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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—This investor class accounted for about 46% of the total dollar volume for US commercial real estate sales in 2014, says Real Capital Analytics, although the picture changed in January.
NEW YORK CITY—AIP Phoenix Global Real Estate Secondaries Fund II will focus primarily on acquiring secondary interests in private equity real estate funds and making co-investments alongside fund managers.
NEW YORK CITY—The investment group of the Agnelli family reportedly prefers a private buyer and will not sell to a competitor; a C&W spokesman tells GlobeSt.com that there is “currently no transaction to disclose.”
LOS ANGELES—CBRE's new office-sector report notes that “construction activity has broadened across markets as it has risen,” although single-tenant development has been largely responsible for recent quarterly gains.
IRVINE, CA—The firm is projecting a 6.6% year-over-year increase this month even as the national market faces “extraordinarily limited inventory” among other headwinds, says EVP Rick Sharga.
NEW YORK CITY—Blackstone Energy Partners, targeting a broad spectrum of sectors, aims to take advantage of the recent downturn in oil and gas prices, says CEO David Foley.
NEW YORK CITY—This year began with the best January for employment opportunities in commercial real estate since the Cornell/SelectLeaders Job Barometer was established, suggesting that 2014's momentum is continuing, GlobeSt.com reports <b>EXCLUSIVELY</b>.