Washington, DC

St. Regis Washington DC Gets $81M Refi

Erika Morphy | August 17, 2018

Al Rayyan Tourism Investment Co. refinanced three high-end hotels for a total of $503 million.

Marcus Partners Buys Jefferson Building

Erika Morphy | August 16, 2018

The boutique office building is located along “Restaurant Row” in the CBD.

UIP-Led Venture Buys Apartment In Cathedral Heights

Erika Morphy | August 15, 2018

Four Threes Tenant Association selected UIP to acquire and redevelop 3333 Wisconsin Ave., NW.

Maryland Apartment Community Trades For $70M

Erika Morphy | August 14, 2018

Bridge Investment Group is the buyer of the 399-unit Silver Spring apartment community.

Boston Properties May Have Buyer for CBD Office

Erika Morphy | August 13, 2018

A source tells us the 321,000-square foot building is trading at $140 million or $436 per square foot.

Dulles Greene Is Trading For $193M

Erika Morphy | August 13, 2018

The Harbor Group is buying the 31-building garden apartment complex for $239,454 per unit.

Duration Counts When Bidding For Single Family Rental Deals

Erika Morphy | August 13, 2018

Freddie Mac is very competitive with its ten-year offering in the affordable single-family rental home space.

Pop Up Store Opens In Rosslyn

Erika Morphy | August 10, 2018

The space, called “The Alcove,” was developed by the Rosslyn Business Improvement District and multiple local businesses including JBG SMITH and Streetsense.

CoreSite Gets Approval To Expand Reston Campus

Erika Morphy | August 09, 2018

It can now build an incremental 289,000 net rentable square feet for a total of 900,000 net rentable square feet of data center capacity.

Paramount to Sell 2099 Pennsylvania Ave. for $220M

Erika Morphy | August 08, 2018

The trophy office asset has traded twice in the last decade.

Freddie Mac Offers Cheap Mezz Loan In Exchange For Rent Caps

Erika Morphy | August 08, 2018

“This program allows the property owner to achieve the same returns via the workforce housing mezz loan as they would through a standard rent increase.”

Ground Breaks On The Wilson and The Elm This Week

Erika Morphy | August 07, 2018

The 937,000 square foot project will deliver in 2021.

What It Really Means When The Fed Says CRE Lending Standards Haven’t Changed

Erika Morphy | August 07, 2018

Since 2012, banks’ commercial and mortgage holdings have grown by 37.3% to $1.8 trillion, according to Yardi Matrix.

About Those New Restaurants In Georgetown

Erika Morphy | August 06, 2018

The price gap between Georgetown and more affordable corridors is beginning to narrow closer to 150%, according to JLL.

Waterton Buys Springfield MF In Portfolio Transaction

Erika Morphy | August 03, 2018

The seller is a partnership controlled by CBRE Global Investors.

Developers Look Four Years Down The Road For Tenants

Erika Morphy | August 02, 2018

Cushman & Wakefield’s Q2 report also reports that the current bright spot in the District is the CBD Class B market, which has tightened as space has been renovated into Class A.

WashREIT Launches Flex Space Program Aimed At Contractors

Erika Morphy | August 01, 2018

It is a portfolio-wide program that offers flexible leasing terms.

Global Holdings Closes $415M Washington Harbour Deal

Erika Morphy | July 31, 2018

Washington Harbour is one of only five institutional-quality office buildings located on the water in the District.

Brookfield to Acquire Forest City in $11.4B Transaction

Betsy Kim | July 31, 2018

Brookfield will acquire all shares of common stock of Forest City for $25.35 per share.

Broadtree Buys Local MF Holdings In $138M Portfolio Deal

Erika Morphy | July 31, 2018

Two of the three properties in the 633-unit portfolio are located in Baltimore.

Armada Hoffler Plans New $117M Project For Baltimore’s Inner Harbor

Erika Morphy | July 30, 2018

Wills Wharf will comprise over 325,000 square feet of class A office, retail, and hotel space.

JLL’s Michael Corso Joins C&W To Lead Industrial Asset Services

Erika Morphy | July 27, 2018

He will be the firm’s managing director, leading its Industrial Asset Services teams in the Mid-Atlantic.

Ward 5 Parcel Trades For $150 Per SF

Erika Morphy | July 26, 2018

The 38,926-square foot parcel of land is situated at the corner of Montana Ave., NE and Rhode Island Ave., NE.

Is The Yield Curve Still A Reliable Recession Indicator?

Erika Morphy | July 26, 2018

Some economists think that this time it might be different.

MCR Picks Up SpringHill Suites Fairfax Fair Oaks

Adele Carter | July 25, 2018

The 140-room hotel received a $1.4 million renovation last year.

Washington Property Co. Leases Space To Aerospace

Adele Carter | July 25, 2018

"We’ve seen the occupancy levels in all of our properties increase so far this year.”

Quality Care Stockholders Approve $2B Welltower Deal

Erika Morphy | July 25, 2018

During the go-shop period Quality Care received a competing offer but the board never changed its recommendation to accept the Welltower offer.

Silver Spring's Ellsworth Place Trades for $92M

Erika Morphy | July 25, 2018

The sale also included the retail center but also air rights for a fully-entitled office building.

REIT Executive Compensation Rose 7% in 2017

Erika Morphy | July 25, 2018

2018 was the first proxy season for CEO pay-ratio disclosure and the results show a significant variance in pay levels for REITs.

Harbor Group Buys London's Relay Building For $120M

Adele Carter | July 24, 2018

"We believe the acquisition provides diversity and attractive risk adjusted value for our investors and we anticipate continuing to pursue actively investment opportunities in the London market.”

Wheelock Street Capital Buys Hyatt Regency Dulles

Erika Morphy | July 24, 2018

The company has secured a $40 million acquisition loan arranged by HFF.

The New MOB: Leaner, Greener and More Digital

Erika Morphy | July 23, 2018

An evolution in the medical office space is creating a schism between the traditional buildings and the modern medical office building.

How NoVa’s Data Center Market Drives CRE Growth

Erika Morphy | July 20, 2018

Between 2010 and 2019 data center supply will have increased from 9.7 million gross square feet to nearly 21 million gross square feet, while total megawatts will have jumped from 498 to 1,570.

Pebblebrook Points Out LaSalle Hasn’t Set Date Yet

Erika Morphy | July 20, 2018

Separately, GGP’s proposed acquisition by Brookfield Property appears to be heading to the finish line.

Colony Industrial Makes Another Acquisition In Baltimore

Erika Morphy | July 19, 2018

BALTIMORE--Following another purchase it just made in this market, Dallas-based Colony Industrial has acquired a portfolio of two warehouse properties…

Fed’s Beige Book Highlights Lack of Skilled Workers

Erika Morphy | July 19, 2018

In one case a developer said it was using drones to survey property to make up for the lack of skilled workers.

News

NY, CT, MD and NJ File Suit Against Tax Reform Law

John Jordan | July 18, 2018

The long-promised lawsuit filed by New York State Attorney General Barbara D. Underwood specifically points to the federal tax reform law capping the SALT deduction at $10,000 as damaging to state taxpayers. The litigation was joined by the attorneys general of Connecticut, Maryland and New Jersey.

JV Plans Mixed-Use Industrial Project In White Marsh

Erika Morphy | July 18, 2018

A joint venture between Atapco Properties and Chesapeake Real Estate Group acquired the 52-acre parcel from Paragon Outlets Baltimore.

PRP To Focus On Building Net Lease Office Holdings

Erika Morphy | July 17, 2018

The company just acquired Sequoia Plaza I, II & III and has appointed Joseph Neckles as a managing director focused on originating single-tenant office and industrial acquisition opportunities.

Trade Tensions Have Not Affected CRE. So Far

Erika Morphy | July 17, 2018

Should the trade disputes escalate it will likely result in less demand for industrial space as US imports require more space than US exports, CBRE said.

AvalonBay's Ballston Place Sale Reportedly Pending

Erika Morphy | July 16, 2018

The 382-unit apartment high-rise is under contract for $170 million, or $445,026 per unit, according to a source.

Everything You Need To Know About Opportunity Zones

Erika Morphy | July 16, 2018

GlobeSt.com spoke with Real Estate Roundtable CEO Jeffrey DeBoer and Roundtable SVP and Counsel Ryan McCormick to get a better understanding of how this program will work.

Cantor’s Matt Brody Joins Savills Studley

Erika Morphy | July 13, 2018

“Capital Markets continues to be an active and vital piece of our business as we expand our footprint into new regions globally.”

Warfield Plans Mixed-Use Project At Sykesville

Erika Morphy | July 12, 2018

The company has acquired the 91-acre mixed-use development that is has rebranded Warfield at Historic Sykesville.

Colony Industrial Buys Maryland, Other Industrial Facilities

Erika Morphy | July 11, 2018

All together the company has acquired 1.1-million square feet in three markets.

News

Pantzer Properties Buys Germantown Apartment For $88M

Erika Morphy | July 10, 2018

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

News

Pebblebrook Urges LaSalle Shareholders To Vote Against Blackstone Deal

Erika Morphy | July 10, 2018

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

News

C&W: More Speculative Office Construction Coming

Erika Morphy | July 09, 2018

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.

News

Sentinel Data Centers Buys Washington Dulles Gateway

Erika Morphy | July 06, 2018

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

News

Skanska Acquires Multifamily Site At Scotts Run

Erika Morphy | July 05, 2018

The company will announce its plans for development at a future date.