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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.
LOS ANGELES—A year of low oil prices has made an impact on commercial real estate fundamentals; the news in a CBRE report is both positive and negative.
NEW YORK CITY—As the nation marks the 14th anniversary of 9/11, GlobeSt.com looks back on the website's coverage from that day and the week that followed.
NEW YORK CITY— “Lack of access to the public unsecured bond markets is forcing potential first-time REIT issuers to consider alternative sources of capital,” says Fitch Ratings' Steven Marks.
CLEVELAND—CEO David LaRue says the changes, effective with the company's REIT conversion next January, better align its organization with its strategies and strengths.
BELLEVUE, WA—A large-scale, single-point financing of this kind “is not generally available in the market for this long a period of time,” Cushman & Wakefield's David Karson tells GlobeSt.com <b>EXCLUSIVELY</b>.
LOS ANGELES—Over the past several months, cap rate declines have been minimal, signaling that projected total returns are “close to bottom,” says CBRE Capital Markets' Brian McAuliffe.
STOCKHOLM—The acquisition of AGL will provide “an ideal complementary fit alongside JLL's existing capital markets capabilities,” says Daniel Gorosch, managing director of JLL Sweden.
CHICAGO—Valued at approximately $6 billion including the assumption of debt, the acquisition will mark the latest in a long line of lodging industry investments by Blackstone.
FAIRFIELD, CT—As the company continues winding down its GE Capital business, “The complementary technology and geography of the Alstom assets will enable us to bring more value to customers,” says CEO Jeffrey Immelt.
LONDON—Calling it “a transformational deal” for his company, Redefine CEO Mike Watters says the portfolio offers “a number of attractive short and longer-term opportunities” to enhance and capture value.