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.
NEW YORK CITY—The asset manager's third major reorganization since 2012, the changes will also result in an expanded multi-asset strategies team and a combined active equity platform.
NEW YORK CITY—While the US economy is changing, "the people and economic institutions continue to be innovative and enthusiastic," according to Integra Realty Resources.
NEW YORK CITY—"We will be bringing value back home to the buildings, owners, all members and this great city overall," BOMA/NY president Jim Kleeman said as he took the reins last week.
WASHINGTON, DC—The levels of delinquencies and losses on commercial mortgages held by insurance companies are among the lowest of any lender class, according to CREFC and Trepp.
NEW YORK CITY—The activist investor, which disclosed a stake in Macy's this past July, is proposing separate JVs for the retailer's flagship stores and its hundreds of mall locations.
IRVINE, CA—"Our move to the Ten-X brand reflects our evolution into a marketplace for a much broader range of residential and commercial property types," says CEO Tim Morse.
SANTA BARBARA, CA—Minus the "froth of 2015," multifamily rent gains in 2016 will outpace the eight-year average, "satisfying most property owners," according to Yardi Matrix.
LONDON—However, Preqin's Andrew Moylan notes that "the number of funds reaching a final close is down from 2014, as more capital was concentrated among fewer fund managers."
NEW YORK CITY—Its acquisition of the Peter Cooper Village/Stuyvesant Town complex in partnership with Ivanhoé Cambridge was the only the highest-profile of Blackstone's commercial property buys locally.