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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—Glenn Rufrano's outsider status at ARCP will help him establish a new culture at the net lease REIT, says Fitch Ratings. At other real estate trusts, an insider CEO might provide greater continuity.
MADISON, WI—Reportedly valued at $1.35 billion including the assumption of debt, the secondary buyout occurs three years after Apollo Global Management took the company private for $740 million.
NEW YORK CITY—In line with other industry forecasts, most <i>Real Estate Forum</i> readers expect CMBS originations of at least $101 billion this year; read this preview of an upcoming feature for more.
NEW YORK CITY—A commercial real estate veteran who's had a relationship with MFA since the 1980s, Westerfield ran Morgan Stanley's global commercial real estate finance group until 2008.
BLOOMFIELD HILLS, MI—“We have the capability and the track record to develop from coast to coast,” Agree Realty Corp.'s president and CEO, Joey Agree, tells GlobeSt.com.
NEW YORK CITY—Fitch Ratings predicts an increase in losses on special servicers' REO assets as the loans stay in their inventories for longer periods of time compared to a year ago.
CHICAGO—The sale of 311 W. Monroe in the home city of Transwestern's Gary Nussbaum illustrates the point that investors are taking on more risk—even when it means largely-vacant properties.
SAN FRANCISCO—“Strengthening fundamentals throughout North America support a positive forecast” between now and 2017, says Maria Sicola, head of research for the Americas group at Cushman & Wakefield.
LOS ANGELES—CBRE says multifamily investment for 2014 topped 2007's total; Axiometrics' Stephanie McCleskey sees the prior year's market dynamics continuing “for several reasons.”
WASHINGTON, DC—A new generation of distribution centers is being developed expressly to support high-volume package through-put, write IMS Worldwide's Curtis Spencer and Steve Schellenberg in a NAIOP Research Foundation white paper.