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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—However, a BlackRock survey of institutions in the US and overseas found that the majority would rethink their allocations to real assets, especially real estate, if interest rates were to rise significantly.
LOS ANGELES—The combined company, to be led by Colony Capital's Thomas Barrack and Richard B. Saltzman, will unite the two entities' investment activity and resources under a single structure.
NEWTON, MA—Led by David Hegarty, the healthcare REIT says it has more than enough liquidity to handle its back-to-back portfolio acquisitions of medical office buildings and senior living communities, which total $1.3 billion.
NEW YORK CITY—The online grocer is building a 500,000-square-foot facility at the Harlem River Yard, which will house its corporate headquarters, as well as its food manufacturing and distribution facility.
NEW YORK CITY—BSD recently achieved a hit with its 215 Sullivan condo project in the same neighborhood, and now intends to meet “the market's strong rental demand,” says principal Raymond Chalme.
NEW YORK CITY—Rather than replace equity partner Prudential Real Estate Investors in the office and retail property along West 44th Street, APF has assumed full ownership.
NEW YORK CITY—The REIT's first portfolio deal since its spinoff last month from Newcastle, it will increase its NOI from private pay, independent living senior housing facilities to 93% of the total.
LAS VEGAS—The all-stock merger between Caesars Entertainment and Caesars Acquisition will bolster the restructuring of Caesars Entertainment Operating Co. and CEOC's planned conversion into a REIT.
NEW YORK CITY—The repositioned office property near Grand Central Terminal could fetch upwards of $400 million as it's shopped around to institutional and international investors.
NEW YORK CITY—A partnership of General Growth Properties and Jeffrey Sutton has pre-empted a planned auction of the Fifth Avenue trophy, according to published reports.