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.
PARIS-Investors haven't caught on to the Ile-de-France industrial market, even though availability stands at 6.3% and rents are expected to rise by as much as 20%. Yields are hovering above 9%, outperforming most other vertical sectors, according to one report.
NEW YORK CITY-The capital and the interest are there, a Sonnenblick-Goldman director tells GlobeSt.com. A solid sale might now make so-far hesitant Japanese sellers a bit more confident.
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.