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Author Archives: Ramin Seddiq

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Mexico City Abolishes Minimum Parking Requirements

CRE Worldwide Posted on July 22, 2017 by Ramin SeddiqJuly 23, 2017

Mexico City has eliminated minimum parking requirements and will instead cap the number of parking spaces allowed in new developments, according to Streetsblog. The cap number will depend on the type and size of the building with some of the … Continue reading →

Posted in International CRE | Tagged Development, Government, Latin America, Legal

Retailers Increase Lobbying Activity

CRE Worldwide Posted on July 19, 2017 by Ramin SeddiqJuly 19, 2017

Retail sector lobbying expenditures increased by 31 percent in Q1–2017 compared with the same period last year, according to OpenSecrets.org. Better technology and the resulting shift in shopping culture has let to economic distress for the retail sector, especially for … Continue reading →

Posted in US CRE | Tagged Economy, Government, Retail, Taxes, Technology

West Coast Coffee Continues DC Invasion

CRE Worldwide Posted on July 18, 2017 by Ramin SeddiqJuly 18, 2017

Oakland-based Blue Bottle Coffee Company has opened its first DC location at 1046 Potomac Street NW in Georgetown. Founded in 2002 by James Freeman, the gourmet coffee chain also has stores in California, New York and Tokyo. In addition to … Continue reading →

Posted in Metro DC CRE | Tagged Leasing, Retail

easyHotel Plans to Expand Further into Asia

CRE Worldwide Posted on July 17, 2017 by Ramin SeddiqJuly 17, 2017

UK-based easyHotel plans to expand into Iran and Sri Lanka with 500 rooms and 200 rooms respectively, according to Business Every free viagra no prescription hop over to this link married couples dream about happy married life. An amino acid … Continue reading →

Posted in International CRE | Tagged Asia, Europe, Hospitality, Hotels, UK

Puerto Rico’s Foreclosure Crisis

CRE Worldwide Posted on July 15, 2017 by Ramin SeddiqJuly 15, 2017

Puerto Rico’s population has dropped by about two percent per year for the past three years, according to Bloomberg. The U.S. territory, which is grappling with a $74 billion debt and an unemployment rate over 12 percent has also seen … Continue reading →

Posted in US CRE | Tagged Economy, Government, Housing Market, Legal, Lending

MGM National Harbor Leads Among Maryland Casinos

CRE Worldwide Posted on July 14, 2017 by Ramin SeddiqJuly 14, 2017

MGM National Harbor, which opened just outside of Washington DC last December, topped $50 million in monthly revenue for three of the past four months, according to CalvinAyre.com. The $1.4 billion property generated about $51.2 million in March, $50.5 million … Continue reading →

Posted in Metro DC CRE | Tagged Hospitality, Hotels, Taxes

Denver Retail Sector Update

CRE Worldwide Posted on July 13, 2017 by Ramin SeddiqJuly 13, 2017

High in-migration and lower unemployment rates have created positive conditions for the Denver retail sector. During Q-1 2017, Denver saw lower vacancy rates than during any quarter of 2016, according to Colliers International. Net absorption during this quarter was positive … Continue reading →

Posted in US CRE | Tagged Absorption, Economy, Leasing, Retail, Vacancy Rates

Rite Aid – Walgreens Merger Shelved

CRE Worldwide Posted on July 9, 2017 by Ramin SeddiqJuly 9, 2017

Having failed to secure Federal Trade Commission (FTC) approval, Rite Aid and Walgreens Boots Alliance have scuttled plans to merge. Instead, Walgreens will acquire 2,186 Rite Aid stores and three distribution centers for $5.175 billion in cash. Under this deal, … Continue reading →

Posted in US CRE | Tagged Economy, Government, Leasing, Retail

Apple’s Plans for Store at Carnegie Library Moving Forward

CRE Worldwide Posted on July 8, 2017 by Ramin SeddiqJuly 8, 2017

DC’s Historic Preservation Review Board (HPRB) recently approved plans for the restoration and retrofitting of the Carnegie Library at Mount Vernon Square, according to The Architect’s Newspaper. Apple intends to share the 63,000sf neoclassical building with Events DC and

Continue reading →
Posted in Metro DC CRE | Tagged Development, Leasing, Retail, Technology

Cambodia’s Economy

CRE Worldwide Posted on July 7, 2017 by Ramin SeddiqJuly 7, 2017

Cambodia’s economy has been growing at over seven percent per year for the past six years, according to Frontera. Foreign investment in the southeast Asian country of about 16 million people with a nominal GDP of about $20 billion has … Continue reading →

Posted in International CRE | Tagged Asia, Development, Economy, Investments

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