In 2020, the DC Office of the Attorney General (“OAG”) filed a housing discrimination lawsuit against DARO Management Services, LLC, a real estate management company that operates, maintains, and leases about 1,200 apartments across 15 buildings in NW DC; DARO … Continue reading →
Swedish property companies must roll over $40.8 billion of maturing bond debt over the next five years, a quarter of which falls due in 2023, according to Bloomberg. Floating-rate bonds and near-term maturities render the Swedish real estate market more … Continue reading →
The current Bank of England base interest rate—the rate that largely determines mortgage interest rates—is 2.25 percent. This week, the average interest rates for two and five-year fixed rate mortgages topped six percent for the first time in over a … Continue reading →
Open and transparent government can benefit Virginia’s people and commerce. An effort is underway (U.S. Sup. Ct. Dkt. No. 22-308) aimed at safeguarding the Virginia Freedom of Information Act (“VFOIA”). According to the Reporters Committee for Freedom of the Press, … Continue reading →
The following is from a Congressional Budget Office (“CBO”) letter dated August 4, 2022: “In calendar year 2022, enacting the bill would have a negligible effect on inflation, in CBO’s assessment. In calendar year 2023, inflation would probably be between … Continue reading →
British multinational hospitality company IHG announced today that it is “in the process of ceasing all operations in Russia consistent with evolving UK, US and EU sanction regimes and the ongoing and increasing challenges of operating there.” The company had … Continue reading →
As mortgage demand falls, residential real estate companies are reducing their workforce. Redfin is laying off 470 employees and Compass is shedding 450 jobs (10 percent of its workforce), according to MarketWatch. The Federal Open Market Committee (FOMC) voted this … Continue reading →
Retail, office and industrial sector national asking cap rates fell in the first quarter of 2022 from the previous quarter, according to The Boulder Group. Retail cap rates fell by 13 basis points to 5.75 percent, office cap rates fell … Continue reading →
Retail sales in May fell 0.3 percent from the prior month, according to the Commerce Department. Excluding motor vehicles and parts, the number increased by 0.5 percent. Excluding gasoline stations, sales dropped by 0.7 percent, and excluding motor vehicles, parts … Continue reading →
The U.S. Bureau of Labor Statistics reported today that the producer price index (PPI) climbed 10.8 percent (unadjusted) for the twelve months that ended in May. On a monthly basis, the PPI for final demand increased by 0.8 percent in … Continue reading →