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“It's basically an employees' market right now and potential employees are not bashful about telling you what other companies are offering.”

The project is a 551,000-square foot mixed-use residential and retail development.

In addition, the REIT entered into three contracts to sell properties for another $73.2 million, expected to close in Q2 2018.

Ballston has been battered a bit by relocations out of the submarket.

The cash-and-stock deal is expected to close next week.

The apartment complex is part of a portfolio that KBS Legacy Partners put up for sale last year.

WASHINGTON, DC--MD--TIER REIT has completed its sale of 500 East Pratt in Baltimore and a JV between Feldman Bergin Properties and Fortified Property Group has made its second acquisition in Howard County.

BETHESDA, MD--This week RLJ Lodging appointed Robert J. McCarthy, former chief operations officer and group president at Marriott International as a trustee.