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Argentina Attempts To Overcome Perónism

CRE Worldwide Posted on December 26, 2023 by Ramin SeddiqDecember 26, 2023

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 →

Posted in International CRE | Tagged Absorption, Development, Economy, Government, Housing Market, Industrial, Interest Rates, Investments, Latin America, Leasing, Legal, Multi-family, Office, Pricing, Retail, South America, Vacancy Rates

Nearshoring Elevates Laredo’s Prominence as a Logistics and Trade Hub

CRE Worldwide Posted on September 20, 2023 by Ramin SeddiqSeptember 20, 2023

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 →

Posted in US CRE | Tagged Canada, China, Development, Economy, Government, Industrial, Investments, Latin America, Leasing, Vacancy Rates

Deed in Lieu of Foreclosure

CRE Worldwide Posted on August 20, 2023 by Ramin SeddiqAugust 20, 2023

A deed in lieu of foreclosure (also known as a deed in lieu) is a deed instrument that conveys title of a property encumbered by a mortgage, to the mortgagee, usually in full satisfaction of the obligation secured by the … Continue reading →

Posted in US CRE | Tagged Investments, Leasing, Legal, Lending, Taxes

The Surge in Extended-Stay Hotel Projects

CRE Worldwide Posted on August 6, 2023 by Ramin SeddiqAugust 6, 2023

The rise in remote work, the resurgence of air travel, inflation-driven price-consciousness, government funding for infrastructure projects and higher labor costs for full-service hotels have contributed to an increase in demand for extended-stay hotels. In response, many of the major … Continue reading →

Posted in US CRE | Tagged Development, Economy, Europe, Government, Hospitality, Hotels, Investments, Latin America, Operating Costs

George Mason University Acquires 3300 Fairfax Drive

CRE Worldwide Posted on July 31, 2023 by Ramin SeddiqJuly 31, 2023

George Mason University (“GMU” or “Mason”) has acquired the 26,482sf office building located at 3300 Fairfax Drive in Arlington’s Virginia Square neighborhood. The Fairfax-based public university paid $8,250,000 for the thirty-seven-year-old, three-story property, according to public records. As reported in … Continue reading →

Posted in Metro DC CRE | Tagged Development, Government, Investments, Office, Pricing, RE Sales

Biden Administration Pursues an Assertive Antitrust Policy

CRE Worldwide Posted on July 30, 2023 by Ramin SeddiqJuly 30, 2023

According to a U.S. Department of Justice (DOJ) press release, the DOJ and the Federal Trade Commission (FTC) have released a draft update of the Merger Guidelines (the “Draft Guidelines”), which describe and guide the agencies’ review of mergers and … Continue reading →

Posted in US CRE | Tagged Economy, Government, Investments, Legal

Sweden-Based H&M To Launch in Brazil

CRE Worldwide Posted on July 23, 2023 by Ramin SeddiqJuly 23, 2023

The Business of Fashion reports that fashion retailer H&M will launch stores and online trade in Brazil in 2025. H&M will partner with Dorben Group to support its expansion in the South American country, according to the report. The size … Continue reading →

Posted in International CRE | Tagged Brazil, Economy, Investments, Latin America, Leasing, Retail, South America

Financial Entities in Argentina Are Enabled To Open Bank Accounts Denominated in Renminbi Yuan

CRE Worldwide Posted on July 3, 2023 by Ramin SeddiqJuly 3, 2023

Struggling with dollar scarcity, the Central Bank of Argentina (BCRA) announced on June 29 that it has incorporated the renminbi yuan as an accepted currency for deposit-taking in savings banks and checking accounts, enabling financial entities to open bank accounts … Continue reading →

Posted in International CRE | Tagged China, Economy, Government, Investments, Latin America, South America

New Law Creates the Virginia Residential Sites and Structures Locator

CRE Worldwide Posted on July 1, 2023 by Ramin SeddiqJuly 1, 2023

A new law, which goes into effect on July 1, 2023, instructs the Director of the Department of Housing and Community Development to develop and operate a Virginia Residential Sites and Structures Locator database “to assist localities in marketing any … Continue reading →

Posted in US CRE | Tagged Construction, Development, Government, Investments, Land, Legal, Residential RE

The Texas “Death Star” Bill

CRE Worldwide Posted on June 29, 2023 by Ramin SeddiqJune 29, 2023

According to LegiScan, House Bill 2127 (known as the “Texas Regulatory Consistency Act”) was signed into law by Gov. Greg Abbott on June 14 and will go into effect on September 1. According to the bill text, “[t]he purpose of … Continue reading →

Posted in US CRE | Tagged Government, Housing Market, Investments, Legal, Residential RE

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