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PRP Buys 2501 M St.; Condo Conversion Planned

remstaff &Globe Street | December 04, 2014

WASHINGTON, DC—The 100,000-square foot office building is trading for $31.6 million.

Source: CBD Office Trades for $74M

remstaff &Globe Street | December 04, 2014

WASHINGTON, DC—Principal Global Investors is said to be acquiring 2401 Pennsylvania Ave., NW.

Long-term TRIA Deal in the Works

remstaff &Globe Street | December 04, 2014

WASHINGTON, DC—After a grim start to the negotiations, the tide has turned and a six-year extension of TRIA is looking very likely.

RevPAR Growth Will Span Sector: PKF

remstaff &Globe Street | December 04, 2014

ATLANTA—Scarcity across a number of product types is giving operators the leverage they need to boost room rates "well above the level of inflation," says PKF's R. Mark Woodworth.

Values Continue Climbing Past '07 Peak

remstaff &Globe Street | December 04, 2014

NEWPORT BEACH, CA—Thanks to investors' continued search for yield, it wouldn't be surprising to see cap rates compress further, in the view of Green Street Advisors' Peter Rothemund.

Tighe, Ross and Others Discuss NYC's Future

remstaff &Globe Street | December 04, 2014

NEW YORK CITY—Continuing their discussion of the industry's state of affairs—and what lies ahead—several industry executives with household names discuss trends and their concerns in the second part of this two-part GlobeSt.com series.

Westchester IDA Induces Hotel, Multifamily Projects

remstaff &Globe Street | December 04, 2014

WHITE PLAINS—The Westchester County Industrial Development Agency approved sales and mortgage tax exemptions for two new development projects on Thursday that will cost almost $52 million to complete.