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Tag Archives: Legal

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VFOIA’s Broken Fee Structure Prices Out Many Virginians

CRE Worldwide Posted on January 21, 2025 by Ramin SeddiqFebruary 9, 2025

The Virginia Freedom of Information Act (“VFOIA”), located at § 2.2-3700 et seq. of the Code of Virginia, states in part that “[b]y enacting this chapter, the General Assembly ensures the people of the Commonwealth ready access to public records … Continue reading →

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

Further Point Enterprises and Mike LaVitola Plan To Resuscitate Some of Upscale Grocer Foxtrot’s Locations

CRE Worldwide Posted on June 6, 2024 by Ramin SeddiqJune 6, 2024

On April 23, 2024, the Chicago-based operator of Foxtrot and Dom’s Kitchen & Market announced the closure of all store locations amid plans to file for bankruptcy, according to Forbes. Chicago Reader writes that one thousand people were out of … Continue reading →

Posted in US CRE | Tagged Investments, Leasing, Legal, Retail

Chinese EV Maker BYD Seeking Sites for a Production Facility in Mexico

CRE Worldwide Posted on May 21, 2024 by Ramin SeddiqMay 21, 2024

Reuters reports that Chinese electric auto maker BYD is evaluating locations in Mexico for a production facility. The report cites Americas head Stella Li as stating that the plant will be built in central Mexico and will take two to … Continue reading →

Posted in International CRE | Tagged Absorption, Asia, Brazil, China, Development, Economy, Europe, Government, Industrial, Investments, Latin America, Legal, South America, Taxes, Vacancy Rates

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

Let Berry Stand

CRE Worldwide Posted on December 5, 2023 by Ramin SeddiqJanuary 28, 2025

On March 23, 2023, the Supreme Court of Virginia issued an opinion in Berry v. Board of Supervisors (Record No. 211143) reversing the Fairfax County Circuit Court (hereinafter, “Circuit Court”) and finding the county’s 2021 zoning ordinance adopted in March … Continue reading →

Posted in US CRE | Tagged Development, FOIA, Government, Legal

Commonwealth Appeals Decision Related to VFOIA’s “Working Papers and Correspondence Exclusion”

CRE Worldwide Posted on September 12, 2023 by Ramin SeddiqJanuary 28, 2025

The Virginia Freedom of Information Act (“VFOIA”), located at § 2.2-3700 et seq. of the Code of Virginia, “ensures the people of the Commonwealth ready access to public records in the custody of a public body or its officers and … Continue reading →

Posted in US CRE | Tagged FOIA, Government, Legal

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

JLL Prevails on Appeal in Lawsuit Concerning Dual Representation in DC

CRE Worldwide Posted on August 13, 2023 by Ramin SeddiqAugust 13, 2023

The U.S. Court of Appeals for the DC Circuit (the “Court”) recently issued a ruling vacating the District Court’s grant of summary judgment to 1441 L Associates, LLC (“Landlord”) in a $781,000 leasing commission dispute with brokerage firm Jones Lang … Continue reading →

Posted in Metro DC CRE | Tagged CRE Profession, Leasing, Legal, Office

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

New York Aims To Curb Illicit Cannabis Sales

CRE Worldwide Posted on July 8, 2023 by Ramin SeddiqJuly 8, 2023

On June 22, the New York City Council passed legislation that will prohibit commercial property owners from knowingly leasing commercial premises to, or otherwise allow the use of such premises by, unlicensed sellers of cigarettes, electronic cigarettes, tobacco products, or … Continue reading →

Posted in US CRE | Tagged Government, Leasing, Legal, New York, Retail

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