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-In a groundbreaking initiative to enhance the industry's information and networking opportunities, Real Estate Media Inc. has created a business unit designed to provide conference programs in venues around the nation. Former Commercial Property News publisher Rich Kelley will head the initiative. Real Estate Media is GlobeSt.com's parent firm.
It may not garner the media play of a CalPers, but the AFL-CIO Investment Program is no trifling matter. The program, which is the umbrella for three financing…
NEW YORK CITY-In a major coup, Insignia has hired Woody Heller away from Jones Lang LaSalle. He adds the title executive to his managing director title. Heller also takes his senior associate, Carly Borg, with him as Insignia continues to beef up its Capital Advisors Group.
NEW YORK CITY-No reports of terrorism are coming from the scene at West 19th Street, which is reeling now from an explosion that injured as many as 50 people.
NEW YORK CITY-Accounts of Arthur Andersen's decision to bail out of its Times Square Tower lease are premature, building owner Boston Properties says in an exclusive interview with GlobeSt.com.
NEW YORK CITY-Speculation and rumors that scandal-ridden Arthur Andersen would pull out of its 650,000-sf lease at Times Square Tower were proved true yesterday. The deal is officially history.
Some people simply know how to land on their feet. Take Frank Scavone, former COO of Nomura Capital, who within months of the business's demise in mid…
NEW YORK CITY-L&L Acquisitions, a current owner in both properties, has changed partners and is dancing now with Investcorp, dropping the Carlyle Group as its joint-venture partner in the two properties.
NEW YORK CITY-Grubb & Ellis and building owner Coca-Cola aren't talking numbers. But GlobeSt.com has learned that major upgrades to 711 Fifth--owned by Coke--will reap major rental revenue hikes over the next decade.