District of Columbia
Top Broker Honorees: Edge CRE’s Marc Balamaci and Scott Mendelson
Marc Balamaci and Scott Mendelson of Edge Commercial Real Estate primarily focus on tenant advisory services, which include strategic guidance,… Read more
PCCP Provides Portman Nearly $96M for Charlotte Office Development
PCCP, LLC provided a $95.6 million senior construction loan to finance the speculative development of 2151 Hawkins, a fully entitled,… Read more
Coworking Company Convene Closes Boston Location Amid COVID-19 Outbreak
Coworking company Convene has closed its location in downtown Boston in response to the ongoing outbreak of COVID-19. The New… Read more
Convene Shutters All Locations Through March 31
Flexible-office and meeting-space provider Convene has temporarily closed all locations across Manhattan and five other cities in response to the… Read more
AMC to Close Uptown Theater in Cleveland Park
AMC Theatres has revealed plans to shutter the iconic Uptown Theater in Washington D.C.’s Cleveland Park. The famed theater will… Read more
Novel Coworking Opens First D.C. Location
Flexible space provider Novel Coworking has opened its first location in Washington D.C. at Dupont Circle. The company acquired the… Read more
Savills Finalizes Deal for Project Management Firm
Savills has completed its acquisition of Macro Consultants LLC, a project management firm with offices in Midtown Manhattan, Los Angeles, Denver, Philadelphia and… Read more
Modell’s Sporting Goods to Close All Stores, Including Seven in D.C.
Modell’s Sporting Goods, which operates 153 stores between New York, Philadelphia and the D.C. metro areas, has announced plans to… Read more
KLNB Secures 17 Leases for Jersey Mike’s Subs Across DMV
Privately-held commercial real estate brokerage firm KLNB has closed 17 leases for Jersey Mike’s Subs across the DMV region over… Read more
Berkadia Adds Bissonette and Moro to Affordable Housing Team in D.C.
Berkadia has announced the hiring of Matthew Bissonette and Susan Moro as managing directors for the firm’s affordable housing platform.… Read more
EOS Investors Acquires Embassy Suites by Hilton in Georgetown
Privately-held real estate investment firm EOS Investors LLC has acquired the Embassy Suites by Hilton Washington D.C. Georgetown, a 197-room… Read more
Paramount Group to Sell D.C. Office Building for $115M
New York City-based real estate investment trust Paramount Group has entered into an agreement to sell 1899 Pennsylvania Avenue, a… Read more
Avison Team Closes on MOB Sale-Leaseback in Central IL
Avison Young negotiated the sale of a 60,231-square-foot medical office building at 1111 Trinity Ln. in Bloomington, IL, a regional economic hub… Read more
Inbound Capital to U.S. Multifamily Drops Y-O-Y
Inbound capital to the U.S. multifamily sector decreased year-over-year by 27.3% to $10.7 billion in 2019, says CBRE. The drop-off… Read more
Feldman Leaves Marcus & Millichap to Start New Firm in D.C.
Commercial Broker Josh Feldman has left Marcus & Millichap to launch a new firm specializing in investment sale properties in… Read more
Skanska Promotes Johnson, Mason in D.C.
Global development and construction firm Skanska has promoted both Marc Johnson and Brad Mason to the role of Vice President… Read more
NYC Apartment Growth Runs Slightly Ahead of State, U.S. Averages
New York City rents have declined 0.1% over the past month, but are up moderately by 2.2% from a year… Read more
7-Eleven to Bring New Retail Concept to D.C.
Retail chain 7-Eleven has announced plans for a nationwide expansion of a new concept that will feature a Mexican restaurant,… Read more
Coronavirus Impact on CRE Expected to Be Short-Term and Limited
By Paul Bubny With more than 2,700 participants registering for CBRE’s flash call Thursday on the commercial real estate implications… Read more