Washington
The Goldstar Group Locks in $84M to Develop 350-Unit Multifamily in Frederick
Bethesda, MD-based The Goldstar Group has secured a $83.7-million loan to fund the construction and stabilization of Residences at East… Read more
TD Bank Leased Retail Condo in DC’s Logan Circle Goes for $8M
Northmarq has brokered the $7.6-million sale of a 4,403-square-foot retail condo on the ground floor of the Metropole Condominiums located… Read more
Apartment Conversions Beat Out Ground-Up Construction
A July 2022 report issued by the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) indicated that the… Read more
SFR Rent Growth Decreases, But Don’t Panic
Recently released information indicates that annual rent growth for single-family homes decreased slightly. But given fundamentals, renter households won’t likely… Read more
EQ Office Names Britton Derkac SVP and National Head of Leasing
EQ Office has appointed Boston, MA-based Britton Derkac to the newly created position of SVP and national head of leasing.… Read more
Trio Agrees to Terms for 10 Mixed-Use Developments in Capitol Riverfront, Buzzard Point
Jacksonville, FL-based FRP Holdings, Inc., has executed an agreement with Steuart Investment Company and MidAtlantic Realty Partners for the development… Read more
Nation’s First REIT Reveals Succession Plan, Unveils New Company Name
Washington, DC-based Elme Communities (formerly Washington Real Estate Investment Trust or WashREIT) has announced the planned retirement of Stephen Riffee,… Read more
Arcland Property Company Acquires Off-Market Self-Storage Facilities in VA, MD
Washington, DC-based Arcland Property Company has acquired self-storage facilities at 4551 Eisenhower Ave, Alexandria, VA and 3700 Plyers Mill Rd,… Read more
$301M Sale of Ashburn Data Center Catapults DC Region to Decade’s Top US Digital Infrastructure Market
Ashburn, VA’s Quantum Park was the star digital infrastructure asset of the last 10 years, according to a report by… Read more
Denrike Building in Downtown DC Targeted for Acquisition, Multifamily Conversion
ACRES Capital Corp., has originated a $12.6-million loan to fund the acquisition and pre-development of the Denrike Building at 1010… Read more
Easterly Government Properties Nears Full Disposition of 10-Property Portfolio for $205M
Washington, DC-based Easterly Government Properties, Inc. — a real estate investment trust focused primarily on the acquisition, development and management… Read more
VTS: NYC Sees Big September Increase in Office Demand
New York City was the outlier among major U.S. office markets in September when it came to month-over-month changes in… Read more
NHP Foundation Secures $49M for Redevelopment, Preservation of Congress Heights Community
The NHP Foundation has secured $48.9 million in redevelopment funds for Ridgecrest Village Apartments in the Congress Heights neighborhood of… Read more
PRP Appoints Matt McCoy to Managing Director of Net Lease Investments Position
Washington, DC-based PRP has hired Matt McCoy as managing director of net lease investments. McCoy will be based in both… Read more
It’s Time to Nominate Commercial Real Estate’s Outstanding Attorneys
End-of-day on Friday is the deadline to submit nominations for Connect CRE’s third annual Lawyers in Real Estate Awards. We believe there are many strong candidates… Read more
Cresa Assists World Food Program USA Sign for Full-Floor, 13K-SF Space in DC
RMR and AEW have signed a lease agreement with World Food Program USA for a full-floor, 13,277-square-foot space in 1750… Read more
Standard Real Estate Investments Acquires DC Retail Centers for $650M Redevelopment
Standard Real Estate Investments, LP, a minority-owned and controlled firm, has acquired the Senator Square and East River Park shopping… Read more
RangeWater Real Estate Selects Andrew McIntyre for Senior Managing Director of Development
Atlanta, GA-based RangeWater Real Estate has welcomed Andrew McIntyre as senior managing director of development. McIntyre brings more than two… Read more
Cresa Adds Mike Burns as an Occupier Services Group SVP in DC Location
Mike Burns has joined Cresa’s Washington, DC, office as a SVP with the firm’s occupier services group. He will focus… Read more