Study: Working Hours for the Average Worker Have Decreased Dramatically Over the Last 150 Years
Source: https://ourworldindata.org/working-more-than-ever
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The Resurgence and Evolution of the Health and Fitness Club Industry
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 →
The Surge in Extended-Stay Hotel Projects
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 →
George Mason University Acquires 3300 Fairfax Drive
George Mason University (“GMU” or “Mason”) has acquired the 26,482sf office building located at 3300 Fairfax Drive in Arlington’s Virginia Square neighborhood. The Fairfax-based public university paid $8,250,000 for the thirty-seven-year-old, three-story property, according to public records. As reported in … Continue reading →
New Law Creates the Virginia Residential Sites and Structures Locator
A new law, which goes into effect on July 1, 2023, instructs the Director of the Department of Housing and Community Development to develop and operate a Virginia Residential Sites and Structures Locator database “to assist localities in marketing any … Continue reading →
Minimum Energy Efficiency Standards and Their Impact on UK CRE
Minimum Energy Efficiency Standards (MEES) are regulations requiring a minimum energy efficiency standard to be met before properties in England and Wales can be leased or sold. The standards are measured by an energy performance certificate (EPC) rating. According to … Continue reading →
“The Hamptons of the Middle East”
In November 2022, Reuters reported that The Trump Organization has partnered with Saudi developer Dar Al Arkan, to license the Trump Brand to a $4 billion project in Oman that includes a golf course, hotel and villas. Named AIDA, the … Continue reading →
Record Loadshedding Fuels Demand for Solar Panels in South Africa
South Africa is experiencing a 15-year power crisis that is causing widespread rotational power cuts, known as loadshedding. In 2022, there were 3,773 hours of loadshedding (the most intensive year of loadshedding in South Africa’s history), according to CleanTechnica. The … Continue reading →
Arlington, Virginia Adopts “Missing Middle” Zoning
On March 22, the Arlington County Board voted 5-0 to adopt a series of Zoning Ordinance and General Land Use Plan amendments related to its Missing Middle Housing Study (MMHS). According to the county, “missing middle” is a term that … Continue reading →
Historic Building in England Ordered Rebuilt Using Original Material
A district judge in England has ordered Donelan Trading Ltd. to rebuild an 18th century pub building within 12 months and using the stones from the demolition rubble, according to The Washington Post. A trial last year at Burnley Magistrates’ … Continue reading →