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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-Count the hotel owner/developer among the growing list of clients bidding farewell to Arthur Andersen in the wake of the Enron scandal. Ernst & Young will step into the breech.
NEW YORK CITY-Everyone's been talking about rebuilding downtown. Law firm Richards Spears Kibbe & Orbe is putting its money where politicians' mouths are with a 15-year lease at One World Financial.
NEW YORK CITY-In a deal scheduled to close midyear, the locally based REIT will pick up the 1.75-million-sf asset in joint venture with SITQ Immobilier. Green will be the majority owner.
NEW YORK CITY-Slowly, answers are coming to the major questions posed on Sept. 11. Another piece of the mammoth puzzle created that day has been fit with bond brokerage Cantor Fitzgerald, which lost 658 people at the World Trade Center, inking a deal for Midtown space.
WASHINGTON, DC-The Mortgage Bankers Association weighed the relative value of multifamily versus single-family development to national prosperity at its annual National Housing Summit yesterday. Among a largely multifamily-oriented panel, a national single-family housing initiative lost the debate.
NEW YORK CITY-Integra Realty Resources, in its latest investment survey, says that most markets--except for hotels--are recovering nicely, thank you. But owners' over-inflated view of building value isn't helping the capital pipeline to flow again.
NEW YORK CITY-Integra Realty Resources, in its latest investment survey, says that most markets--except for hotels--are recovering nicely, thank you. But owners' over-inflated view of building value isn't helping the capital pipeline to flow again.