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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—“There is much more to come in terms of consolidation as REITs enter a period of rising rather than declining interest rates,” says Mark Rose, CEO of Avison Young and a member of GlobeSt.com's advisory board.
NEW YORK CITY—The ability to structure investments in accordance with the Sharia “has opened up the global market to a new group of investors,” John Opar, a partner at Shearman & Sterling LLP, tells GlobeSt.com.
DALLAS—Chairman and CEO Monty J. Bennett says the REIT's directors “do not believe Ashford Prime's current share price accurately reflects the company's intrinsic value.”
NEW YORK CITY—When GlobeSt.com launched 15 years ago, it was widely assumed that Boomers would retire to warmer climes. Now, signs point toward this generation taking up urban living.
NEW YORK CITY—The hire is among several moves that alternative asset firms have made in the past few months to bolster their commercial real estate presence.
NEW YORK CITY—Currently vice chairman at Deloitte, McGee “has an understanding of how to manage an organization with diverse constituencies around the globe,” says current ICSC chairman Stephen D. Lebowitz.
NEW YORK CITY—“ Competitive disadvantages of the past that hurt the North American region have been muted and in some cases have flipped over to the positive side,” says Cushman & Wakefield's John Morris.
NEW YORK CITY—As part of our ongoing 15th-anniversary celebration, GlobeSt.com looks at the ways in which Millennials, Baby Boomers and immigrants influence what gets built and how it's being built.
CALABASAS, CA—Notwithstanding a less favorable exchange rate, international travel to most gateway US cities held up well in July, says Marcus & Millichap.