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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.
INDIANAPOLIS—The 62-property sale marks a continuation of the REIT's strategy to reduce its exposure to suburban office, CEO Denny Oklak said Wednesday.
NORWALK, CT—And the fundamentals in the market suggest it will not let up anytime soon, says Brad Trotter in this EXCLUSIVE interview with GlobeSt.com.
NEW YORK CITY—The asset management giant raised $9.7 billion of new capital in the real estate space during 2014, but may beat that tally with a single fund this year.
NEW YORK CITY—The French banking and financial services firm's relaunching of a platform it took down amid the financial crisis comes at the outset of the so-called “wall of maturities” for 10-year CMBS loans.
LONDON—While they don't expect a higher bid by Thursday's deadline, Songbird Estates' directors say the offer from Brookfield and Qatar's wealth fund “does not reflect the full value of the business.”
NEW YORK CITY—Hurwitz, who stepped down as CEO of DDR at the end of 2014, cites Blackstone's “unparalleled track record, reputation and network in the real estate industry.”
ATLANTA—“We believe these increases are the direct result of corporate real estate professionals assuming more strategic roles and taking on more leadership positions,” says CoreNet Global's Angela Cain.
NEW YORK CITY—Aside from markets on the West Coast and in the Sunbelt, “most of the rest of the country is lagging the national index gains,” says S&P Dow Jones' Blitzer.
IRVINE, CA—Nothaft, who had been at the GSA since 1986, will be responsible for expanding CoreLogic's economic policy unit and enhancing its research capabilities.