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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.
NEW YORK CITY-The upheaval in financial services will mean more layoffs and higher office vacancy in the metro area, but less than in 2000-2001, experts predict.
BLUE BELL, PA-The pharmaceutical giant is leasing the space directly from landlord Corporate Office Properties Trust after subleasing from Unisys, which plans a move to Philadelphia.
PHILADELPHIA-The affiliated company will pursue development and investment opportunities; EVP Wachs is promoted to president of AMC Delancey and the new venture.