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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.
FRANKFURT—The merger of Deutsche Wohnen and LEG Immobilien, which comes amid increasing consolidation in Germany's commercial property sector, would create a portfolio valued at approximately US$19.2 billion.
NEW YORK CITY—With more rooms under construction than any other market by far, the ratings agency's hometown is among those it's watching for potential oversupply. Fitch has flagged multifamily for similar concerns.
WASHINGTON, DC—“Barring any unexpected jolts, we expect housing to keep moving forward at a steady, modest rate through the end of the year,” says David Crowe at the National Association of Home Builders.
NEW YORK CITY—Via the new On Demand platform, both existing CompStak users and prospective clients will have access to property--specific starting rent information and competitive sets.
CHARLOTTESVILLE, VA—That's the scenario proposed by SNL Financial following the closing of the alternative asset manager's deal to buy the Chicago lodging REIT for approximately $6 billion.
WASHINGTON, DC—“Demand for green building will only continue to grow,” says USGBC CEO Rick Fedrizzi; a new study projects a 15.1% year-over-year increase over the next four years.
WASHINGTON, DC—Like its predecessors, Carlyle Realty Group VII will focus on opportunistic buys in major metro areas; multifamily is again expected to be a focal point.
NEW YORK CITY—Claiming that “we've really only seen the tip of the iceberg” to date, EquityMultiple CEO Charles Clinton will leverage the firm's Mission Capital partnership to source larger deals.