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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.
HOUSTON—“The US is showing indications of increasing economic activity, while both Europe and Asia are showing signs of reaching stall speed,” writes Transwestern's Tom McNearney.
LOS ANGELES—“With spreads remaining tight, all-in financing costs are still highly attractive,” says CBRE's Brian Stoffers, affirming that it's still a borrower's market.
WASHINGTON, DC—Despite fears in some quarters of overbuilding, “there is a lot of evidence that multifamily fundamentals will remain strong,” says a forecast from Cassidy Turley.
CHICAGO—The sale of 38 Hyatt Place and Hyatt House properties to Dallas-based Lone Star was the second lodging portfolio deal announced on Thursday, and the fourth in the extended stay and select service space in as many months.
OAK BROOK, IL—“This story is not likely to have a happy ending, and that ending continues to depend on suppliers,” Credit Suisse analysts wrote in a note on Thursday.
BOSTON—The private equity firm is entering the lower-risk, lower-return arena after raising more than $8 billion for opportunistic funds since its founding in 2003.
WASHINGTON, DC—“A firming job market is helping to unleash pent-up demand for new homes and contributing to a gradual, upward trend in builder confidence,” says NAHB's David Crowe, although first-time home buyers are still absent.
SAN FRANCISCO—Interviewed on CNBC's <i>Fast Money</i>, Marcus & Millichap's chief strategy officer said current household formation trends favor rentals, and therefore the REITs that own them.
DALLAS—Four years into multifamily's recovery from the Great Recession, “there hasn't been any notable deceleration in rent growth,” says locally based Axiometrics.
BETHESDA, MD—As part of the deal, Simon Property Group will acquire two Glimcher properties; Glimcher CEO Michael Glimcher will assume the same role at the combined company.