Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
DALLAS—"There's a difference between market price and market value," Ken P. Wilson tells GlobeSt.com. The one-time Appraisal Institute president will new lead business development for Joseph J. Blake & Associates.
NEW YORK CITY—Activist shareholder Jonathan Litt has called on the lodging REIT to pursue a "value-enhancing strategy" that could include a sale of "a sale of all or part of the company."
TORONTO—Spokesmen for Brookfield and General Growth Properties declined to comment on a Reuters report that the Toronto-based asset manager was exploring an acquisition of the 66% of the shopping center REIT it doesn't already own.
AUSTIN, TX—Shareholder Carl Berg says that Capretta Properties' offer for substantially all of Stratus' real estate "appears to have significant merit."
NEW YORK CITY—First announced this past October, the $8-billion privatization of the healthcare real estate landlord marks the third major REIT transaction by private equity this week.
SANTA BARBARA, CA—Despite recent stock market volatility, Yardi's Matrix Monthly report notes that "multifamily demand fundamentals and the capital markets are in good shape" for the time being.
GREENWICH, CT—Starwood Capital CEO Barry Sternlicht said this past October that the deal's size underscored "our conviction in multifamily housing's continuing ability to offer superior risk-adjusted returns."
MINNEAPOLIS—"It's not about listings; it's about listening," Jim Simpson, CEO of Crelow, tells GlobeSt.com. Find out how this online platform to introduce the office tenant to a prospective landlord works.
NEW YORK CITY—"Continued low mortgage rates, tight supplies and an improving labor market" all supported the biggest annual increase in home prices since the summer of 2014, says S&P Dow Jones' David M. Blitzer.