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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.
CHESAPEAKE, VA—Analysts see challenges ranging from integrating Dollar Tree and Family Dollar operations to a potential slowdown in consumer spending at the discount level.
NEW YORK CITY—Tech sector occupancy was on the rise when GlobeSt.com launched in 2000. Yet tech hit a downturn soon afterward, only to come back even stronger following the global recession.
DALLAS—Multifamily's continued strength can be attributed in part to the increase in wages over the past several years, according to a report from locally based Axiometrics.
NEW YORK CITY—However, the general trend for vacancies at both neighborhood centers and regional malls has been downward, says Reis Inc.'s Ryan Severino.
HOUSTON—The 18-acre tract within the northwest corner of the mixed-use mega-project is “the first step in expanding Memorial City north of I-10,” says Jason Johnson, president at MetroNational.
WYOMISSING, PA—Gaming and Leisure Properties' revised bid would create what it says is the third largest triple-net REIT by enterprise value; Pinnacle's board says the plan is under review.
LONDON—A portfolio leased to Telecom Italia, the assets' strategic nature makes them “an attractive acquisition,” says Guillaume Cassou, head of European real estate at KKR.
MONTREAL and CHICAGO—Beacon Capital's Channel Center in Boston and a Denver property have traded to the JV; still to come are closings on properties in Manhattan and Chicago.
NEW YORK CITY—In the view of Ken McCarthy, chief economist with Cushman & Wakefield, flat wage growth was the “biggest disappointment” in the latest employment report.
ROSENBERG, TX—The 196-unit Waterford at Summer Park is within easy access of the employment centers within Fort Bend County as well as West Houston and the Energy Corridor.