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.
RICHARDSON, TX—Although multifamily construction is “substantial,” the current development pace is “justified by the very strong demand tallies,” says Greg Willett at RealPage.
NEW YORK CITY—With CMBS delinquencies moving higher in nine of the past 10 months, all of the gains registered in early 2016 have now disappeared, says Trepp.
CHICAGO—Domestically as well as globally, Morningstar expects “mixed economic outlooks” over the next 12 months to continue affecting property and capital markets activity.
TOLEDO, OH—For the healthcare REIT, the joint venture with Cindat Capital Management and Union Life Insurance Co. represents a key component of its strategy to reposition its portfolio.
CLEVELAND—Underwriting affordable housing to the new administration's lower corporate tax rate means “a lot of deals not penciling right now,” says KeyBank's Rob Likes.
SEATTLE—Lee & Associates CEO Jeffrey Rinkov tells GlobeSt.com why the firm's newly established Pacific Northwest office is a model for its national expansion in 2017 and beyond.