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.
NEWARK, NJ—The Port Authority has okayed planning funds for the first phase of what eventually will be an extension of the PATH line to Newark Liberty International Airport.
NEW YORK CITY—The risk that a B-piece buyer can scotch a conduit loan is one that many borrowers aren't willing to incur, says Barry Polen with Hunt Mortgage Group.
NEW YORK CITY--The city will review and pilot the resiliency guidelines on projects through the rest of 2017. The results will be used to refine the preliminary draft and a final version will be released in December 2017.
SCOTTSDALE, AZ—The $2.75-billion portfolio sale solidifies Healthcare Trust of America's position as “the dominant owner and operator of medical office buildings located in key, gateway markets,” says HTA CEO Scott D. Peters.
NEW YORK CITY—Two years into his tenure, VEREIT CEO Glenn Rufrano charts the net lease giant's progress in re-establishing itself, telling GlobeSt.com, "I believe we are now fully credible" in the public markets.
TORONTO and DALLAS—The privatization of Milestone Apartments Real Estate Investment Trust adds some 24,000 apartments in the Sunbelt to Starwood Capital's multifamily portfolio.
SANTA ANA, CA—“After four consecutive months of increased defect risk, it's fair to call this a trend,” says Mark Fleming at First American Financial Corp.
NEW YORK CITY—Speaking Monday at the Mortgage Bankers Association's National Secondary Market Conference, MBA president David H. Stevens touted the association's latest proposal for housing finance reform.