Washington, DC

Circle Towers in Merrifield, Va., are said to be trading for $165 milion.

WASHINGTON, DC--A source tells us that JBG Smith is selling the Executive Tower at 1399 New York Ave., NW, for $121 million, or $939 per square…

JLL reports that estimated development costs for the 10 largest transportation infrastructure projects now exceeds $35 billion.

The portfolio consists of 461 rooms and will be managed by RHG. With the acquisition of the portfolio, Real Hospitality Group increases its portfolio of owned and managed assets to 105 hotels in 16 states.

MidHudson provides the reserves by making a preferred equity investment.

JLL notes that space options for federal agencies that are greater than 50,000 square feet in Washington, DC have declined by 35% since 2015.

They are CNL Healthcare Properties II and Columbia Property Trust.

New liquidity will be introduced into the market once the credit risk transfers become a regular event.