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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.
HOFFMAN ESTATES, IL—The $300-million partnership follows similar deals Sears Holdings has struck with Simon Property Group and General Growth Properties, both announced earlier this month.
WASHINGTON, DC—Seeking to capitalize on what CEO Andrew Florance calls “the $2-trillion US multifamily asset class,” CoStar plans to operate Apartments.com and Apartment Finder as distinct, complementary brands.
STAMFORD, CT—The hotelier, which has hired Lazard to help it explore its options, is considering “a full range of strategic and financial alternatives to increase shareholder value.”
DALLAS—Although occupancy slipped for a few months, Axiometrics' McCleskey observes that “people have started moving into new apartments” now that the cold weather has subsided.
NEW YORK CITY—Since TIAA-CREF and Henderson Global formed the joint venture in 2013, it has made core and value-add acquisitions worth more than $3.7 billion.
CHARLOTTESVILLE, VA—Whether quarter over quarter or year over year, the numbers all show at-the-market programs getting bigger, even if fewer REITs initiate them, SNL Financial says.