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John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
NEW YORK CITY-While bond markets took a more pessimistic view of the 2007 outlook, the global stock markets supported--rightly, it turns out--an economy that's not too hot or too cold.
ORLANDO-And another REIT bites the dust, this one with Morgan Stanley taking up all of CNL Hotels & Resorts' outstanding common stock and debt. Ashford Hospitality gains in the deal, too.