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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.
CLEVELAND—The acquisition of privately held Capital Advisors will enable Bellwether Enterprise “to to further grow our market share in the Southeast,” says president Ned Huffman.
LAS VEGAS—“The greening of parking facilities transforms them into enablers of sustainable mobility,” says Paul Wessel, executive director of the Green Parking Council. Seven properties have received certification.
FRANKFURT, Germany—The country's second largest bank expects the loan portfolio sales to Oaktree and a joint venture of JP Morgan and Lone Star to reduce “both risk and complexity,” says Commerzbank's Sascha Klaus.
WASHINGTON, DC—The Rudin Management CEO was a founding member of the Real Estate Roundtable, and has provided the organization with “deep engagement over the years,” says Jeffrey DeBoer.
DALLAS—With new supply delivery hitting a record pace, “the fact that the occupancy rate continues increasing demonstrates the strength of the market,” says Stephanie McCleskey at Axiometrics.
NEW YORK CITY—Amid the market jitters surrounding Greece's imminent default, “we will get a taste of just how resilient the CMBS market is in the face of this uncertainty,” says Trepp's Manus Clancy.
TORONTO—Expected to close in the third quarter, the acquisition follows the deal announced two weeks ago for Bentall Kennedy, as the Canadian insurer beefs up its asset management platform.
HACKENSACK, NJ—“It seems as though sale-leasebacks go in and out of vogue” among retail companies, says Cole Schotz's Richard Abramson, who has handled many such transactions over the past few decades.
NEW YORK CITY—The REIT's acquisition of $4.8 billion in commercial real estate debt is just one of five components of the $23-billion sale to Blackstone and Wells Fargo, first announced in April.