Washington, DC

Gerber will occupy 23,392-square feet in Monday Properties' 1812 North Moore St.

“The operative language that requires a taxpayer to have held an interest in a property for three years refers to capital assets -- and that doesn't pick up commercial real estate.”

Over the course of his career, Williams directed and coordinated the development, construction, and management of more than $15 billion in real estate developments.

The new bid is about 5.8% over what Pebblebrook first offered for the rival REIT, representing a 30% premium for LaSalle's stock on March 27, 2018.

The REIT often invests in the development of apartment buildings with an eye to acquiring it down the road.

Perhaps the most notable achievement was in the non-trophy Class A segment when 1440 New York Ave., NW traded at $1,189 per square foot, JLL says in a new report.

“The Suburban Maryland office market's positive absorption and decrease in vacancy rates foreshadow our anticipated gradual improvement in the office market throughout 2018.”

The current CEO Ross H. Bierkan will leave the REIT at the end of his existing employment agreement on August 22, 2018.