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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—The immediate focus for ARCP is “to stabilize Cole Capital, which we continue to believe is a valuable business, as we focus on creating long-term value,” says CEO David S. Kay.
LOS ANGELES—The new platform will make the type of service CBRE has provided to <i>Fortune</i> 500 companies “equally available to a much broader group of occupier clients,” says Whitley Collins, its Americas president.
DALLAS—One reason for the decrease among the youngest adult millennials, says Axiometrics, is their difficulty finding work, and so they either live with their parents or attend college.
SEATTLE—As consumers increasingly demand same-day deliveries, “The strongest demand and development will continue to be in the major markets,” Colliers' Dwight Hotchkiss tells GlobeSt.com.
NEW YORK CITY—The stock-and-cash acquisition of the Griffin-American Healthcare REIT II portfolio means “a high quality mix of diversified assets and stable, long-term cash flows,” says NRF's James Flaherty.
WASHINGTON, DC—“It remains a concerning issue that much of the world's most expensive and desirable real estate is built in locations that are vulnerable to the effects of climate change,” says ULI's Patrick L. Phillips.
ARROYO GRANDE, CA—With 40% of realtors not logging into their MLS systems, those who see this audience as ripe for technology adoption “may want to think again,” says WAV's Marilyn Wilson.
TORONTO—With assets across eight Canadian provinces and nine US states, H&R and the portfolios' co-ownership expect further growth in the industrial sector.
BOSTON—Almost half the fund has been invested already, with acquisitions including 1310 N. Courthouse Rd. in Washington, DC's Virginia suburbs, says portfolio manager Marc Davidson.