Washington, DC

News

Construction Begins on $1.75B National Geospatial-Intelligence Agency HQ in St. Louis

John Jordan |

The NorthSide Regeneration is a 1,500-acre mixed-use development led by McKee and his real estate development company M Property Services to revitalize blighted North St. Louis City.

News

Foulger-Pratt, USAA Real Estate Predict 2021 Delivery for Tysons Office Building

Ingrid Tunberg |

The 25-story tower, Tysons Central, will offer retail and office space, as the area’s only full-building opportunity for new construction.

Law Firms Continue to Contract Square-Footage in Chicago

John Jordan |

Overall, Chicago recorded 854,255 square feet of law firm transactions from the third quarter of 2019 through the second quarter of 2019, up from 702,971 square feet the year prior.

News

DCHFA Funds 76-Unit Affordable Development

Ingrid Tunberg |

The nearly $36 million in funding will serve as the agency’s first transaction of fiscal year 2020.

News

Nicole Crafts to Close More Than 140 A.C. Moore Stores

John Jordan |

Locally-based Nicole Crafts, the parent company of A.C. Moore, announced that it was exiting its retail operations and has hired the retail and real estate divisions of Gordon Brothers to close the A.C. Moore stores located from Maine to Florida.

News

DC Waterfront Development Selects Contractor for Final Phase

Ingrid Tunberg |

DPR Construction has been retained as the final contractor for Phase Two of the development. The firm will construct three buildings for the project.

News

Four Corners Dives Into 14 Outparcel Properties

Lisa Brown |

Four Corners Property Trust has signed a definitive agreement for the purchase of 14 outparcel properties from PREIT for $29.9 million, priced at a 6.5% going-in cash cap rate, exclusive of transaction costs.

News

JLL Arranges $42M Loan for DC Area Retail Center

Ingrid Tunberg |

Rio shopping center in Gaithersburg, MD will utilize the loan to undergo property improvements.

News

Pebblebrook Hotel Trust Sells DC Hotel

Ingrid Tunberg |

The REIT completed the sale of the 99-room Topaz Hotel for $33 million.

Research

Can the Market Talk Itself Into a Recession? Some Fear Yes

Erika Morphy |

Overall, the outlook captured in the Real Estate Roundtable's 2019 Q4 Economic Sentiment Index was bright.