ROCKVILLE, MD-After the renovations are complete, the asking rate for the property will be $24.74 per square foot, full service. The 110,000-square foot, three-story property has been struggling for the last few years.

WASHINGTON, DC-CalPERS responded with stronger internal controls and a push to implement a beefier law in California. Current CalPERS CEO Anne Stausboll (shown) and board president Rob Feckner lauded the SEC action.

WASHINGTON, DC-The negative 1.6-million-square-foot absorption rate for the District is its lowest since Q4 2002.

WASHINGTON, DC-The State Service Organization secured a cash concession from the landlord to be used through the 15-year term, and sub-tenants stand to gain by the savings.

BETHESDA, MD—Condo reservations for the Darcy have been moving briskly, Douglas M. Firstenberg tells GlobeSt.com’s Erika Morphy.

ALEXANDRIA, VA-The Helicopter Association International has been eying 1920 Ballenger Ave. ever since LCOR began building it, CBRE’s Ed Clark tells GlobeSt.com’s Erika Morphy.

McLEAN, VA-Freddie Mac purchased more than $20 billion in loans last year, consisting of 321,000 rental units and resulting in about $14 billion in mortgage securitizations.

BETHESDA, MD-The REIT acquired the Hotel Palomar for $143.8 million. CEO Michael D. Barnello says the deal is one of the reasons for its stronger-than-expected Q1 earnings.