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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.
LONDON-Annual retail investment volumes of retail property are expected to rise as high as $180 billion by 2020, a 30 to 50% uptick. Cross-border activity is expected to account for half of this.
KOBLENZ, GERMANY—It's a sign of the times that the 1-million-square-foot industrial asset, in a local distribution hub, is fully leased to Amazon.com. And GlobeSt.com got the pricing exclusive.
LONDON-By taking a minority cut in trophy assets, Madison International provides an exit strategy for antsy investors. The firm is applying the same strategy in Europe, but on a cautious basis.
NEW YORK CITY-The joint venture with Mexican developer GFa Grupo Inmobiliario intends to develop as much as 18 million square feet in a nation Thor's Joseph Sitt calls "the new Brazil.
LOS ANGELES-Now officially established as a US-based provider, the firm is ready to roll out its push to increase its global footprint, with Canada, the US and Latin America in its sites.
NEW YORK CITY-Ric Clark, Jeff Schwartz and Robert Toll all seem to feel that the economy will do great . . . if Congress doesn’t muck up the Fiscal Cliff issue.