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Category Archives: US CRE

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VFOIA’s Broken Fee Structure Prices Out Many Virginians

CRE Worldwide Posted on January 21, 2025 by Ramin SeddiqFebruary 9, 2025

The Virginia Freedom of Information Act (“VFOIA”), located at § 2.2-3700 et seq. of the Code of Virginia, states in part that “[b]y enacting this chapter, the General Assembly ensures the people of the Commonwealth ready access to public records … Continue reading →

Posted in US CRE | Tagged Economy, FOIA, Government, Investments, Legal, Technology

Strip Centers Experience a Revival

CRE Worldwide Posted on October 6, 2024 by Ramin SeddiqOctober 6, 2024

According to the International Council of Shopping Centers (ICSC), a strip center is an “[a]ttached row of stores or service outlets managed as a coherent retail entity, with on-site parking usually located in front of the stores. Open canopies may … Continue reading →

Posted in US CRE | Tagged Cap Rates, Economy, Healthcare Real Estate, Investments, Leasing, Retail, Vacancy Rates

Further Point Enterprises and Mike LaVitola Plan To Resuscitate Some of Upscale Grocer Foxtrot’s Locations

CRE Worldwide Posted on June 6, 2024 by Ramin SeddiqJune 6, 2024

On April 23, 2024, the Chicago-based operator of Foxtrot and Dom’s Kitchen & Market announced the closure of all store locations amid plans to file for bankruptcy, according to Forbes. Chicago Reader writes that one thousand people were out of … Continue reading →

Posted in US CRE | Tagged Investments, Leasing, Legal, Retail

Let Berry Stand

CRE Worldwide Posted on December 5, 2023 by Ramin SeddiqJanuary 28, 2025

On March 23, 2023, the Supreme Court of Virginia issued an opinion in Berry v. Board of Supervisors (Record No. 211143) reversing the Fairfax County Circuit Court (hereinafter, “Circuit Court”) and finding the county’s 2021 zoning ordinance adopted in March … Continue reading →

Posted in US CRE | Tagged Development, FOIA, Government, Legal

5 WTC

CRE Worldwide Posted on October 5, 2023 by Ramin SeddiqOctober 5, 2023

A 900-foot-tall mixed-use skyscraper is planned for 5 World Trade Center (“5 WTC”) in lower Manhattan. Located at the southern end of the World Trade Center campus at 130 Liberty Street, the building is slated to have 190,000sf of office … Continue reading →

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

Nearshoring Elevates Laredo’s Prominence as a Logistics and Trade Hub

CRE Worldwide Posted on September 20, 2023 by Ramin SeddiqSeptember 20, 2023

Google/Oxford Languages defines nearshoring the “practice of transferring a business operation to a nearby country, especially in preference to a more distant one.” High shipping rates, political tension between the U.S. and China, global geopolitical uncertainty and USMCA advantages have … Continue reading →

Posted in US CRE | Tagged Canada, China, Development, Economy, Government, Industrial, Investments, Latin America, Leasing, Vacancy Rates

Commonwealth Appeals Decision Related to VFOIA’s “Working Papers and Correspondence Exclusion”

CRE Worldwide Posted on September 12, 2023 by Ramin SeddiqJanuary 28, 2025

The Virginia Freedom of Information Act (“VFOIA”), located at § 2.2-3700 et seq. of the Code of Virginia, “ensures the people of the Commonwealth ready access to public records in the custody of a public body or its officers and … Continue reading →

Posted in US CRE | Tagged FOIA, Government, Legal

The Resurgence and Evolution of the Health and Fitness Club Industry

CRE Worldwide Posted on August 28, 2023 by Ramin SeddiqAugust 28, 2023

The $32 billion U.S. fitness industry is experiencing a resurgence and evolution, with promising future prospects. According to the Houston Chronicle, Placer.ai named the fitness industry as one of 2022’s top industries in its annual overview of industries. Globally, health … Continue reading →

Posted in US CRE | Tagged Development, Economy, Leasing, Retail, Technology

Deed in Lieu of Foreclosure

CRE Worldwide Posted on August 20, 2023 by Ramin SeddiqAugust 20, 2023

A deed in lieu of foreclosure (also known as a deed in lieu) is a deed instrument that conveys title of a property encumbered by a mortgage, to the mortgagee, usually in full satisfaction of the obligation secured by the … Continue reading →

Posted in US CRE | Tagged Investments, Leasing, Legal, Lending, Taxes

The Surge in Extended-Stay Hotel Projects

CRE Worldwide Posted on August 6, 2023 by Ramin SeddiqAugust 6, 2023

The rise in remote work, the resurgence of air travel, inflation-driven price-consciousness, government funding for infrastructure projects and higher labor costs for full-service hotels have contributed to an increase in demand for extended-stay hotels. In response, many of the major … Continue reading →

Posted in US CRE | Tagged Development, Economy, Europe, Government, Hospitality, Hotels, Investments, Latin America, Operating Costs

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