Multifamily Completions Jump; Rents Stall

Yardi Matrix, Santa Barbara, Calif., said multifamily construction reached a 50-year high, with 420,000 new apartments expected to deliver nationwide this year.

A Record Year for Adaptive Reuse

More than 20,000 units in older office and other commercial buildings will be converted to apartments this year, reported RentCafe, Santa Barbara, Calif.

Industry Briefs Oct. 27, 2020

Stewart Appraisals Management Inc., Houston, announced its acquisition of Pro-Teck Services Ltd., DBA Pro Teck Valuation Intelligence.