The Middle Market Digest: The Mid-Atlantic

2833 Georgia Ave NW

NEWS & NOTABLES

TYSONS, VA–JLL’s Managing Director Harry Klaff was named the 2017-2018 Chair of the Board of Directors for the Northern Virginia Chamber of Commerce. Formerly the Fairfax County Chamber of Commerce, the Northern Virginia Chamber of Commerce represents more than 500,000 local employees.

Klaff is a thirty-year veteran tenant representation broker at JLL and has worked on more than $11 billion transactions in Northern Virginia throughout his career. Prior to his appointment as Chair of the Board of Directors, Klaff was a founding member of the Chamber’s Innovation Awards. “We changed our mission because our members wanted to have an organization that addresses these issues at the highest level,” Klaff said. “As we continue to grow and remain competitive, we need to listen, engage, advocate and promote. I am up for the challenge.”

WASHINGTON, DC–Revitalized, walkable neighborhoods with desirable retail have enhanced multifamily rents throughout the region, according to a JLL analysis of multifamily rents and rent premiums in the 14th Street Corridor in the District, Bethesda Row in Maryland and the Mosaic in Northern Virginia. It found that multifamily buildings in and along these areas maintain rent premiums of 15 to 20% above the regional Class A multifamily market.