Washington, DC

The 1.48-million-square-foot portfolio is located in 11 states and is approximately 94% leased to the federal government and 99% leased overall.

Piedmont Office's president C. Brent Smith says the REIT is pleased it sold the 334,000-square foot building because it reduces its exposure to the Southwest DC submarket.

The 146,979-square-foot property was 65.7% leased at closing.

This is the private real estate investment firm's first acquisition in the Washington, DC area.

Launched in 2017, the Tapestry by Hilton brand more than tripled its portfolio last year adding 14 hotels, , including its first in New York City—The Bernic Hotel New York City— and its first in the Chicago-area—The Rose Hotel Chicago O'Hare.

Volkswagen has struck a deal that will have Tradepoint Atlantic build a 166,000-square-foot import processing facility on 115 acres for Volkswagen Group of America.

Transwestern Commercial also announced today its Mid-Atlantic Multifamily Group has been named the exclusive agent for the sale of Ashton Heights, a 283-unit, high-rise apartment community at 3901 Suitland Road in Suitland, MD.

A NAREIT report shows that markets have kept their momentum through 2018 and into 2019.