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-This is the first acquisition for the government pension fund outside of Europe. The five office assets are in Boston, DC and here. TIAA retains 50.1% of the assets.
MIAMI-Before the big commissions roll in, young brokers need to know how to keep body and soul together. In this first part of a two-part story, Andres del Corral of Blanca Commercial Real Estate discusses the stark reality of starting out.
TORONTO-A spokesman for the asset-management arm of the firm says the Brazilian suit, news of which published widely on Wednesday, was the product of a disgruntled employee.
DOWNSVIEW, ONTARIO—H&R is poised to close on the acquisition of its rival. The REIT was in a bidding war with KingSett, which has withdrawn its bid and joined in H&R's acquisition.
NEW YORK CITY-If you didn't, you're in the minority, according to a study just completed by CoreNet Global and FPL Associates, which GlobeSt.com has accessed exclusively.