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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

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

New York’s LLC Transparency Act Aims To Correct the “Public Policy Mistake” of Anonymous Corporate Ownership and Require Public Disclosure of Beneficial Owners

CRE Worldwide Posted on June 26, 2023 by Ramin SeddiqJune 26, 2023

The New York legislature passed the LLC Transparency Act (Bill No.: A03484A) on June 20. According to the Bill Memo, the bill aims to end the practice of anonymous ownership of limited liability companies in New York by defining beneficial … Continue reading →

Posted in US CRE | Tagged Government, Investments, Legal, New York

Minimum Energy Efficiency Standards and Their Impact on UK CRE

CRE Worldwide Posted on June 24, 2023 by Ramin SeddiqJune 24, 2023

Minimum Energy Efficiency Standards (MEES) are regulations requiring a minimum energy efficiency standard to be met before properties in England and Wales can be leased or sold. The standards are measured by an energy performance certificate (EPC) rating. According to … Continue reading →

Posted in International CRE | Tagged Development, Europe, Government, Hotels, Interest Rates, Investments, Leasing, Legal, London, Office, Operating Costs, Retail, UK

Virginia High Court Embraces a Narrow Interpretation of the Exceptions to VFOIA’s Definition of “Meeting”

CRE Worldwide Posted on June 15, 2023 by Ramin SeddiqJanuary 28, 2025

The Virginia Freedom of Information Act (“VFOIA”) requires that “[a]ll meetings of public bodies shall be open, except as provided in §§ 2.2-3707.01 and 2.2-3711.” Va. Code § 2.2-3707(A). The statute requires that public meetings be publicly noticed (Va. Code … Continue reading →

Posted in US CRE | Tagged FOIA, Government, Legal

New Maryland Law Increases the Threshold for IDOT Recordation Tax Deferral From $3,000,000 to $12,500,000

CRE Worldwide Posted on June 13, 2023 by Ramin SeddiqJune 13, 2023

According to a Liff, Walsh & Simmons publication, an Indemnity Deed of Trust (IDOT) is “a deed of trust granted by one or more of the guarantors of a loan who are pledging their real property as collateral, rather than … Continue reading →

Posted in Metro DC CRE | Tagged Government, Legal, Lending, RE Sales, Taxes

Historic Building in England Ordered Rebuilt Using Original Material

CRE Worldwide Posted on March 19, 2023 by Ramin SeddiqMarch 19, 2023

A district judge in England has ordered Donelan Trading Ltd. to rebuild an 18th century pub building within 12 months and using the stones from the demolition rubble, according to The Washington Post. A trial last year at Burnley Magistrates’ … Continue reading →

Posted in International CRE | Tagged Construction, Development, Government, Legal, Retail, UK

An Adequate and Lawful VFOIA Search

CRE Worldwide Posted on March 7, 2023 by Ramin SeddiqJanuary 28, 2025

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 →

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

The Town and Country Planning Act of 1947 and Its Impact on UK Housing Supply

CRE Worldwide Posted on February 28, 2023 by Ramin SeddiqFebruary 28, 2023

A new study by Watling and Breach finds that Britain’s housing shortage began at the beginning of the post-war period, not at its conclusion. England and Wales saw housebuilding rates drop by a third after the introduction of the Town … Continue reading →

Posted in International CRE | Tagged Demographics, Europe, Government, Housing Market, Legal, London, UK

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

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