Local News

Crystal City Office Tower Sells for $100M
News 2 days ago
Crystal City Office Tower Sells for $100M

Starwood Capital Group has acquired Presidential Tower, a 349,303-square-foot, Class A office building in Arlington, Va., from Beacon Capital...

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Today's Rental is a
Blog 2 days ago
Today's Rental is a "Charming 1br with hardwood floors, custom kitchen and bathroom."

This rental is located at 1712 16th Street NW at Riggs Road. The Craigslist ad says: “$1950 / 1br – 555ft2 – Beautiful one bedroom- CH Houston...

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Adams Morgan's Line Hotel $46 Million Tax Abatement Appears in Jeopardy after AG Ruling unless
Blog 2 days ago
Adams Morgan's Line Hotel $46 Million Tax Abatement Appears in Jeopardy after AG Ruling unless "specific D.C. hiring requirements" met

1780 Columbia Road, NW From Councilmember Silverman’s office: “In response to a request from two D.C. Council members, D.C. Attorney General Karl...

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Fairfax County Office Portfolio Trades For $87M Following Foreclosure
News 2 days ago
Fairfax County Office Portfolio Trades For $87M Following Foreclosure

Five buildings in a Fairfax County office park that went into foreclosure in 2016 have just traded hands. US Bank National Association sold the...

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www.nar.realtor
News 2 days ago
www.nar.realtor

Association directors take actions on Code of Ethics, MLS, and other policies-and approve three more years of national advertising. From the...

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NoVa Data Center Builders Battle For Tenants In World's Largest Market
News 2 days ago
NoVa Data Center Builders Battle For Tenants In World's Largest Market

Northern Virginia has cemented its place as the world's largest data center market with a continued boom of new development, but the increasingly...

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Dressbarn shutting it all down. A dozen stores span Greater Washington.
News 2 days ago
Dressbarn shutting it all down. A dozen stores span Greater Washington.

Dressbarn announced Monday plans to shutter all of its remaining 650 stores, including the dozen still open in Greater Washington. The Mahway, New...

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Salad Days: How Sweetgreen Quickly Built Its Billion-Dollar Valuation
News 2 days ago
Salad Days: How Sweetgreen Quickly Built Its Billion-Dollar Valuation

It takes a lot of ingredients to build a fast-casual restaurant chain toward a billion-dollar valuation. Few thought that lettuce would be one of...

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Blog 2 days ago
FHA working on plan to approve more condo mortgages

Sign in to use the "My Favorites" feature. Connect with us on: WASHINGTON - May 21, 2019 - Realtors® in Washington last week met with Department of...

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Grow Seattle: How the business community can help create equity in education
News 3 days ago
Grow Seattle: How the business community can help create equity in education

Trish Millines Dziko's mission is to educate people of color in science, technology, engineering and math, yet she's had to counsel people out of...

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Amazon is relabeling Ballston job listings as HQ2 specific
News 3 days ago
Amazon is relabeling Ballston job listings as HQ2 specific

Amazon.com Inc. has added new job posts to its HQ2 job website. But this time, the company relabeled positions from its Ballston location to the...

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Will 25% Tariffs On Chinese Goods Impact CRE?
Blog 3 days ago
Will 25% Tariffs On Chinese Goods Impact CRE?

After more than a year of tit-for-tat trade negotiations between China and the U.S., making sense of all the rhetoric and tariff adjustments has...

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Maketto Restaurateur Erik Bruner-Yang Is Opening an All-Day Cafe in Navy Yard
Blog 3 days ago
Maketto Restaurateur Erik Bruner-Yang Is Opening an All-Day Cafe in Navy Yard

Last year Maketto restaurateur Erik Bruner-Yang jumped into the hotel world, opening two concepts (Brothers and Sisters, Spoken English) in Adams...

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Falls Church, PN Hoffman and EYA team have deal to develop Little City Commons
News 3 days ago
Falls Church, PN Hoffman and EYA team have deal to develop Little City Commons

Plans for a major redevelopment in Falls Church are moving ahead, in a key first step for the transformation of the western edge of the small city....

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McLean Gardens: Urban Living in a Parklike Setting
Blog 3 days ago
McLean Gardens: Urban Living in a Parklike Setting

For urban living in a parklike setting, it’s time to explore the possibilities of living in McClean Gardens. This historic community sits in...

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Lake Oswego firm heading up Sammamish Town Center project in Washington
News 3 days ago
Lake Oswego firm heading up Sammamish Town Center project in Washington

The first phase of the long-held plan, which is backed by Benaroya, will have about 425 residences and a large amount of commercial space....

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Peterson, Foulger-Pratt to renovate Downtown Silver Spring, welcome The Eleanor
News 3 days ago
Peterson, Foulger-Pratt to renovate Downtown Silver Spring, welcome The Eleanor

Downtown Silver Spring is set for a $10 million overhaul, to include a new bowling venue and lounge, a new public plaza, public art and "dynamic...

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Lidl To Open First D.C. Grocery Store At Skyland Town Center
News 3 days ago
Lidl To Open First D.C. Grocery Store At Skyland Town Center

The Skyland Town Center development team has reached a deal for a grocery store anchor, the first new supermarket to open East of the River in over...

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Data Centers Can Lose $10K Every Second They Are Down
News 3 days ago
Data Centers Can Lose $10K Every Second They Are Down

When data centers go down, the consequences can be disastrous. Even if a center is only down for a few minutes, companies can quickly lose money,...

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Erik Bruner-Yang opening a cafe in Navy Yard, opening
Blog 3 days ago
Erik Bruner-Yang opening a cafe in Navy Yard, opening "end of the summer 2019"

2 I Street, SE. Photo of coming cafe space courtesy Foreign National From an email: “RCP Development and Crescent Communities co-developed Novel...

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Blog 3 days ago
"Bowser Administration Asks Residents to Provide Feedback on DC Values"

Photo by PoPville flickr user Ted Eytan From a press release: “Over the past three years, Mayor Bowser and the DC Office of Planning (OP) have...

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Manassas Shopping Center Trades For $30M
News 3 days ago
Manassas Shopping Center Trades For $30M

Finmarc Management is bullish on the retail market in Manassas, where it has acquired two adjacent shopping centers in the last three years. The...

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Construction QC Manager at Envirocon Inc
News 3 days ago
Construction QC Manager at Envirocon Inc

Construction QC Manager at Envirocon Inc - *US-TN, Memphis 626 1 Envirocon, one of nine Washington Operating Companies...

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Developers Buy Reston National Golf Course After Previous Owner Failed To Build On It
News 3 days ago
Developers Buy Reston National Golf Course After Previous Owner Failed To Build On It

A partnership of Baltimore-based development firms has acquired a 168-acre Northern Virginia golf course after its previous owner could not...

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Scott Plank's War Horse, Weller buy Northern Virginia golf course
News 3 days ago
Scott Plank's War Horse, Weller buy Northern Virginia golf course

Reston National Golf Course, the subject of a four-year legal battle over the potential for the Northern Virginia site's residential redevelopment,...

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Scott Plank's War Horse, Weller buy Reston National Golf Course
News 3 days ago
Scott Plank's War Horse, Weller buy Reston National Golf Course

Reston National Golf Course, the subject of a four-year legal battle over the potential for the Northern Virginia site's residential redevelopment,...

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Opinion: Washington lawmakers made a mockery of good government
News 3 days ago
Opinion: Washington lawmakers made a mockery of good government

The Washington state budget is more than just a collection of tax and spending policies. It's a statement of values and principles touching every...

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Blog 3 days ago
AI won’t replace Realtors – but prepare for a change

Sign in to use the "My Favorites" feature. Connect with us on: WASHINGTON - May 20, 2019 - From chat bots that talk to your clients on your behalf...

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Security Properties, Rockwood Capital Buy 512-Unit Multifamily Property in Washington
News 3 days ago
Security Properties, Rockwood Capital Buy 512-Unit Multifamily Property in Washington

MOUNTLAKE TERRACE, WASH. - A partnership between Security Properties and Rockwood Capital has acquired Taluswood, a multifamily property located in...

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Why office spaces should include Wi-Fi-enabled buses
Blog 3 days ago
Why office spaces should include Wi-Fi-enabled buses

"We lose 20 hours a week," a working mother in Florida I interviewed for my book, All In, told me. "Ten hours for each of us." She was describing...

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National News

A glance at US mortgage rates down slightly this week
News 3 hours ago
A glance at US mortgage rates down slightly this week

Long-term US mortgage rates fell slightly this week, marking a fourth straight week of declines to lure prospective purchasers in the spring...

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Will Las Vegas Glitz Play in Boston? Wynn Will Soon Find Out
News 6 hours ago
Will Las Vegas Glitz Play in Boston? Wynn Will Soon Find Out

After holding discussions to sell its $2.6 billion Massachusetts project to MGM Resorts International -- talks that sparked an outcry from local...

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sonnen and Evolutionary Home Builders partner to Design the Most Sustainable Passive Home Community in the United States
News 9 hours ago
sonnen and Evolutionary Home Builders partner to Design the Most Sustainable Passive Home Community in the United States

"Once again, sonnen has identified a partner in Evolutionary Home Builders who bucks the status quo and understands the importance and potential of...

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What Can Building a Tower on Top of its Herald Square Store Do for Macy’s?
News 9 hours ago
What Can Building a Tower on Top of its Herald Square Store Do for Macy’s?

Seeking to cash in on its most valuable real estate asset, Macy Inc.'s CEO Jeff Gennette confirmed that the department store retailer is...

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Are higher retail prices in the U.S. worth it to get China to play fair?
News 10 hours ago
Are higher retail prices in the U.S. worth it to get China to play fair?

Are higher retail prices in the U. S. worth it to get China to play fair?A retail group predicts higher prices in stores thanks to the trade war,...

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Counect International Technology debuted at ICSC RECon 2019
News 10 hours ago
Counect International Technology debuted at ICSC RECon 2019

CHENGDU, China, May 23, 2019 /PRNewswire/ -- On May 19-22, Counect International Technology attended the RECon 2019 organized by the International...

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Blackstone Targets $5 Billion for Latest Real Estate Debt Fund
News 10 hours ago
Blackstone Targets $5 Billion for Latest Real Estate Debt Fund

The firm is tapping into sustained interest in private real estate debt as investors search for yield. In 2018, $26 billion was raised by funds...

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10 Must Reads for the CRE Industry Today (May 23, 2019)
News 10 hours ago
10 Must Reads for the CRE Industry Today (May 23, 2019)
Source NREI - Wire

The Fed has signaled that no interest rate hikes are coming for some time, reports CNBC. MarketWatch looks at the retirement community of the...

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High end of purchase market benefiting most from lower mortgage rates
News 10 hours ago
High end of purchase market benefiting most from lower mortgage rates

The decline in average mortgage rates since the start of the year is driving higher purchase demand, especially at the higher end of the market,...

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Dollar General, Autozone proposed in Barnegat
News 10 hours ago
Dollar General, Autozone proposed in Barnegat

BARNEGAT - Dollar General, one of the nation's largest retailers, is hoping to open its first store in Barnegat. WP Barnegat LLC of Media,...

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Blackstone’s next real estate debt fund is aiming for $5B
News 11 hours ago
Blackstone’s next real estate debt fund is aiming for $5B

Blackstone is aiming to raise $5 billion for its latest real estate debt fund. The fund, Blackstone Real Estate Debt Strategies IV, will have an...

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Atlanta developer cements construction loan for Marriott Element hotel at Charlotte Avenue's OneCity project
News 11 hours ago
Atlanta developer cements construction loan for Marriott Element hotel at Charlotte Avenue's OneCity project

A developer from Atlanta has corralled all the funding needed to build the hotel planned as part of a mixed-use development on the revitalizing...

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Real Estate Market Trends: Nine Ways To Separate Signal From Noise
News 13 hours ago
Real Estate Market Trends: Nine Ways To Separate Signal From Noise

The market is always fluctuating in some way, but in order to be successful, you must be able to separate signals from noise when trying to...

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The Need For Warehouses Is Booming. How Can Companies Maintain Quality And Consistency?
News 13 hours ago
The Need For Warehouses Is Booming. How Can Companies Maintain Quality And Consistency?

Companies that operate in multiple markets across the U. S. are often missing one key thing when it comes to warehouse construction: consistency....

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U.S. home sales, manufacturing stumble; labor market strong
News 13 hours ago
U.S. home sales, manufacturing stumble; labor market strong

WASHINGTON (Reuters) - Sales of new U. S. single-family homes fell from near an 11-1/2-year high in April as prices rebounded and manufacturing...

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UK to Enjoy Fast Growing Rental Investment Revolution Over Next 5 Years
News 13 hours ago
UK to Enjoy Fast Growing Rental Investment Revolution Over Next 5 Years

According to international real estate consultant Knight Frank's latest Prime Global Cities Index, which tracks the movement in luxury residential...

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Freddie Mac: Mortgage rates at one-year low after falling four consecutive weeks
News 13 hours ago
Freddie Mac: Mortgage rates at one-year low after falling four consecutive weeks
Source HousingWire

Mortgage interest rates have fallen for the fourth week in a row to match the one-year low set at the end of March, giving way to an uptick in...

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Homebuyers, you could have saved this much on your mortgage last week
News 13 hours ago
Homebuyers, you could have saved this much on your mortgage last week
Source HousingWire

Last week, the share of borrowers with rates under 4.25% ticked up. In fact, LendingTree's Mortgage Rate Competition Index indicates borrowers with...

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CBRE brokers $21M sale of Oakbrook Terrace shopping center
News 14 hours ago
CBRE brokers $21M sale of Oakbrook Terrace shopping center
Source RE Journal

CBRE recently brokered the sale of 22nd Street Plaza, a 176,164-square-foot retail property at 17W734 22nd Street in Oakbrook Terrace, Illinois....

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Welltower Buys $1.25B Medical Office Portfolio from CNL
News 16 hours ago
Welltower Buys $1.25B Medical Office Portfolio from CNL

NEW YORK CITY-CNL Healthcare Properties sold a medical office portfolio of 55 buildings to Welltower Inc. for $1.25 billion. The portfolio...

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In Proptech, Infrastructure is Key
News 16 hours ago
In Proptech, Infrastructure is Key

TORONTO-Building technologies, so-called proptech, are advancing exponentially. Indeed, it can be a struggle to keep pace with the new and varying...

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Industrious Opens 2nd Charlotte Location
News 17 hours ago
Industrious Opens 2nd Charlotte Location
Source CP Executive

Asana Partners has welcomed Industrious at 436 E. 36th St., a recently renovated and converted property in Charlotte, N. C. The coworking space...

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Stan Johnson Facilitates $3M Sale in Tampa Area
News 19 hours ago
Stan Johnson Facilitates $3M Sale in Tampa Area
Source CP Executive

Paradise Ventures Inc./Paradise Development Group has sold a 9,276-square-foot retail property in Bradenton, Fla., for $3 million to a foreign...

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2018 property tax extensions increase for most school districts in McHenry County
News 21 hours ago
2018 property tax extensions increase for most school districts in McHenry County

For the 2018 tax year, a majority of McHenry County taxing bodies are slated to receive a boost in property tax revenue compared with 2017. School...

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Liquidity Abounds for Student Housing Financing
News 22 hours ago
Liquidity Abounds for Student Housing Financing

HOUSTON-A $92 million three-year floating-rate loan recently went toward a three-property 1,653-bed student housing portfolio spread across assets...

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News 23 hours ago
Dressbarn latest in nationwide retail store closure wave

Dressbarn has announced that it will close all of its about 650 store nationwide, meaning thousands could be out of a job. More and more retailers...

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Abraham Brach, Parkview Management land $50M loan for Williamsburg condo project
News 1 day ago
Abraham Brach, Parkview Management land $50M loan for Williamsburg condo project

Madison Realty Capital has provided a $50 million mortgage for a condominium project in Brooklyn's Broadway Triangle, the firm announced on...

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Do CEOs really make 100 times more than employees? They do at these companies
News 1 day ago
Do CEOs really make 100 times more than employees? They do at these companies

Last year, The Walt Disney Co. Chairman and CEO Robert A. Iger took home a paycheck that was anything but Mickey Mouse. Iger's total compensation...

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Lowe’s Cuts Outlook as Profit Gets Squeezed
News 1 day ago
Lowe’s Cuts Outlook as Profit Gets Squeezed

Home Depot Inc. in sales growth for the first time since 2016, but margins declined more than expected and the home-improvement retailer trimmed...

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CBRE brokers $21 million retail center sale
News 1 day ago
CBRE brokers $21 million retail center sale

OAKBROOK TERRACE - Located in a popular trade area, 22nd Street Plaza is 100 percent leased to retailers such as Home Depot, Party City and Big...

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Director, Business Development

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