transit stops under a historic bill signed into law by Gov. Gavin Newsom.
October 10, 2025
Upscale office, apartment towers headed to Dallas' Preston Center
A development group is getting ready to bring more than half-a-million square feet of upscale mixed-use space to Preston Center near some of Dallas' most affluent residential neighborhoods.
October 10, 2025
Riverside apartment complex changes hands
A group of investors has acquired the Casa Granada Apartments, a 44-unit multifamily property in Riverside, California, for $8.35 million, or approximately $189,773 per unit. The complex was on the market for 383 days before selling.
October 10, 2025
Belpointe OZ refinances flagship Sarasota, Florida, apartment project
Belpointe OZ, a publicly traded firm that invests in properties within U.S. opportunity zones, has closed on a refinance of up to $204.14 million for its flagship Aster & Links development in Sarasota, Florida.
October 10, 2025
Houston apartment rent losses continued in September
Pushing apartment rents is currently difficult in Houston, according to many local property managers as the market continues to work through the recent supply wave. And Apartments.com data echoes this: the average asking rent at Houston apartment properties decreased 0.3% in September, mirroring the decline in August and marking the sixth-consecutive month with flat or negative rent movement.
October 10, 2025
US apartment rents fall in steepest September decline in more than 15 years
U.S. monthly apartment rent growth declined last month in its deepest September drop in more than 15 years as excess supply affected all parts of the country.
October 9, 2025
This just-sold luxury property shows how San Francisco's apartment demand is surging back
Back in 2021, when COVID-19 was causing shifts in the multifamily market, a new 12-story luxury San Francisco apartment building called the Vance invited prospective tenants to an autumn roof party with free drinks, food and prizes in exchange for touring a unit.
October 9, 2025
Florida construction company gears up for expansion with latest promotion
Kast Construction is gearing up to expand into new market sectors throughout Florida, promoting former chief operating officer Sean Ouellette to president to lead the construction management firm’s growth.
October 9, 2025
Developers sell second phase of luxury Miami River apartments
Developers Mast Capital and AEW Capital Management have sold Remi on the River, the second phase of a project formerly known as Waterline Miami River, for $108.32 million.
October 9, 2025
Chicago leads the nation in apartment rent growth amid tight supply
Chicago’s multifamily market is currently outpacing the nation in rent growth, with year-over-year asking rents rising by 3.7% at the end of the third quarter. This marks a notable acceleration from the 2.6% growth recorded at the same time in 2024, representing an increase of over 100 basis points. Nationally, rent growth remains subdued at just 0.6%, placing Chicago firmly at the top among the 25 largest markets.
October 9, 2025
Federal job cuts, budget uncertainty hit DC's multifamily sector
Washington, D.C.'s apartment market is losing momentum as leasing slows and vacancy edges higher, according to new data from CoStar.
October 9, 2025
Long Island's household incomes are climbing faster than apartment rents
The multifamily market on Long Island, New York, has seen demand and new construction surge since the second half of 2023. From the third quarter of 2023 to the third quarter of 2025, the area averaged about 360 units of absorption per quarter, significantly above the quarterly average for the preceding five years of 215 absorbed units. Construction reached an all-time high of almost 1,900 units in 2023 before tapering off in 2024 and 2025.
October 9, 2025
In the Puget Sound region, a supply surge leaves older apartments searching for renters
The Seattle metropolitan area’s apartment market shows signs of divergence between newer and older assets.
October 9, 2025
Investment volume in Portland, Oregon, drifts lower in the third quarter of 2025
Investment activity in Portland, Oregon, fell slightly in the third quarter of 2025. Early data suggest that the total volume across all property types — office, retail, industrial and multifamily — came in at $703 million, a 15.1% decrease from the second-quarter mark of $828 million.
October 9, 2025
Manhattan office conversion to begin, spurred by plan to boost housing
Midtown Manhattan has landed an office-to-residential conversion project in the wake of a newly approved rezoning plan that seeks to encourage more housing.
October 9, 2025
Change is in the air: What's on the minds of the world's real estate investors
There was a tangible sense the commercial property industry isn't just ready for better times but witnessing them at this year's Expo Real conference in Munich. It was boosted no doubt by an increase in delegates and almost chaotically busy scenes at the leading brokerage's stands.
October 8, 2025
CoStar World News for Oct. 9
October 8, 2025
Salt Lake City apartment rents decline for third straight month
Competition from new supply continues to weigh on Salt Lake City’s rent growth as landlords drop rates and offer generous concessions to compete for tenants.
October 8, 2025
Downtown Los Angeles landmark once known for rice cakes reopens as apartments
A former rice cake factory in downtown Los Angeles is now serving up affordable housing for hundreds near one of the city’s largest homeless populations.

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