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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—The 21-state Holiday portfolio brings the REIT's NOI from private-pay seniors housing to 92%; the financing is its second arranged by Walker & Dunlop.
SAN FRANCISCO—The logistics real estate concentration of relatively mature clusters, such as SoCal's Inland Empire, can serve as “a development guidepost for an emerging cluster” elsewhere in the world, says Prologis Research.
LOS ANGELES—With the trend toward luxury development moving across the US, CBRE's Peter Donovan sees opportunities for savvy multifamily investors “to time the cycle and achieve above-market performance.”
TORONTO and KUALA LUMPUR—The Canada Pension Plan Investment Board is taking a 49% stake in the Pavilion Group's mixed-use project in one of the Malaysian capital's most affluent locations.
DALLAS—While off-campus apartments used to be pretty basic, today student housing often has superior amenities—all to compete with “the other guy who has 15 acres right down the street,” Fountain Residential's Brent Little tells GlobeSt.com.
HAMILTON, Bermuda—The $8.8-billion acquisition of Asciano Ltd. by a Brookfield Infrastructure Partners consortium creates a new global rail, port and logistics business, says BIP.
NEW YORK CITY—In his new role, the eight-year veteran of the GSE will be responsible for expanding Meridian's agency origination and underwriting capabilities.
SAN DIEGO—The plan to go public nine years after TPG and Leonard Green took the pet products retailer private for the second time comes as household spending in the category continues to increase.
CHICAGO—The new company, which began trading Tuesday under the CCP symbol, is “a pure-play SNF REIT with a great team, strong balance sheet and customer relationships and significant market opportunity,” says Ventas CEO Debra A. Cafaro.
NEW YORK CITY—The borough will see about 22,000 new apartments come on line by 2019, CityRealty says in a new report, which also cites large-scale projects that will add thousands more over the years.