Nestlé will move its U.S. corporate headquarters from Southern California to Arlington, Virginia, according to ARLnow. The company is leasing 200,000sf on the top nine floors of 1812 N. Moore which is located in the Rosslyn neighborhood. Monday Properties owns … Continue reading →
Restaurant tax revenue in DC increased by over $41 million from 2011 to 2015, according to Washingtonian magazine. The proliferation of new restaurants, coupled with increases in the city’s minimum wage rate (recently upped to $11.50/hour and on track to … Continue reading →
Non-banks, financial institutions that are not full-service (do not offer both lending and depositing services), accounted for 83 percent of all new FHA loans in fiscal 2016, according to The Washington Post. In 2014 over 40 percent total loan originations … Continue reading →
Marriott, the world’s largest hotel firm, has signed a letter of intent to lease space at 7750 Wisconsin Avenue for its headquarters where about 3,500 employees are expected to work. The planned development by Boston Properties and Bernstein Cos. is … Continue reading →
In 1983, the U.S. steel voluntary restraints agreement (VRA), a quota program, increased the price of imported steel by 4.5 percent and domestically produced steel by about one percent and U.S. steel exports declined. The program cost U.S. consumers more … Continue reading →
The East End Commercial Real Property Tax Rate Reduction Act of 2017, a new bill introduced by the DC Council, aims to spur development and economic activity east of the Anacostia River. Especially a small number of women in pre-marital … Continue reading →
New York City set a FY 2017/18 value of approximately $1.16 trillion for the more than one million properties located in the city. This is an increase of 8.74 percent over the previous period. Property values in These addictions might … Continue reading →
The federal budget deficit was $28 billion in December 2016, compared with $14 billion in December 2015. Receipts came to $319 billion in December 2016, a nine percent decline from one year earlier. Outlays were at $347 billion, five percent … Continue reading →
In addition to a reduction of the corporate tax rate, Congress is considering a border-adjustment tax. Under this tax regime, companies would not be able to deduct the costs of imported inputs from their taxable income however their export-sales revenue … Continue reading →
Starting January 1, 2017, Chinese citizens have to report the purpose of their currency purchases to the State Administration of Foreign Exchange (SAFE), the country’s foreign exchange regulator. For several years, Chinese citizens have been limited to transferring up to … Continue reading →