Washington, DC
Poll: Readers Rip Obama Speech, Record
WASHINGTON, DC-Our poll shows only a third appreciated his latest State of the Union speech, and many think hes not doing enough for the economy or business expansion.
$26B Foreclosure Practice Settlement Closes
WASHINGTON, DC-The agreement between the federal government, state attorney generals and five major banks is one of the largest joint state-federal settlements in history.
WASHINGTON, DC-A forthcoming report from Delta Associates shows that distressed commercial real estate in the United States totaled $166.9 billion in January 2012, down $4.7 billion since October 2011.
Development Moves into High Gear in DC
WASHINGTON, DC-The Hoffman-Madison Waterfront team is moving forward with its $700-million project, and now the Trump Organization has been tapped to develop the Old Post Office Pavilion.
WASHINGTON, DC-Colony Capital LLC and a venture of Donald Trump's hotel company will redevelop the Old Post Office Building in Washington, DC, into a hotel.
WASHINGTON, DC-DSW, a shoe discount store, has leased 23,000 square feet of space at DC USA's Columbia Heights development.
REITs Come Out Swinging in 2012
WASHINGTON, DC-US REITs significantly outpaced the broader equity market last month, led by strong growth in the lodging sector.
January Housing Scorecard Underscores Market Fragility
WASHINGTON, DC-Expect at least another year of a lackluster housing market, Citadel Realtys Joel Ross tells GlobeSt.coms Erika Morphy.
States Balk at Signing $25B Foreclosure Pact
NEW YORK CITY-The 50 states still cant agree on agreement details, including right to sue for fraud and fair payouts, according to a story in the New York Post this morning.
WASHINGTON, DC-Citybizlist.com has reported that the capital markets group at Jones Lang LaSalle Inc. has arranged $28.45 million in permanent loan for the Massachusetts House Apartments.
Industry Veteran John Cannon Joins Freddie Mac
McLEAN, VA-As Senior Vice President, Production & Sales at Freddie Mac, Cannon will be able to put his extensive ties to work for the agency, David Brickman tells GlobeSt.coms Erika Morphy.
Unemployment Rate Falls to Three-Year Low
WASHINGTON, DC-The unemployment rate dropped to 8.3% in January, as some 243,000 jobs were added to the economy.
Law Firm Adds 33,000 SF in Lease Restructure
WASHINGTON, DC- Gibson, Dunn & Crutcher added 33,000 square feet, restructured its existing lease and extended it to more than 200,000 square feet, JLLs Elizabeth Cooper tells GlobeSt.coms Erika Morphy.
WASHINGTON, DC-JPI Multifamily Partners LLC, a Texas-based apartment developer, is selling three of its multifamily properties in the District.
WASHINGTON, DC-A soon-to-be-released survey by CoreNet Global and FPL Associates finds that corporate real estate execs are bringing more to the tableand being rewarded for it, CoreNets Richard Kadzis tells GlobeSt.coms Erika Morphy.
2099 Pennsylvania Pricing Reflects Larger Trends
WASHINGTON, DC-Word on the street has the trophy building trading at $750 per square footor $776 per square foot, depending on which square footage of the building you accept.
Paramount Group buys 2099 Pennsylvania Ave.
WASHINGTON, DC-Vico Capital bought the building in 2008 at one of the highest prices per square foot trades at the time.
WASHINGTON, DC-New York-based Paramount Group Inc. has purchased 2099 Pennsylvania Ave. NW from Vico Capital.
Louis G. Christopher Joins CBRE as Vice Chairman
WASHINGTON, DC-Cushman & Wakefields top producer in the DC area before he left, Christopher will focus on tenant representation on a local, national and global level.
CBRE: At $7.4B, Office Did Remarkably Well in 2011
WASHINGTON, DC-The CBRE report notes that surrounding areas also clocked in some excellent deals, such as the Goldman Sachs deal for the Monday Properties portfolio in Rosslyn, which accounted for $1.2 billion of the $3.1 billion in total volume.
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Events
Look out for the full 2012 RealShare Conference Series schedule--COMING SOON!
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Upcoming Conferences
Featured Event
RealShare APARTMENTS EAST
Multifamily's most influential and knowledgeable executives share their insights and outlooks for the marketplace at our upcoming first annual RealShare APARTMENTS EAST conference!
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Upcoming Conferences
New York, NY
Webinars
Charging the Hill: Commercial Real Estate and the 2012 Congressional Agenda
December 07
Critical issues impacting commercial real estate are coming up on the 2012 Congressional calendar, and their outcome collectively will impact all practitioners in this space. Top executives who know their way around Capitol Hill will share their thoughts on the direction this industry could take at the hands of our elected officials.
Upcoming Webinars
Featured Event
Protect Your Portfolio From Seismic Risk
This video webinar, presented by GlobeSt.com Thought Leader Partner Engineering and Science, Inc., will give commercial real estate investors a thorough overview of seismic Probable Maximum Loss Reports (PMLs). These reports are especially important for those investing in real estate in areas that are at risk for earthquake damage.
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WASHINGTON, DC-A forthcoming report from Delta Associates shows that distressed commercial real estate in the United States totaled $166.9 billion in January 2012, down $4.7 billion since October 2011.





