Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
ORLANDO—The spinoff would initially focus on Darden's Olive Garden brand; CEO Eugene Lee says the plan follows a review of alternatives “to best take advantage of our real estate portfolio.”
NEW YORK CITY—In his new role, he will assist CEO Trevor Bond with the net lease REIT's management while overseeing its investment activities, a company spokesman tells GlobeSt.com.
NEW YORK CITY—For owners of class A space in markets such as Philadelphia and Atlanta, 2014 marked the first landlord effective rent increases of the current cycle, Savills Studley says in its latest Savills Effective Rent Index report.
NEW YORK CITY—AllianceBernstein's success with US Real Estate Partners II is a testament to investors' confidence in “our investment discipline and our track record,” says Jay Nydick, co-CIO of the real estate group.
NEW YORK CITY—About 63% larger than its predecessor, the new fund will target opportunistic investments in distressed and undervalued commercial real estate assets, mainly in the US and Europe.
TOLEDO, OH and TORONTO—Health Care REIT will own an interest in more than 20,000 seniors housing units across Canada after the deal for Regal Lifestyle Communities is finalized.
WASHINGTON, DC—Given the limited availability of prime assets in gateway US markets, “the foreign capital tsunami is splashing all over the place,” DTZ's Kevin Thorpe tells GlobeSt.com.