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Author Archives: Ramin Seddiq

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Macy’s Flagship Store Undergoing $400 million Renovation

CRE Worldwide Posted on November 29, 2013 by Ramin SeddiqNovember 29, 2013

In an effort to generate sales growth, Macy’s is spending $400 million on the renovation of its Herald Square store adding 100,000sf of retail space for a total of 1.2 million square feet. The renovation project is expected to complete … Continue reading →

Posted in US CRE | Tagged Construction, New York, Retail

Toronto’s Land Transfer Tax Contributes to City’s Budget Surplus

CRE Worldwide Posted on November 20, 2013 by Ramin SeddiqNovember 20, 2013

Toronto’s land transfer tax is expected to bring in $346 million in 2013 – $25 million more than projected, according to the Toronto Star. The additional revenue is due to a stronger housing market and a higher-than-expected number of real … Continue reading →

Posted in International CRE | Tagged Canada, Government, Taxes

Office Conversions Gain Popularity in Central London

CRE Worldwide Posted on November 20, 2013 by Ramin SeddiqNovember 20, 2013

In response to rising demand, many town house office buildings in central London are being converted back into residential properties. The average cost of a home in London has increased by nine percent in the year to September and is … Continue reading →

Posted in International CRE | Tagged Development, London, Multi-family, Office, UK

George Washington University is Heavily Invested in DC Real Estate

CRE Worldwide Posted on November 17, 2013 by Ramin SeddiqNovember 17, 2013

George Washington University’s real estate investments have tripled over the past decade and appreciated by $20 million in the past year, totaling $813 million by Q3 2013, according to Hypnosis can not only deliver strategies to aid resolve the issue … Continue reading →

Posted in Metro DC CRE | Tagged Development, Investments

New Retail Project in the Bronx

CRE Worldwide Posted on November 16, 2013 by Ramin SeddiqNovember 16, 2013

The MTA is selling a 550,000sf site in the Pelham Gardens area of Bronx to a partnership of Grid Properties and Gotham Organization for $30.5 million,

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

Montreal Sees Rise in Commercial Property Tax Rates

CRE Worldwide Posted on October 21, 2013 by Ramin SeddiqOctober 21, 2013

Montreal’s commercial-to-residential tax ratio increased to 4.40 in 2013 – a 2.7 percent rise over the previous year, according to The Real Property Association of Canada (REALpac). This stands in contrast to other Canadian cities which have seen improvements in … Continue reading →

Posted in International CRE | Tagged Canada, Government, Taxes

WRIT to Sell its Healthcare Real Estate Portfolio

CRE Worldwide Posted on October 21, 2013 by Ramin SeddiqOctober 21, 2013

Washington Real Estate Investment Trust (WRIT) has entered into four separate contracts (with one buyer) to sell its medical office portfolio, according to Seeking Alpha. WRIT will sell a total of 1.5 million square feet for $500,750,000 ($329PSF). The portfolio … Continue reading →

Posted in Metro DC CRE | Tagged Healthcare Real Estate, Office, RE Sales, REITs

Santiago’s Office Market Vacancy Rate

CRE Worldwide Posted on October 2, 2013 by Ramin SeddiqOctober 2, 2013

Santiago’s office market vacancy rate increased from 3.7 percent at the end of 2012 to 4.1 percent in June 2013, according to World Property Channel. The expected delivery of an additional ~1.8 Many physicians also feel uncomfortable and viagra 25mg … Continue reading →

Posted in International CRE | Tagged Latin America, Leasing, Office, Vacancy Rates

Dallas Leads the U.S. Market in Office Vacancy Rate Decline

CRE Worldwide Posted on September 28, 2013 by Ramin SeddiqSeptember 28, 2013

The Q3-2013 office market vacancy rate in Dallas dropped from 19.1 percent to 18.1 percent – the largest decline among major U.S.markets, according to D Magazine On the other hand, tender points are pill viagra for sale areas of tenderness … Continue reading →

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DC Mayor Vetoes “Large Retailer Accountability Act”

CRE Worldwide Posted on September 13, 2013 by Ramin SeddiqSeptember 13, 2013

DC Mayor Vincent C. Gray vetoed the Large Retailer Accountability Act of 2013. In a letter to DC Council Chairman Phil Mendelson, the Mayor cited six “fundamental misunderstandings” about the effects of this legislation: The bill is not a true living-wage … Continue reading →

Posted in Metro DC CRE | Tagged Development, Government, Retail

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