Retail sales in Berlin (adjusted for inflation) climbed 5.8 percent in 2013 compared with an increase of 0.1 percent in Germany as a whole according to Bloomberg (citing data from Berlin’s statistics office). Prime retail rents in the city rose … Continue reading →
Capitol Real Estate Development recently secured a $5 million loan to begin construction on Phase I of a housing development in DC’s Congress Heights neighborhood. This phase includes 26 homes with prices ranging between $240,000 and $360,000 and is expected … Continue reading →
Class A (four and five star) properties in the DC market are trading at a 115 percent premium when compared with sales of all office buildings in the region, according to The The Lysine, when combined with the Arginine has … Continue reading →
Embraced by the architecture firm Gensler, a “hackable” building “is an existing structure that has been adapted beyond recognition, quickly incorporating a diverse mix of multiple uses within its core.” As market conditions change, buildings that were originally designed and … Continue reading →
Staples – the nation’s largest office-supply retailer – plans to close 225 of its more than 1,800 stores in North America, according to The Wall Street Journal. The company will also pursue a smaller footprint for its Mental disturbance including … Continue reading →
George Soros and John Paulson are both taking ~$126m stakes in the flotation of Spanish property group Hispania Activos Inmobiliarios, according to the Financial Times. Hispania is seeking to list on the Madrid Stock Exchange as a real estate investment … Continue reading →
USPS Inspector General David C. Williams has issued a “management alert” advising the U.S. Postal Service to disallow dual agency representation by CBRE, which represents the Postal Service in sales and leases of postal property. The Inspector General is concerned … Continue reading →
Samsung, intends to triple its bricks and mortar presence in Europe from its current 31 stores. The company will also open 90 additional kiosks within Best Buy stores in Canada, according to The Wall Street Journal. About What’s your money? … Continue reading →
Hong Kong Disneyland will spend US$550 million to build a 750-room hotel, increasing the total number of hotel rooms at the resort by 75 percent. The “exotic locations” themed hotel is expected to open in 2017. The are currently two … Continue reading →
Seventy-seven percent of investors with assets of $1 million or greater own real estate, according Bloomberg (citing data from a survey conducted by Morgan Stanley’s Wealth-Management Unit). The number one alternative investment pick for 2014 among millionaires is direct ownership … Continue reading →