John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
LONDON & NEW YORK-Corporate raider Carl Icahn has raised the prospect of a bidding war at Insignia, and news that he was in talks with the company forced Insignia's share price up another $1.27 to $10.99 in late trading in New York yesterday.
LONDON & NEW YORK-Corporate raider Carl Icahn has raised the prospect of a bidding war at Insignia, and news that he was in talks with the company forced Insignia's share price up another $1.27 to $10.99 in late trading in New York yesterday.
CHARLOTTE, NC-When is a campus more than a campus? When the layout doubles as anchor asset in a mixed-use development. The university has broken ground on two buildings geared to do just that.
NEW YORK CITY-National Golf's shareholders OK'd the deal on December 18. Smart move; holders of outstanding shares will receive $12 per. Roland Smith, hand-picked by the investment group to lead the REIT after the sale, can now take his post.
NEW YORK CITY-But that value is as a hotel property. The question one source poses is: what's it worth as an office? Eastdil beat out several other brokers to land the plum marketing assignment.
NEW YORK CITY-We're on the threshold of war, there are no jobs, the Bush tax plan is a dubious bet and business confidence is still in the dumpster. So why is Mark Zandi so upbeat?
NEW YORK CITY-We're on the threshold of war, there are no jobs, the Bush tax plan is a dubious bet and business confidence is still in the dumpster. So why is Mark Zandi so upbeat?
NEW YORK CITY-In trying times, corporate real estate players look to trim their costs--and that means farming out in-house functions. But while outsourcing is coming back, CREs are hesitant to trust strategies to providers--for now, at least.
NEW YORK CITY-If you're going to act like a partner in a corporate client's real estate strategy, you better start thinking like a partner, said CoreNet seminar panelists yesterday.
NEW YORK CITY-Today's the day for the formal spin-off of the residential-development unit of locally based Brookfield Properties. Brookfield Homes, trading separately on the NYSE, positions the parent as a pure-play office entity.