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.
ARLINGTON, VA—PGIM Real Estate Finance's Michael McRoberts tells GlobeSt.com that new housing supply falls short of meeting demand by a few hundred thousand units per year.
NASHVILLE—Brookdale Senior Living will manage the 64 triple-net leased properties on behalf of the joint venture with affiliates of Blackstone Real Estate Partners VIII.
SINGAPORE—Global Logistics Properties began a strategic review this past December at the request of sovereign wealth fund GIC, its largest shareholder.
RICHARDSON, TX—However, RealPage chief economist Greg Willett tells GlobeSt.com that multifamily owners realized that cutting rents wouldn't boost demand at a slower time of year.
WASHINGTON, DC—Office vacancies in transit-served submarkets are 370 basis points lower. JLL's Scott Homa describes the correlation between demand and existing or forthcoming mass transit access.
IRVINE, CA—The “silver lining” in ATTOM Data Solutions' latest report is that wage growth is outpacing home price growth in a majority of markets, says the firm's Daren Blomquist.
ZURICH—Swiss Re puts the 2016 tally at US$175 billion, almost double the level seen in 2015; the World Economic Institute says extreme weather tops the list of global risks.
NEW YORK CITY—Among the sector's other selling points, student housing's rental growth volatility is “lower than conventional apartments,” says Tom Park with TH Real Estate.
TACOMA, WA—CBRE Capital Advisors will be the exclusive broker for Global Index Group's initial duETS product will be tied to changes in the NCREIF Property Index.