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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.
CALABASAS, CA—“The trends are building momentum, especially for the property types that have lagged behind through the recovery so far,” says Hessam Nadji, chief strategy officer at Marcus & Millichap.
SEATTLE—However, even as market conditions iimprove, “Saving a down payment, qualifying for a mortgage and finding an affordable home to buy all remain formidable challenges for many,” says Zillow economist Stan Humphries.
RIO DE JANEIRO—Although economists have lowered their near-term outlook for the country, Tishman Speyer maintains “great confidence in the long-term vitality of Brazil,” says the firm's Rob Speyer.
NEW YORK CITY—“Our collaboration across geographies and services resulted in record revenue and profitability,” says Edward C. Forst, Cushman & Wakefield's president and CEO.
WASHINGTON, DC—Even with new starts at triple the levels they sank to during the recession, “we've chronically under-built for years,” says NMHC chairman Daryl Carter.
SAN FRANCISCO—“We have demand outpacing supply by a wide margin, and improving fundamentals across the board,” Marcus & Millichap's Hessam Nadji said on a recent segment of CNBC's <i>Halftime Report</i>.
NEW YORK CITY—GPT is assuming $128 million of mortgage debt on the portfolio, encumbering 11 of the 12 properties it has acquired from Dividend Capital Diversified Property Fund Inc.
GREENWICH, CT—Having exceeded its fundraising target by more than $1 billion, Starwood Global Opportunity Fund X is being divided roughly 50/50 between the US and Europe.
PHOENIX—Following the closing on what was reportedly the biggest leveraged buyout of 2014, the pet products retailer's president and CEO is stepping down.