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.
The acquisitions from New York REIT, which is liquidating, “will further establish Columbia as a significant player in Manhattan's most dynamic office district,” says Nelson Mills, president and CEO of Columbia Property Trust.
Together with new owners Bessemer Venture Partners and Fifth Wall, “WiredScore will continue expansion into new markets to work with commercial real estate owners and developers to improve connectivity infrastructure in their assets,” says CEO Arie Barendrecht.
Co-created by John B. Levy and Michael Giliberto, the G-L 2 index will track the performance of second mortgages, mezzanine loans and preferred equity on a quarterly basis.
The decision to explore the possibility of a sale is “the result of a review of assets that are potentially of more value outside of the company,” the nation's largest grocery operator said Wednesday.
Since the new risk retention mandate took effect this past December, KKR has bought up hundreds of millions of dollars of CMBS subject to the new rule.
With participants including Brookfield Property Partners along with venture capital firms, the fundraising round is one of the largest to date for real estate owner-specific software.
The venture between Starlight Investments, the Public Sector Pension Investment Board and the Alberta Investment Management Corp. has begun its acquisition program with a class A garden complex in Denver.
The REIT sector overall continues to provide “the stable income and portfolio diversification that many investors are seeking,” says NAREIT's Steven A. Wechsler.
The national director of Institutional Property Advisors' multifamily platform talks the challenges and opportunities confronting investors in the sector.
The integration between the two databases, completed this past Friday night, will mean “being able to focus LoopNet on what it does best,” CoStar CEO Andrew Florance tells GlobeSt.com.