On a local level, as far as activity goes, Dan Fasulo, managingdirector of Real Capital Analytics, tells GlobeSt.com that in NewYork City, office properties are larger in nature than retailproperties as far as actual sale volume. "In New York Cityspecifically, we have already crossed the total office sale recordfrom last year mainly because of trophy assets," he says.
One such asset he refers to, is Macklowe Properties purchase offormer Equity Office Properties Trust properties for $7billion earlier this year, after Blackstone defeatedVornado for the company and acquired the Manhattan buildings asGlobeSt.com previously reported.
"That purchase created a new pricing level for the market," hesays. "It brought many willing sellers to the table and created anexplosive market."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
