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.
BEVERLY HILLS, CA—William J. McMorrow, Kennedy-Wilson's chairman and CEO, calls the all-stock deal “one of the most significant milestones in our 40-year history.”
WASHINGTON, DC—Respondents to the National Multifamily Housing Council's latest survey reported “caution on the part of buyers as well as debt and equity capital sources,” says NMHC's Mark Obrinsky.
WASHINGTON, DC—The Mortgage Bankers Association's new white paper “lays out a detailed end-state solution that will work for the residential and multifamily markets,” says Rodrigo Lopez, the association's chairman.
MIAMI—“We're all trying to predict the unpredictable,” says Akerman's Richard Bezold, although the law firm's latest industry survey finds most optimistic about the new administration.
SANTA, ANA—The potential for home sales increased year-over-year in March, “driven by steady income and job growth, along with a surge in building permits,” says Mark Fleming at First American Financial.
NEW YORK CITY—Normandy Real Estate and the Nippon Telegraph and Telephone Corp. subsidiary have made five co-investments, including 575 Lexington Ave. in Midtown Manhattan, since 2013.
NEW YORK CITY—Analysts with Barclays Capital maintain a “neutral” outlook for REITs as a whole, as well as for most property sectors, with a couple of notable exceptions.
IRVINE, CA—Ten-X's Peter Muoio says that technology's positive impact on industrial occupancy is strong enough to offset “weak oil prices and an uninspired global economy.”
BOSTON—55 West, a 33-story residential tower in Orlando, is reportedly among the six multifamily properties that TA Realty sold on behalf of its Fund IX.