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-In a deal scheduled to close midyear, the locally based REIT will pick up the 1.75-million-sf asset in joint venture with SITQ Immobilier. Green will be the majority owner.
NEW YORK CITY-Slowly, answers are coming to the major questions posed on Sept. 11. Another piece of the mammoth puzzle created that day has been fit with bond brokerage Cantor Fitzgerald, which lost 658 people at the World Trade Center, inking a deal for Midtown space.
NEW YORK CITY-Integra Realty Resources, in its latest investment survey, says that most markets--except for hotels--are recovering nicely, thank you. But owners' over-inflated view of building value isn't helping the capital pipeline to flow again.
NEW YORK CITY-Integra Realty Resources, in its latest investment survey, says that most markets--except for hotels--are recovering nicely, thank you. But owners' over-inflated view of building value isn't helping the capital pipeline to flow again.
WASHINGTON, DC-The Mortgage Bankers Association weighed the relative value of multifamily versus single-family development to national prosperity at its annual National Housing Summit yesterday. Among a largely multifamily-oriented panel, a national single-family housing initiative lost the debate.
NEW YORK CITY-There's a trend among major national real estate firms to eschew city-by-city ownership in favor of network alliances. Respondents to GlobeSt.com's latest Quick Survey, however, state that the tide may just turn again when the economy recovers.
NEW YORK CITY-"Herculean" financial challenges face Downtown, Insignia/ESG's John Powers commented at the firm's Market Forecast breakfast yesterday. Keynoter Rudy Giuliani said we can learn from the city's efforts a decade ago. Powers also proposed a specific mix of new development and memorial space for the WTC site.