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WASHINGTON, DC-The commercial real estate loan industry is showing great signs of health, according to the Mortgage Bankers Association. The organization's loan origination survey covering the first quarter of the year shows an increase in mortgage originations over the same period last year.
BETHESDA, MD-The wheels are in motion for First Potomac Realty Trust to acquire a mixed-use 14-property portfolio for $123 million. The real estate package involves seven flex properties, three industrial buildings, three office structures, and one retail site, accounting for a total of 1.4 million sf.
MCLEAN, VA-Ownership of American Center, a two-building, 330,000-sf office complex, changes hands in a $60.5 million deal. Equity Office acquired the property from a Morgan Stanley-advised entity, bringing its presence in the Tysons Corner submarket up to more than one million sf.
FAIRFAX, VA-The occupancy level at Redwood Plaza II rises to 100% with Pulte Homes' expansion of its space by 8,000 sf. The additional room leaves the homebuilder with a total of approximately 44,400 sf of space in the 66,000-sf building.
WASHINGTON, DC-A deal is in the works that would mark the biggest office lease signing of the year. Piper Rudnick LLP is in the midst of ironing out details for the leasing of 200,000-sf class A office building to be developed by Boston Properties.
ROCKVILLE, MD-New to the suburban Washington, DC office market, Florida-based Koger Equity Inc. taps real estate services firm Trammell Crow Co. to handle leasing at its three office properties in Rockville. The sites account for an aggregate 255,000 sf of space.
ELKRIDGE, MD-Developer Manekin LLC's Troy Hill Commerce Center makes room for a new occupant with the completion of a 30,000-sf facility to house Harley Davidson of Maryland. The new motorcycle shop is three times the size of the former locale, also in Elkridge.
GAITHERSBURG, MD-A research property hits the market and brings in $25.6 million. Formerly the home of a Novartis subsidiary, the four-year-old facility, which sits in a biosciences rich area of the city, is currently vacant and features 88,000 sf of office and state-of-the-art lab space.
WASHINGTON, DC-Presidential candidates take note; following healthcare and employment, affordable housing is the third largest issue of concern among voters, a recent survey released by the National Association of Realtors concludes.
VIRGINIA BEACH, VA-A $12 million financing deal is put in place for Ridgewood Club Apartments, a 192-unit multifamily property in the Hampton Roads area. The funding, arranged by GMAC Commercial Mortgage Corp., comes in the form of a fixed-rate permanent acquisition loan.
From Placer.ai
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Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Building Engines
Commercial property teams are navigating changing times where technology plays a crucial role in operations, tenant satisfaction, and sustainability. This report, based on insights from 370 industry professionals, reveals the biggest priorities, challenges, and opportunities for CRE technology adoption in 2025. Don’t miss it.
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource