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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—Both total and per-key expenditures set new records in 2014; 2015 is expected to surpass them on both counts, says Bjorn Hanson at the Tisch Center for Hospitality and Tourism.
NEW YORK CITY—“The S&P/Case-Shiller National Home Price Index has risen at a 4% or higher annual rate since September 2012, well ahead of inflation,” says S&P Down Jones' David Blitzer.
VENLO, the Netherlands—The acquisition of the Office Depot build-to-suit here, coupled with a quartet of logistics facilities at Helsinki Airport, moves the net lease REIT's Q3 buys past the $200-million mark.
NEW YORK CITY—Jerry Speyer will continue as chairman of the firm he co-founded, which now operates nearly 100 million square feet of properties across the globe.
CALABASAS, CA—With the current growth cycle now 75 months old, “we're already extending beyond the last growth cycle,” Marcus & Millichap's John Chang said during the firm's webinar on office and industrial.
SEATTLE—Notwithstanding a drop-off from the first quarter, the current pace “will set a record for total transactions” if it continues, says Brian Ward at Colliers International.
NEW HYDE PARK, NY—The unwinding of the 15-year partnership will enable the shopping center REIT “to continue simplifying its operations,” says Kimco CEO David Henry.
BETHESDA, MD—A previous portfolio, marketed by CBRE and Auction.com, had received thousands of bids by the time the special servicer closed on it in early 2014.