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.
For buyer American Hotel Income Properties REIT, the acquisition continues a focus on “high barrier-to-entry secondary metropolitan markets in close proximity to major population centers,” says CEO Rob O'Neill.
“This third consecutive decline in contract activity implies a possible topping off in sales,” says Lawrence Yun at the National Association of Realtors.
Just 3% of organizations surveyed by CBRE and PwC US plan early implementation of the new standards taking effect 18 months from now; 23% haven't gotten started.
“Since demand is exceeding supply and financing is available, there is nothing right now to keep prices from going up,” says David M. Blitzer at S&P Dow Jones Indices.
“An investment in our company from one of history's most admired investors represents a vote of confidence in our experienced leadership team,” says Christopher Volk, CEO of the net lease REIT.
In announcing the Counselors of Real Estate's annual Top Ten list of issues affecting the industry, chair Scott Muldavin noted that many of the issues are interconnected.
While the markets continue to move forward, “the rapid increases in property values, transaction volumes and other fundamentals” have now moderated, says Jamie Woodwell at the Mortgage Bankers Association.