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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 owner of the SAT and other standardized tests will relocate its headquarters to Brookfield Place, GlobeSt.com reported in January, while for Fordham the acquisition means a consolidation from three separate offices.
NEW YORK CITY—Whole ownership of the 210-key hotel, as opposed to a two-thirds stake, “provides us more flexibility and control to recycle the asset at the right time,” CEO Mark Hoplamazian said on an earnings call last week.
CALABASAS, CA—A number of economic indicators point to “a US economy that continues to generate new business opportunities for US companies,” writes Marcus & Millciahp's Hessam Nadji.
NEW YORK CITY—Madison Realty Capital is targeting commitments of $600 million with Debt Fund III, and will originate and acquire commercial mortgage loans with the fund.
NEW YORK CITY—Summing up a Q2 marked by growth, CEO Nicholas Schorsch says, “The team is executing on our business plan and we believe the New York City real estate market remains vibrant.”
NEW YORK CITY—When the cash-and-stock deal closes, NorthStar will boast “a leading healthcare real estate platform with a strong mix of diversified assets, attractive contractual lease bumps and formidable EBITDAR coverage,” says the REIT's James Flaherty.
HOUSTON—Transwestern reports that CRE “continues to offer attractive yield to income-oriented investors and opportunistic upside for those investors looking for higher return and higher risk investments.”