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Tag Archives: Multi-family

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Trader Joe’s to Open Third DC Store

CRE Worldwide Posted on November 29, 2016 by Ramin SeddiqNovember 29, 2016

Trader Joe’s will open its third DC store at LCOR Inc.’s The Edison at Union Market located, a 187-unit multi-family building located at 1240 Fourth Street NE, according to Washington Business Yes, erectile dysfunction has become the major threat for … Continue reading →

Posted in Metro DC CRE | Tagged Development, Leasing, Multi-family, Retail

California’s Housing Shortage

CRE Worldwide Posted on November 20, 2016 by Ramin SeddiqNovember 20, 2016

The world’s sixth largest economy loses $140 billion per year in output (6 percent of the state’s GDP) to the housing shortage, according to a McKinsey Global Institute paper. About $90 billion of this loss is in missing construction investment … Continue reading →

Posted in US CRE | Tagged Economy, Housing Market, Multi-family, Pricing

The “Trump Premium” in Manhattan

CRE Worldwide Posted on November 19, 2016 by Ramin SeddiqNovember 19, 2016

During the summer the per-square-foot price for Trump-branded condos in Manhattan averaged $1,974/sf, compared with $1,873/sf for all other units, a five percent premium, according to MarketWatch There are many procedures for the same. viagra online store That’s why Experts … Continue reading →

Posted in US CRE | Tagged Economy, Housing Market, Multi-family, New York, Pricing

“Trump Place” to be Renamed

CRE Worldwide Posted on November 16, 2016 by Ramin SeddiqNovember 16, 2016

The Trump name will be removed from the “Trump Place” apartment buildings in Manhattan’s Upper West Side, according to The New York Times. Equity Residential owns the apartment buildings at 140, 160 and 180 Riverside Boulevard (between 66th and 69th … Continue reading →

Posted in US CRE | Tagged Multi-family, New York

Vornado and JBG to Form New REIT

CRE Worldwide Posted on November 3, 2016 by Ramin SeddiqNovember 3, 2016

Vornado Realty Trust will spin off and merge some of its DC area portfolio with The JBG Companies to form JBG Smith Properties. The new REIT will include 11.8 million square feet of office space, 4,451 multifamily units and a … Continue reading →

Posted in Metro DC CRE | Tagged Investments, Multi-family, Office, REITs

Aston Martin Residences

CRE Worldwide Posted on October 29, 2016 by Ramin SeddiqOctober 29, 2016

British luxury carmaker Aston Martin, in partnership with G and G Business Developments (owned by Argentina’s Coto family), will develop its first-ever real estate project. Located on the Miami River at 300 Biscayne Boulevard Way and overlooking Biscayne Bay, Aston … Continue reading →

Posted in Uncategorized | Tagged Construction, Development, Multi-family

Portion of Walter Reed Campus Transfers to DC

CRE Worldwide Posted on October 28, 2016 by Ramin SeddiqOctober 28, 2016

On Wednesday, DC officially took possession of 66 acres of the 110-acre former Walter Reed Army Medical Center campus. The District paid $22 million for the Ward 4 property and intends to ground lease it for $25 million to a … Continue reading →

Posted in Metro DC CRE | Tagged Development, Government, Hospitality, Multi-family, Retail

NY Law Targets Airbnb

CRE Worldwide Posted on October 22, 2016 by Ramin SeddiqOctober 22, 2016

New York State has enacted a law authorizing fines of up to $7,500 for short-term apartment rentals (fewer than 30 days) when the owner or tenant is not present. The law targets Airbnb which, as of August 2016, had 45,000 … Continue reading →

Posted in US CRE | Tagged Economy, Government, Hospitality, Hotels, Legal, Multi-family, New York

Stockholm-based Skanska Invests in DC’s NoMa

CRE Worldwide Posted on October 9, 2016 by Ramin SeddiqOctober 9, 2016

Skanska USA Commercial Development has started work on a $112 million, LEED Gold residential building which it calls “Resa”. The 12-story, 326-unit luxury building will have 10,000sf of amenity space and 7,000sf of street-level retail. The project is located at … Continue reading →

Posted in Metro DC CRE | Tagged Construction, Development, Europe, Investments, Multi-family, Retail

U.S. Apartment Occupancy Close to Record Levels

CRE Worldwide Posted on June 29, 2016 by Ramin SeddiqJune 29, 2016

Apartment rent rates in the U.S. rose by 0.4 percent in May, the 67th consecutive month of increase, according to USA Today (citing consumer price index data). Rents climbed by about five percent in the first half of the year … Continue reading →

Posted in US CRE | Tagged Economy, Housing Market, Multi-family, Vacancy Rates

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