MCLEAN, VA-Common shareholders at Capital Automotive REIT sign off on plans for a merger valued at $3.4 billion. The deal will make Capital Automotive a wholly owned subsidiary of Flag Fund V LLC, one of the three other companies involved in the merger.

MCLEAN, VA-Common shareholders at Capital Automotive REIT sign off on plans for a merger valued at $3.4 billion. The deal will make Capital Automotive a wholly-owned subsidiary of Flag Fund V LLC, one of the three other companies involved in the merger.

WASHINGTON, DC-A report by the National Low Income Housing Coalition reveals that individuals in the US must now earn an average of at least $15.78 an hour--a sum far higher than the federal minimum wage--in order to fully finance rent and utilities for a market-rate apartment.

HERNDON, VA-WRIT snaps up a parcel just over five acres for $24.7 million for the development of a 540,000-sf office and ancillary retail project. The first phase of the endeavor will yield a 179,000-sf building.

BALTIMORE-The renovation of a 190-unit apartment property is ultimately financed through an $11.5-million refinancing deal. The newly closed transaction allows the borrower to refinance an existing bridge loan and return investor equity.

WASHINGTON, DC-The office facility at 1801 K St. NW in the city's central business district sells for $250 million. The new owner of the 562,300-sf building plans to submit the three-decade-old property to a comprehensive renovation that will cost an estimated $50 million.

WASHINGTON, DC-The office facility at 1801 K St. NW in the city's central business district sells for $250 million. The new owner of the 562,300-sf building plans to submit the three-decade-old property to a comprehensive renovation that will cost an estimated $50 million.

WASHINGTON, DC-The office facility at 1801 K St. NW in the city's central business district sells for $250 million. The new owner of the 562,300-sf building plans to submit the three-decade-old property to a comprehensive renovation that will cost an estimated $50 million.