District of Columbia
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
Signature Properties Acquires Metro D.C. MF Property for $48M
Signature Properties has acquired The South Pointe, a 390-unit multifamily property in Temple Hills, MD. The sales price was $48.3… Read more
Silverback Development Opens D.C. Office
New York-based real estate developer Silverback Development has opened a new office in Washington D.C. The new office will be… Read more
JLL Brokers Sale of 84K-SF Office Building in East End
JLL has arranged the sale of 1313 L Street, an 84,040-square-foot office building in Washington D.C.’s East End submarket. The… Read more
RMR Group Secures 18K-SF Lease Renewal in D.C.
The RMR Group has secured a 12-year lease renewal with Associated Builders and Contractors for almost 18,000 square feet at… Read more
SRS Real Estate Hires Fernandez, Caravello in D.C.
SRS Real Estate Partners has hired Rick Fernandez as senior managing director for the firm’s national net lease group in… Read more
Industrial’s Top Markets by the Numbers
For net absorption, California’s Inland Empire represents an unassailable peak among U.S. industrial markets, in terms of both fourth-quarter and… Read more
Park Hotels Offloads Hotels in D.C., Brazil
In two separate deals, Park Hotels & Resorts Inc. sold the 197-key Embassy Suites by Hilton Washington DC Georgetown, and… Read more
Seattle a ‘Must Have’ on Institutional Investors’ Shopping Lists
National investment sales volume across all property types totaled $570.6 billion in 2019, a drop of 1.6% year-over-year, according to… Read more