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John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
NEW YORK CITY-Cushman & Wakefield is turning from Japanese. Italian investment trust Ifil has closed on its purchase of a 71.5% stake in the New York City-based services firm.
CANNES-The fledgling European trust market remains focused on the addition of new REIT structures and new public players, despite the allure of higher private-sector valuations rampant in the US.