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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.
NEW YORK CITY—AIG Global Real Estate and First & Main expect to co-invest on new acquisition and development opportunities throughout the US over the next four years.
CHICAGO—Employers in technology, finance and professional and business services are leading job growth, says JLL's Georgules; Cushman & Wakefield's Thorpe cites gains in secondary and tertiary markets.
ROCHESTER, NY—The apartment operator, no longer publicly traded following its acquisition by Lone Star Funds, is one of a series of REITs in pending or completed privatizations over the past six months.
LOS ANGELES—Expectations about the onset of the Federal Reserve's normalization of interest rates have been “baked into the market,” Marcus & Millichap's Hessam Nadji told interviewers on CNBC last week.
NEW YORK CITY and SAN DIEGO—While demand continues outpacing supply in the healthcare REIT's core markets, CEO Alan Gold says, “We believe that the public markets are not adequately valuing our assets and proven business model.”
WASHINGTON, DC—How will a generation of workers who have only known a low-interest-rate environment respond when rates begin rising? It's a consideration that the <i>Emerging Trends</i> report recommends keeping on radar screens.
SAN FRANCISCO—TPG Real Estate's success with its first-ever multi-investor property fund reflects “our proven track record and the distinctive nature of our investment strategy,” says co-head Kelvin Davis.
SAN FRANCISCO—This year's <i>Emerging Trends</i>report from PwC US and the Urban Land Institute sees an investor focus on smaller employers and smaller markets; PwC's Mitch Roschelle tells GlobeSt.com how these trends evolved.
CALABASAS, CA—At its upcoming meeting later this month, the Federal Reserve “will digest the payroll numbers” as it considers whether to begin raising interest rates, writes Marcus & Millichap's Hessam Nadji.