Washington, DC
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Fannie Mae to Market $2.2B Legacy CMBS
WASHINGTON, DC-The GSE is putting these securities on the market to comply with an FHFA directive to reduce its non-agency portfolio, Kimberly Johnson, Fannie Mae Senior Vice President of Multifamily Capital Markets, tells GlobeSt.com's Erika Morphy.
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C&W Nabs 1875 K St.
WASHINGTON, DC-This leasing assignment brings Cushman & Wakefield to 20.9 million square feet of managed and/or leased properties in the Washington DC area.
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Food Service Firm Signs 99,000-SF Renewal Deal
SAVAGE, MD- Maines Paper & Food Service, Inc. has renewed its nearly 100,000-square-foot lease at 8730 Bollman Place here. The deal, reported by Cushman & Wakefield, means that the food service distribution firm will continue to occupy the entire building.
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W&D Eyes Bridge Financing, Proprietary Funds
WASHINGTON, DC-Walker & Dunlop is bringing on board MetLife's Brian Casey to help develop these products, Willy Walker tells GlobeSt.com's Erika Morphy.
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WPC Expands Silver Spring Footprint with New Parcel
SILVER SPRING, MD-The company will be deciding within the next few months what it will do with it, Charles K. Nulsen III tells GlobeSt.com's Erika Morphy.
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Liberty Property Continues Industrial Spec Push
HANOVER, MD-Earlier this Spring Liberty's Lisa Sullivan told us that the REIT would be making another purchase in this submarket.
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Self-Storage Companies Post Great Results
CHICAGO—First-quarter growth increases calls from some to consider self-storage a separate and vital real estate sector.
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Bank Expands Space in Reston
RESTON, VA-Reston Town Center, that is—not the greater Reston area, Cresa's Rich Rhodes tells GlobeSt.com's Erika Morphy.
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First Potomac's Smith: Why We Exited Industrial
WASHINGTON, DC-It's official. First Potomac has exited the industrial asset class it with portfolio sale of $259 million to Blackrock and Corporate Office Property Trust. We speak with CIO Nicholas Smith about the reasons why.
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AFL-CIOs HIT Looks to Create 25,000 Construction Jobs
WASHINGTON, D.C.-GlobeSt.com’s Rayna Katz spoke with the organization’s COO about its ambitious plan to slash the unemployment rate.
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Capital One Reworks Headquarters Plan
TYSONS CORNER, VA-Capital One is seeking to obtain approval to enlarge its planned corporate headquarters building from 520,000 square feet to 800,000 square feet.
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DC Goes to ReCon to Market Walter Reed, St. E's
WASHINGTON, DC-The District is determined to stem the flow of shoppers that leave its borders to spend money in Virginia and Maryland.
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DoD Renews 558,187 SF Lease
CRYSTAL CITY, VA-The building is owned by Beacon Capital Partners. Observers expect the federal government to opt for renewals over new leases.
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MRP Realty Taps Fundrise for Shaw Project
WASHINGTON, DC-Fundrise is gaining momentum in the DC area, although it still is not available to Maryland residents.
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C&W Launches Legal Sector Benchmark Survey
WASHINGTON, DC-The survey will eventually yield invaluable data for law firms to make real estate decisions, Sherry Cushman tells GlobeSt.com's Erika Morphy.
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Now We Know: 14W Traded for $110M
WASHINGTON, DC-Simpson Property Group LP of Denver has acquired the recently built 14W apartment building for $110 million.
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CSC Looks to Reduce Real Estate Holdings by 1 Million SF
FALLS CHURCH, VA-Computer Sciences Corp. reports it cut its worldwide workforce by 8,000 workers during fiscal 2013 and intends to slash its real estate holdings by 1 million square feet by the end of next year.
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FASB, IASB Release Accounting Draft
WASHINGTON, DC-The commercial real estate community has been waiting for this new standard, hoping it might be more favorable than the first draft.
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Peterson Builds $30M Condos in Adams Morgan
WASHINGTON, DC-Units will start in the high $200,000s range, Stuart Prince tells GlobeSt.com's Erika Morphy.
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Three Major Tenants Ink Deals at Former Laurel Mall
LAUREL, MD-Greenberg Gibbons, the lead developer of the $130-million mixed-use Town Centre Laurel development here, announced that Harris Teeter, Sports Authority, Burlington Coat Factory and a Regal movie theater have signed leases at the project.
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