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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—One metric that isn't keeping pace is development, with construction largely confined to New York, Miami and a few other markets that can absorb it, says Marcus & Millichap.
WASHINGTON, DC—With properties including the Dallas Infomart, the combined company under the aegis of ASB Real Estate Investments will manage a 2.2-million-square-foot, 100-megawatt portfolio.
LOS ANGELES—The strengthening was evident across the board, with all property types seeing “notably improved demand trends,” says economist Jon Southard at CBRE. That showed up in pricing as well.
NEW YORK CITY—“Every occupancy level for various types of commercial real estate is experiencing better and better quarters,” Marcus & Millichap's chief strategy officer said in a recent segment of Bloomberg's <i>Street Smart</i>.
FORT WORTH—The agreement announced Friday with Standard General LP and others may result in the lenders gaining control of up to 80% of the electronics retailer's stock.
NEW YORK CITY—September's Labor Department report marked only the fifth time in the past decade that office-using employment increased by more than 100,000 in a month, writes C&W's Ken McCarthy.
NEW YORK CITY—The secondary fund, which will invest in real estate and other sectors, is the first to be raised since Blackstone acquired the platform from Credit Suisse in 2013.
NEW YORK CITY—A Clarion Partners report says the growth in financial services employment hasn't been here or in San Francisco, but in markets such as Dallas, Salt Lake City and Nashville.
HOFFMAN ESTATES, IL—Proceeds from the sale and other sources will give the retailer about $1.4 billion of liquidity in fiscal 2014 as it works on turning around its fortunes.
BOSTON—The multifamily investment manager has assembled a board that includes Joseph Azrack and the Swig Co.'s Jeanne Myerson along with cofounders George and Douglas Krupp.