The Greek government intends to market 40 of its islands for lease in an effort to raise revenue, according to The Telegraph. The Hellenic Republic Asset Development Fund is charged with raising 50 billion Euros by 2020 to meet the … Continue reading →
The London Inter Bank Overnight Rate (LIBOR) is set by a panel of 18 banks that report daily estimates of what interest rate they would need to pay to borrow money for three months from other banks. The top four … Continue reading →
Boston’s Newbury Street retail market has a 3.5 percent vacancy rate – the lowest rate for the city’s retail districts, which average 10 percent, according to a New York Times article. The Back Bay office market is also strong. The … Continue reading →
NoMa is one of the fastest growing neighborhoods in DC. More than 40,000 people work in NoMa, including employees of the Department of Justice and the General Services Administration. New, luxurious apartment buildings are home to thousands residents who live … Continue reading →
Brooklyn Heights Blog reports that commercial property sales in Brooklyn increased by 50 percent in the first half of 2012 compared to the first half of 2011. A
Continue reading →The portion of Fifth Avenue between 49th Street and 42nd Street is increasingly becoming popular among retailers looking for a Fifth Avenue presence, according to the New York Times. The southward expansion is attributable to several factors: The supply of … Continue reading →
Starting October 1, DC bars will be allowed to serve alcohol for an extra hour during federal holidays and the 2013 presidential inauguration. Furthermore, package liquor stores and grocery stores will be allowed to sell alcohol at 7am – two … Continue reading →
Restaurant owners continue to struggle with the emergence of food trucks which often park right outside the restaurant entrances during peak hours and serve gourmet food at much lower prices. The restaurant industry is doing its best to convince city … Continue reading →
Sixty-two percent of DC’s new residents over the past decade chose to live in the downtown area, according to the
Continue reading →CBRE expects the Russian commercial real estate investment market to grow to $4.5 billion in 2012, according to SA Commercial Prop News. In 2011, CRE investment transactions totaled $6.4 billion. Over 3.4 million square feet of industrial space was delivered … Continue reading →