Local CRE Trends

Transfer and Recordation Taxes Changes:
Anne Arundel, Montgomery County, Maryland and the District of Columbia

View a short synopsis of 3 upcoming modifications to transfer/recordation taxes in the DMV

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Fidelity National Financial, Inc. proudly ranked the #2 most trusted company in the insurance industry by Newsweek.
 
Click to view list: Most-Trustworthy-Companies-America-2023


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Discover What’s New and Interesting in Our Backyard

As the nation’s capital, Washington, D.C. is steeped in history and is renowned for its distinctive character: it is at once an epicenter of politics, world-class tourist destination, working federal city and home to more than 672,000 residents.

The Washington metropolitan area, which includes “the District” and parts of Maryland, Virginia and West Virginia, is home to approximately 6.1 million residents and is the sixth-largest metropolitan area in the United States. As a major international hub for government, big business and tourism, our nation’s capital and its surrounding states feature some of the most dynamic and complex commercial real estate in the country.

Washington, D.C. has been experiencing an urban renewal for the past two decades, with billions in new investments in its downtown area, nearby neighborhoods and waterfront area. Investment in new retail, restaurants, and entertainment options have resulted in a population surge, according to the Washington DC Economic Partnership (WDCEP). The D.C. population has increased by 9 percent since 2010, and retail construction is on the rise to meet the population demand, with 1.9 million retail square footage under construction, according to WDCEP.

The area’s diverse economy creates unique opportunities for commercial real estate development. In May 2017, Washington, D.C. was named #6 on the IESE Cities in Motion Index, which ranks the world’s “smartest” cities analyzing their level of development in 10 key areas: governance, urban planning, public management, technology, the environment, international outreach, social cohesion, mobility and transportation, human capital and the economy. Easy access to lawmakers, close proximity to cybersecurity investment dollars, and a number of smart initiatives help to strengthen the commercial real estate market.

Commercial real estate construction remains at a fevered pace, the most since 2008, according to global real estate services firm Colliers International, with just over half of the space already committed after the first quarter of 2017.

About Fidelity National Financial

Fidelity National Financial, Inc. (FNF) is currently ranked #359 on the 2023 FORTUNE 500®*, and is among numerous defense, energy, media, hospitality and financial FORTUNE 500®* companies based in the region. Our DC-based team of CRE professionals works in all facets of the industry, including power and energy projects, office buildings, industrial parks, multifamily housing, retail properties, government contracts, corporate transactions and more.

Discover what’s new and interesting in our backyard in the latest real estate news, provided courtesy of the FNF Newsdesk.

*FORTUNE and FORTUNE 500 are registered trademarks of Time Inc. From FORTUNE Magazine, June 2023 ©2023 Time Inc. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of Fidelity National Financial. Chicago Title Insurance Company is a member of the Fidelity National Financial family of companies and the nation’s largest group of title companies and title insurance underwriters - Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title, and National Title of New York - that collectively issue more title insurance policies than any other title company in the United States.


The Latest Articles From the FNF Newsdesk:

Swing States And The Future Of Equity: Shaping Policies For Black Americans
pm EDT Swing states, pivotal in determining the outcome of U.S. presidential elections, play an outsize role in shaping national policy directions that impact marginalized and low-income...

Fed Versus ECB: A Comparison Of Monetary Policies Over The Last Year
am EDT Magdy Hassan Fayed | Founder & CEO of Forex Gump SRL. In the complex panorama of global financial governance, the Federal Reserve (Fed) and the European Central Bank (ECB) stand as pivotal...

The Year Of Growth: 3 Steps To Business Owner Success In 2024
am EDT Eyal Lifshitz is CEO of Bluevine, a leading provider of small-business banking. Despite continued inflation and a persistent high interest rate environment, economists are no longer...

No Change In Interest Rates Expected At Fed’s May Meeting
am EDT The U.S. Federal Reserve will set interest rates again on May 1. Fixed income markets expect that rates will remain at 5.25%-5.5%, as they have since last July. Nonetheless, summer cuts are...

Collateral Damage From Fed Policy (3): Money Market Funds, A ‘Powder Keg’?
...previous column, I examined the impact of the rate storm on the housing market. Here the focus is on another multi-trillion dollar segment of the financial system, where rising rates may be distorting...

Trade Finance As An Inflation Hedge And Strategic Investment Choice
am EDT Founder and Managing Director Artis Trade Invest and Artis Trade House—providing insured or collateralised trade solutions. In the current economic environment, characterized by enduring...

Fed officials are now considering fewer rate cuts this year
CNN  —  Americans hamstrung by high borrowing costs on car loans, mortgages and credit cards shouldn’t expect much of a break this year. That’s because some Federal Reserve officials are...

Public Employment Still Hasn’t Caught Up From The Great Recession
am EDT The labor market has been booming for years, but the speedy recovery from the depth of the pandemic-induced recession has been uneven. Even as aggressive fiscal policy interventions helped...