A CRE CLO (commercial real estate collateralized loan obligation) is a securitization vehicle the underlying assets of which are short-term (usually three to five years), floating-rate loans collateralized by transitional properties. CRE CLOs are actively managed by an asset manager … Continue reading →
The Virginia Freedom of Information Act (“VFOIA”) proclaims that “[t]he affairs of government are not intended to be conducted in an atmosphere of secrecy since at all times the public is to be the beneficiary of any action taken at … Continue reading →
Savills reports that Southeast Asia’s e-commerce sector is projected to develop at a compound annual growth rate (CAGR) of 34 percent to USD $102 billion by 2025, up from USD $5.5 billion in 2015. From 2016 to 2021, the total … Continue reading →
Healthcare real estate transaction volume hit a record high in 2022 with approximately $26 billion invested into the sector, according to a JLL healthcare survey. At 58 percent, medical office buildings comprised the largest portion of healthcare real estate investment … Continue reading →
Higher interest rates, decreased demand in the office sector and a rise in defaults have put the brakes on the CMBS market. Bloomberg reports that only about $4.27 billion in commercial mortgage bonds have been issued so far this year, … Continue reading →
Signed on March 8, 2018 in Santiago de Chile, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement between Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore and Vietnam (the UK … Continue reading →
A land value tax is a levy on the assessed value of land without regard to the value of any improvements located on the land. By contrast, in a single-rate property tax system, land and the improvements upon it, are … Continue reading →
Egypt’s annual urban consumer inflation rate rose to 21.3 percent in December 2022—the highest since the end of 2017, according to Asharq Al-Awsat (reporting data from CAPMAS). MEI reports that by the end of August 2022, international reserves had declined … Continue reading →
According to a paper by Evenett and Pisani, in April 2022, a total of 2,405 subsidiaries owned by 1,404 EU and G7 companies were active in Russia. By late November 2022 (nine months after the Russian invasion of Ukraine), only … Continue reading →
Canada’s Prohibition on the Purchase of Residential Property by Non-Canadians Act (S.C. 2022, c. 10, s. 235) (“the Act”) came into force on January 1, 2023. The Act is intended as a response to rising housing prices. According to RBS, … Continue reading →