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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.
CALABASAS, CA—Strong capital flows keep coming in on the debt and equity side, while the slow economic recovery has boosted performance, Marcus & Millichap says.
NEW YORK CITY—First reported by GlobeSt.com in June, the sale of 71 grocery-anchored centers to a DDR/Blackstone joint venture helps ARCP “focus on reducing complexity,” says CEO David S. Kay.
NEW YORK CITY—The nearly 210,000-square-foot lease would consolidate MUFG Union Bank's space from other Midtown locations, according to published reports.
NEW YORK CITY—“Sustained strong operating fundamentals across all of the sub-sectors of Blackstone's global real estate portfolio” have led to record year-to-date earnings and economic income, the asset management firm said Thursday.
WASHINGTON, DC—The SEC has signed off on a Finra proposal to require members to include a per-share estimated value for an unlisted DPP or REIT on customer statements.
IRVINE, CA—The trio of deals and Florida development loan provide “a cross section of the types of deals that have been a hallmark of Sabra's success,” says CEO Rick Matros.
LOS ANGELES—Houses, as opposed to apartments, now comprise more than one-third of the rental market nationwide, CBRE says, although rental growth generally is expected to remain robust.
NEW YORK CITY—If the wireless infrastructure REIT doesn't have the right cost of capital, “it should not be pursuing acquisitions or issuing equity,” activist shareholder Keith Meister wrote in a letter Tuesday, which proposes a plan for boosting CCI's equity currency.
NEW YORK CITY—“You have to understand the amount of equity that's in this city today, and people's return expectations,” Eastern Consolidated's David Schechtman said at the recent RealShare New York conference.