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.
NEW YORK CITY-It wasn't the money, it was a vision thing, Grubb & Ellis chief Barry Barovick tells GlobeSt.com. The firm is not for sale, he says. But if another unsolicited offer came along, he would have a fiduciary responsibility to listen.
WASHINGTON, DC-Wrapping up its two-day Housing Forum, the US Conference of Mayors yesterday made their formal presentation to Congress. The next step, conference president Tom Menino tells GlobeSt.com, is a major lobbying campaign to keep the issues on the front burner.
WASHINGTON, DC-The National Multi Housing Council took its FBI terrorist alert to the streets this week as senior VP Clarine Nardi Riddle urged US mayors for cooperation. Earlier this month, the FBI put apartment owners on alert against a "non-specific" threat.
Washington, DC-Boston Mayor Tom Menino has rallied US mayors to put their heads together and develop proposals for a national housing agenda. The results of yesterday's meetings will be presented to congress today.
Growth for the Gale Co. has taken a peculiar track. The Florham Park, NJ-based investor/developer and service firm was founded in 1985 (as the Sammis Co.).…
NEW YORK CITY-Our latest Quick Survey reveals that a slim majority of real estate firms are not so sure about the economic upswing that they're willing to risk human-resources dollars just yet. But, with profits still lean, expect stricter criteria for performance-based rewards.
Despite what you might hear, the recovering economy won't raise all boats equally. Not retail, at least, which should continue on its roller-coaster ride,…
NEW YORK CITY-In a groundbreaking initiative to enhance the industry's information and networking opportunities, Real Estate Media Inc. has created a business unit designed to provide conference programs in venues around the nation. Former Commercial Property News publisher Rich Kelley will head the initiative. Real Estate Media is GlobeSt.com's parent firm.
It may not garner the media play of a CalPers, but the AFL-CIO Investment Program is no trifling matter. The program, which is the umbrella for three financing…