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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 retailer is moving its photo studio to the Factory, a Long Island City property it occupied decades ago. Yet it also has big plans for the Brooklyn store that now houses its studio facilities.
MELVILLE, NY—Over the past seven years with CBRE, Brandel has completed office and industrial leases totaling more than one million square feet across Long Island.
MCLEAN, VA—The $9-billion acquisition of GE's Healthcare Financial Services includes mortgages and other loans to operators, investors and developers of seniors housing, medical office buildings, hospitals, pharmaceutical companies and related operations.
LOS ANGELES—Already CEO of CBRE Clarion Securities, Ritson Ferguson will now coordinate CBRE Global Investors' strategies in both listed and unlisted real estate securities.
NEW YORK CITY—Over a four-decade career, Danziger has held leadership roles with Starwood, Carlson Hotels and Wyndham; he will now serve as CEO of Trump Hotel Collection.
LOS ANGELES—Internally managed real estate trusts can increase NOI by outsourcing property management services, and “many REITs are not aware of that,” CBRE's Andrew Genova tells GlobeSt.com.
INDIANAPOLIS—It's the first such offering from Simon Property Group in nearly a year; the operating partnership made more frequent issuance of senior notes in the years following the 2008 financial crisis.
ORLANDO, FL—The 709-unit portfolio, including the Parc at Duluth in Duluth, GA, brings the non-listed healthcare REIT's year-to-date acquisitions to more than $500 million.
NEW YORK CITY—Fitch Ratings analysts are “somewhat less sanguine” than lodging C-corps and REIT executives have been in discussing the competitive potential of the popular website.
NEW YORK CITY—Either the market sees “a future with runaway inflation/appreciation which will drive a higher overall yield on exit, or there is just too much money chasing too few deals,” says an Integra Realty Resources report.