Local News

Carr Properties Breaks Ground on $135M DC Project
News 6 days ago
Carr Properties Breaks Ground on $135M DC Project
Source CP Executive

Carr Properties recently broke ground on Signal House, a trophy office development in Washington, D. C. The speculative project will add a new...

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Exclusive: Freddie Mac reshuffling Northern Virginia footprint
News 6 days ago
Exclusive: Freddie Mac reshuffling Northern Virginia footprint

Freddie Mac has reached a deal to expand its headquarters footprint in Tysons, adding to an already substantial presence in the Fairfax County...

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Chatham Lodging Trust Sells Two Western PA Hotels That ‘Had a Good Run’
News 6 days ago
Chatham Lodging Trust Sells Two Western PA Hotels That ‘Had a Good Run’

ALTOONA, PA-After acquiring the hotels almost nine years ago, West Palm Beach, FL-based Chatham Lodging Trust has sold the 105-room Courtyard by...

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I.M. Pei is dead at 102. Have a look at some of the architect's D.C. works.
News 1 week ago
I.M. Pei is dead at 102. Have a look at some of the architect's D.C. works.

I. M. Pei, the world-renowned Chinese-born American architect who is perhaps best known for designing the East Building of the National Gallery of...

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From Struggling to Standout: How This Executive Director Turned Around an MBK Community
News 1 week ago
From Struggling to Standout: How This Executive Director Turned Around an MBK Community

Ask the C-suite at any senior living provider to pinpoint the success of their operations and they will likely say it starts with a good executive...

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Legendary Architect I.M. Pei Has Passed Away, Aged 102
Blog 1 week ago
Legendary Architect I.M. Pei Has Passed Away, Aged 102

Chinese American architect I.M Pei passed away last night at the age of 102. Pei’s extraordinary career spanned seven decades, and included the...

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Washington ranks No. 1 in US News Best States rankings
News 1 week ago
Washington ranks No. 1 in US News Best States rankings

We're No. 1. At least according to U. S. News & World Report, which placed Washington atop its 2019 Best States rankings released this week. The...

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New developer expected to take over D'Angelo Farms construction
Blog 1 week ago
New developer expected to take over D'Angelo Farms construction

DUMONT - Garden Homes, a prolific builder of apartment complexes and commercial real estate projects throughout the tri-state region, is expected...

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Almost $3B in Washington state HFA mortgage servicing rights for sale
News 1 week ago
Almost $3B in Washington state HFA mortgage servicing rights for sale

An institution that services housing finance authority loans is putting $2.65 billion in servicing rights from Washington state up for bid through...

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Amazon reveals plans for the first phase of its Crystal City headquarters
Blog 1 week ago
Amazon reveals plans for the first phase of its Crystal City headquarters
Source Curbed - D.C.

The tech giant and developer JBG Smith want to build two 22-story office towers Amazon has filed development plans with Arlington County, Virginia...

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The McMillan redevelopment's backers just picked up a win in court. But plenty of hurdles remain.
News 1 week ago
The McMillan redevelopment's backers just picked up a win in court. But plenty of hurdles remain.

The backers of one of the District's most challenged development efforts just picked up a victory in court. A three-judge panel of the D. C. Court...

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Morehouse talks details of former Civic Arena site development
News 1 week ago
Morehouse talks details of former Civic Arena site development

"Put yourself in the headspace," Vaki Mawema, of architecture firm Gensler, said. People walk to the downtown office towers they work in and stop...

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What’s Ahead for Electricity Prices This Summer
News 1 week ago
What’s Ahead for Electricity Prices This Summer
Source CP Executive

For commercial real estate operators, the news about electricity costs during the next several quarters may well depend largely on the location of...

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Barclays Provides $21M CMBS Refi for DC Office Building
News 1 week ago
Barclays Provides $21M CMBS Refi for DC Office Building

Brickman has landed a $21 million refinance for its office property at 4201 Connecticut Avenue in Washington, D. C., Commercial Observer has...

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Viewpoint: D.C. needs 36,000 new housing units. This is my plan to get us there.
News 1 week ago
Viewpoint: D.C. needs 36,000 new housing units. This is my plan to get us there.

By 2025, Washington, D. C., needs to add 36,000 new units of housing. Our city's population is the highest it has been in four decades. Amazon is...

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Columbia Heights Has it All
Blog 1 week ago
Columbia Heights Has it All

With a large park, a mix of housing, restaurants and retailers, Columbia Heights has it all. This trendy neighborhood has changed substantially...

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Starwood Acquires Office Tower Next to Amazon HQ2 With $99M Loan
News 1 week ago
Starwood Acquires Office Tower Next to Amazon HQ2 With $99M Loan

Starwood Capital Group has purchased Presidential Tower—a Class-A office property located two blocks from the Amazon HQ2 campus in Arlington, Va.,...

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There are Many Barriers to Affordability
News 1 week ago
There are Many Barriers to Affordability

Most people refer to any housing developed for residents earning less than a certain percentage of Area Median Income (AMI) as "affordable" housing...

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A Look at Amazon’s New Offices in Northern Virginia
Blog 1 week ago
A Look at Amazon’s New Offices in Northern Virginia
Source Urban Turf

As it begins moving into Northern Virginia, Amazon has submitted a development proposal for one of the sites the company purchased from JBG Smith....

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Penzance releases new information on The Highlands in Rosslyn
News 1 week ago
Penzance releases new information on The Highlands in Rosslyn

It was only a couple of years ago that Washington Business Journal employees were chasing cockroaches out of their Rosslyn office at 1555 Wilson...

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News 1 week ago
NMHC Unveils Housing Affordability Toolkit to Help Guide the Affordability Solutions Discussion

Washington, D. C. - The National Multifamily Housing Council (NMHC) announced the release of an all-new Housing Affordability Toolkit, which is...

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‘Bring Your Own Device’ Policies Push Tenants, Owners Toward In-Building Wireless
News 1 week ago
‘Bring Your Own Device’ Policies Push Tenants, Owners Toward In-Building Wireless

'Bring Your Own Device' Policies Push Tenants, Owners Toward In-Building Wireless As technology has come to define productivity, companies have...

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Rent the Runway brews up brand awareness with Compass Coffee promotion
News 1 week ago
Rent the Runway brews up brand awareness with Compass Coffee promotion
Source Retail Dive

WASHINGTON, D. C. - Colorful balloons, Rent the Runway window decals, a free cup of coffee and a pink interior are what await customers who happen...

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Coming to Wisconsin and Prospect Ave, NW in 2021
Blog 1 week ago
Coming to Wisconsin and Prospect Ave, NW in 2021

rendering courtesy McInturff Architects From a press release: “EastBanc, Inc., in partnership with Acadia Realty Trust and the current property...

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Pre-Market Source: May 16
Blog 1 week ago
Pre-Market Source: May 16

Every week the Eli Residential Group scours our network for off-market and pre-market homes to give home buyers and investors access to properties...

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Listen To Bisnow's 'Let's Have A Drink' With Bozzuto Group CEO Toby Bozzuto
News 1 week ago
Listen To Bisnow's 'Let's Have A Drink' With Bozzuto Group CEO Toby Bozzuto

Bisnow has a new podcast series, "Let's Have A Drink," where we sit down with the personalities who shape Washington, D. C., real estate - one of...

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May 2019 Economic and Commercial Trends & Outlook
News 1 week ago
May 2019 Economic and Commercial Trends & Outlook

These presentation slides are from Lawrence Yun's talk at the Commercial Real Estate Economic Issues and Trends Forum at the REALTORS® Legislative...

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Impact of Amazon HQ2
News 1 week ago
Impact of Amazon HQ2

These presentation slides are from Brian Ball's talk at the Commercial Real Estate Economic Issues and Trends Forum at the REALTORS® Legislative...

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Amazon Unveils Rendering, New Details For First Phase Of HQ2 Project
News 1 week ago
Amazon Unveils Rendering, New Details For First Phase Of HQ2 Project

The first phase of new development at Amazon HQ2 is beginning to take shape. Amazon, in a blog post Thursday, released a rendering and description...

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Rubenstein, Griffith Properties Sign Freddie Mac to 150,000 SF Office Lease in Metro D.C.
News 1 week ago
Rubenstein, Griffith Properties Sign Freddie Mac to 150,000 SF Office Lease in Metro D.C.

Centerstone at Tysons is located near two stops along the Washington Metropolitan Area Transit Authority (WAMTA), Interstate 495 and several retail...

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National News

A glance at US mortgage rates down slightly this week
News 5 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 8 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 11 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 11 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 12 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 12 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 12 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 12 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 12 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 13 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 13 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 13 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 15 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 15 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 15 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 15 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 15 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 15 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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Multifamily developers’ confidence falters for third consecutive quarter
News 15 hours ago
Multifamily developers’ confidence falters for third consecutive quarter
Source HousingWire

Multifamily developers' confidence weakened further in the first quarter of 2019, according to the National Association of Home Builders. According...

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CBRE brokers $21M sale of Oakbrook Terrace shopping center
News 16 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 18 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 18 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 20 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 21 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 23 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 1 day 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 1 day 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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Director, Business Development

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