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.
BETHESDA, MD—Berkadia's Keith Misner tells GlobeSt.com that multifamily investors have largely exhausted class A opportunities “and they're moving further down the matrix.”
IRVINE, CA—“The prospect of further interest rate hikes in 2017 will likely cause further deterioration of home affordability next year,” says Daren Blomquist at ATTOM.
NEW YORK CITY—The REIT will use the financing largely to acquire the remaining equity interest in Worldwide Plaza that the company doesn't already own.
NEW YORK CITY—Now a parking lot with the potential for 1.1 million square feet of development as of right, 85 Jay St. has “tremendous upside,” says Kushner president Laurent Morali.
NEWARK, NJ—PGIM Real Estate cites election-related uncertainty and a variety of trends related to investment and development activity as key influencers for the year ahead.
LOS ANGELES—The three-way merger among Colony, NorthStar Asset Management and NorthStar Realty Finance will result in “one powerful, global real-estate and real asset investment manager,” says Thomas Barrack.
BOSTON—Buy/sells can be adversarial, friendly and/or negotiated, but the goal is always a fair and equitable partner separation, writes attorney Francis Mastroianni in this EXCLUSIVE commentary.
ARLINGTON, VA—The sector would be adding more jobs “if it could only find enough qualified people to hire," says Ken Simonson at Associated General Contractors.