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Tag Archives: Land

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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

Arlington, Virginia Adopts “Missing Middle” Zoning

CRE Worldwide Posted on March 27, 2023 by Ramin SeddiqMarch 27, 2023

On March 22, the Arlington County Board voted 5-0 to adopt a series of Zoning Ordinance and General Land Use Plan amendments related to its Missing Middle Housing Study (MMHS). According to the county, “missing middle” is a term that … Continue reading →

Posted in US CRE | Tagged Demographics, Development, Government, Housing Market, Land, Multi-family, Residential RE

Is Land Value Taxation a Good Idea?

CRE Worldwide Posted on February 15, 2023 by Ramin SeddiqFebruary 16, 2023

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 →

Posted in US CRE | Tagged Development, Economy, Government, Investments, Land, Pricing, Taxes

Scope of Canada’s New Foreign Buyer Ban May Include Investment in CRE

CRE Worldwide Posted on February 9, 2023 by Ramin SeddiqFebruary 9, 2023

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 →

Posted in International CRE | Tagged Canada, Government, Housing Market, Investments, Land, Legal

Policymakers Concerned About Foreign Purchases of U.S. Agricultural Land

CRE Worldwide Posted on February 7, 2023 by Ramin SeddiqFebruary 7, 2023

There is growing concern surrounding Chinese ownership of U.S. farmland. This concern is fueled in part by the current political climate. At least 11 states are considering some form of new legislation related to foreign ownership of farmland or real … Continue reading →

Posted in US CRE | Tagged China, Government, Investments, Land

VFOIA’s “CEO Exemption” at Play in SUP Records Lawsuit

CRE Worldwide Posted on February 4, 2023 by Ramin SeddiqJanuary 28, 2025

In September 2021, Amazon Data Services, Inc. (a wholly-owned subsidiary of Amazon.com, Inc.) acquired a 41.7-acre parcel for $39.7 million (~$952k per acre). According to Dgtl Infra, Amazon intends to construct a one-story, 220,000sf data center on the parcel, which … Continue reading →

Posted in US CRE | Tagged Development, FOIA, Government, Industrial, Land, Legal, Pricing, RE Sales

Metro’s Silver Line Extension To Open on November 15

CRE Worldwide Posted on November 1, 2022 by Ramin SeddiqNovember 1, 2022

The Washington Metropolitan Area Transit Authority (WMATA) announced yesterday that rail service to Washington Dulles International Airport and Loudoun County will commence on November 15. The Silver Line Extension includes a new rail maintenance and service yard (the largest in … Continue reading →

Posted in Metro DC CRE | Tagged Construction, Development, Economy, Government, Industrial, Land

A Digital Gateway in the Rural Crescent

CRE Worldwide Posted on October 31, 2022 by Ramin SeddiqOctober 31, 2022

The Prince William County Board of Supervisors will vote tomorrow on a plan to convert rural land into as much as 27 million square feet of data centers, according to The Washington Post. The “Digital Gateway” proposal asks the county … Continue reading →

Posted in Metro DC CRE | Tagged Development, Government, Industrial, Land, RE Sales, Taxes, Technology

1201 Brickell Bay Drive

CRE Worldwide Posted on June 28, 2022 by Ramin SeddiqJune 28, 2022

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 →

Posted in US CRE | Tagged Development, Investments, Land, Pricing, RE Sales

Foreign Investment in China’s CRE Market

CRE Worldwide Posted on July 12, 2019 by Ramin SeddiqJuly 12, 2019

Foreign institutional investors were net buyers of Chinese commercial real estate, totaling $2.7 billion in Q1–2019, according to The Wall Street Journal (citing data from Real Capital Analytics). This is a reversal from most of the period between 2013 to … Continue reading →

Posted in International CRE | Tagged Asia, China, Investments, Land, Pricing, RE Sales

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