The New York Post (citing the City’s Finance Department) reports that the total value of New York City’s commercial real estate is nearly $9 billion short of its most recent high. Tax revenue from commercial real estate transactions is expected … Continue reading →
Five proposals have been submitted by the December 20 deadline for the first-phase development of Richmond’s City Center Innovation District Project (“City Center”), according to Virginia Business. The project’s aims include, among others, the demolition of the Richmond Coliseum, the … Continue reading →
Inflation in Morocco is expected to reach 6.6 percent this year, according to Reuters. The Bank Al-Maghrib (“BAM”), Morocco’s central bank, raised its benchmark interest rate today by 50 basis points to 2.5 percent in an effort to control inflation, … Continue reading →
Hyperinflation in Turkey coupled with the central bank’s decision to slash interest rates to nine percent has led to soaring property prices. Domestic demand for real estate has increased as investors seek to shelter their savings from staggering inflation. Additionally, … Continue reading →
In a recent decision, the Supreme Court of Virginia held that “personnel information” for purposes of Va. Code § 2.2-3705.1(1) (a section of the Virginia Freedom of Information Act (“VFOIA”)) means “data, facts, or statements within a public record relating … Continue reading →
Fortune reports (citing Argentine government data) that overall paychecks increased by 78 percent in September from a year ago, whereas the annual inflation rate was 83 percent. During the same month (September 2022), 90 percent of Buenos Aires recorded a … Continue reading →
As of October 31, 2022, DC Superior Court has a new e-filing system. The public search portal of the previous system (CaseFileXpress) permitted the general public access to case filings in the Civil Division. The public search portal for the … Continue reading →
The Washington Metropolitan Area Transit Authority (WMATA) announced yesterday that rail service to Washington Dulles International Airport and Loudoun County will commence on November 15. The Silver Line Extension includes a new rail maintenance and service yard (the largest in … Continue reading →
The Prince William County Board of Supervisors will vote tomorrow on a plan to convert rural land into as much as 27 million square feet of data centers, according to The Washington Post. The “Digital Gateway” proposal asks the county … Continue reading →
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), plans to invest $24 billion in Middle Eastern and North African countries, including in the real estate sector, according to Bloomberg. Reuters reported in August that Saudi Arabia has registered … Continue reading →