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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

Rappi’s Rapid Rise

CRE Worldwide Posted on October 27, 2024 by Ramin SeddiqOctober 27, 2024

“Rappi is a Latin American super-app offering a variety of digital consumer services that began with food delivery and has since expanded to provide e-commerce, travel, and banking services[,]” according to an analysis published by Contrary Research which states further … Continue reading →

Posted in International CRE | Tagged Economy, Industrial, Latin America, Retail, South America, Technology

The Resurgence and Evolution of the Health and Fitness Club Industry

CRE Worldwide Posted on August 28, 2023 by Ramin SeddiqAugust 28, 2023

The $32 billion U.S. fitness industry is experiencing a resurgence and evolution, with promising future prospects. According to the Houston Chronicle, Placer.ai named the fitness industry as one of 2022’s top industries in its annual overview of industries. Globally, health … Continue reading →

Posted in US CRE | Tagged Development, Economy, Leasing, Retail, Technology

Record Loadshedding Fuels Demand for Solar Panels in South Africa

CRE Worldwide Posted on June 20, 2023 by Ramin SeddiqJune 20, 2023

South Africa is experiencing a 15-year power crisis that is causing widespread rotational power cuts, known as loadshedding. In 2022, there were 3,773 hours of loadshedding (the most intensive year of loadshedding in South Africa’s history), according to CleanTechnica. The … Continue reading →

Posted in International CRE | Tagged Africa, Construction, Development, Government, Industrial, Investments, Office, Operating Costs, Residential RE, Retail, Taxes, Technology

The U.S. Office Market in Q1–2023

CRE Worldwide Posted on May 15, 2023 by Ramin SeddiqMay 15, 2023

Colliers reports that the U.S. office vacancy rate in Q1–2023 was 16.1 percent—higher than in Q1–2022 (15 percent) and Q1–2021 (14.2 percent). Construction activity slowed in Q1–2023, with 93.5 million square feet underway, compared to 121.9 million square feet in … Continue reading →

Posted in US CRE | Tagged Absorption, Construction, Demographics, Economy, Leasing, Office, Technology, Vacancy Rates

Argentina’s Central Bank Prohibits PSPs From Engaging in Cryptocurrency Transactions

CRE Worldwide Posted on May 9, 2023 by Ramin SeddiqMay 9, 2023

In a statement issued on May 4th, the Central Bank of Argentina (BCRA) prohibited payment service providers (PSPs) from carrying out or facilitating operations with cryptocurrency assets. According to the statement, the measure ordered by BCRA “seeks to mitigate the … Continue reading →

Posted in International CRE | Tagged Economy, Government, Latin America, Pricing, RE Sales, South America, Technology

Expanding E-Commerce Market in Southeast Asia Fuels Demand for Industrial Space

CRE Worldwide Posted on February 25, 2023 by Ramin SeddiqFebruary 25, 2023

Savills reports that Southeast Asia’s e-commerce sector is projected to develop at a compound annual growth rate (CAGR) of 34 percent to USD $102 billion by 2025, up from USD $5.5 billion in 2015. From 2016 to 2021, the total … Continue reading →

Posted in International CRE | Tagged Asia, China, Development, Economy, Industrial, Investments, Retail, Technology

Retrofitting and Green Financing in Commercial Real Estate

CRE Worldwide Posted on February 14, 2023 by Ramin SeddiqFebruary 16, 2023

According to the IEA, the buildings and construction sector accounted for 36 percent of final energy use and 39 percent of energy and process-related carbon dioxide (CO2) emissions in 2018, 11 percent of which resulted from manufacturing building materials and … Continue reading →

Posted in International CRE | Tagged China, Construction, Europe, Industrial, Lending, Operating Costs, REITs, Technology, UK

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

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

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