Commercial/Multifamily Briefs

Real estate and investment management firm Colony NorthStar sold The Townsend Group, Cleveland, to professional services firm Aon for $475 million.

Single-Family Rental Market Continues to Stabilize

Morningstar Credit Ratings, New York, said lease expirations across single-borrower, single-family rental securitizations declined to 5.2% in November while the average retention rate of expiring leases improved to 79.3%.

CREF Highlights

Commercial and multifamily developments and activities relevant to your business and our industry.