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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.
WHITE PLAINS-European capital is making the commute from Manhattan to the suburbs, apparently, as Two and Four Gannett Dr. here change ownership. Local brokers are dubbing the deal a record for Westchester at some $200 per foot.
WHITE PLAINS-European capital is making the commute from Manhattan to the suburbs, apparently, as Two and Four Gannett Dr. here change ownership. Local brokers are dubbing the deal a record for Westchester at some $200 per foot.
NEW YORK CITY-Forget the bubble. Repricing is here to stay, so deal with it, say experts at NAREIT's Institutional Investor Forum. But before long, certain foreign players may not be as they search for better yields.
ST. PAUL-MuniMae, in a perennial acquisition mode, has made its second acquisition this year with the purchase of the locally based commercial mortgage banker. Earlier this year, MuniMae acquired MONY Realty Capital from Axa Financial. The new buy hikes assets under management to more than $15 billion.
ST. PAUL-MuniMae, in a perennial acquisition mode, has made its second acquisition this year with the purchase of the locally based commercial mortgage banker. Earlier this year, MuniMae acquired MONY Realty Capital from Axa Financial. The new buy hikes assets under management to more than $15 billion.
DENVER-Boards of both companies gave the thumbs-up to the purchase, which will create an operation boasting a 350-million-sf industrial portfolio. It "changes the landscape of US industrial," says ProLogis chief Schwartz.
DENVER-Boards of both companies gave the thumbs-up to the purchase, which will create an operation boasting a 350-million-sf industrial portfolio. It "changes the landscape of US industrial," says ProLogis chief Schwartz.