The Prince William County Board of Supervisors will vote tomorrow on a plan to convert rural land into as much as 27 million square feet of data centers, according to The Washington Post. The “Digital Gateway” proposal asks the county … Continue reading →
According to UBS, the term “bubble” refers to a “substantial and sustained mispricing of an asset, the existence of which cannot be proved unless it bursts.” Typical signs of a bubble include “a decoupling of prices from local incomes and … Continue reading →
Italian marketplace/food hall chain Eataly has leased 18,353sf of retail space at 200 Lafayette for its third Manhattan location, according to the New York Post. The asking rent for the space, which was previously occupied by luxury appliance showroom Pirch, … Continue reading →
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), plans to invest $24 billion in Middle Eastern and North African countries, including in the real estate sector, according to Bloomberg. Reuters reported in August that Saudi Arabia has registered … Continue reading →
Home prices in the U.S. fell by 1.1 percent between July and August, according to Full Stack Economics (citing data from the Case-Shiller index). However, significant variations exist at the metropolitan area level. For example, in metropolitan Austin, home prices … Continue reading →
According to the National Association of Real Estate Investment Trusts (Nareit), REITs of all types collectively own more than $4.5 trillion in gross assets across the U.S. and U.S.-listed REITs have an equity market capitalization (stock market value) of more … Continue reading →
The Washington Metropolitan Area Transit Authority (Metro) has announced that the 11.4-mile Dulles extension is operationally ready and can open by the Thanksgiving travel period, subject to approvals from the Washington Metrorail Safety Commission (WMSC) of two submissions—a data-driven Return … Continue reading →
In the industrial sector, REITs and institutional investors are replacing smaller, private owners. According to Business Insider (citing data from CBRE), over each of the past 12 years, institutional investors have purchased more warehouse space than they’ve sold, while private … Continue reading →
The average asking rent in Manhattan’s retail corridors was $607/sf in Q3-2022—a 2.2 percent increase from the prior quarter and the first increase since Q4-2016, according to CBRE. The rolling four-quarter aggregate leasing velocity—a measure of total leasing (renewals and … Continue reading →
In 2020, the DC Office of the Attorney General (“OAG”) filed a housing discrimination lawsuit against DARO Management Services, LLC, a real estate management company that operates, maintains, and leases about 1,200 apartments across 15 buildings in NW DC; DARO … Continue reading →