John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
NEW YORK CITY-Ownership of the Rockefeller Center property has launched a joint venture management operation with Clarion Partners to handle the day-to-day operations on selected properties across the nation. The new group is ready to pull the trigger at 1211 and Boston's One Federal St.
NEW YORK CITY-Papers filed last week by the major World Trade Center insurers spell out the problems with a pending appeal by master leaseholder Larry Silverstein. Meanwhile, his attorneys accuse the opposition of disinterest in rebuilding Lower Manhattan.
NEW YORK CITY-JBC Fund I--managed by Chicago-based John Buck Co.--is teaming with Madison Equities to bring JBC's first Manhattan project out of the ground next year. The luxury apartment building will add 193 units to the city's multifamily inventory.
NEW YORK CITY-Developer Donald Trump might beef up his claim against the city and tells GlobeSt.com that a review of assessments in other properties is in the works.
NEW YORK CITY-The buy, which brings the REIT's total holdings to 355 community and neighborhood shopping centers, is spread throughout 22 Central and Eastern states. The deal is expected to close by the end of the year.
NEW YORK CITY-Officials at parent Lend Lease are still mum as they await marching orders from Australia. But separate sources tell GlobeSt.com that the folks of Holliday Fenoglio Fowler may buy that operating unit themselves.
NEW YORK CITY-Real Estate Media rolls out its 2003 RealShare Conference schedule, including a special Net Lease Conference in March. A total of seven events will round out the '03 agenda. Real Estate Media is GlobeSt.com's parent company.
LAS VEGAS-The results of Equinox Partners' Human Capital survey, reported here on Thursday, formed the basis of some in-depth discussion at ULI's Fall meeting.
NEW YORK CITY-GlobeSt.com's latest survey shows that the old-boy network is alive and well. The survey, co-sponsored with Equinox Partners, ULI and others, also reveals a surprising lack of emphasis on higher education and an enduring love for lone gunslingers.