SAN FRANCISCO—While it has been rumored for some time now, New York-based Emmes Asset Management Co. LLC has purchased the 23-story building here and plans to enhance and reposition the property.

WASHINGTON, DC—Ben Miller, co-founder and CEO of leading real estate crowdsourcing platform Fundrise, says that the lending environment has led to the rise of a builder's economy, where the rational economic actor is compelled to build.

RESTON, VA—JBG Cos. owns both properties, which are next to the future Reston Town Center metro station.

PALM SPRINGS, CA—Presenting creative solutions to policymakers is key to helping solve the lack of affordable housing problem nationwide, said panelists at NMHC's Apartment Strategies Outlook Conference here.