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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-A unanimous--but partial--verdict has been filed in the months-long World Trade Center insurance case. Jurors, although unable to come to terms on the claim of Swiss Re, otherwise have favored the one-incident scenario. Still, Silverstein can walk away with as much as $5.5 billion.
NEW YORK CITY-For months, rumors have been whispered about Arthur Mirante passing his CEO title on to US president Bruce Mosler. Nothing is official--and C&W executives refuse to comment. But the story is gathering steam.
ATLANTA-The communities—-totaling 1,091 units--are all located in the local area. Founder and CEO Charles S. Roberts sees a $4.50-per-share upside for investors.
NEW YORK CITY-Pundits differed over the future of the net-lease market in the face of potentially rising interest rates. The forum for the debate was RealShare Net Lease, held here yesterday at the Marriott Marquis.
LONDON-London developer Canary Wharf Group unveiled plans this morning to recommend the $3.1-billion buyout bid proposed by a group led by Morgan Stanley. The final word, however, won't come until next month, when shareholders are expected to cast their vote.
NEW YORK CITY--In HRO's first US deal for its German client, HausInvest takes a majority stake in the recently refurbished Manhattan Mall, partnering up with current co-owner Argent Ventures.