Washington D.C.
Transwestern’s Management Portfolio Increases by 1.6 MSF with Sumitomo Deal
Transwestern has increased its management responsibilities by approximately 1.6 million square feet after being chosen by Sumitomo to act as exclusive property manager.
Anacostia RiverFront Gets More Apartments; Clint Eastwood Raises Funds for Police Museum
By Veronica Grecu, Associate Editor
Patriot Transportation Holding Inc., which owns the Florida Rock site in Washington, D.C., plans to form a joint venture with MidAtlantic Realty Partners L.L.C. to develop the first phase of the mixed-use RiverFront project on the […]
Chatham Adds Five Hotels to Portfolio in Part of $1.3B Deal
Chatham has completed the first step of its multi-faceted, $1.3 billion expansion plan with the acquisition of five Innkeepers hotels totaling 764 rooms for an aggregate $195 million.
Howard University to Expand Housing Facilities; LEED Gold Offices for TMG
By Veronica Grecu, Associate Editor
Howard University may be forced to upgrade its housing to stay competitive in the D.C. marketplace. The university’s residence halls are currently able to accommodate less than 50 percent of its enrolled students, while competing schools […]
Exclusive: Fannie, Freddie Reform Moving at Sluggish Pace
The focus in Congress for the moment might be the debt ceiling, but not too far in the background the effort to reform Fannie Mae and Freddie Mac chugs along–though not necessarily at a rapid pace.
Mixed-Use Property Trades; H Street Reconstruction Project Reaches Completion
By Veronica Grecu, Associate Editor
UDR Inc. made headlines last week with the purchase of View 14, a mixed-use property located at 2303 14th St., N.W., in the Uptown submarket of Washington, D.C. The big national REIT paid a historic $104 million, […]
Office Prices Escalate as Vacancies Fall, Rents Rise
By Veronica Grecu, Associate Editor
Office prices in the Washington, D.C., area rose as a result of low vacancy rates and increased rents in the first quarter of 2011, according to Reuters. The District is also attracting global investors striving to […]
Sabey to Build Data Center
The developer and operator has purchased 38 acres of land for the 490,000-square-foot project in the Dulles Technology Corridor, approximately 30 miles northwest of Washington, D.C.
Is Sears Considering Relocation to Washington Area?
By Veronica Grecu, Associate Editor
Sears Holding Corp. is seeking a new corporate headquarters location, and Washington, D.C., might be on the list, according to sources quoted by The Washington Post, which said the nation’s capital is attractive because of its favorable […]
Apartment Development Spree Could Drive Up Rents–or Lead to Overbuilding
By Veronica Grecu, Associate Editor
A recent report from research firm Delta Associates observed that Washington, D.C., has been enjoying an amazing construction spree. According to the report, builders raised 4,400 new units in the District in the second half of […]