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Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
NEW YORK CITY—The REIT will defer its tax gain in a like-kind exchange as part of ts previously announced acquisition of the St. Regis Hotel retail on Fifth Avenue.
SEATTLE—Zillow's Stan Humphries predicts that “housing will play a bigger role in the broader economic recovery,” while Axiometrics' Jay Denton sees more demand for apartments.
DALLAS—AHT and a value-add fund managed by Prudential Real Estate Investors first partnered on the Highland Hospitality portfolio with a mezzanine loan in 2008.
NEW YORK CITY—Sponsor AR Capital says the defamation suit is “without merit” and that its chairman, Nicholas Schorsch, “denies the allegations and intends to defend against the claims vigorously.”
NEW YORK CITY—However, Kroll Bond Rating Agency predicts that the past year's trend toward deteriorating credit standards in conduit deals is likely to continue into the new year.
WASHINGTON, DC—The lapse in the program to backstop terrorism insurance “simply must be reauthorized as soon as possible to mitigate the economic damage” of a lack of coverage, says the Real Estate Roundtable's Jeff DeBoer.
LOS ANGELES—Dovetailing with the best quarter for net absorption since 2007, five of the world's top 10 office markets for Q3 occupancy cost increases were in the US, says CBRE.
WASHINGTON, DC—With life companies, pension funds and REITs all active along with commercial banks, originations more than outpace “the low volume of loans maturing this year,” says Jamie Woodwell at MBA.