Local News

As Key Vote Nears, D.C. Housing Advocates, Planners Scramble To Address Comp Plan 'Crisis'
News 5 days ago
As Key Vote Nears, D.C. Housing Advocates, Planners Scramble To Address Comp Plan 'Crisis'

The D. C. Council is nearing a final vote on the first set of amendments to the city's comprehensive plan, but planning officials and advocates are...

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Getty Realty Corp. Announces $125 Million Private Placement of Senior Unsecured Notes
News 5 days ago
Getty Realty Corp. Announces $125 Million Private Placement of Senior Unsecured Notes

JERICHO, N. Y.--(BUSINESS WIRE)--Getty Realty Corp. (NYSE: GTY) announced today it has issued $125 million of senior unsecured notes maturing in...

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92% LEASED CORE OFFICE BUILDING IN SILVER SPRING, MARYLAND COMES TO MARKET VALUED AT $25 MILLION
Video 5 days ago
92% LEASED CORE OFFICE BUILDING IN SILVER SPRING, MARYLAND COMES TO MARKET VALUED AT $25 MILLION

WASHINGTON, D. C. - Transwestern Commercial Services (TCS) today announces The Bernstein Companies has named it the exclusive sales agent for...

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Rockville Shopping Center Anchored By New Trader Joe's Sells For $52M
News 5 days ago
Rockville Shopping Center Anchored By New Trader Joe's Sells For $52M

Finmarc Management has cashed out of a Montgomery County shopping center property after landing Trader Joe's as an anchor tenant. The Bethesda...

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D.C. Investment Sales Broker Joins Berkadia From Marcus & Millichap
News 5 days ago
D.C. Investment Sales Broker Joins Berkadia From Marcus & Millichap

A 28-year-old broker who quickly became the top-performing multifamily investment sales agent in Marcus & Millichap's D. C. office has joined a new...

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NAI Hanson closes sale of Bergenfield office building in exclusive listing
News 5 days ago
NAI Hanson closes sale of Bergenfield office building in exclusive listing

NAI James E. Hanson announced it sold a 5,245 square-foot office building at 253 South Washington Avenue in Bergenfield. Hanson's Dominic Fittizzi...

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Planning urban design improvements at the neighborhood scale: Dupont Circle, DC
Blog 5 days ago
Planning urban design improvements at the neighborhood scale: Dupont Circle, DC

In 2017, when I was writing the series on "complementary transit network improvements" first on the DC area Purple Line light rail program (...

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Suitland’s Ashton Heights Trades for $46M
News 5 days ago
Suitland’s Ashton Heights Trades for $46M

WASHINGTON, DC-Ashton Heights, a high-rise, 283-unit multifamily property in Suitland, Md., has traded for $45.8 million. The seller was Orlo; the...

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Michael Gazzano Joins Turnbridge from Caruso
News 5 days ago
Michael Gazzano Joins Turnbridge from Caruso

Turnbridge Equities appointed Michael Gazzano as Managing Director of its Los Angeles office. He will be responsible for the acquisition and...

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Outstanding Economic Impact in a Historical Preservation Project
News 5 days ago
Outstanding Economic Impact in a Historical Preservation Project

BREMERTON, WA - For GlobeSt.com's 2019 ADAPT awards, we credit historical preservation project, Marina Square in Bremerton, WA as the top economic...

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Metropolitan Washington Council of Government directors adopt goals to tackle housing crisis
News 5 days ago
Metropolitan Washington Council of Government directors adopt goals to tackle housing crisis

The directors of the Metropolitan Washington Council of Government (COG) on Wednesday voted to accept regional goals to address the region's...

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D.C. area planning council sets ‘at least’ 320K new homes as 2030 development goal
Blog 5 days ago
D.C. area planning council sets ‘at least’ 320K new homes as 2030 development goal
Source Curbed - D.C.

D.C. viewed from above | Getty Images/iStockphoto That’s roughly 30 percent more than currently projected Regional leaders on Wednesday passed a...

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Oxford Properties to create 1M s/f of solar rooftops by year 2022
News 6 days ago
Oxford Properties to create 1M s/f of solar rooftops by year 2022

Oxford Properties Grouptoday announced plans to develop a minimum of one million square feet of rooftop solar projects across North America by 2022...

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Federal Claims court to weigh second SEC headquarters protest
News 6 days ago
Federal Claims court to weigh second SEC headquarters protest

A District-based developer has filed a protest with the U. S. Court of Federal Claims challenging the rejection of its bid to bring the Securities...

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Most Complex Execution of an Opportunity Zone Project
News 6 days ago
Most Complex Execution of an Opportunity Zone Project

CAPITAL HEIGHTS, MD - Numerous Opportunity Zone projects from across the country were submitted for GlobeSt.com's 2019 ADAPT awards. This year, we...

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Strategic Realty Acquires Suburban DC Apartments for $46M
News 6 days ago
Strategic Realty Acquires Suburban DC Apartments for $46M

Strategic Realty Holdings has acquired Ashton Heights, a 283-unit multifamily high-rise in Suitland, Md., from Orlo for $45.8 million, according to...

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Ashley Capital buys 798,786 s/f dist. center on I-295/I-95 Corridor in VA
News 6 days ago
Ashley Capital buys 798,786 s/f dist. center on I-295/I-95 Corridor in VA

RICHMOND, VA - Cushman & Wakefield | Thalhimer is pleased to announce the sale of 7000 Hardware Dr. in Prince George County, Virginia and located...

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The Reach at Kennedy Center surpasses $250M fundraising goal
News 6 days ago
The Reach at Kennedy Center surpasses $250M fundraising goal

The John F. Kennedy Center for the Performing Arts made its fundraising goal for the Reach, its three-pavilion expansion, with two days to spare...

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Cardiology-9100, Nights, Sign on Bonus Eligi at BJC HealthCare
News 6 days ago
Cardiology-9100, Nights, Sign on Bonus Eligi at BJC HealthCare

Assistant Nurse Manager - Cardiology-9100, Nights, Sign on Bonus Eligi at BJC HealthCare - Job ID: Employment Status: Full-Time Your Career. Made...

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SALE OF VALUE-ADD INVESTMENT PROPERTY CONFIRMS STRONG PRINCE GEORGE’S COUNTY MARKET
Video 6 days ago
SALE OF VALUE-ADD INVESTMENT PROPERTY CONFIRMS STRONG PRINCE GEORGE’S COUNTY MARKET

WASHINGTON, D. C. - Transwestern Commercial Services (TCS) today announces its Mid-Atlantic Multifamily Group has brokered the sale of Ashton...

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Today's Rental was chosen because it's right next to the Zoo
Blog 6 days ago
Today's Rental was chosen because it's right next to the Zoo

This rental is located at 2929 Connecticut Avenue, NW. The Craigslist ad says: “$1946 / 1br – 800ft2 – Affordable yet Comfortable community in a...

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D.C. Office Developers Look To Lease Lower Floors As Many New Buildings Remain Half-Filled
News 6 days ago
D.C. Office Developers Look To Lease Lower Floors As Many New Buildings Remain Half-Filled

D. C. Office Developers Look To Lease Lower Floors As Many New Buildings Remain Half-Filled A series of new office buildings across D.C. have...

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With Bellevue Booming, Sunset North Sells For $227M
News 6 days ago
With Bellevue Booming, Sunset North Sells For $227M

Kennedy Wilson and Security Benefit recently acquired the Sunset North office complex in Bellevue for $227M. The acquisition is the first for this...

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The Kennedy Center expands for the first time since its 1971 debut
News 6 days ago
The Kennedy Center expands for the first time since its 1971 debut

The REACH, with three pavilions on a generous lawn, adds openness and light to this performance space. An aerial view of The REACH (left, in front...

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Developers Propose 300-Unit, Grocery-Anchored Project On Georgia Avenue
News 6 days ago
Developers Propose 300-Unit, Grocery-Anchored Project On Georgia Avenue

A development team is pursuing a new grocery-anchored mixed-use project on Georgia Avenue, dependent on gaining control of a former firehouse the...

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Forget Hygge. This New NoMa Luxury Apartment Building Is All About the Swedish Concept of
Blog 6 days ago
Forget Hygge. This New NoMa Luxury Apartment Building Is All About the Swedish Concept of "Lagom."

Pet spas and beer tastings and heated rooftop pools are so ubiquitous within DC's luxury apartment buildings that they're almost, well, boring....

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Public meeting on urban agriculture in DC: Wednesday September 11th
Blog 6 days ago
Public meeting on urban agriculture in DC: Wednesday September 11th

From email:On Wednesday, Sept 11th the District’s Department of Energy & Environment (DOEE) will be hosting a listening session on urban...

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MC Real Estate Acquires 327K-SF Office Property in Metro DC
News 6 days ago
MC Real Estate Acquires 327K-SF Office Property in Metro DC

MC Real Estate Partners LCC and an institutional partner have acquired Executive Plaza, a 327,000-square-foot office property in Rockville, MD. The...

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Saul Centers, Inc. Prices Offering of Depositary Shares and 6.000% Series E Cumulative Redeemable Preferred Stock
News 6 days ago
Saul Centers, Inc. Prices Offering of Depositary Shares and 6.000% Series E Cumulative Redeemable Preferred Stock

BETHESDA, Md., Sept. 10, 2019 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS) (the "Company") today announced that it priced 4.0 million depositary...

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Amazon leases large warehouse space from S.F.'s largest industrial landlord
News 6 days ago
Amazon leases large warehouse space from S.F.'s largest industrial landlord

Amazon has leased the remaining space in a unique, three-story warehouse building in South Seattle. Amazon and San Francisco-based Prologis - the...

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National News

Average U.S. asking rents for office space rise 1.7% in H1 2019
News 1 hour ago
Average U.S. asking rents for office space rise 1.7% in H1 2019
Source CRE HERALD

Average U.S. asking rents for office space increased 1.7% over the six-month period ending in June, to $36.44.. Average U.S. asking rents for...

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CRE Financing Provider Says the GSEs Need Recapitalization Rather Than Legislative Reform
News 3 hours ago
CRE Financing Provider Says the GSEs Need Recapitalization Rather Than Legislative Reform

On Sept. 5th, the Treasury Department released a comprehensive plan to reform Fannie Mae and Freddie Mac. Specifically, the 50-page document...

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10 Must Reads for the CRE Industry Today (September 17, 2019)
News 4 hours ago
10 Must Reads for the CRE Industry Today (September 17, 2019)

8 Years of Trump Tax Returns Are Subpoenaed by Manhattan D.A. "State prosecutors in Manhattan have subpoenaed President Trump's accounting firm to...

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BlanQuil Brings Consumer-Favorite Weighted Blanket to Mattress Firm Stores Nationwide
News 7 hours ago
BlanQuil Brings Consumer-Favorite Weighted Blanket to Mattress Firm Stores Nationwide

HOUSTON, Sept. 17, 2019 /PRNewswire/ -- BlanQuil (www.myblanquil.com), the leading premium weighted blanket company, has just announced a new,...

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A startup that wants to be a Zillow for office space just raised $10 million in seed funding from Greycroft and leading real estate players
News 7 hours ago
A startup that wants to be a Zillow for office space just raised $10 million in seed funding from Greycroft and leading real estate players

Biproxi, a commercial real estate marketplace, just nabbed $10 million in seed funding after launching late last year. The company is rolling out a...

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'We like to be the friend': Amazon competitor Boxed's CEO reveals how the wholesale retailer is cozying up to CPG giants like Coca-Cola and PepsiCo
News 7 hours ago
'We like to be the friend': Amazon competitor Boxed's CEO reveals how the wholesale retailer is cozying up to CPG giants like Coca-Cola and PepsiCo

New York-based wholesale retailer Boxed is taking the opposite approach to Amazon as it tries to take on the juggernaut by giving brands and...

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Much More Than Just WeWork
News 7 hours ago
Much More Than Just WeWork
Source CP Executive

Under a mid-range scenario, flex space could represent 13 percent of the total U. S. office space supply, or nearly 600 million square feet, by...

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Understanding ADA Requirements for Historic Properties
News 10 hours ago
Understanding ADA Requirements for Historic Properties

Think your property is exempt from the Americans With Disabilities Act (ADA) because of its age? Think again! There is no grandfather clause under...

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Bascom Refi’s Five MF’s Across Three States
News 12 hours ago
Bascom Refi’s Five MF’s Across Three States
Source Connect Media

CBRE arranged $128.3 million in financing for five multifamily assets totaling 740 units and spread across three states including California,...

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JD Digits Introduces Cutting-Edge eKYC Technology into Thailand
News 13 hours ago
JD Digits Introduces Cutting-Edge eKYC Technology into Thailand

The Dolfin Intelligent Platform, based on five complete intelligent services platforms, including smart transaction, digital lending, digital...

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WeWork Parent Expected to Postpone IPO
News 15 hours ago
WeWork Parent Expected to Postpone IPO

WeWork's parent is expected to postpone its initial public offering after investors questioned how much the company is worth and raised concerns...

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CBRE Veteran Launches Opportunistic Investment Firm
News 15 hours ago
CBRE Veteran Launches Opportunistic Investment Firm

Carlos A. G. Vigon has partnered with Tavaco Capital Management to launch PaxCap Investors, an investment firm focused on opportunistic real estate...

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WeWork Mulls IPO Valuation, Revamps Corporate Governance
News 15 hours ago
WeWork Mulls IPO Valuation, Revamps Corporate Governance

NEW YORK CITY-In the past month, co-working giant WeWork made several efforts to address longstanding concerns about inflated valuations, lack of...

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Digital Realty sells data centers to Singapore’s Mapletree for $1.4bn
News 23 hours ago
Digital Realty sells data centers to Singapore’s Mapletree for $1.4bn
Source CRE HERALD

Digital Realty has entered into definitive agreements with affiliates of Singapore-based Mapletree Investments Pte Ltd and Mapletree Industrial...

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Net Lease REIT W.P. Carey Beefs Up Industrial Acquisitions
News 23 hours ago
Net Lease REIT W.P. Carey Beefs Up Industrial Acquisitions

NEW YORK CITY-W. P. Carey Inc., a global net-lease REIT, has acquired three industrial properties totaled at $111 million amid fierce competition...

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Years in the making, Arizona homebuilder starts work on huge North Carolina community
News 1 day ago
Years in the making, Arizona homebuilder starts work on huge North Carolina community

After more than four years of planning and preparation, an Arizona homebuilder has begun work on a large residential community in the Raleigh,...

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After major McDonald's setback, ad agency We Are Unlimited's survival in doubt
News 1 day ago
After major McDonald's setback, ad agency We Are Unlimited's survival in doubt

We Are Unlimited was stripped of its designation as lead creative agency for McDonald's in the United States late last week. That development may...

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News 1 day ago
100 Best Places

Clarksville, Tennessee ranked #1 by Money Magazine for best city to live in the U.S. 100 Best Places NAI Clarksville

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40 Under 40: “We do what other conventional mortgages cannot do, and as a result we are able to change lives”
News 1 day ago
40 Under 40: “We do what other conventional mortgages cannot do, and as a result we are able to change lives”

What is your greatest professional accomplishment? The development and growth of building my own business and creating Stratton Equities – the...

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Fred's discount retail store to be delisted from the Nasdaq
News 1 day ago
Fred's discount retail store to be delisted from the Nasdaq

Due to Fred's filing for bankruptcy, the company is now set to be delisted from the Nasdaq. According to a Sept. 13 U. S. Securities and Exchange...

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3 Tech CEOs Transforming The Commercial Real Estate Industry
News 1 day ago
3 Tech CEOs Transforming The Commercial Real Estate Industry
Source Forbes

It’s no secret that many industries have experienced disruption from technological innovation, from Uber’s effects on the taxi industry to Amazon’s...

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10 Must Reads for the CRE Industry Today (September 16, 2019)
News 1 day ago
10 Must Reads for the CRE Industry Today (September 16, 2019)

How Will the New FHFA CAP Affect Green Lending? "The Federal Housing Finance Agency has just made some major changes to the lending cap for Fannie...

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SMART Financial acquires 19 stores including 12 in the Midwest
News 1 day ago
SMART Financial acquires 19 stores including 12 in the Midwest
Source RE Journal

SMART Financial, a specialty financial services and retail company, is expanding its presence across the U. S. by acquiring 11 Illinois stores, one...

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California realtors oppose new rent control measures
News 1 day ago
California realtors oppose new rent control measures

Californian lawmakers last Wednesday approved a bill that, if it comes into effect, would lead to rents being capped throughout the state. The move...

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Children’s Fashion Designer and Denim Maker Ink Deals for Garment District Offices
News 1 day ago
Children’s Fashion Designer and Denim Maker Ink Deals for Garment District Offices

A children’s fashion designer and a denim manufacturer both inked deals to take space in 242 West 36th Street, Commercial Observer has learned. In...

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Just One-Quarter of Public Company Executives Call Lease Accounting Implementation 'Complete'
News 1 day ago
Just One-Quarter of Public Company Executives Call Lease Accounting Implementation 'Complete'

NEW YORK, Sept. 16, 2019 /PRNewswire/ -- Just 26.3% of public company executives report that their implementation of the Financial Accounting...

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News 1 day ago
CBRE Earns Place on Dow Jones Sustainability World Index
Source CBRE

LOS ANGELES--(BUSINESS WIRE)-- CBRE Group, Inc. (NYSE:CBRE) today announced that it has been included in the Dow Jones Sustainability World Index ...

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WeWork To Delay IPO For At Least A Month
News 1 day ago
WeWork To Delay IPO For At Least A Month

WeWork's much-anticipated IPO is going to have to wait. The We Company, the parent company of WeWork, was expected to begin its roadshow this week,...

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Treasury Plans To Restrict Multifamily Lending In Areas With Rent Control
News 1 day ago
Treasury Plans To Restrict Multifamily Lending In Areas With Rent Control

The U. S. Treasury Department's plan to make Fannie Mae and Freddie Mac private again also included a proposal that would make it more difficult to...

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Majority of nation's housing markets have now recovered from housing recession
News 1 day ago
Majority of nation's housing markets have now recovered from housing recession
Source HousingWire

As home price appreciation strengthens across the country, a report from HSH, an online lending marketplace, suggests home prices have now returned...

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Local Events

Event 02/02/2020
2020 Winter Business Meeting & National Issues Conference

Open to all BOMA members, the Winter Business Meeting & National Issues Conference offers the chance to learn, network and participate in...

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Local Jobs

Job 3 years ago
Director, Business Development

In this critical role, the qualified candidate will work to improve Planned Companies’ market position and drive financial growth. S/he will build...

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