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Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
TORONTO—The US$1.9-billion sale to a Blackstone fund comes on the heels of RioCan's acquisition of joint venture partner Kimco's interest in 22 Canadian shopping centers.
NEW YORK CITY—Tom Arnold, Americas real estate head at Abu Dhabi Investment Authority, cites the firm's "great confidence in the growth potential of the US industrial sector."
NEW YORK CITY—Nearly 1,000 units at the venerable Harlem apartment complex will be preserved as affordable through 2046, thanks to a series of tax breaks for new ownership A&E Real Estate.
McLEAN, VA—The 147 owned or leased Hilton properties worldwide are said to be worth more than $10 billion; CEO Christopher Nassetta recently alluded to "potential strategic alternatives" for the hotelier's real estate.
WASHINGTON, DC—Cushman & Wakefield economists see the Fed's initial quarter-point hike as "largely symbolic," although other commercial real estate experts have concerns about the long-term implications.
WASHINGTON, DC—With the year winding down, "we can see that the housing sector has made headway in 2015, and we expect the recovery to continue at a modest pace," says NAHB's David Crowe.
NEW YORK CITY—"We come here a different company," PREIT CEO Joe Coradino told GlobeSt.com at the ICSC New York conference. Find out what has changed for the shopping mall REIT
PRINCETON, NJ—Closing on the combination of Gramercy Property Trust and Chambers Street Properties is expected to occur Thursday, with GPT CEO Gordon DuGan taking the helm of the combined company.
Fueled by domestic advantages in technology, labor and infrastructure along with a diminishing competitive edge in offshoring, the US manufacturing sector is ramping up again
OAK BROOK, IL—Non-executive chairman Thomas D'Arcy cites "the long-term discount at which the company's shares have traded versus private market valuations and its shopping center REIT peers."

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From Assurant
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