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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.
LOS ANGELES—Dubbed “an industry icon” by CBRE's Anthony Buono, the Fameco co-founder will oversee more than 450 retail brokers from offices in Philadelphia.
LOS ANGELES—The sector has accounted for more major US office leasing activity than any industry over the past two years, and not only in Silicon Valley, says CBRE.
HOFFMAN ESTATES, IL—The deal continues Sears Holdings' transformation into “a membership company, without the significant asset intensity of its traditional retail business,” says CEO Eddie Lampert.
NEW YORK CITY—The first securitizations involving multiple, smaller players in the single-family rental sector have arrived. Find out how they compare to the single-borrower deals from the likes of Blackstone's Invitation Homes.
NEW YORK CITY—Chairman and CEO Steven Roth wrote in his annual letter to shareholders that the company's sense is that “ this is the time in the cycle when the smart guys start to build cash.”
SAN FRANCISCO—Marcus & Millichap's chief strategy officer told CNBC recently that investor demand for commercial real estate has broadened from multifamily into “pretty much every sector.”
FAIRFIELD, CT—“The future of GE is as an industrial company,” CEO Jeffrey Immelt said Friday in announcing a strategy to largely exit the financial services business over the next two years.
FAIRFIELD, CT—With Blackstone and Wells Fargo buying the bulk of GE Capital's real estate debt and equity holdings globally, the parent company plans to exit its CRE platform by year's end.
NEW YORK CITY—While the March employment numbers were a letdown, “it will take more than one weaker-than-expected report to dent the current momentum in the economy,” writes Cushman & Wakefield's Ken McCarthy.