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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.
VANCOUVER, BC—The industrial REIT obtained the financing on the net leased distribution facilities through HFF; the properties mark PIRET's entry into the US market.
TORONTO and SEATTLE—The FirstService founder will step into the top spot at Colliers, which his company owned for 11 years before a separation earlier this month into two publicly traded companies.
IRVINE, CA—Although pricing is still running slightly ahead of fundamentals, Auction.com's Rick Sharga sees investor interest in office increasing through 2015.
SAN FRANCISCO—Sun Life topped a shortlist of potential owners on the basis of “similar values, a compatible culture and a shared vision for Bentall Kennedy,” COO Amy Price tells GlobeSt.com.
SAN FRANCISCO—While Gap Inc. will shutter about one-quarter of its namesake brand's North American locations, it's citing Old Navy as a model of how to grow top-line sales.
NEW YORK CITY—“I see terrific opportunities here,” says Pollack, who joins the asset management giant as CIO of its Blackstone Real Estate Debt Services platform.
TORONTO and DÜSSELDORF, Germany—After the sale closes, the owner of Saks Fifth Avenue in the US will derive about one-third of its revenues from European operations.