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Category Archives: Metro DC CRE

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DC Leads in Adaptive Reuse

CRE Worldwide Posted on November 19, 2022 by Ramin SeddiqNovember 19, 2022

Adaptive reuse is the process of taking an existing structure and adapting it for a new use. During 2020-2021, DC opened a total of 1,565 apartments by adaptive reuse, surpassing all other cities and accounting for 5.6 percent of the … Continue reading →

Posted in Metro DC CRE | Tagged Construction, Development, Hospitality, Housing Market, Multi-family, Office, Pricing

DC Court’s New E-File System Reduces Public Access to Court Filings

CRE Worldwide Posted on November 19, 2022 by Ramin SeddiqNovember 19, 2022

As of October 31, 2022, DC Superior Court has a new e-filing system. The public search portal of the previous system (CaseFileXpress) permitted the general public access to case filings in the Civil Division. The public search portal for the … Continue reading →

Posted in Metro DC CRE | Tagged Government, Legal, Technology

Metro’s Silver Line Extension To Open on November 15

CRE Worldwide Posted on November 1, 2022 by Ramin SeddiqNovember 1, 2022

The Washington Metropolitan Area Transit Authority (WMATA) announced yesterday that rail service to Washington Dulles International Airport and Loudoun County will commence on November 15. The Silver Line Extension includes a new rail maintenance and service yard (the largest in … Continue reading →

Posted in Metro DC CRE | Tagged Construction, Development, Economy, Government, Industrial, Land

A Digital Gateway in the Rural Crescent

CRE Worldwide Posted on October 31, 2022 by Ramin SeddiqOctober 31, 2022

The Prince William County Board of Supervisors will vote tomorrow on a plan to convert rural land into as much as 27 million square feet of data centers, according to The Washington Post. The “Digital Gateway” proposal asks the county … Continue reading →

Posted in Metro DC CRE | Tagged Development, Government, Industrial, Land, RE Sales, Taxes, Technology

Metro’s Dulles Extension Ready but Lacks Equipment To Operate

CRE Worldwide Posted on October 25, 2022 by Ramin SeddiqOctober 25, 2022

The Washington Metropolitan Area Transit Authority (Metro) has announced that the 11.4-mile Dulles extension is operationally ready and can open by the Thanksgiving travel period, subject to approvals from the Washington Metrorail Safety Commission (WMSC) of two submissions—a data-driven Return … Continue reading →

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

DC OAG Reaches $10 Million Settlement in Housing Discrimination Lawsuit

CRE Worldwide Posted on October 22, 2022 by Ramin SeddiqOctober 22, 2022

In 2020, the DC Office of the Attorney General (“OAG”) filed a housing discrimination lawsuit against DARO Management Services, LLC, a real estate management company that operates, maintains, and leases about 1,200 apartments across 15 buildings in NW DC; DARO … Continue reading →

Posted in Metro DC CRE | Tagged CRE Profession, Demographics, Government, Housing Market, Legal, Multi-family, Residential RE

A Robust VFOIA

CRE Worldwide Posted on October 10, 2022 by Ramin SeddiqJanuary 28, 2025

Open and transparent government can benefit Virginia’s people and commerce. An effort is underway (U.S. Sup. Ct. Dkt. No. 22-308) aimed at safeguarding the Virginia Freedom of Information Act (“VFOIA”). According to the Reporters Committee for Freedom of the Press, … Continue reading →

Posted in Metro DC CRE, US CRE | Tagged Economy, FOIA, Government, Legal

CGI Merchant Group to Acquire Trump International Hotel Lease

CRE Worldwide Posted on November 14, 2021 by Ramin SeddiqNovember 14, 2021

Miami-based CGI Merchant Group is in contract to acquire the 263-room luxury hotel lease for $375 million, according to The Wall Street Journal. In 2012, the U.S. government awarded a sixty-year lease (with two, twenty-year renewal options) of the Old … Continue reading →

Posted in Metro DC CRE | Tagged Government, Hospitality, Hotels, Investments, Leasing

Lawsuit Filed Against the Askarinams

CRE Worldwide Posted on January 9, 2021 by Ramin SeddiqJanuary 9, 2021

On October 23, 2020, CRE Worldwide filed a lawsuit against Thai Tanic (now Ammathar) et al. and the owners of 1326 14th NW (Michael Askarinam and Vahid (“Tony”) Askarinam). The matter concerns the alleged breach of a brokerage representation agreement … Continue reading →

Posted in Metro DC CRE | Tagged Development, Leasing, Legal, Multi-family, Restaurants, Retail

DC Area Leads in Tech Office Leasing Activity

CRE Worldwide Posted on August 20, 2020 by Ramin SeddiqAugust 20, 2020

The DC area ranked first nationally in tech office leasing for Q2–2020, according to Technical.ly (citing research from CBRE). At 1,445,528sf, tech office leasing activity in the DC area increased by 55 percent when compared to Q2–2019. Northern Virginia accounted … Continue reading →

Posted in Metro DC CRE | Tagged Leasing, Office, Technology

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