Vinay Goel will be marshalling JLL's tech resources to developing new products in his role as Chief Digital Product Officer.

The New York-based firm is financing the property through Freddie Mac, whose debt was secured by HFF.

LaSalle informed regulators that Pebblebrook bought its stock after it was provided with material nonpublic information.

Its first fund for this asset class also exceeded $1 billion when it closed in 2013.

Meanwhile, the vacancy rate in the District rose to 14% in Q2 -- an increase of 170 basis points (bps) year over year and the city's highest vacancy rate since 2014.

The acquired timberlands are projected to grow from the current 2.8 million tons of annual harvest volume to more than five million tons by 2028.

Collateralized loan obligations -- the erstwhile CDOs -- have re-emerged and are adding more liquidity for borrowers seeking flexible and bridge loans.

It paid $82.5 million for the site or $589,000 per acre.