The 2.5-acre vacant lot at 1201 Brickell Bay Drive (in Miami’s Brickell neighborhood) sold on April 20, 2022 for $363 million ($145,200,000/acre), according to Miami-Dade Office of the Property Appraiser. TWJ 1201 LLC, an entity linked to Tibor Hollo’s Florida … 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 →
According to a paper by Gupta, Mittal and Van Nieuwerburgh, the pandemic has had large effects on both current and expected future cash flows for office buildings. Revaluing the stock of New York City commercial office buildings and taking into … 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 →
According to UNCTAD World Investment Report 2022 (published on June 9, 2022), all major FDI (foreign direct investment) recipients in South America, including Brazil, Chile and Colombia, saw their FDI flows increase in 2021, driven by the resumption of flows … Continue reading →
Miami-based CGI Merchant Group is in contract to acquire the 263-room luxury hotel lease for $375 million, according to The Wall Street Journal. In 2012, the U.S. government awarded a sixty-year lease (with two, twenty-year renewal options) of the Old … Continue reading →
The Q2–2021 median sale price for condos and co-ops in Manhattan rose to $1,130,000 – its highest level in eight quarters, according to Douglas Elliman. The number of sales surged 151.8 percent year-over-year to 3,417 and the months of supply … Continue reading →
A blank check company is an early or development stage entity that has no specific business plan or purpose but is founded by investors to bring their specialties, backing and experience to bear on businesses that have good concepts but … Continue reading →
China became the largest recipient of foreign direct investment (FDI) in 2020, attracting an estimated $163 billion in inflows, according to a report by the United Nations Conference on Trade and Development (UNCTAD). The United States followed with $134 billion … Continue reading →
Cap rates for Dollar General, Family Dollar and Dollar Tree compressed by 15, 10 and 7 basis points respectively in Q2–2020 (when compared to Q2–2019), according to The Boulder Group. At 6.98 percent, dollar store properties were Above mentioned herbs … Continue reading →