News
Economy Watch: REIT Investors Spooked by Jobs Report. Should They Be?
Investors know that it takes time for the benefits of higher employment to filter through to real estate.
Economy Watch Weekly: Good Jobs Numbers = Good Real Estate
Economy writer Dees Stribling offers his weekly roundup of indicators for the week ended Feb. 6, 2015.
Inova Health to Utilize ExxonMobil Fairfax Campus
ExxonMobil has a 117-acre corporate campus to spare and now it has found a use for the Fairfax, Va., property.
Akridge, RTC JV to Build Tall in DC Suburb
The DC market might be going through tough times right now, but an Akridge and RTC Partnership JV is up for the challenge.
JBG Sells Reston International Center to American Real Estate-Square Mile JV
The 15-story office tower known as the Reston International Center is now under new ownership. American Real Estate Partners purchased the property in a joint venture with funds managed by New York-based Square Mile Capital Management LLC. The sale price was $35 million.
Chinese Developer Sets Footprint in San Francisco
Oceanwide Holdings has gotten on the TransBay bandwagon with a mixed-use purchase.
Emergent BioSolutions to Expand Baltimore Manufacturing Facility, Create 158 New Jobs
Emergent BioSolutions is expanding one of its two Baltimore manufacturing facilities. And the state of Maryland is helping the biopharmaceutical company with a $2 million conditional loan from the Department of Business and Economic Development’s Maryland Economic Development Assistance Authority and Fund.
Economy Watch: The Long-Term Loss of Retail Jobs
Retail hiring hasn’t been a part of the recovery.
Boston Properties, Home Properties Reduce D.C.-Area Apartment Portfolios
Investors continue to show a lot of interest in the Washington, D.C. apartment market. Last week, it was revealed that three more apartment communities in the area have changed hands this winter or are under contract to change hands.
CBRE Closes $9M Sale of Kennebec Distribution Center to Meritex
CBRE has recently announced the sale of Kennebec Distribution Center in Eagan, Minnesota, to Minneapolis-based Meritex Enterprises, Inc., at a cost of $9.2 million.
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