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MRP Sells Ashburn Office Buildings For $47M
News 2 weeks ago
MRP Sells Ashburn Office Buildings For $47M

A pair of 10-year-old office buildings near the One Loudoun development in Ashburn has just traded hands. MRP Realty sold the Lakeview East and...

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Here's How Bad The Coronavirus Could Be For American Hotels
News 2 weeks ago
Here's How Bad The Coronavirus Could Be For American Hotels

As the number of coronavirus cases escalates, the outbreak and a sharp drop in tourism from China could have a significant impact on America's...

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Metro Selects Stonebridge, Rockefeller Group To Redevelop Chinatown Headquarters Site
News 2 weeks ago
Metro Selects Stonebridge, Rockefeller Group To Redevelop Chinatown Headquarters Site

WMATA has picked the team to redevelop its longtime headquarters building in Chinatown as the transit agency plans its move to L'Enfant Plaza. The...

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Edge To Launch New Multifamily Capital Markets Group With Hire From NKF
News 2 weeks ago
Edge To Launch New Multifamily Capital Markets Group With Hire From NKF

D. C.-based real estate firm Edge has recruited a veteran broker from Newmark Knight Frank to help launch a new business line. Edge announced...

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Net-Lease Firm Calkain Cos. To Shut Down As Founder Joins Avison Young
News 2 weeks ago
Net-Lease Firm Calkain Cos. To Shut Down As Founder Joins Avison Young

Avison Young is bringing on the founder of a D. C.-based net-lease firm to launch a new nationwide group specializing in the sector. Calkain Cos....

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United Bank Reports Record Earnings And Increases Dividend To Close Out 2019
News 2 weeks ago
United Bank Reports Record Earnings And Increases Dividend To Close Out 2019

United Bankshares Inc. finished 2019 with another strong earnings report. Earnings for Q4 2019 were $63.3M, or $0.62 per diluted share as compared...

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The 30-Story Towers Planned For Rosslyn
News 2 weeks ago
The 30-Story Towers Planned For Rosslyn

The plans to build two high-rise residential towers eclipsing 30 stories across from the Rosslyn Metro station are coming into clearer focus. The...

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D.C. Leading The Nation In Foreign Investment And 5 Other CRE Trends To Watch
News 2 weeks ago
D.C. Leading The Nation In Foreign Investment And 5 Other CRE Trends To Watch

Despite the challenges facing the commercial real estate industry, from office vacancy to housing affordability to retail closures, the D.C. market...

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Media Watchdog Group Moving To The Wharf's 800 Maine Office Building
News 2 weeks ago
Media Watchdog Group Moving To The Wharf's 800 Maine Office Building

Southwest D. C. megaproject The Wharf has landed another tenant at its 800 Maine Ave. SW office building. Media Matters for America is moving into...

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Plan For 2,500-Unit Prince George's County Mall Redevelopment Moving Forward
News 2 weeks ago
Plan For 2,500-Unit Prince George's County Mall Redevelopment Moving Forward

The owners of a 54-acre mall in Prince George's County are moving forward with development plans that could add 2,500 residential units. The...

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D.C. Looks To End 'Outdated' Urban Renewal Plans As Part Of Housing Development Strategy
News 2 weeks ago
D.C. Looks To End 'Outdated' Urban Renewal Plans As Part Of Housing Development Strategy

As Mayor Muriel Bowser's administration continues to pursue policy changes that would help the District reach her goal of adding 36,000 housing...

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Amazon Buys HQ2 Development Site For $155M
News 3 weeks ago
Amazon Buys HQ2 Development Site For $155M

The land sale that will make way for the first phase of Amazon HQ2 development has closed. An Amazon subsidiary Jan. 15 acquired the 6.2-acre...

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Investor Brian Friedman Pays $50M For Herndon Office Building
News 3 weeks ago
Investor Brian Friedman Pays $50M For Herndon Office Building

The D. C. investor who bought the Watergate Office Building and is bidding on the Trump International Hotel has just acquired an office building in...

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Avison Young Acquires D.C.-Based Property Management Firm
News 3 weeks ago
Avison Young Acquires D.C.-Based Property Management Firm

Avison Young is growing its D. C.-area property management business with a new acquisition. The Canadian real estate firm acquired D.C.-based BMS...

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Monument Realty Buys Vacant Downtown D.C. Office Building
News 3 weeks ago
Monument Realty Buys Vacant Downtown D.C. Office Building

The Department of Justice's consolidation in NoMa left multiple D. C. office buildings vacant, and another one has just traded hands. Monument...

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Democratic Candidates Ramped Up Office Leasing Ahead Of Iowa Caucuses
News 3 weeks ago
Democratic Candidates Ramped Up Office Leasing Ahead Of Iowa Caucuses

As the Democratic presidential candidates geared up for Monday's Iowa caucuses, the campaigns spent over $1M on coworking and flexible offices in...

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Fore Property Hires Mid-Atlantic Development Head From Bozzuto
News 3 weeks ago
Fore Property Hires Mid-Atlantic Development Head From Bozzuto

Fore Property is looking to expand its presence on the East Coast, and it has brought on a D. C.-based partner to lead development in the Mid...

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Westphalia Developer Sells 58-Acre Piece Of Prince George's County Site
News 3 weeks ago
Westphalia Developer Sells 58-Acre Piece Of Prince George's County Site

A portion of the massive Prince George's County development where Amazon last year backed out of a plan to build a fulfillment center has just...

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Waiting For Boomers, Some Developers Shift To Target 'Active Adults'
News 3 weeks ago
Waiting For Boomers, Some Developers Shift To Target 'Active Adults'

The senior housing industry may have begun preparing for the onslaught of baby boomer demand too early, and some developers now appear to be...

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JBG Smith Exec Leaves To Join Network Realty Partners
News 3 weeks ago
JBG Smith Exec Leaves To Join Network Realty Partners

Network Realty Partners, an Arlington-based real estate investment company founded in 2018, has added another former JBG executive. The firm...

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Ditto Residential Working On New Apartment Brand With Leading Designer, Architect
News 3 weeks ago
Ditto Residential Working On New Apartment Brand With Leading Designer, Architect

A D. C.-based residential developer is preparing to roll out a new brand of apartments aimed at bringing people together around food. Ditto...

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Howard Inks Deal With MRP To Build Apartments Next To 9
News 4 weeks ago
Howard Inks Deal With MRP To Build Apartments Next To 9

Howard University has entered into another deal with a real estate developer to build apartments on one of its properties in the booming Shaw...

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Can A Financial Software Company Show CRE The Value Of Tech?
News 4 weeks ago
Can A Financial Software Company Show CRE The Value Of Tech?

While real estate professionals have made strides toward embracing technology, some aspects of the industry still lag behind. Thankfully, a growing...

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Longtime President Of NMHC To Step Down
News 4 weeks ago
Longtime President Of NMHC To Step Down

The association that lobbies on behalf of the multifamily industry will welcome a new leader next year for the first time in two decades. National...

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Boston Properties To Sell Herndon Office Park For $256M After Renewing GSA Lease
News 4 weeks ago
Boston Properties To Sell Herndon Office Park For $256M After Renewing GSA Lease

A federal government-leased office complex in Herndon is under contract to trade hands for more than a quarter-billion dollars. Boston Properties...

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Viceroy Bringing Luxury Brand To Renovated Logan Circle Hotel
News 4 weeks ago
Viceroy Bringing Luxury Brand To Renovated Logan Circle Hotel

A new luxury hotel brand is coming to the nation's capital, the latest in a series of brands to enter the market. Viceroy Hotels & Resorts...

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Rising Construction Costs Fueling Record Tenant Build-Out Allowances In D.C.
News 4 weeks ago
Rising Construction Costs Fueling Record Tenant Build-Out Allowances In D.C.

Rising construction costs have plagued the commercial real estate industry in D. C. and around the country for several years, and industry leaders...

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Transwestern Hires D.C. Executive From Tishman Speyer
News 1 month ago
Transwestern Hires D.C. Executive From Tishman Speyer

One of the leaders of Tishman Speyer's D. C. office leasing team has left to join a brokerage firm. Tony Womack, a 30-year D.C. commercial real...

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Tishman Speyer To Launch Extensive Renovation Of 1.2M SF International Square Complex
News 1 month ago
Tishman Speyer To Launch Extensive Renovation Of 1.2M SF International Square Complex

A massive office complex in the heart of D. C.'s Central Business District is set to undergo a major renovation. Tishman Speyer sent an email last...

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UIP Faces 2 Lawsuits For Breach Of Contract On D.C. Developments
News 1 month ago
UIP Faces 2 Lawsuits For Breach Of Contract On D.C. Developments

Developer Urban Investment Partners is engaged in two legal disputes over D.C. real estate projects, one with a broker and another with a...

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