On July 1, the DC government announced that the development team consisting of Monument Realty, Morningstar Community Development, The May Firm, and Community Housing Partners was selected out of six proposals for the development of 2 Patterson NE – a … Continue reading →
The AnnA Villa, a luxury property located in Boulogne-Billancourt in the western suburbs of Paris, is the first European property to be sold entirely via blockchain transaction, according to Forbes. Ownership of the property, valued at €6.5 million, was transferred … Continue reading →
Los Angeles-based Forever 21 Inc. has retained investment bank Lazard Ltd. and law firm Kirkland & Ellis for restructuring advice, according to Bloomberg. The fast fashion retailer, which opened its first store in 1984, has more than 800 locations worldwide. … Continue reading →
WashREIT has entered into two agreements with separate institutional buyers to sell a total of eight retail assets. The first sale agreement includes the following five retail assets: Gateway Overlook, Columbia, MD; Wheaton Park, Wheaton, MD; Olney Village Center, Olney, … Continue reading →
The number of jobs (all employees) at private breweries (all establishment sizes) increased from 26,380 in 2008 to 77,902 in 2018, according to the Bureau of Labor Statistics (BLS). The top three Metropolitan Statistical It can cure the root of … Continue reading →
According to Bloomberg (citing data from the Bank of Russia), between September 2017 and September 2018, the Russian central bank, which has the world’s fifth largest international reserves, more than halved the share of dollars in its reserves, replacing it … Continue reading →
One year after switching to fresh beef in its quarter-pound burgers, McDonald’s has gained market share in the “informal eating out” category for the first time in five years, according to Business Insider (citing a company report). The change from … Continue reading →
In Knick v. Twp. of Scott, Pennsylvania, decided on June 21, 2019, the U.S. Supreme Court ruled that property owners have an actionable Fifth Amendment takings claim when the government takes their property without paying for it, and therefore may … Continue reading →
The Q1–2019 office vacancy rate for the DC Metro area was 12.9 percent, according to Commercial Observer. By comparison, the nationwide vacancy rate was 9.80 percent for the same quarter. More than 12 million square feet of office space was … Continue reading →
Eko Atlantic is a planned city of Lagos State, Nigeria. The project, which began in 2009, is being constructed on land reclaimed from the Atlantic Ocean. The 10 million square meters of reclaimed land is protected from rising sea tides … Continue reading →