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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.
OSLO—Locally based Obligo Investment Management is trading 10 portfolios worth a combined $2.7 billion to affiliates of Blackstone Real Estate Partners Europe IV.
NEW YORK CITY—Led by chairman and CEO John Thain, the combined company will have more than $65 billion in assets and more than $30 billion of deposits.
FORT WORTH—The departure of Robert Weaver comes as TPG is close to finalizing the capital raise for its first dedicated real estate fund, PERE reported Tuesday.
NEW YORK CITY—“All of them offer something creative and unique,” said CBRE's Amira Yunis, who brought the soon-to-open UrbanSpace Vanderbilt to Midtown East, during a panel discussion Tuesday afternoon.
SAN FRANCISCO—“The lending part of the equation is staying pretty disciplined,” the Marcus & Millichap senior EVP said during a recent segment of CNBC's <i>Squawk Box.
NEW YORK CITY—Cofounder Wellington Denahan, who has served as CEO since 2012, will remain the mortgage REIT's chairman of the board and also serve as executive chairman.
SAN FRANCISCO—“We see significant earnings potential” on a variety of fronts, says CEO Hamid R. Moghadam; accordingly, the company projects year-over-year growth of 17%.
WYOMISSING PA, and LAS VEGAS—The combined company will reportedly be the third largest publicly traded triple-net lease REIT, with 35 casinos and hotels across 14 states.
SAN FRANCISCO—The big year-over-year gainers in leasing activity and absorption were non-CBD markets including Northern Virginia and Silicon Valley, says Cushman & Wakefield.