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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 five-year loans cover 34 properties and 982 apartment units across Manhattan, Brooklyn and Queens; Dermot and Principal formed the JV in 2006.
NEW YORK CITY-Fosterlane Management is returning to Manhattan with its $485-million acquisition of 750 Seventh from Hines; the property drew more than two dozen bids.
NEW YORK CITY-‘It doesn’t take a rocket scientist’ to understand the insurer’s focus on America, CEO Piani said at a conference Monday.