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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.
NORCROSS, GA—Despite some bright spots, including a year-over-year increase in new starts for warehouse construction, “there hasn't been a worse September figure in the past decade,” according to Alex Carrick, chief economist at CMD Group.
CHICAGO—The acquisition of the student housing REIT, which began reviewing its options last October, represents locally based Harrison Street Real Estate Capital's biggest investment in the sector to date.
NEW YORK CITY—The new freeze on one-year leases for rent-stabilized apartments, and the de Blasio administration's lack of clarity on affordable housing requirements, have cast uncertainty on multifamily, said experts at RealShare New York.
PARIS—The NYC-Paris Business Exchange aims to help companies in the tech, clean tech, fashion and design, tourism, food and beverage, and arts sectors overcome barriers that inhibit entry to foreign markets.
CALABASAS, CA—The upper-midscale bracket has generated more property trades in the first half of 2015 than any other chain segment, according to Marcus & Millichap.
NEW YORK CITY—With home ownership at a 50-year low, the acquisitions across five markets “affirm our confidence in the attractiveness of investing in high-quality multifamily rental properties,” says Investcorp's Herb Myers.
NEW YORK CITY—The founder of Julien J. Studley Inc., whom the <i>Wall Street Journal</i> once called “the granddaddy of tenant reps,” was also known for his philanthropic leadership.
FAIRFIELD, CT and SAN FRANCISCO—With the agreement to sell the Commercial Distribution Finance, North American Vendor Finance and Corporate Finance platforms to Wells Fargo, GE has passed the 60% mark in its sell-off of GE Capital.