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.
NEW YORK CITY-Manhattan's asking rents and class A office pricing will continue to suffer from downward pressure but the declines may slow, quarterly reports say.
NEW YORK CITY-The office REIT signs Ambassador Construction to a 13,784-square-foot renewal at its 317 Madison Ave. and arranges a 40,759-square-foot sublease at Vornado's 330 Madison.
NEW HYDE PARK, NY-The stock issue's underwriters are buying 13.7 million additional shares on top of the 91.5 million shares the retail REIT has released.