Globest Sectors

The sale is part of an initiative announced by Taubman in February to sell its 50% interest in three Asian shopping centers—Starfield Hamam, CityOn.Xi'an (Xi'an, China) and the CityOn.Zhengzhou (Zhengzhou, China).

"Our goal at Glenpointe is to provide tenants with a unique workplace experience that they can't get anywhere else. With each new amenity or improvement project, we are providing our tenants with experiences that are unmatched in the local market," says Ryan Sanzari, COO at Alfred Sanzari Enterprises.

The largest deal was with Mumbai-based information technology firm Tata Consultancy Services, which will expand its workforce by approximately 700 jobs, bringing its New Jersey workforce to roughly 4,700 employees.

"You have to get control of all of the parcels, or you are asking for a world of pain."

Health care is a strong sector that promises to be resilient in the next recession, but there are a lot of pitfalls for those without experience.

Brokerage firm JLL reports it arranged the 30-year, fixed-rate refinancing loan with Barings, on behalf of one of its managed accounts, for Hickory Street Capital.

The ULI/PWC report details why real estate remains desirable to investors even with some economic uncertainty.

Roberto Pesant, who has 15 years commercial real estate experience, will be based in Berkadia's Miami and Boca Raton offices.