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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.
Leadership of BOMA International is advancing its troops on a variety of fronts. But regardless of the issue— whether it be energy efficiency, carried interest or mandated sustainability thresholds—one overarching goal guides the group's efforts: to increase the freedom and capability of its 17,000 members in 93 local associations to chart their own course for success.
The market is slowly recuperating. Over the next 12 to 18 months, the road, even with its bumps, will continue to improve. But, to trot out the old saw, the recovery (such as it is), won't raise all of the boats equally.
LONDON-Annual retail investment volumes of retail property are expected to rise as high as $180 billion by 2020, a 30 to 50% uptick. Cross-border activity is expected to account for half of this.
KOBLENZ, GERMANY—It's a sign of the times that the 1-million-square-foot industrial asset, in a local distribution hub, is fully leased to Amazon.com. And GlobeSt.com got the pricing exclusive.
LONDON-By taking a minority cut in trophy assets, Madison International provides an exit strategy for antsy investors. The firm is applying the same strategy in Europe, but on a cautious basis.
NEW YORK CITY-The joint venture with Mexican developer GFa Grupo Inmobiliario intends to develop as much as 18 million square feet in a nation Thor's Joseph Sitt calls "the new Brazil.
LOS ANGELES-Now officially established as a US-based provider, the firm is ready to roll out its push to increase its global footprint, with Canada, the US and Latin America in its sites.