Commercial real estate instant insights for powerful business research, trends, and extensive education and information on CRE markets, practices, industries and sectors
Become a GlobeSt influencer! Learn about our latest recognition opportunities highlighting the individuals, firms and teams changing the commercial real estate landscape.
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.
WASHINGTON, DC—Sluggish economic growth and a trend toward fitting more employees into existing space are keeping demand from “meaningful acceleration,” says Lawrence Yun at the National Association of Realtors.
CALABASAS, CA—Cap rates have sunk to all-time lows across a number of single-tenant sectors, says Marcus & Millichap, which doesn't see the rates rising in the near term.
LOS ANGELES—The cap rate spreads between prime and major markets have rarely been as wide as they are today for these retail properties, says Spencer Levy at CBRE.
NEW YORK CITY—More than 97% of the CMBS loans backed by Manhattan properties will see smooth sailing with 2016 and 20167 maturities. For other metro areas, it will be a different story.
WASHINGTON, DC—Lawrence Yun, chief economist at the National Association of Realtors, pins the monthly decline in existing-home sales to “lagging supply relative to demand and the upward pressure it's putting on prices.”
CHICAGO—“If an increase in interest rates were to occur, the industry's access to capital to fund future growth may be impacted,” says Stuart Eisenberg, partner and real estate practice leader at BDO.
NEW YORK CITY—With the Housing Authority facing “the worst financial crisis” in its 81-year history, the de Blasio administration has unveiled 15 strategies to “make it strong for the long haul,” the mayor said Tuesday.
NEW YORK CITY—Reporting results of its latest institutional investor survey, Situs RERC says that although commercial real estate remains attractive, “it is losing a little luster.”
NEW YORK CITY—The reported headquarters deal at Vornado Realty Trust's 330 W. 34th St. comes just a few weeks after the footwear retailer renewed its flagship store lease near Herald Square.