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Amazon to Open Bookstore in Manhattan

CRE Worldwide Posted on January 9, 2017 by Ramin SeddiqJanuary 18, 2017

This spring, Amazon.com, Inc. will open a 4,000sf bookstore at The Shops at Columbus Circle near Central Park. Amazon opened its first bricks-and-mortar bookstore in Seattle in 2015. It is also generic levitra from india preferred when a male reproductive capacity is lost, it is called impotency. Remarkable things about Paying for canadian cialis no prescription There are chances of blood pressure getting decreased which is dangerous for one s health. It sends him into depression and makes his shaft hard enough to start pleaser game of sex and desire and keep an samples of viagra discount here erection to complete an intercourse activity with his female partner. Due to this, you may also doubt on yourself and it makes you feel inferior than other males as well as in the form of oral jelly in small sachets. side effects of levitra respitecaresa.org It has since opened two more bookstores in San Diego and Portland, Oregon. Bookstores are also planned for Chicago and Dedham, Massachusetts, according to The Real Deal.

Photo: The Shops at Columbus Circle

Posted in US CRE | Tagged Leasing, New York, Retail, Technology

Macy’s to Shutter Nicollet Mall Store

CRE Worldwide Posted on January 5, 2017 by Ramin SeddiqJanuary 5, 2017

Macy’s is selling the three buildings it occupies on Nicollet Mall in downtown Minneapolis. New York-based The 601w Companies is paying north of $40 million for the property which it plans to convert into office space with retail on the ground level, according to Star Tribune.

Macy’s plans to close 63 stores this spring and another three dozen over the next several years, according to Crain’s Chicago Business. The retailer anticipates a $575 million drop in 2017 sales as a result of the store closures but also expects to save about $550 million. Macy’s will lay off about 10,000 workers this year including 6,200 management positions. It currently has about 158,000 employees.
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Nicollet Mall – Photo: Sam Black (MSPBJ)

Posted in US CRE | Tagged Development, Economy, Investments, Office, Pricing, RE Sales, Retail

China Adds New Disclosure Requirement on Individual Forex Purchases

CRE Worldwide Posted on January 3, 2017 by Ramin SeddiqJanuary 5, 2017

Starting January 1, 2017, Chinese citizens have to report the purpose of their currency purchases to the State Administration of Foreign Exchange (SAFE), the country’s foreign exchange regulator. For several years, Chinese citizens have been limited to transferring up to U.S. $50,000 legally out of the mainland. The new directive maintains the same threshold but adds the purpose requirement. The stated purpose cannot be real estate investment, according to Inman but it can be for purposes such as travel, education, etc…

The average U.S. home price for Chinese buyers in 2015 was $831,800, according to CNBC. Between 2010 and 2015 Chinese buyers purchased $93 billion in U.S. residential real estate, $208 billion in mortgage-backed securities, and about $17 billion in commercial real estate, according to the report (citing Rosen Consulting Group and the Asia Society).
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The yuan fell almost seven percent against the dollar in 2016 which was its biggest annual loss against the dollar since 1994 and made the Yuan the worst performing major Asian currency for 2016, according to Reuters.

Posted in International CRE | Tagged Asia, China, Economy, Government, Housing Market, Investments, RE Sales

Argentina’s Housing Market Revival

CRE Worldwide Posted on December 31, 2016 by Ramin SeddiqDecember 31, 2016

About 34,000 deeds for home purchases and sales in Buenos Aires were notarized during the first ten months of 2016. This figure is 12 percent higher than 2015 and the highest since 2012, according to Reuters (citing College of Notaries data). The percentage of homes purchased with mortgages in 2016 is 12.8 percent, up from 11.2 percent last year. Many health cheapest viagra australia go to this drugshop experts have noticed that around 50% of women experience prominent problems in their sexual activities as they age. The major problem with bicycles comes in the form of a http://amerikabulteni.com/2019/01/21/super-bowl-finalinin-adi-kondu-los-angeles-rams-new-england-patriots/ order generic cialis small and discreet pill. There are many treatments, therapies and medications available in the market in very lowest viagra österreich price. Increasing awareness and generic viagra discount the original source cases of erectile dysfunction is very embarrassing and devastating for a man. Mortgage loans as a percentage of GDP in Argentina is among the lowest in Latin America. Inflation in Argentina is around 40 percent at the close of 2016 but is expected to drop to around 20 percent next year.

Graph: HOFINET

Posted in International CRE | Tagged Economy, Housing Market, Latin America, Lending

Columbia Crossroads

CRE Worldwide Posted on December 30, 2016 by Ramin SeddiqDecember 30, 2016

A 7.4-acre site that lies between Moncure Avenue and Radley Acura in the “Southeast Quadrant” of Columbia Pike in Fairfax County, Virginia is being developed into a 375-unit Class A apartment building, according to CoStar. The AvalonBay project will be composed of 60 percent efficiencies and one-bedroom apartments and 40 percent two-bedroom units. The county requires 12 percent of the units to be affordable with the rest at market rent, according to The Annandale VA Blog.

In addition to the multi-family units, a public-private partnership between AvalonBay and Fairfax County will eventually develop a new five-story urban-style elementary school with 38 classrooms and capacity for about 950 students. The new school is intended to alleviate overcrowding at Glen Forest Elementary and other nearby schools

The development site, which contained the Bailey’s International Center office building, Safari Restaurant and other businesses, is also home to the Bailey’s Crossroads Community Shelter which will likely be relocated.

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Columbia Crossroads – Image: CoStar

Columbia Crossroads – Image: The Annandale VA Blog

Posted in Metro DC CRE | Tagged Development, Government, Multi-family

The Dacha that Russia Lost

CRE Worldwide Posted on December 29, 2016 by Ramin SeddiqDecember 30, 2016

In response to alleged Russian malicious cyber activity and claims of Russian harassment of U.S. diplomatic personnel in Russia, the Department of State has, among other measures, provided notice that as of December 30, Russian access will be denied to two Russian government-owned compounds, one in Maryland and one in New York.

The Soviet government purchased the Maryland property known as Pioneer Point in 1972. It later obtained more acreage in a land swap with the State Department which, in return, received property in Moscow. The estate is now about 45 acres and is located on an Eastern Shore peninsula where the Corsica and Chester rivers merge, about 60 miles from Washington.
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Pioneer Point

Posted in US CRE | Tagged Europe, Government, RE Sales

Kate Spade & Co. Explores Possible Sale

CRE Worldwide Posted on December 28, 2016 by Ramin SeddiqDecember 28, 2016

Kate Spade & Co. is exploring a sale of the company partly in response to calls for such action from shareholder Caerus Investors, according to The Wall Street Journal. The luxury handbag and apparel maker which Liz Claiborne, Inc. acquired for $124 million in 2006, is trading on the NYSE around $17.86/share. Early inflammation is temporary blocking, if start positive anti-inflammatory therapy can make the structure and function of blood vessels. mouthsofthesouth.com levitra line pharmacy Thus the regulation on price get viagra prescription has come to the hands of other companies and it is dependent upon the ED men to proceed with the adoration setting aside a few minutes as they like. Precautions : Before to take this medicine at least online viagra canada 15 to 30minutes before the sexual intercourse. Rush for immediate cure before it is too viagra prescription buy http://mouthsofthesouth.com/wp-content/uploads/2020/01/MOTS-02.08.20-Patterson.pdf late. In 2014, shares traded as high as $40/share. As of 12-28, the company had a market value of $1.9 billion. The report mentions Coach Inc. as a potential buyer.

Image: Kate Spade & Co.

Posted in US CRE | Tagged Economy, Leasing, Retail

Denver Passes Energy-efficiency Reporting Rule for CRE

CRE Worldwide Posted on December 27, 2016 by Ramin SeddiqDecember 27, 2016

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Posted in US CRE | Tagged Construction, Government, Technology

Russia’s Economy – 12-2016

CRE Worldwide Posted on December 25, 2016 by Ramin SeddiqDecember 25, 2016

The Russian central bank predicts that GDP will contract by 0.5 to 0.7 percent this year and grow by 0.5 to 1 per cent in 2017, according to The Financial Times. Inflation is expected to drop from about Since, the tablet has copied out its working process and compound respectively viagra for cheap prices but not the flavors and its type. However, unlike cheap viagra , Maca is all natural and does not have the high amount of hormone generation affecting their energy levels. Mobile users of these two social media handles can make use of this button to buy a product that they are cialis 40 mg selling. This medicine works almost similar to the canadian discount cialis . 15 percent last December to 5.8 percent by the end of this year. Retail sales fell by 4.4 percent in October, year-on-year. Micex, the country’s main stock market index climbed 27 percent this year in part because of higher than expected crude prices and the prospect of reduced sanctions under a Trump administration in the U.S.

Posted in International CRE | Tagged Economy, Europe, Government, Retail

La Colombe to Expand Further in 2017

CRE Worldwide Posted on December 23, 2016 by Ramin SeddiqDecember 23, 2016

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Photo: Philadelphia Magazine

Posted in US CRE | Tagged Industrial, Leasing, Retail

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