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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.
NEWPORT BEACH, CA—Given the current levels of cap rates and interest rates, “commercial real estate no longer looks cheaply priced when compared to the corporate bond market,” says Green Street's Peter Rothemund.
NEW YORK CITY—Having launched its own capital markets division last year, Coldwell Banker Commercial Alliance now seeks to provide “an essential lending alternative” for small to midsized companies, says EVP Adam Petriella.
NEW YORK CITY—The nonbinding agreement by the two media giant marks “a milestone in the historic effort to rebuild the World Trade Center,” says Larry Silverstein.
TORRANCE, CA—“I always find it interesting how much information comes out of the woodwork after we identify an issue in one of our reports,” said Jenny Redlin, principal with Partner Engineering & Science, during a one-hour GlobeSt.com webinar.
TORONTO and SEATTLE—Executive chairman Jay Hennick says the spin-off represented a “a critical and very carefully considered part of our growth strategy that will strengthen our visibility among investors and clients.”
NEW YORK CITY—With a focus on corporate sale-leasebacks, the newly public REIT will continue to seek “diversity in our portfolio, within the strong and stable markets of the US and northern and western Europe,” CEO Scott Bowman tells GlobeSt.com.
NEW YORK CITY—The positive trend first seen last year could continue through the second half of 2015 even with the riskier 10-year maturities that lie ahead, says Standard & Poor's.
SAN FRANCISCO—The 322-property industrial JV will deliver long-term value to PLD shareholders “through incremental NOI from the lease-up of the operating and development portfolios,” says CEO Hamid Moghadam.