August 31, 2020
For those of us working from home these past few months, this summer hasn’t felt much different than winter or spring (though our air conditioners might disagree).
Critical questions continue to mount about the global outlook for COVID-19. Cities in the US and abroad are dealing with spikes of civil unrest, and the global business community watches the US presidential election with bated breath.
Despite uncertainties, US real estate still has foreign investment appeal. JLL’s newest Global Real Estate Transparency Index still ranks the US as one of the most transparent markets, and the recent Big Picture report from Real Capital Analytics shows that non-US investors have been net acquirers in 2020 (though capital repatriation activities from Chinese investors in 2019 has also contributed to this trend).
Even as the market remains active, transaction volumes are down and regulatory scrutiny is on the rise—especially as the Committee on Foreign Investment in the United States (CFIUS) has been mobilized in the continued technology tensions between the US and China. Definitely important to watch in the coming months.
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Treasury Department Formally Implements CFIUS Filing Fees and Narrows Definition of “Principal Place of Business”
The Department of the Treasury issued a final rule narrowing its definition of “place of business” and implementing filing fees for formal notices of transactions submitted to CFIUS. Change went into effect yesterday. via Baker McKenzie
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