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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.
CHEVY CHASE, MD—“Balancing interest in new development with concerns about potential overbuilding requires working closely with financing partners to navigate this evolving landscape,” says Imran Javaid at Capital One.
LONDON and NEW YORK CITY—Opportunistic funds are trending larger, says Preqin; those that closed during Q3 represented 75% of the capital raised by all private real estate funds during the quarter.
NEW YORK CITY—Deloitte's Bob O'Brien says industry leaders need to focus on ““the longer-term strategic issues at play and how they can stay ahead of the impacts.”
NEW YORK CITY—Although Trepp foresees an uptick in delinquencies as 10-year maturities come due, “the Fed's rate hike procrastination should push off an increase,” says the firm's Joe McBride.
LOS ANGELES—“By improving our financial footing, we will be able to refocus our business efforts on the execution of our turnaround strategy,” says Paula Schneider, CEO of the retailer and manufacturer.
LONDON—The 10-year, fixed-rate loan from affiliates of AIG Asset Management Europe completes approximately $1.37 billion in refinancing by the UK-based REIT.
NEW YORK CITY—The balance between new supply and net absorption is poised to change over the next few quarters, says Ryan Severino at Reis, although continued strong demand will help maintain rent growth.
BOISE, ID—The stock offering would mark the grocery retailer's first step in exiting years of institutional ownership under investors including Cerberus Capital Management and Kimco Realty Corp.
NEW YORK CITY—With the fund closing shortly after BREP VIII's agreement to buy Strategic Hotels & Resorts, Blackstone's Jonathan Gray reportedly told a conference that he sees more takeovers of publicly traded landlords coming.