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.
GARDEN CITY, NY-You can't very well respond to a growing economy if you don't have a labor force to choose from. Panelists at a discussion here called for housing reforms to keep talent from drifting away.
NEW YORK CITY-Real Estate Media--GlobeSt.com's parent organization--plans to reshape its Midwest publication to tap into big-picture business concerns. Fueled by Real Estate Forum's broader circulation, <i>Midwest Business Quarterly</i> will launch in August.
NEW YORK CITY-Not really a surprise, given the ruling that was handed down last week, but the remaining verdict has been handed down in the World Trade Center insurance case. Swiss Re is responsible for $877 million.
NEW YORK CITY-Regardless of how the jury comes back from Round Two of deliberations, Larry Silverstein will have to rely more on the capital markets if he's going to build on his hoped-for scale. One source bets he'll settle for the Freedom Tower and a check, leaving the rest of the rebuild woes to the Port Authority.
NEW YORK CITY-A unanimous--but partial--verdict has been filed in the months-long World Trade Center insurance case. Jurors, although unable to come to terms on the claim of Swiss Re, otherwise have favored the one-incident scenario. Still, Silverstein can walk away with as much as $5.5 billion.