The DC Historic Preservation Review Board ruled last week that the Old City Development Group and PGN Architects redevelopment plans for the former Holzbeierlein Bakery warehouse in Shaw are compatible “with the character of the industrial complex of buildings,” according … Continue reading →
Deferred Action for Childhood Arrivals (DACA) provides protection from deportation and employment authorization for certain undocumented immigrants who entered the United States before the age of 16. According to a report published by Immigrant Legal Resource Center, the U.S. granted … Continue reading →
Germany has outpaced the UK to become Europe’s most active commercial real estate market. In 2016, about $63.5 billion in commercial property traded hands in Germany compared to about $60.9 billion in the UK, according to MarketWatch (citing data from … Continue reading →
The Northern Manhattan submarket condo/co-op average sales price increased by nine percent from $615,648 ($743/sf) in Q4–2015 to $671,192 ($794/sf) in Q4–2016. The number of closed sales It promotes the activity of the enzyme cGMP that promotes the health of … Continue reading →
The Moody’s/RCA Commercial Property Prices Indices, which cover the multi-family, retail, industrial and office sectors, dropped by 40 percent from late 2007 to the end of 2009. Since then, the indices have more than doubled and are now 23 percent … Continue reading →
Nestlé will move its U.S. corporate headquarters from Southern California to Arlington, Virginia, according to ARLnow. The company is leasing 200,000sf on the top nine floors of 1812 N. Moore which is located in the Rosslyn neighborhood. Monday Properties owns … Continue reading →
The Q4–2016 asking rent for Class A office in Baltimore’s CBD is $24.21/sf (full service). The availability rate for this submarket and class is 22.8 percent out of a total inventory of about 8.2 million square feet. Major lease transactions … Continue reading →
Russian interest in Miami real estate has increased since the U.S. presidential election, according to a CNBC report. On miamire.com, the official website of the Miami Association of Realtors, searches originating from Russia topped the list of international interest in … Continue reading →
In an effort to curtail foreign property owners from leaving their apartments vacant for much of the year, the Paris city council is expected to adopt a measure on Monday that would triple, from 20 percent to 60 percent, the … Continue reading →
Restaurant tax revenue in DC increased by over $41 million from 2011 to 2015, according to Washingtonian magazine. The proliferation of new restaurants, coupled with increases in the city’s minimum wage rate (recently upped to $11.50/hour and on track to … Continue reading →