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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.
AUSTIN, TX—With more than 55,0000 net acres across four counties, and Eagle Ford and Austin Chalk oil shale development opportunities, the unnamed buyer “sees and embraces the upside the assets offer,” says CEO David Honeycutt.
WASHINGTON, DC—Higher prices “may be pushing investors out of primary markets as strengthening market fundamentals provide increased confidence to invest in more non-prime markets,” according to CoStar.
TORONTO—The pension plan's equity commitments to the US apartment sector now exceed $1 billion, with the addition of investments in Block 6 in San Francisco and five other projects.
MADISON, NJ—As Realogy's NRT subsidiary consolidates local management operations of about 20,000 properties under a national platform, it has expanded its base with the acquisition of Dallas-based Get There First Realty Services.
“The CMBS space will provide outsized returns for dedicated investors who are able to invest opportunistically across the capital structure,” writes Ed Shugrue, CEO of Talmage, in the latest <i>CRE Finance World</i>.
OAK BROOK, IL—The publicly traded REIT will focus on the top 25 US lodging markets and key leisure destinations, with brands including Marriott, Hilton and Hyatt's Andaz.
BOSTON—Joining Transwestern from Savills Studley, Bourdelaise will be the company's first research director for the entire Northeast, GlobeSt.com has learned <b>EXCLUSIVELY</b>.
NEW YORK CITY—The designer for Jennifer Lopez and Alicia Keys, among others, will open a pop-up shop to coincide with the month-long Harlem Week celebrations, courtesy of the Consolo/Acquino team at Douglas Elliman.
NEW YORK CITY—The acquisition of RREP Recovery Partners reflects “the continued growth of our real estate and asset management businesses and investments,” says Cantor Fitzgerald CEO Howard Lutnick.
NEW YORK CITY—The active investor in retail and office space has plans to reposition three properties, which total about 320,000 square feet, for media and tech tenants.