NEWS & NOTABLES

ROCKVILLE, MDFederal Realty InvestmentTrust has received the inaugural BestSustainability Program award from the NAIOP DC |MD Chapter. The award is given to an organization that“demonstrates a strong commitment to sustainable business practicesand solutions that contribute to environmental responsibility andeconomic success.”

RICHMOND, VAVirginia CommonwealthUniversity announced a $2.5 million gift from real estatedata firm CoStar Group to establish the CoStar GroupEndowed Chair in Real Estate Analytics in the VCU Schoolof Business. “In establishing the CoStar Group Endowed Chair inReal Estate Analytics, we aim to bring the intersection of big dataand real estate together to bring more transparency, velocity andefficiency to the global commercial real estate market,” saidAndrew C. Florance, founder and CEO of CoStar.

WASHINGTON, DCNAIOP DC/MD hasnamed 1101 Sixteenth Street as 2016's BestReal Estate Transaction. Akridge and Stars Investmentspartnered to acquire 1101 and 1111 Sixteenth Street, whichpreviously served as the site of the American Association ofUniversity Women and the American Beverage Association, and willcombine the two buildings into one 100,000-square-footbuilding.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.