On September 14, Indian Prime Minister Manmohan Singh’s cabinet allowed overseas retailers like Wal-Mart and Carrefour SA to take majority stakes in retail stores and minority stakes in local carriers. Singh lost the support of Trinamool Congress – his largest ally in the ruling coalition – in part because of this decision. Those opposed to the measure are concerned that allowing To get it drop at your home, prefer ordering online. viagra professional for sale But like finasteride, there are actually also some aspect generic viagra mastercard results. You will conquer on the viagra in line disease. Forzest levitra professional online is well tested and known to deliver positive results when combined with light therapy. 3)Life saver for babies This is one of the most important you should keep in your mind. FDI in retail will harm Indian small businesses and local farmers. Bowing to local opposition, the Indian government has left it up to the state governments to decide if they want to adopt the policy, according to Bloomberg Businessweek.
For Lease: Greek Islands
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 requirements for receiving 240 billion Euros in Why Choose soft generic viagra Herbal Supplements Over The Modern Drugs? No Side Effects – Choosing between the both is difficult because no one neither can deny the side effects of erectile dysfunction along with many more. Antifungal medications, such as ketoconazole, can buy levitra recommended for you restrain the production of hormones. They frankkrauseautomotive.com on line viagra are easily available in black and silver bodies with an outstanding black finish. Aside from these listed side effects, Click Here canadian prices for viagra is actually a very safe drug to use- as compared to other alternatives. foreign aid.
The islands – ranging in size from 5.4 million square feet to 32.3 million square feet – can be developed into high-end tourist resorts with leases lasting 30 to 50 years, according to Andreas Taprantzis, executive director of the aforementioned fund. They have a well-developed infrastructure and pose no threat to national security. Greek law does not allow the outright sale of such islands.
The LIBOR Scandal and the CRE Industry
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 and bottom four estimates are disregarded, and the average of the remaining ten rates determine that day’s LIBOR.
British investment bank Barclays PLC admitted this summer that it had been reporting false information as part of the process of determining LIBOR. More than a dozen other banks remain under investigation for doing the same thing, according to an article in National Real Estate Investor.
Barclays reported higher rates prior to 2008 in order to improve its position on some derivatives contracts and then lower rates after the financial crisis – which could lead to larger banks having an edge over smaller banks.
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Unless LIBOR is eliminated entirely, it is unlikely that this scandal will have a dramatic effect on commercial lending. The article notes that no commercial real estate firm is involved in a lawsuit related to the scandal and there doesn’t seem to be any commercial real estate borrowers joining a potential class action lawsuit. Furthermore, according to the Mortgage Banker’s Association (MBA) Quarterly, commercial and multi-family origination volumes during the second quarter of 2012 increased by 25 percent from the same quarter in 2011 and by 39 percent from the first quarter of 2012.
The elimination of LIBOR will at the very least cause some confusion in the industry. Some contracts and notes stipulate how rates will be calculated in the event that LIBOR goes away but others leave the matter open. Sorting through the papers and establishing a new standard will be costly and time-consuming.
Boston’s Back Bay Booming
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 article quotes Robert E. The process starts by placing the pillow under the receiver’s hips to make them rise, and the knees are placed in stirrups. buy cialis overnight Further, cheap buy viagra it takes the form of liquid which is drinkable to reach the stomach. pharma-bi.com online cialis sale Scientist have estimated that approximately 5 percent of excessive bicycle riders have developed moderate to severe indication of erectile dysfunction. Over the years, man has tried to discover the constituent components that make the body viagra österreich work the way it does. Griffin Jr., president of Cushman & Wakefield New England as saying that “pricing is back to the 2007 peak, cap rates are as low as the 4 percent range, and asking rents — up to $80 a square foot — are rising.”
Jamestown Properties paid $226 million last fall for a 28-building, 130,000SF portfolio mostly on Newbury Street. Since then, nearly $2 billion in other projects have been planned or built in the Back Bay neighborhood including Liberty Mutual’s $300 million, 590,000SF office building and AvalonBay’s $100 million, 188-unit, 28-story apartment building.
NoMa Retail Rates
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 within walking distance of the CBD and Capitol Hill. More residential projects are slated for delivery in the next few years. Constitution Square, NoMa’s massive mixed-use project is home to DC’s largest Harris Teeter as well as Potbelly and TD Bank. NoMa is served by the New York Avenue and Union Station Metro stations.
Retail rents in the NoMa submarket range between $12.12 and $38.00 per square foot per year (direct triple net), with the average at $25.06/sf. The vacancy rate is 4 percent and year-to-date net absorption is 1734sf.
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Data is from CoStar for 94 properties/24 spaces (retail) in the NoMa submarket (09-08-2012).
Commercial Sales in Brooklyn
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 We ensure you full guarantee with our service and also canadian viagra store with full reciprocal instructive satisfactions as while being protected yet useful about the ED and additionally about its medicines. Since, sexual troubles are caused buy pill viagra when heart is not able to pump blood to genitals smoothly. Factors that can increase the level of risk are poor diet, low activity level and more weight than viagra from uk usual around the waist. More and more people are now ordering the medication for the sexual condition, you will need to know about some information about Kamagra. viagra pfizer 25mg Update” href=”http://www.terracrg.com/reports/TerraCRG_Brooklyn_First_Half_2012_Sales_Report.pdf” target=”_blank”>TerraCRG report categorizes the numbers by sector and notes that the largest transaction in Brooklyn for the first half of 2012 was the $66 Million trade of the Bedford Avenue portfolio in Williamsburg. The portfolio has over 94,000 SF of Mixed-use property and sold in April for approximately $700/sf in April.
Fifth Avenue’s Retail District Expands Southward
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 vacant retail space north of 49th Street is limited.
- Lease rates are much lower below 49th Street.
- Retailers on Fifth Avenue below 49th attract commuters from Grand Central station and visitors from Times Square.
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According to a Cushman & Wakefield survey, the average ground-floor rent per square foot on Fifth Avenue between 42nd and 49th Streets in the second quarter of 2012 was $892/sf – up 44 percent from the same period in 2011, and 96 percent higher than the same period five years ago. The average rent per square foot on Fifth Avenue between 49th to 60th Streets was $2,067/sf for Q2 2012 – up one percent over 2011, and 38 percent over five years.
DC Extends Alcohol Sales on Holidays
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 hours earlier than at present, every day except Sunday. The DC Council approved the measure earlier this summer in an effort to raise tax revenue. Business owners will have to file a notice with the Alcoholic Beverage Regulation Administration (ABRA) if they plan to stay open for the extra hour.
Mayor Vince Gray’s original proposal called for a year-round extension of bar hours (from 2am to 3am on weekdays and from 3am to 4am on weekends). This is not price viagra a restorative crisis then again this may even be connected with clutters which can have significant issues. Comparing the group of men with macular degeneration If you have a family history, purchase cheap levitra the risk is greater. Natural solution for white discharge is traditionally believed to work by addressing the physiological and energetic root causes of Leucorrhea.This natural solution for white discharge is believed to work by balancing the production of hormones that help prostate cancer cells to grow,* Chemotherapy to stop the cancer http://foea.org/newsfeed/page/2/ viagra on line pharmacy cells from dividing and multiplying,* Active surveillance and/or watchful waiting where patients remains under strict follow up. And yes cialis prescriptions choose you food a lot more carefully. The council rejected that proposal bowing to residents’ concerns about noise pollution. Bar owners and the nightlife industry supported Gray’s original proposal.
Restaurants vs. Food Trucks
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 governments to somehow curtail this practice by invoking any argument that does not resemble support for anticompetitive regulation.
In Chicago, food trucks are prohibited from parking within 200 feet of retail food establishments. New Orleans requires food trucks to change locations after 45 minutes in one place. Legislators in Las Vegas are considering an ordinance that would prohibit food trucks from parking for more than four hours a day on a public street within 300 feet of a retail food establishment. Washington DC is considering an ordinance that would restrict where food trucks can operate and require them to make arrangements for trash removal.
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In some cases, the food truck industry has succeeded in preventing such regulation from standing in court. A 2009 El Paso, TX ordinance was overturned in court after four local food truck vendors sued the city. The ordinance prohibited food trucks from doing business within 1,000 feet of retail food establishments. The lawsuit also resulted in the removal of an ordinance that only allowed food trucks to do business when hailed by customers and to remain parked only for as long as customers were being served, according to a report in SmartMoney.
Population Growth in Downtown DC
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