In 2021, rents for professionally managed apartments rose by almost 12%—more than triple the average recorded in the five years preceding the pandemic.

In 2020 and 2021, office conversions created a total of more than 13,000 apartments nationwide.

The S&P 500 has fallen 23% in 2022, marking its worst start to a year since 1932. 

The average rate on a 30-year fixed-rate mortgage rose to 5.78%, the highest level since November 2008 and well above the 3.11% recorded near the start of the year.

Inflation and high fuel prices are also taking a toll on consumer confidence with an index of consumer sentiment dropping again in June to its lowest point since the inception of the survey in the late 1940s.

Retail property transaction volume in the U.S. surged last year to nearly $82 billion, a 24% increase from 2019. The enthusiasm continued in the first quarter of this year, with transaction volume hitting $25 billion by April 30, an 82% increase over the same period in 2021.

Prologis Inc. is buying Duke Realty Corp. in a deal valued at $26 billion, including the assumption of debt.

Choice Hotels International, Inc. has entered into a definitive agreement to acquire the franchise business, operations and intellectual property of Radisson Hotel Group Americas for approximately $675 million.

The total value of commercial property sales in April was $39.4 billion. That was the lowest amount since February of 2021.

A group led by billionaire Walmart heir Rob Walton has agreed to purchase the Denver Broncos for $4.65 billion in a record-breaking transaction. The sale, which is still pending league approval, is far and away the richest ever for a North American sports team and doubles the high price for sales of NFL teams, which was previously about $2.3 billion.