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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

The ULA Tax

CRE Worldwide Posted on February 1, 2023 by Ramin SeddiqFebruary 1, 2023

Last November, about 58 percent of Los Angeles voters voted yes on Proposition ULA, according to Ballotpedia. The resulting “ULA Tax” (also known as the United to House L.A. and the Homelessness and Housing Solutions Tax) takes effect on April … Continue reading →

Posted in US CRE | Tagged Government, Legal, Pricing, RE Sales, Taxes

Gaming in the Old Dominion

CRE Worldwide Posted on January 25, 2023 by Ramin SeddiqJanuary 25, 2023

A law passed in 2019 (Va. Code § 58.1-4100 et. seq.) allows for up to five brick-and-mortar casinos in Virginia. In November 2020, voters approved casinos in Bristol (Hard Rock), Danville (Caesars), Norfolk (Pamunkey) and Portsmouth (Rivers), according to 500 … Continue reading →

Posted in US CRE | Tagged Development, Government, Hospitality, Investments, Legal

Virginia High Court Elaborates on VFOIA’s “Personnel Information” Exemption

CRE Worldwide Posted on December 16, 2022 by Ramin SeddiqJanuary 28, 2025

In a recent decision, the Supreme Court of Virginia held that “personnel information” for purposes of Va. Code § 2.2-3705.1(1) (a section of the Virginia Freedom of Information Act (“VFOIA”)) means “data, facts, or statements within a public record relating … Continue reading →

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

DC Court’s New E-File System Reduces Public Access to Court Filings

CRE Worldwide Posted on November 19, 2022 by Ramin SeddiqNovember 19, 2022

As of October 31, 2022, DC Superior Court has a new e-filing system. The public search portal of the previous system (CaseFileXpress) permitted the general public access to case filings in the Civil Division. The public search portal for the … Continue reading →

Posted in Metro DC CRE | Tagged Government, Legal, Technology

DC OAG Reaches $10 Million Settlement in Housing Discrimination Lawsuit

CRE Worldwide Posted on October 22, 2022 by Ramin SeddiqOctober 22, 2022

In 2020, the DC Office of the Attorney General (“OAG”) filed a housing discrimination lawsuit against DARO Management Services, LLC, a real estate management company that operates, maintains, and leases about 1,200 apartments across 15 buildings in NW DC; DARO … Continue reading →

Posted in Metro DC CRE | Tagged CRE Profession, Demographics, Government, Housing Market, Legal, Multi-family, Residential RE

A Robust VFOIA

CRE Worldwide Posted on October 10, 2022 by Ramin SeddiqJanuary 28, 2025

Open and transparent government can benefit Virginia’s people and commerce. An effort is underway (U.S. Sup. Ct. Dkt. No. 22-308) aimed at safeguarding the Virginia Freedom of Information Act (“VFOIA”). According to the Reporters Committee for Freedom of the Press, … Continue reading →

Posted in Metro DC CRE, US CRE | Tagged Economy, FOIA, Government, Legal

Legal Industry Outpaces All-Industries Average in Post-Pandemic Return to Office

CRE Worldwide Posted on June 29, 2022 by Ramin SeddiqJune 29, 2022

The legal industry is returning to the office at higher rates than other businesses, according to research from Kastle. In metropolitan Chicago, legal office usage is at 86 percent of pre-pandemic levels compared with 41.9 percent for all industries. Nationally, … Continue reading →

Posted in US CRE | Tagged Economy, Leasing, Legal, Office, Vacancy Rates

Reciprocal Easement Agreements

CRE Worldwide Posted on May 11, 2022 by Ramin SeddiqMay 11, 2022

A reciprocal easement agreement (“REA”) is a legal agreement between individual property owners that provides for the rights and obligations of the owners and coordinates the development, operations and maintenance of the affected properties. REAs may contain provisions that address … Continue reading →

Posted in US CRE | Tagged Development, Legal, RE Sales, Retail

Upzoning

CRE Worldwide Posted on October 14, 2021 by Ramin SeddiqOctober 14, 2021

Upzoning is a change in the zoning code to allow for increased development or density (for example, increasing the allowable FAR). On September 16, California governor Gavin Newsom signed Senate Bill No. 9 (SB 9) into law. Known as the … Continue reading →

Posted in US CRE | Tagged Development, Government, Legal, Multi-family, Residential RE

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