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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.
CHARLOTTE, NC—As the student housing REIT announced it was exploring strategic alternatives, stockholder Clinton Group Inc. proposed a new executive team to be headed by Campus Evolution's Andrew Stark.
WASHINGTON, DC—The shortage of quality stock is “feeding through into secondary opportunities” on the investment front, says RICS chief economist Simon Rubinsohn.
SAN ANTONIO—The real estate investment arm of USAA is “moderately optimistic about investment prospects in 2015,” with research head Will McIntosh predicting “an intriguing first half of the year.”
NEW YORK CITY—The asset management giant has reached an agreement with RXR to recapitalize a 5.3-million-square-foot office portfolio in New York and New Jersey, highlighted by the iconic Starrett-Lehigh Building.
BEACHWOOD, OH—Chairman Terry Ahern says Oakes, who had stepped in as senior executive officer after Hurwitz resigned, is “the right person to lead DDR into the future.”
NEW YORK CITY—However, longer-term economic and demographic trends continue to bode well for multifamily starts and demand among renters, Barclays' chief US economist said Tuesday
TORONTO—Splitting into separate companies, one focusing on commercial real estate and the other on residential services, represents “the next bold, but logical, step,” says founder and CEO Jay Hennick.
STAMFORD, CT—Establishing Starwood Vacation Ownership as a standalone entity would move the parent company forward in its “asset light strategy,” says Starwood CEO Frits van Paasschen.