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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 hour-long webinar sponsored by GlobeSt.com and Prudential Mortgage Capital Co. spells out the competitive picture for life companies, CMBS shops and agency lenders.
NEW YORK CITY—As the market for newly securitized loans tilts toward interest-only deals, Fitch Ratings points out that IO loans from the CMBS 1.0 years have shown higher default rates.
CALABASAS, CA—Large providers tend to favor newer product, often with flexible designs and features that promote efficiency, Marcus & Millichap says.
NEW YORK CITY—CEO David S. Kay says the “right-sizing” of the net lease REIT's unsecured credit line “enables us to meet our liquidity needs now, as well as our future capital needs.”
NEW YORK CITY—Now smaller by 10 properties, the $1.81-billion portfolio acquisition nonetheless will establish the REIT as one of the largest owners in the select-service space domestically.
NEW YORK CITY—The grocery-anchored portfolio, acquired from DDR, is concentrated mainly in upstate New York cities and their suburbs. For DDR, it marks a wind-down of its presence in the Buffalo metro area.
IRVINE, CA—The improving risk profile for CRE investments "has enabled overall cap rates to continue to decline despite higher interest rates,” says Peter Muoio at Auction.com Research.
LOS ANGELES—A CBRE report cites Northern Virginia, Colorado Springs and a handful of other data center hubs as providing the most cost-effective options for occupiers.
CALABASAS, CA—With the Federal Reserve's bond-buying program now over, all eyes will be on the central bank's timing for hiking short-term interest rates, according to Marcus & Millichap.