In an effort to curtail foreign property owners from leaving their apartments vacant for much of the year, the Paris city council is expected to adopt a measure on Monday that would triple, from 20 percent to 60 percent, the … 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 retail cap rate increased to 6.19 percent, a nine basis point jump from Q3–2016 to Q4–2016, according to The Boulder Group’s
Continue reading →Macy’s is selling the three buildings it occupies on Nicollet Mall in downtown Minneapolis. New York-based The 601w Companies is paying north of $40 million for the property which it plans to convert into office space with retail on the … 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 →
Real estate investment in Vietnam increased by 12 percent this year, compared with the year before, according to Forbes. Vietnam’s economy is growing by 6.4 percent with relocation of industry from China into Vietnam being one of the factors for … Continue reading →
Norges Bank Real Estate Management purchased the Paris property Vendôme Saint-Honoré for $1.05 billion on December 16. The seller, Trajan Luxembourg S.a.r.l and Trajan Luxembourg II S.a.r.l (both controlled by Irish businessmen John Magnier and JP McManus) reportedly purchased the … Continue reading →
The Trump International Hotel’s 60-year lease of the Old Post Office Building with General Services Administration (GSA) states that no “elected official of the Government of the United States” shall be “admitted to any share or part of this Lease.” … Continue reading →
Wal-Mart de Mexico SAB, a unit of Arkansas-based Wal-Mart Stores Inc. and Mexico’s biggest retailer and private-sector employer will invest $1.3 billion in the country to expand and improve logistics, according to The Wall Street Journal. Wal-Mart employs 200,000 people … Continue reading →
Vornado Realty Trust will spin off and merge some of its DC area portfolio with The JBG Companies to form JBG Smith Properties. The new REIT will include 11.8 million square feet of office space, 4,451 multifamily units and a … Continue reading →