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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.
WASHINGTON, DC—“ With low interest rates and affordable home prices, we expect more upward momentum in the months ahead,” says David Crowe at the National Association of Home Builders.
NEW YORK CITY—“Retailers both international and domestic continue to show interest and are making deals in the city's most highly trafficked shopping destinations,” says REBNY's Steven Spinola.
NEW YORK CITY—“A lot of sponsors thought they would sell their assets and create liquidity for their investor base in 2013 or 2014,” Madison International Realty's Ronald Dickerman tells GlobeSt.com.
DALLAS—To see how strong multifamily is, consider that six of Axiometrics' 17 best markets for annual rent growth were also among those that saw the greatest month-to-month declines.
NEW YORK CITY—With a two-property portfolio that included the Mills at Jersey Gardens in Elizabeth, NJ as the biggest multi-asset deal, Q1's numbers “understate the underlying health of investor demand,” says Real Capital Analytics.
CINCINNATI—Michael Phillips, who cofounded Phillips Edison 24 years ago, is taking the reins of the spinoff, which will focus on strategic and net lease investments.
NEW YORK CITY—Financial services employment has rebounded at the fastest pace since 2006, writes Ken McCarthy at Cushman & Wakefield. MMI's Hessam Nadji and DTZ's Kevin Thorpe also weigh in.
NEW YORK CITY—Paramount Group and STORE Capital are among five new additions to the MSCI US REIT Index, which has mainly grown steadily over the past decade.
DALLAS—An interest rate increase is not likely to put a dent in refinancing activity, the Butler Burgher Group CEO tells GlobeSt.com; there's too much maturing debt for that to occur.
NEW YORK CITY—Craig Bender, who oversaw the ING Real Estate Finance business in the US until 2013, has rejoined the company to develop and manage a new portfolio of commercial loans.