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Like Blackstone's AIR Communities deal, this transaction boosts hope that multifamily is recovering.

Office and some multifamily types are the big concerns say the regulator.

Insurance premiums rose 27.7% YOY in January

Typical US renters must earn $64,000 per year to afford an apartment.

Companies are seeking prime office amenities to recruit and retain talent.

The move has been triggered by the Steward Health Care bankruptcy.

But there is no guarantee the deal will close.

Rezoning, new 421a deadline spur housing projects in Brooklyn.