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Tag Archives: Government

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VFOIA’s Broken Fee Structure Prices Out Many Virginians

CRE Worldwide Posted on January 21, 2025 by Ramin SeddiqFebruary 9, 2025

The Virginia Freedom of Information Act (“VFOIA”), located at § 2.2-3700 et seq. of the Code of Virginia, states in part that “[b]y enacting this chapter, the General Assembly ensures the people of the Commonwealth ready access to public records … Continue reading →

Posted in US CRE | Tagged Economy, FOIA, Government, Investments, Legal, Technology

The Ballston Macy’s Redevelopment Project

CRE Worldwide Posted on October 16, 2024 by Ramin SeddiqOctober 16, 2024

Insight Property Group intends to redevelop the now-shuttered Macy’s at 685 & 701 North Glebe Road in Arlington, VA into a 16-story building with 553 apartment units, a 38,400sf organic grocery store and 2,000sf of in-line retail space. Construction at … Continue reading →

Posted in Metro DC CRE | Tagged Construction, Development, Government, Housing Market, Leasing, Multi-family, Retail

Chinese EV Maker BYD Seeking Sites for a Production Facility in Mexico

CRE Worldwide Posted on May 21, 2024 by Ramin SeddiqMay 21, 2024

Reuters reports that Chinese electric auto maker BYD is evaluating locations in Mexico for a production facility. The report cites Americas head Stella Li as stating that the plant will be built in central Mexico and will take two to … Continue reading →

Posted in International CRE | Tagged Absorption, Asia, Brazil, China, Development, Economy, Europe, Government, Industrial, Investments, Latin America, Legal, South America, Taxes, Vacancy Rates

Argentina Attempts To Overcome Perónism

CRE Worldwide Posted on December 26, 2023 by Ramin SeddiqDecember 26, 2023

Perónism has ruled Argentina for over half the time since Juan Perón’s first presidency in the 1940s. To this day, Perónists are politically powerful, particularly in the trade unions and political classes. The Justicialist Party (“PJ”) has been the largest … Continue reading →

Posted in International CRE | Tagged Absorption, Development, Economy, Government, Housing Market, Industrial, Interest Rates, Investments, Latin America, Leasing, Legal, Multi-family, Office, Pricing, Retail, South America, Vacancy Rates

Let Berry Stand

CRE Worldwide Posted on December 5, 2023 by Ramin SeddiqJanuary 28, 2025

On March 23, 2023, the Supreme Court of Virginia issued an opinion in Berry v. Board of Supervisors (Record No. 211143) reversing the Fairfax County Circuit Court (hereinafter, “Circuit Court”) and finding the county’s 2021 zoning ordinance adopted in March … Continue reading →

Posted in US CRE | Tagged Development, FOIA, Government, Legal

Nearshoring Elevates Laredo’s Prominence as a Logistics and Trade Hub

CRE Worldwide Posted on September 20, 2023 by Ramin SeddiqSeptember 20, 2023

Google/Oxford Languages defines nearshoring the “practice of transferring a business operation to a nearby country, especially in preference to a more distant one.” High shipping rates, political tension between the U.S. and China, global geopolitical uncertainty and USMCA advantages have … Continue reading →

Posted in US CRE | Tagged Canada, China, Development, Economy, Government, Industrial, Investments, Latin America, Leasing, Vacancy Rates

Commonwealth Appeals Decision Related to VFOIA’s “Working Papers and Correspondence Exclusion”

CRE Worldwide Posted on September 12, 2023 by Ramin SeddiqJanuary 28, 2025

The Virginia Freedom of Information Act (“VFOIA”), located at § 2.2-3700 et seq. of the Code of Virginia, “ensures the people of the Commonwealth ready access to public records in the custody of a public body or its officers and … Continue reading →

Posted in US CRE | Tagged FOIA, Government, Legal

The Surge in Extended-Stay Hotel Projects

CRE Worldwide Posted on August 6, 2023 by Ramin SeddiqAugust 6, 2023

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 →

Posted in US CRE | Tagged Development, Economy, Europe, Government, Hospitality, Hotels, Investments, Latin America, Operating Costs

George Mason University Acquires 3300 Fairfax Drive

CRE Worldwide Posted on July 31, 2023 by Ramin SeddiqJuly 31, 2023

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 →

Posted in Metro DC CRE | Tagged Development, Government, Investments, Office, Pricing, RE Sales

Biden Administration Pursues an Assertive Antitrust Policy

CRE Worldwide Posted on July 30, 2023 by Ramin SeddiqJuly 30, 2023

According to a U.S. Department of Justice (DOJ) press release, the DOJ and the Federal Trade Commission (FTC) have released a draft update of the Merger Guidelines (the “Draft Guidelines”), which describe and guide the agencies’ review of mergers and … Continue reading →

Posted in US CRE | Tagged Economy, Government, Investments, Legal

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