District of Columbia
Berkadia Brokers Sale of 304-Unit MF Property in Manassas
Berkadia has arranged the sale of Palisades at Manassas Park, a 304-unit multifamily property in Manassas, VA. The sales price… Read more
Standard Communities Hires Sislen as Managing Director in D.C.
Standard Communities, the affordable housing division of Standard Cos., has hired Matt Sislen as managing director of East Coast production.… Read more
Rent the Runway Shifts from Retail Stores to Drop Boxes
Clothing subscription company Rent the Runway will close all of its retail stores, including its Union Square flagship. Rent the Runway… Read more
Carr Properties Trades Friendship Heights MOB for $160M
Cushman & Wakefield arranged the $160-million sale of the Barlow Building at 5454 Wisconsin Ave. in Chevy Chase, MD. The… Read more
San Diego Experiences Strong Tech Leasing Activity
Momentum slowed in the second quarter for technology companies’ leasing of office space, though a few markets, including San Diego,… Read more
PRP Acquires Broadcom HQ in Irvine for $355M
Washington, DC-based PRP completed the previously announced acquisition of Broadcom, Inc.’s SoCal headquarters, a two building, 660,893-square-foot office complex in… Read more
DDC, PTM Launch Leasing at 453-Unit MF Community in Buzzard Point
Co-developers Douglas Development Corp. (DDC) and PTM Partners have launched leasing at Watermark, a 453-unit, 11-story mixed-use development in Washington… Read more
NMHC: 79% of Apartment Households Paid Rent as of August 6
The Washington D.C.-based National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found that 79.3% of apartment households made a full… Read more
D.C. Apartment Property Trades for $19M
Marcus & Millichap has arranged the $19.1 million sale of Griffin Apartments at Petworth Metro, a 49-unit apartment property nearby… Read more
EagleBank Invests $5M in Washington Housing Initiative
Washington D.C. community bank EagleBank has committed $5 million to the Washington Housing Initiative’s Impact Pool, a market-driven approach to… Read more
Berkadia Secures $22M Refinancing for Maryland Skilled Nursing Facility
Berkadia’s Washington D.C.-based Seniors Housing & Healthcare Group has secured a $22.2 million 232/223(f) HUD loan to refinance a 157-bed… Read more
Industry Leaders Have Eye on Congress in Latest W&D Webcast
As the full extent of the economic impact from COVID-19 and the shutdown became clear in May, Congress moved swiftly… Read more
AHLA: Only 37% of Hotels Have Brought Back at Least Half of Their Employees
A new survey of the Washington D.C.-based American Hotel & Lodging Association’s (AHLA) members found that only 37% of respondents… Read more
Proptech Company Aquicore Secures $14M in New Funding
Washington D.C.-based smart building platform Aquicore has secured $14 million in new funding in a round led by Keyframe Capital… Read more
CitizenM Hotel Moves Forward in D.C. Despite Pandemic
Dutch hotel brand CitizenM plans to open its first hotel in D.C. on Aug. 27, despite the ongoing COVID-19 pandemic… Read more
Wells Fargo Provides $385M Refinancing for D.C. Multifamily Portfolio
Wells Fargo has provided $385 million to refinance a 1,255-unit, three-property multifamily portfolio in metro D.C. The borrower was multifamily… Read more
Architecture Firm NBBJ Opens Washington D.C. Office
Global architecture and design firm NBBJ has opened an office in Washington D.C. The office, which will focus on commercial… Read more
MBA Expects 59% Volume Drop for CRE Mortgage Lending This Year
Commercial and multifamily mortgage bankers are expected to close $248 billion of loans backed by income-producing properties in 2020, a… Read more
AHLA Releases Top Five Requirements to Travel Safely
The Washington D.C.-based American Hotel & Lodging Association (AHLA) has released the Safe Stay Guest Checklist, a guide for guests… Read more