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-Given the dire straights of the hotel sector after the Sept. 11 attacks, the expectation that things may bottom out by June may actually be good news. Our survey respondents see limited-service coming back first.
NEW YORK CITY-Some 70 brokers and 80 low-to-mid-level managers have gotten the axe. Bruce Mosler says the cutbacks were more a matter of clearing the decks for higher production than bending to the pressures of a slumping economy.
NEW YORK CITY-Some 70 brokers and 80 low-to-mid-level managers have gotten the axe. Bruce Mosler says the cutbacks were more a matter of clearing the decks for higher production than bending to the pressures of a slumping economy.
NEW YORK CITY-Any hopes of an end-of-year transactional rush have been dashed, our respondents tell us. As office clients continue to consolidate, most brokers are looking at leasing activity plummeting by at least 10% over last year's Q4 returns.
NEW YORK CITY-Our latest survey tracks a slowdown both in new hires and in employee departures. As a result, companies are rewarding less for loyalty and more for performance. But production rewards are causing major differentials in salaries for same-status executives.
NEW YORK CITY-Responses to the latest GlobeSt.com Quick Survey unveiled the passion, anger and resolve with which real estate executives view the destruction of the World Trade Center.