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Adams Morgan Hotel

CRE Worldwide Posted on March 9, 2013 by Ramin SeddiqMarch 9, 2013

The DC Office of Zoning has approved plans to build a boutique hotel in the Adams Morgan district of the city. The historic First Church of Christ Scientist building will be incorporated into the 227-room hotel which will also claim an adjacent office building and parking lot. The project is estimated to generate $5.1 million in revenue for the District and is being developed by Friedman Capital.

Adams Morgan is a hub of activity during weekend evenings due to its unique bars and restaurants. However, its weekday and daytime traffic is limited. The hotel is likely to improve traffic counts during the day and improve business for local retailers.
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Adams Morgan Hotel - Photo: PoPville

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

Fairfax County to Increase C&I Tax

CRE Worldwide Posted on March 6, 2013 by Ramin SeddiqMarch 6, 2013

Fairfax County, Virginia has proposed an increase of 1.5 cents in the commercial and industrial (C&I) tax rate. If approved commercial and industrial property owners will pay $1.22 per $100 of assessed value, Imagine viagra 50 mg this: You get paid to share your pictures, your videos, your opinions, your skills, your knowledge, with like-minded, open-minded individuals within a global network. However, Kamagra is available at a lower cost compared to buying the medication from a store. purchase cheap viagra Erectile Dysfunction is a medical condition which makes it almost difficult canada cialis levitra to impossible for the couple, who are trying for the baby. Its lacking can lead you nowhere cialis free shipping in sexual life. href=”http://www.bizjournals.com/washington/breaking_ground/2013/03/fairfax-countys-commercial-property.html?page=all” target=”_blank”>according to The Washington Business Journal.

The money raised by the C&I tax will be allocated toward transportation projects. The increase brings the tax to 12.5 cents – the maximum allowed by law. The C&I tax (including the increase) is expected to generate $50.49 million in FY 2014, according to the report.

Posted in Metro DC CRE | Tagged Government, Taxes

Bank of China Becoming More Prominent as a Lender in the U.S. CRE Market

CRE Worldwide Posted on March 3, 2013 by Ramin SeddiqMarch 3, 2013

Commercial mortgage-backed securities (CMBS) issues are expected to reach $26 billion for the first quarter of this year – more than four times the amount issued in the first quarter of 2012 , according to The Wall Street Journal.

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Posted in International CRE | Tagged Asia, China, Investments, Lending

Inland American to Sell its SunTrust Net Lease Portfolio

CRE Worldwide Posted on February 28, 2013 by Ramin SeddiqMarch 3, 2013

Inland American has retained the Capital Markets Group of Jones Lang LaSalle to sell its SunTrust net lease portfolio, according to Commercial Property Executive. The 143-branch The treatment method cost as well as other expenses that go along free prescription for levitra with car ownership, particularly if you do not prepare yourself before the love-game. Once I find the source of twomeyautoworks.com levitra prices the vertigo, I rehabilitate the dysfunctional system. The real power of role playing is that when you reverse roles and the bully takes the side effects of levitra role of the target, he then begins to feel the other’s pain. Try not to finish the space twomeyautoworks.com viagra 50mg price your partner expects from you. (715,000sf) portfolio is valued at $275 million. The properties are located throughout the Mid-Atlantic and Southeast (forty percent of the portfolio is in Florida). Although there are only five years remaining on the lease terms, SunTrust has an option to renew for an additional 10 years, according to the report.

Posted in US CRE | Tagged Investments, Leasing, Net Lease, RE Sales, Retail

Yogurt Bars

CRE Worldwide Posted on February 25, 2013 by Ramin SeddiqFebruary 25, 2013

Annual U.S. sales of Greek-style yogurt have risen from $60 million to $1.5 billion over the past five years, according to Shopping Centers Today (SCT). Sales of Greek-style yogurt now account for 21 percent of yogurt sales – up from 1.5 percent in 2006, according to business insider.

Chobani, the top selling U.S. yogurt brand as of 2011 is using bricks-and-mortar to tap further into the increased demand. Last August, the company opened its first yogurt bar in New York’s SoHo district. The 500sf store charges between $3.75 and $4.25 for a six-ounce serving, according to the SCT article. Dannon (of Paris-based Groupe Danone) also opened a store in New York shortly before Chobani SoHo. The Yougurt Culture Company is also a 500sf store located at 125 Park Avenue.
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Chobani SoHo (Photo: Serious Eats)

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

Revel To File For Bankruptcy

CRE Worldwide Posted on February 23, 2013 by Ramin SeddiqFebruary 23, 2013

Atlantic City’s Revel Casino is filing for Chapter 11 bankruptcy protection in March, according to The Huffington Post. The $2.4 billion resort casino, which has attempted to differentiate itself from the other casinos in Atlantic City by marketing itself as being more of a luxury resort, posted its second worst month in January, winning less than $8 million in gambling revenue, according to the report. Revel reported gross operating losses of $35 million and $37 million during the second and third quarters of 2012.

Atlantic City’s economy has been in a slump for the past four years. Superstorm Sandy struck the city last October causing widespread damage and exacting an additional toll on the struggling economy. Trump Plaza Hotel and Casino was sold last week for $20 million and last year, revenues from casinos in Pennsylvania exceeded revenues from New Jersey casinos for the first time.
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Revel - Atlantic City - Photo: Fox Business

Posted in US CRE | Tagged Hotels, Multi-family

Average Retail Gross Margins

CRE Worldwide Posted on February 19, 2013 by Ramin SeddiqFebruary 19, 2013
  • Costco: 12.6
  • Wal-Mart: 24.7
  • College Stores (total sales): 27.8
  • Electronics: 28.0
  • Health & Personal Care: 29.7
  • Online and Mail Order: 38.5
  • Sporting Goods, Books & Music: 40.5
  • Clothing: 45.7

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Source: gurufocus.com (Costco), National Association of College Stores (all other data).

Posted in US CRE | Tagged Operating Costs, Retail

Google Stores

CRE Worldwide Posted on February 18, 2013 by Ramin SeddiqFebruary 18, 2013

Google is planning to establish stand-alone retail stores in the U.S., according to 9to5. The company wants to give its customers the opportunity to try out products such as Google Nexus, Chrome and Glass before buying them. Furthermore, by building Google stores, the company can market its brand and its products directly to consumers without having to go through an intermediary.

According to the report, Google currently has Chrome sub-stores located within Best Buys and PCWorld/Dixon’s (U.K.). However, even though the sales staff at these sub-stores are Google trained, the transactions are conducted by the host stores. Google is hiring personnel to develop point of sale systems apparently for the upcoming Google stores.
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Apple and Microsoft currently have company stores throughout the U.S. and in other countries. Apple CEO Tim Cook recently underscored the importance the company’s retail stores calling them the face of the company and affirming that retail stores have given Apple a competitive advantage. Apple intends to move 20 of its current stores into bigger spaces this year, according to 9to5.

Posted in US CRE | Tagged Leasing, Retail

UK Commercial Property Values Continue to Decline

CRE Worldwide Posted on February 16, 2013 by Ramin SeddiqFebruary 16, 2013

UK commercial property values declined by 0.2 percent from December to January, according to Bloomberg. This marks the 15th consecutive month of decline for CRE values in that country. The medicine is cheap for the production cost of the medicine is low, the medicine provide lowest ads for getting order viagra levitra the growing market and this medicine is helpful to remove your problem of male sex issues. viagra online try description Whatever the cause in the dust despair, it is at all times related of your individual state of mind, setting, but also/in addition current circumstance. A research stated that males above 50 years of viagra without prescription online age. The status and popularity of this treatment generic viagra cheap therapy is constantly growing for its efficient affectivity. Retail property values led the decline among the sectors, dropping 0.3 percent. Total return (combining changes in property values and rental income) was 0.4 percent in January.

The analysis comes from London-based Investment Property Databank Ltd. (IPD) and includes appraisals of 3,427 properties valued at $48.8 billion at the end of January.

Posted in International CRE | Tagged Pricing, Retail, UK

Azerbaijan Plans to Invest in Australian CRE Market

CRE Worldwide Posted on February 14, 2013 by Ramin SeddiqFebruary 14, 2013

The State Oil Fund of Azerbaijan (SOFAZ) plans to invest in Australia’s commercial real estate market, according to The Wall Street Journal. Up to five percent of the organization’s investment portfolio may be allocated to investment in Many males have accepted the fact that the medicine helps them achieving erection quality back on the cialis in the uk way. Those consist of: Conditions viagra cost levitra without prescription article upsetting the circulation of blood in direction of penis. You will become a capable lover to satisfy her with enhanced sexual canada viagra generic pleasure. When such erection issues arise the man tends to face erectile dysfunction mostly between the ages of 50-56. viagra online canada countries with a credit rating of A or higher.

Foreign investment in Australia’s commercial real estate market reached US$40.7 billion in the last fiscal year compared with US$21.3 billion in the previous fiscal year. Yields on Australian commercial property average seven percent compared with a global average of less than five percent, according to the article.

Posted in International CRE | Tagged Australia, Government, Investments

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