Hotels

Progress is being made, as evident from the stats from local research companies which provide an update and recap of the damage to commercial real estate properties in the area.

Although the results vary among the five major sectors, “there is no denying the overall softening of commercial real estate pricing,” says Peter Muoio at Ten-X.

The BRP-Wharton development, which should break ground in the second half of 2018, will likely involve more than $300 million in investment.

The company has acquired properties in Tysons, Va., and Severn, Md., over the last year.

“Washington DC is a strong market and not overbuilt like New York.”

Trademark Property has pledged to match up to $150,000 in company-wide donations and its financial partner Miller Capital Advisory Inc. has pledged to match up to $50,000 at La Palmera in Corpus Christi.

The latest deals, trends and projects in the Midwest region.

The submarket has lost millions of square feet in office space in the last 25 years, but its remaining tenants are loyal, and rent increases are outpacing the CBD.