In Knick v. Twp. of Scott, Pennsylvania, decided on June 21, 2019, the U.S. Supreme Court ruled that property owners have an actionable Fifth Amendment takings claim when the government takes their property without paying for it, and therefore may … Continue reading →
The Q1–2019 office vacancy rate for the DC Metro area was 12.9 percent, according to Commercial Observer. By comparison, the nationwide vacancy rate was 9.80 percent for the same quarter. More than 12 million square feet of office space was … Continue reading →
Eko Atlantic is a planned city of Lagos State, Nigeria. The project, which began in 2009, is being constructed on land reclaimed from the Atlantic Ocean. The 10 million square meters of reclaimed land is protected from rising sea tides … Continue reading →
New York intends to spend $39 million per subway station for the next round of accessibility retrofits, which will add elevators and ramps. This is double what it costs to make a station accessible in London, five times what it costs … Continue reading →
The 768,000sf mixed-use development at 655 New York NW incorporates 19 historic buildings and covers most of the triangle-shaped bock in DC’s Mount Vernon Square neighborhood. A joint venture between Douglas Development and Brookfield Properties, the project is expected to … Continue reading →
TF Cornerstone and MSD Partners LP intend to replace the Grand Hyatt building in Midtown East with a two million square foot mixed use tower which would house retail, office and a new Hyatt hotel. Developed by Donald Trump in … Continue reading →
PBS, which currently occupies about 134,000sf at 2100 Crystal Drive, has signed a 15-year lease at 1225 S. Clark Street (“Crystal Gateway II”) at National Landing in Crystal City. The public broadcaster and television program distributor will transfer to its … Continue reading →
In India, only “statutory towns” are considered urban and have a municipal administration, according to an Bloomberg opinion piece by Reuben Abraham and Pritika Hingorani. The statutory town definition identifies 26 percent of India as urban. The definition of urban … Continue reading →
Located at 720 South Hill Street in LA’s Jewelry District, the seven-story, 105-year-old, 67,000sf Greet Street Building will house tenants dedicated to the cannabis industry. Tenants include a branding and business development consultancy with clients that are in the cannabis … Continue reading →
The new 12-storey, 223-unit multifamily development at 1035 4th Street, NW (307 K NW) in DC’s Mount Vernon neighborhood has 50 units set aside for grandfamilies (families headed by grandparents) making between 30 and 40 percent of the area median … Continue reading →