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Pricing has become aligned with how aggressive the private debt funds have gotten in recent months and how aggressively priced multifamily deals have become overall.
The development will include a 15,000-square-foot penthouse where an executive can live and work under the same roof.
"I think the space constraints will dictate the protective measures that are needed."
Memphis, Salt Lake City, Savannah, Virginia's Shenandoah Valley and Central Valley California all made the cut.
Meanwhile, in Phoenix, Nashville, Denver and Austin the price is rising.
"If the trend continues, renters could expect to be paying pre-pandemic rates by as early as this fall."
US Trade Representative Katherine Tai told Senate lawmakers that she would push for solutions to the lumber pricing issues.
Gains in nonresidential were unable to overcome a pullback in single-family.
Central Banks around the world have bought trillions of dollars in government and corporate bonds to keep borrowing costs down.
Interest is coming from REITs and existing asset managers.