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Author Archives: Ramin Seddiq

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Takashimaya To Expand Its Presence in Vietnam With a New Store in Hanoi

CRE Worldwide Posted on May 16, 2024 by Ramin SeddiqMay 16, 2024

Japanese department store operator Takashimaya intends to expand its presence in Vietnam by opening a store in Hanoi, according to Inside Retail, which reports (citing Nikkei) that the company’s subsidiary, Toshin Development, has already started work on a mixed-use complex … Continue reading →

Posted in International CRE | Tagged Asia, Development, Investments, Leasing, Retail

citizenM To Open Its Third DC Location in Georgetown

CRE Worldwide Posted on May 14, 2024 by Ramin SeddiqMay 14, 2024

Netherlands-based premium economy hotel chain citizenM is slated to open a new 228-key location in DC’s Georgetown, according to Donohoe. The plans indicate that the new seven-story hotel at 3401 Water Street NW (aka 3401 K Street NW) will incorporate … Continue reading →

Posted in Metro DC CRE | Tagged Construction, Development, Europe, Hospitality, Hotels, Investments

Argentina Attempts To Overcome Perónism

CRE Worldwide Posted on December 26, 2023 by Ramin SeddiqDecember 26, 2023

Perónism has ruled Argentina for over half the time since Juan Perón’s first presidency in the 1940s. To this day, Perónists are politically powerful, particularly in the trade unions and political classes. The Justicialist Party (“PJ”) has been the largest … Continue reading →

Posted in International CRE | Tagged Absorption, Development, Economy, Government, Housing Market, Industrial, Interest Rates, Investments, Latin America, Leasing, Legal, Multi-family, Office, Pricing, Retail, South America, Vacancy Rates

Let Berry Stand

CRE Worldwide Posted on December 5, 2023 by Ramin SeddiqJanuary 28, 2025

On March 23, 2023, the Supreme Court of Virginia issued an opinion in Berry v. Board of Supervisors (Record No. 211143) reversing the Fairfax County Circuit Court (hereinafter, “Circuit Court”) and finding the county’s 2021 zoning ordinance adopted in March … Continue reading →

Posted in US CRE | Tagged Development, FOIA, Government, Legal

5 WTC

CRE Worldwide Posted on October 5, 2023 by Ramin SeddiqOctober 5, 2023

A 900-foot-tall mixed-use skyscraper is planned for 5 World Trade Center (“5 WTC”) in lower Manhattan. Located at the southern end of the World Trade Center campus at 130 Liberty Street, the building is slated to have 190,000sf of office … Continue reading →

Posted in US CRE | Tagged Development, Leasing, Multi-family, New York, Office, Retail

Outback’s Brazil Portfolio Is Its Shining Star

CRE Worldwide Posted on September 28, 2023 by Ramin SeddiqSeptember 28, 2023

Tampa-based Outback Steakhouse has done extraordinarily well in Brazil. According to CNBC, in the first half of 2023, Brazilian sales rose by 61 percent, foot traffic increased by 42 percent and the average check increased by 19.2 percent compared with … Continue reading →

Posted in International CRE | Tagged Brazil, Demographics, Economy, Latin America, Leasing, Restaurants, Retail, South America

Nearshoring Elevates Laredo’s Prominence as a Logistics and Trade Hub

CRE Worldwide Posted on September 20, 2023 by Ramin SeddiqSeptember 20, 2023

Google/Oxford Languages defines nearshoring the “practice of transferring a business operation to a nearby country, especially in preference to a more distant one.” High shipping rates, political tension between the U.S. and China, global geopolitical uncertainty and USMCA advantages have … Continue reading →

Posted in US CRE | Tagged Canada, China, Development, Economy, Government, Industrial, Investments, Latin America, Leasing, Vacancy Rates

Commonwealth Appeals Decision Related to VFOIA’s “Working Papers and Correspondence Exclusion”

CRE Worldwide Posted on September 12, 2023 by Ramin SeddiqJanuary 28, 2025

The Virginia Freedom of Information Act (“VFOIA”), located at § 2.2-3700 et seq. of the Code of Virginia, “ensures the people of the Commonwealth ready access to public records in the custody of a public body or its officers and … Continue reading →

Posted in US CRE | Tagged FOIA, Government, Legal

Study: Working Hours for the Average Worker Have Decreased Dramatically Over the Last 150 Years

CRE Worldwide Posted on September 4, 2023 by Ramin SeddiqSeptember 4, 2023

Source: https://ourworldindata.org/working-more-than-ever

Continue reading →
Posted in International CRE | Tagged Demographics, Development, Economy

The Resurgence and Evolution of the Health and Fitness Club Industry

CRE Worldwide Posted on August 28, 2023 by Ramin SeddiqAugust 28, 2023

The $32 billion U.S. fitness industry is experiencing a resurgence and evolution, with promising future prospects. According to the Houston Chronicle, Placer.ai named the fitness industry as one of 2022’s top industries in its annual overview of industries. Globally, health … Continue reading →

Posted in US CRE | Tagged Development, Economy, Leasing, Retail, Technology

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