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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—CIT's chairman and CEO, John Thain, says the deal “will combine CIT's national middle market lending platform with OneWest's wholesale lending and branch banking franchise.”
RICHARDSON, TX—The three-building complex at 1717 East CityLine Drive will represent a relocation for 1,700 Raytheon employees now based in Garland, where the defense contractor has operated since the 1950s.
VACHERIE, LA—The methanol manufacturing complex, to be completed in three phases near the Mississippi River, represents the first major foreign direct investment by a Chinese company in Louisiana.
NEW YORK CITY—For Prologis and other industrial REITs, Barclays Capital is forecasting a positive outlook, while the view for office and retail is more mixed.
NEW YORK CITY—RCS Capital's Michael Weil will head up the new platform, which will integrate Trupoly Inc., a locally based investor relationship management portal.
NEW YORK CITY—The pending acquisition of Van Wagner Communications' outdoor advertising businesses will “contribute significantly to our REIT operations, driving increased shareholder value,” says CBS Outdoor's CEO, Jeremy Male.
LOS ANGELES—Greater flexibility and choice creates higher levels of employee satisfaction, says a CBRE report, which predicts that “these types of strategies will become the standard by the time many current office leases expire.”