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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— Along with the expectation of continued growth in investment sales, there have been a number of expressions of clear-eyed realism lately.
WASHINGTON, DC—The National Multifamily Housing Council's Mark Obrinsky says that although “regulator action to keep multifamily mortgage finance flowing has averted a crisis,” lending conditions remain “somewhat tighter.”
TORONTO and NEW YORK CITY—The joint venture on the Saks Fifth Avenue flagship in Beverly Hills and other stores represents “an important step forward in HBC's next chapter of growth,” executive chairman Richard Baker said in February.
LOS ANGELES—With more than a decade of experience in real estate market analysis and consulting, Cross will identify trends impacting the office sector for CBRE clients in the region.
SHANGHAI—The new fund will enable Global Logistics Properties to more than double the size of its warehouse portfolio in China amid rising consumer demand.
CHICAGO—A lack of space in the top biopharma clusters leads companies to consider “secondary sites that are a little less conveniently located,” says Roger Humphrey with JLL's life sciences group.
SEATTLE—"Real estate transactions are already moving online—it's what home buyers, sellers and real estate professionals want,” says Spencer Rascoff, Zillow Group's CEO.
WASHINGTON, DC—However, the National Association of Realtors' Lawrence Yun says that although local governments “have rightly authorized permits for new apartment construction,” more needs to be done for condominiums and single-family homes.