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-Deal paralysis is hobbling the industry and should continue to do so until the first quarter of '02, say respondents to GlobeSt.com's latest Quick Survey.
NEW YORK CITY-Today's the day for pre-closing to begin on the World Trade Center, sources close to the deal tell GlobeSt.com. After the dust clears this Thursday, the Silverstein/Westfield JV will be in control of a trophy asset valued at $3.22 billion.
NEW YORK CITY-Dubbed the Think Tank, the 12-person panel--made up of commercial real estate professionals--will provide commentary on news reports covered on the site, advise GlobeSt.com editors on coming trends and issues and serve as featured columnists.
NEW YORK CITY-Results of GlobeSt.com's latest Quick Survey reveal that more equitable conditions exist for women in the real estate workplace. Respondents complain of lower pay, but as one female source tells us: Doesn't everyone?
NEW YORK CITY-The research organization is now providing local hotel statistics to this website, including supply and development trends, as well as sales transactions. The addition supplements GlobeSt.com's fast-growing database of quarterly MarketData reports.
NEW YORK CITY-The slump may not go away quickly, but that leaves the door wide open for the right play, say directors of the locally based opportunity fund.
NEW YORK CITY-The slump may not go away quickly, but that leaves the door wide open for the right play, say directors of the locally based opportunity fund.
NEW YORK CITY-It wasn't the common language, but the investors' previous experience that makes Great Britain the winner. There also seems to be growing interest in exploring "non-core" Europe.
NEW YORK CITY-Barry Gosin and Douglas Durst see the additional 60 million sf called for by Sen. Charles Schumer a necessity if New York City wants to remain competitive with New Jersey.