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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-Vornado Realty Trust pulls its name from the bidding war for Equity Office. That leaves the Chicago-based trust right where it was in November--and right where the EOP board wanted it to be--in the hands of Blackstone.
NEW YORK CITY-While bond markets took a more pessimistic view of the 2007 outlook, the global stock markets supported--rightly, it turns out--an economy that's not too hot or too cold.