

Most people today regard America’s experiment with alcohol prohibition as a national embarrassment, rightly repealed in 1933. So it will be with the closures and lockdowns of 2020, some day. In 1920, however, to be for the repeal of the prohibition that was...
The consensus also favoured alcohol prohibition

Subleases in the time of covid
In the world of commercial real estate office leasing, the sublease market offers a less transparent subset of supply and demand that is difficult to track at best, and frustratingly illogical at worst. Because sublessors are in cost recovery mode, it is challenging...
Subleases in the time of covid

Citizenship-investors turn from Cyprus to the Caribbean
Along with air miles and an agenda, a passport was probably the least useful accessory of 2020. For those of us as familiar with business lounges as we were with sun loungers, this has been an unusual year. But the signs, for passports at least, are that they are back...
Citizenship-investors turn from Cyprus to the Caribbean

The prospects for global trade under the new US administration
During the last four years, the prospects for freer world trade have been in retreat. Now, with a new broom about to sweep into the White House, there is renewed hope for progress both in bilateral and multilateral trade negotiations. Financial markets have been...
The prospects for global trade under the new US administration

US regime change – what does it mean for real estate?
Historically, political party control of the US government has not had much bearing on investment performance of commercial real estate. However, NCREIF data (since its 1978 inception) shows that Democratic administrations produced somewhat stronger 10.4% average...
US regime change – what does it mean for real estate?