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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.
WASHINGTON, DC—“Improvements in housing and commercial real estate market activity will measurably help economic growth,” says NAR chief economist Lawrence Yun, summing up the association's latest report on commercial sectors.
SANTA MONICA, CA—Retail properties saw the biggest gain in volume, with $81.4 billion in total deals in 2014. One of those was a portfolio sale of more than 6.7 million square feet.
CALABASAS, CA—Surveying January's employment gains, Marcus & Millichap's chief strategy officer predicts strong positive absorption ahead in office and retail, among other things.
NEW YORK CITY—Although FINRA Rule 2014-006 hasn't taken effect yet, United Realty Trust's Jacob Frydman welcomes the greater transparency it will mean for investors in companies like his.
SEATTLE—Amid a period of transition in the industry, “demand for healthcare real estate is rising,” especially for properties best suited to provide convenience and lower cost, says Colliers' Mary Beth Kuzmanovich.
DALLAS—The moderation in rent growth that locally based Axiometrics expected after a stellar 2014 isn't materializing, says the firm's Stephanie McCleskey
GREENWICH, CT—The company has gone from zero to 2,301 units in acquisitions tied to public universities with an average enrollment of more than 30,000.
SYDNEY, AUSTRALIA—Prospective bidders for the office portfolio, located mainly in Sydney's CBD and valued at about US$6.6 billion, reportedly include LaSalle and the Abu Dhabi Investment Authority.
NEW YORK CITY—In construction boom periods, “a subcontracting marketplace that is better able to manage its administrative burdens is going to be better for everyone,” Knowify's Dan deRoulet Jr. tells Globest.com.
SEATTLE—The $2.4-billion combination will enable real estate professionals “to more efficiently and easily reach the nation's largest audience of engaged buyers, sellers and homeowners,” says CEO Spencer Rascoff of what is now known as Zillow Group.