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The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices rose 0.3 percent month-over-month in August on a seasonally adjusted basis. The intermediate demand index of components and materials for construction was up 5.1 percent from its year-earlier level. Overall prices for processed goods for intermediate demand rose 1.8 percent this month after falling for the last 2 months.

April Housing, Blackstone Real Estate’s affordable housing portfolio company, announced it has extended affordability for at least 30 more years at a 336-unit affordable housing community in Homestead, Florida. This affordability extension was achieved through the resyndication process, which preserves long-term affordability for residents while committing more than $27 million to a community-wide renovation.

Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) dedicated to serving the company’s institutional clients, announced the sale of The Preserve, a 399-unit multifamily asset in Grapevine, Texas. “The property is a stabilized Class A asset with 96% average occupancy over the trailing 12 months in a city with a fundamentally restricted multifamily pipeline,” said Drew Kile, IPA executive managing director.

Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale and financing of 1534 S Shenandoah St., a 20-unit multifamily property in Los Angeles. The property sold for $5.4 million or approximately $352 per square foot. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, arranged $3.8 million in acquisition financing.

Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood of Brooklyn. The asset sold for $2.8 million. “This is the second time in five years our team has sold this property,” said Daniel Greenblatt of Marcus & Millichap’s New York City office.

Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Green Acres Apartments, a 40-unit multifamily community in Flint, Michigan. The property sold for $2,425,000, or $60,625 per unit.

Kennedy Wilson has unveiled plans for Caldwell, a 382-unit luxury community in Sandy Springs, Georgia. The $139 million project, the firm’s first in the state, is being developed through a partnership with Japanese construction company Shimizu Corp. Caldwell is being developed at a former UPS office site. UPS vacated the office in July 2025, relocating approximately 500 employees to other Atlanta-area locations.

Morgan Stanley Investment Management has purchased two senior communities totaling 299 units in the Tampa, Fla., and Orlando, Fla., metro areas, through its Morgan Stanley Real Estate Investing funds. The portfolio comprises the 193-unit Sonata Lake Mary in Lake Mary, Fla., and the 106-unit The Preserve at Dunedin in Clearwater, Fla., public records show. AgeWell sold the Lake Mary property for $60 million, while Berkshire Residential Investments sold the Clearwater community for $31.1 million.

Waterton, a national real estate investor and operator, announced it has acquired Reserve at Chino Hills, a 482-unit rental community in Chino Hills, CA. The 20-acre garden style community at 4200 Village Dr. comprises 46 residential buildings and a clubhouse. Located in the western-most point of Inland Empire, the low-density community is proximate to the intersection of San Bernardino, Los Angeles, Riverside and Orange counties with convenient access to the region’s employment centers.

Spandrel Development Partners announced major plans for the mixed-use transformation of a former office tower will include 399 unbranded residences and a 200-key W Hotels property. Plans have been filed to transform the mostly vacant 32-story 400 South Tryon tower into nearly 600 apartments, a hotel and new retail space in what would become the city’s largest office-to-residential conversion ever.