King & Spalding partner Clay Howell tells us multifamily is the favored sector right now, especially due to the cheap debt available from Fannie and Freddie (it also means acquisition pricing is becoming quite aggressive). In addition, ?people are actually talking about new development,? says Clay, a moderator of our multifamily event tomorrow (Last call to sign up). Speaking of development, above is K&S? HQ at 1180 Peachtree (winner of ULI?s Award for Excellence in 2007). K&S has been repping both developers and investors nationwide, including recapitalization of ?broken? condo deals. In addition to traditional real estate transaction work, other areas of expertise include real estate M&A, fund formation, and complex development work. Clay also offered us a look ahead: ?The future of multifamily will be driven by job creation (or lack thereof) and the continued viability of Fannie and Freddie.?