AGP Executive Report
Last update: 7 hours agoBrokerage Fight: Compass sued California’s CRMLS, alleging its listing rules unlawfully restrict how homes are marketed. The dispute comes as another MLS rejects Compass’s position; eXp Realty has also settled a sexual-assault case brought by former agent Anya Roberts. Rent & Supply: Manitoba will cut allowable above-guideline rent increases by 40%. U.S. multifamily starts fell 7.2% in September and 25.9% year over year, as high costs and financing hurdles weigh on projects. Multifamily Stress: A Blackstone-backed loan transferred to special servicing after missing its October maturity, with $517.7 million outstanding and six properties left from the original 21. Affordable Housing: Construction began on a 98-unit Los Angeles community for low-income seniors, including people who have experienced homelessness. REIT Results: Agree Realty invested about $358 million in 94 retail properties in the third quarter, while funds from operations rose 4.9% to $1.15 per share.
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