Georgetown University is in the process of repurposing the property located at 111 Massachusetts Avenue NW (nicknamed the “Darth Vader” building). According to the University, the building “is expected to be used as a multi-use education facility for new learning … Continue reading →
According to the International Council of Shopping Centers (ICSC), a strip center is an “[a]ttached row of stores or service outlets managed as a coherent retail entity, with on-site parking usually located in front of the stores. Open canopies may … Continue reading →
On April 23, 2024, the Chicago-based operator of Foxtrot and Dom’s Kitchen & Market announced the closure of all store locations amid plans to file for bankruptcy, according to Forbes. Chicago Reader writes that one thousand people were out of … Continue reading →
China’s overall coffee sales will rise at an 8.7 percent compound annual growth rate (CAGR) during the 2022–27 time period, with hot coffee outpacing sales of ready-to-drink coffee drinks, according to GlobalData. Xiamen-based Luckin Coffee Inc. (“Luckin”) has tapped into … Continue reading →
The 12-story, 110-unit mixed-use (multifamily and retail) building in DC’s Union Market neighborhood sold at a foreclosure auction today for $38,300,000.00. Silver Spring-based HH Fund is the purchaser. PropertyQuest (DC Office of Planning) indicates the 2024 assessment for the property … Continue reading →
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 →
Japanese department store operator Takashimaya intends to expand its presence in Vietnam by opening a store in Hanoi, according to Inside Retail, which reports (citing Nikkei) that the company’s subsidiary, Toshin Development, has already started work on a mixed-use complex … Continue reading →
Netherlands-based premium economy hotel chain citizenM is slated to open a new 228-key location in DC’s Georgetown, according to Donohoe. The plans indicate that the new seven-story hotel at 3401 Water Street NW (aka 3401 K Street NW) will incorporate … Continue reading →
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 →
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 →