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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.
PHOENIX—CEO Glenn Rufrano says the switch in stock exchange and ticker symbol will be “in line with the many changes that we have made recently at the corporate level to re-position the company.”
DALLAS—June continued the longest run of rent growth exceeding 5% in at least six years; “tight occupancy is why landlords can push rents higher,” says Axiometrics' Stephanie McCleskey.
CHICAGO—The NCREIF Property Index is back above 3.0% and investment sales volume is near 2006 levels. But both metrics have seen dramatic ups and downs since GlobeSt.com launched in 2000.
NEW YORK CITY—Institutional investors surveyed by Situs RERC view commercial real estate as "priced to perfection," says company president Kenneth Riggs.
AUSTIN, TX—The new director of real estate for the firm's Austin office brings a background geared mainly to affordable housing and economic development.
NEW YORK CITY—“We remain focused on continuing to build a diverse portfolio of needs-driven seniors housing on behalf of our shareholders,” says Ron Jeanneault, CEO and president of the non-traded REIT.
FRANKFURT—Madison International'S Ronald Dickerman says his company's plan to increase the Trianon Office Tower's value has paid off in “a successful sale.”
AUSTIN, TX—Serving five of the city's wealthiest zip codes, the project is anchored by the first Moviehouse & Eatery, a high-end theater and restaurant concept.
DALLAS—The newly renamed Instrata at the Ashton Uptown joins New York City and DC properties in the portfolio of Instrata, sponsored by Invesco Real Estate.