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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.
TORONTO-A spokesman for the asset-management arm of the firm says the Brazilian suit, news of which published widely on Wednesday, was the product of a disgruntled employee.
DOWNSVIEW, ONTARIO—H&R is poised to close on the acquisition of its rival. The REIT was in a bidding war with KingSett, which has withdrawn its bid and joined in H&R's acquisition.
NEW YORK CITY-If you didn't, you're in the minority, according to a study just completed by CoreNet Global and FPL Associates, which GlobeSt.com has accessed exclusively.
ARLINGTON, VA-GlobeSt.com learns exclusively that Promontory Interfinancial is launching a marketplace for lenders, brokers and advisers to share—and hopefully move—bank assets.