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-The results of GlobeSt.com's second Quick Survey show a cutback in the pace of industry activity. If things go bust, where's the safe haven? The apartment market, you tell us.
NEW YORK CITY-GlobeSt.com has entered into an alliance with the American Property Tax Counsel to provide a platform of timely, easy-to-read hints to help real estate professionals minimize their tax hit.
NEW YORK CITY-Negotiations labeled as "difficult" have officially been nixed by the Port Authority. Silverstein Properties emerges as the prospect of choice in the ongoing talks for control of the World Trade Center.
NEW YORK CITY-Despite the dire news emanating from the retail sector, not all markets will crumble as the economy melts. Or is that merely the false bravado of optimistic brokers?
NEW YORK CITY-In what one insider has termed very difficult negotiations, no handshake has come about in Vornado's $3.25-billion bid for the World Trade Center.
NEW YORK CITY-In an overwhelming show of unity, industry professionals have circled the wagons around their service offerings, protesting the possibility that banks could invade their territory. The poll launches GlobeSt.com's bi-weekly industry survey.
NEW YORK CITY-Insiders said it wasn't supposed to play out this way, but GlobeSt.com has learned from sources close to the deal that Vornado will enter into 20-day negotiation period with Port Authority board for 99-year leasehold.
NEW YORK CITY-Reports that Vornado has the inside track in the sale of the World Trade Center are misleading, says one official close to the talks. Brookfield/Boston Properties is still the logical choice.