Local News
Leaping Toward Asset Transparency
A new rent-roll reporting standard promises to improve underwriting and commercial real estate investment management
RealNex signs Agreement with CCIM Technologies to Deploy and Deliver Leading PropTech Solutions
CCIM Technologies subscribes to RealNex MarketEdge, for their 13,000+ Premium Subscribers and will deploy RealNex’s MP Exchange, a hosted...
2019 Office Completions: 52% Increase Over Last Year
Key Takeaways: Over 115 million square-feet of office space across the top 40 markets is coming in 2019—a 52% increase over 2018. NYC will add...
Outstanding Voices: Barb Wilson, Vulcan (Video)
RELOAD YOUR SCREEN OR TRY SELECTING A DIFFERENT VIDEO Barb Wilson, director of government affairs at Vulcan Inc., is one of the Puget Sound...
Cities’ push for a ‘tech corridor’ may be ending
Sign in to use the "My Favorites" feature. Connect with us on: WASHINGTON - June 3, 2019 - In the tech world, most believe that the key to success...
Lincoln Property Co., Pearlmark aim to revive historic D.C. bank building
Chatter from power lunches and happy hours could soon be heard emanating from a prominent street corner in downtown D. C. that has sat dormant for...
Plymouth Housing prepares 93 units
Welcome, sign in or click here to subscribe. Developer Barrientos Ryan and owner Washington Holdings are well underway on their nearly full-block...
Sutapa Basu is building villages of women
Sutapa Basu grew up in India. Hers was the first generation born free of British rule, and Indian society emphasized education. But sons were...
D.C. Awarded Millions To Low-Ranked Affordable Housing Projects, Auditor Finds
It’s one of the biggest pots of money in D.C.—$100 million a year to help build and preserve affordable housing in an increasingly expensive city....
Aperiomics lands deal for new HQ
Aperiomics Inc., a Northern Virginia biotech with a test to diagnose mysterious chronic infections, is relocating its corporate headquarters within...
Cushman & Wakefield Sees Co-Living Tipping Point
Major co-living operators currently have more than 4,000 beds, plus well over 9,300 beds in the pipeline, according to a new report by Cushman &...
The Line D.C. makes threats after D.C. Council moves to revoke tax abatement
The Line in Adams Morgan has always maintained it has met all of its requirements for a D. C. tax abatement. Owners of the Line D.C. hotel in Adams...
The Line D.C. threatens cuts after D.C. Council moves to revoke tax abatement
Owners of the Line D. C. hotel in Adams Morgan are ramping up their rhetoric as they continue to fight to save their $46 million tax abatement. The...
Aria Delivers U Street Corridor Apartment Building
WASHINGTON, DC-Aria Development Group has delivered a 156-unit apartment building in the U Street Corridor called The Clifton. The location is...
MedAmerica to Merge With Broad Street
MedAmerica Properties Inc., which had operated as railroad support services company Banyan Rail Services Inc. before changing its name and shifting...
EJF, Donatelli, Blue Skye Developing $95M Multifamily Project Within D.C. Opportunity Zone
WASHINGTON, D. C. - EJF Capital, Donatelli Development and Blue Skye Development are developing a $95 million, 262-unit mixed-income housing...
NMHC is Proud to Sponsor and Participate in HUD Innovative Housing Showcase
Washington, D. C. - NMHC is proud to sponsor and participate in HUD's Innovative Housing Showcase. The Showcase, presented by the Department of...
Week of June 3, 2019
Both the House and Senate are in session this week. What issues should REALTORS® follow? Leveraged Lending Risks; and Patent Eligibility. The...
Warehouse Execution Systems (WES) Evolves Beyond “inside the four walls”
Warehouse Execution Systems (WES) Evolves Beyond "inside the four walls" Warehouse execution system (WES) software is becoming more important to...
MidCity Closes Opportunity Zone Financing, Gets Zoning Approval For Northeast D.C. Project
MidCity's plans for an apartment building next to its massive RIA project are moving forward. The developer last week received Board of Zoning...
23 New Restaurants To Try In D.C. This Summer
The explosion of D.C.'s dining scene has not slowed down, with new restaurants opening every week across the District and its surrounding suburbs....
From Beginning to End, 365 Units and a Public Park Proposed for Shaw
A major residential development has been proposeed one block from Mt. Vernon Square Metro station. Mid-City Financial has plans to replace the...
SHAG Keeps Rates in Check with 'Independent Living Light' Model
If the senior housing industry wants to better address the ongoing affordability conundrum, it might consider borrowing some ideas from SHAG. That...
Coming Soon: A First Look at Perla's Luxe Interiors
Perla, Shaw's newest luxury condominium, has garnered a lot of attention since debuting in April. With the sales gallery now open and the property...
Does 'East Of The River' Need A New Name?
Is it time to rebrand “East of the River”? That was the central question of a community meeting in Fairlawn on Wednesday evening, where D.C....
EJF Capital, Donatelli Plan $95M Opportunity Zone Project
Click here to register and view the agenda. ARLINGTON, VA-EJF Capital, Donatelli Development and Blue Skye Development are developing a $95 million...
German grocer Lidl to open store east of the Anacostia River at Skyland development
The planned store would bring greater food access to an underserved part of D.C. What once would have been an American superstore—Walmart—is now...
Developers may see more incentives for office and co-living on Miami Beach's Washington Avenue
550 Washington Avenue and 1235 Washington Avenue (Credit: Google Maps) Having already found success luring new hotel and retail development on...
Spaces Signs On For 50K SF Coworking Space At The Boro
The Boro development team has landed a deal for its first coworking space at the Tysons megaproject. The Meridian Group announced Thursday...
EJF Capital Invests In Donatelli's Project In Hill East Opportunity Zone
A development less than 2 miles east of the U. S. Capitol is benefiting from the federal government's opportunity zone program with a new...
Today's Rental was chosen because of the stock photography
This rental is located at 3930 Georgia Avenue, NW. The Craigslist ad says: “$2650 / 2br – 790ft2 – 2BD, Daytime Parking Available, Capitol Cider...
Pre-Market Source: May 30
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...
National News
It's a 50% off SALE-abration at 99 Cents Only Stores!
CITY OF COMMERCE, Calif., June 19, 2019 /PRNewswire/ -- The 99 Cents Only Stores is having a sale-abration! All items priced $4.99 and up will be...
Walker & Dunlop
BETHESDA, Md., June 19, 2019 /PRNewswire/ --, Inc. announced today that it structured $40,625,000 in financing across four loans for Keahumoa Place...
Second Century Ventures REACH® Accelerator Program Expands Worldwide
WASHINGTON, June 19, 2019 /PRNewswire/ -- Second Century Ventures, the National Association of Realtors®' strategic investment arm, will expand the...
Hawaii Affordable Housing Development Receives $41 Million in Financing via Walker & Dunlop
Led by Kyle Peterson and Michael Liefer, Walker & Dunlop structured the financing through Freddie Mac's Tax-Exempt Loan (TEL) and Unfunded Forward...
Nationwide regional HQ, first piece of massive Valley project, heads to Council vote
More details are emerging about Nationwide Mutual Insurance Co.'s regional headquarters, the first development in the insurance giant's Cavasson...
Nationwide regional headquarters to be first piece of massive Scottsdale project
More details are emerging about Nationwide Mutual Insurance Co.'s regional headquarters, the first development in the insurance giant's Cavasson...
Lower Rates Raise All Boats
There's an old saying about asking four experts their opinion and getting five different answers. That old saw could be applied to economists...
Hotel Unicorn Oyo Plots $300 Million Push into the U.S. Market
Oyo, which opened its first U.S. hotel at the beginning of the year, plans to invest $300 million to expand in the country, Chief Executive Officer...
Smart Buildings Will Upend the Tenant Experience at SFR and Multifamily Properties, IMN Panelists Say
Technology is set to overhaul the tenant experience at single-family rental (SFR) and multifamily properties, according to a panel held at the IMN...
10 Must Reads for the CRE Industry Today (June 19, 2019)
St. Petersburg, Fla. is becoming a hipster hotspot, according to the Dallas Morning News. Forbes offers tips for investing in multifamily...
UIP Secures JV Equity Financing For NoMa Condo
WASHINGTON, DC-Urban Investment Partners has secured joint venture equity financing for a condo development in the NoMa submarket called The...
Mortgage application volume down, but refi activity remained high: MBA
Mortgage applications decreased by 3.4% this week, although refinance activity remained close to its 2019 high point, according to the Mortgage...
Mattress Firm makes up with Tempur Sealy, to carry Tempur-Pedic beds
Mattress Firm and Tempur Sealy, longtime business partners engaged in a bitter breakup over the past two years, have reconciled their differences...
San Antonio firm buys 444-unit Jax apartment complex for $35.1M
Lynd Opportunity Partners, a San Antonio, Texas-based real estate investment firm, has acquired a 444-unit multifamily community in Jacksonville...
RealNex signs Agreement with CCIM Technologies to Deploy and Deliver Leading PropTech Solutions
CCIM Technologies subscribes to RealNex MarketEdge, for their 13,000+ Premium Subscribers and will deploy RealNex’s MP Exchange, a hosted...
How Contractor Management Systems Can Replace Timesheets
Both small and multi-national businesses today are thriving beyond anything seen in the decades preceding the global financial crisis. With that,...
Real estate: post-crisis boom draws to a close
Editor's note: This story is available as a result of a content partnership with the Financial Times. Subscribers will see stories like this every...
Weekly mortgage applications fall as rates rise, volume remains much higher than last year
Mortgage application volume wasn't as stellar as it was last week as rates climbed slightly, but it was still up across the board on an annual...
MBA: Uptick in mortgage rates slows purchase application growth
A recent uptick in mortgage rates resulted in purchase applications declining slightly, according to the Mortgage Bankers Association. On an...
Opportunity Zones Investing Is “Like Sex in High School
NEW YORK CITY-With the Treasury Department releasing the second tranche of Opportunity Zone guidance in April, what's happening with investments in...
Google to Invest $1B in Silicon Valley Housing
Google has announced a $1 billion commitment to address the housing shortage in its backyard. The company plans to invest this money over the next...
KeyBank Advises: Look Before Leaping Into Opportunity Zones
BOISE, ID-The time is ripe for entrants with capital gains burning a hole in their pockets to invest in Opportunity Zones, the government-created...
Why CRE Companies Are Finally Adopting Technology
Because of the nuance and data-centric nature of this business, tailoring technology is imperative to commercial real estate companies. Why CRE...
Common Areas Launches Real Estate Industry’s First Configurable Operations Platform
Platform sets new standard in creating digitally-connected business by uniting people, properties and processes Tustin, CA (February 26, 2019)...
Kushner-Backed Real Estate Startup Loses Another Top Executive
Tom Stults, a managing director for investments, left in recent weeks, according to people familiar with the matter, who requested anonymity....
Standard Motor Products Announces Return of its 'Shop Team Selfie' Challenge
NEW YORK, June 18, 2019 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) announces the return of its SMP 'Shop Team Selfie' Challenge. Running...
Connected Real Estate Magazine Releases Latest Issue
Fifth Gen Media released the latest digital issue of its flagship publication, Connected Real Estate Magazine, this week. The print edition is...
Cat Food or Technology
A few months ago my son left Minneapolis for a great career opportunity in Austin, which was okay, but he had a German Shepard and a cat. Well, to...
Courtyard by Marriott in Virginia Sells for $20M
Excel Group has acquired Courtyard by Marriott Springfield, a 191-key hotel in Springfield, Va., for $20.2 million, according to Fairfax County...
Most Popular
Pizza analogy explains why regulation won't solve housing crisis
To the editor: The recent spate of legislation in Albany ("New York rent revamp sends shock waves") won't solve the underlying issues: 1) New York...
Skender wraps up 14-story Hyatt House Hotel, a Fulton Market development by Sterling Bay
Skender, serving as base building and interior construction manager, has completed construction of Chicago's first Hyatt House extended-stay hotel,...
Midwest Commercial Hall of Famers share insights at Michigan CCIM event
More than 75 of metropolitan Detroit's top real estate professionals attended CCIM - Michigan Chapter's Lunch and Learn Hall of Fame Brokers panel...
Q&A: Dan McCaffery
The CHA selected McCaffery Interests and The Community Builders to develop the Southbridge project on the former site of the Harold Ickes Homes in...
Big Tech Reveals Smart Building Strategies
When designing a smart building, the user experience is paramount. That's the philosophy of Zorba Manolopoulos, global program manager in charge of...
Phoenix Office Building Commands $48M
DRA Advisors LLC has acquired Camelback Lakes, a 203,290-square-foot office building in Phoenix, Ariz., for $47.5 million. Cushman & Wakefield...
Sale Leasebacks Drive Up Supply in Net Lease Casual Dining Sector
Cap rates in the net lease casual dining sector increased to 6.32 percent representing a 27 basis point increase in the first quarter of 2019 when...
City landlords are offering fewer deals
The deals are getting less sweet for New York City apartment hunters. The share of new leases with concessions, such as a free month, fell in...
Local Events
Washington DC Opportunity Zones Summit
From HUD Secretary Ben Carson discussing the importance of Opportunity Zones for affordable housing, to executive representatives from UBS,...
Local Jobs
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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