WASHINGTON, DC-The government wheels continue to grind even as the fiscal cliff approaches.

WASHINGTON, DC-Cassidy Turley makes no bones about it-–there is a recession ahead for the market if the government cannot get its act together.

WASHINGTON, DC-BRAC is squeezing Northern Virginia in different ways, Cushman & Wakefield finds.

WASHINGTON, DC-Alony Hetz has signed a term sheet with JP Morgan Chase Bank's Special Situation Property Fund to invest in the company.

WASHINGTON, DC-Local officials are expecting a relatively paltry 600,000 to 800,000 visitors to the nation's Capitol on Jan. 21.

WASHINGTON, DC-Chief among these deals is the $86.4 million trade of 2175 K St., NW.

WASHINGTON, DC—The FDIC has published the final rules for the stress testing required by the Dodd-Frank Act. For institutions with assets greater than $50 billion, the law goes into force this year. Institutions with assets between $10 billion and $50 billion can wait until October 2013. The FDIC board also approved a final rule that amends the definitions used to identify concentrations in higher-risk assets to better reflect the risk posed to institutions and the FDIC.

BEIJING—Locally based Harvest Fund Management, China's second largest fund manager at about $37 billion in assets under management, is launching a JV with Grosvenor Fund Management. The newly launched Harvest Real Estate Investments is intended to help domestic and international investors locate real estate opportunities across the major sectors in Greater China.