Washington
Marx Realty Acquires D.C.’s Herald Building with Transformation Plans
New York City-based Marx Realty has acquired The Herald Building in Washington, D.C. for $41 million. The firm plans to invest… Read more
NYC Will Launch Local Production of COVID-19 Test Kits
Mayor Bill de Blasio said Tuesday that New York City would soon have manufacturing capacity to produce its own coronavirus… Read more
Walker & Dunlop Brings in Gustafson to Lead Apprise in Northeast
Walker & Dunlop, Inc. has expanded its multifamily appraisal business, Apprise, with the addition of managing director Corey Gustafson. Based in Boston, Gustafson… Read more
D.C. Region’s Economy Expected to Shrink in 2020
With the continued worsening of the pandemic in the Washington, D.C. region, the economy is projected to contract 0.8% in… Read more
Seattle Drops on Construction Crane Index
Seattle no longer holds the crane count crown on Rider Levett Bucknall’s Crane Index. The Emerald City’s 36 cranes is… Read more
D.C. Office Vacancies Reach New High
Following two years of healthy rebound in demand, office vacancy in Washington, D.C. hit an all-time high of 14.3% in… Read more
Top Broker Honorees: Savills’ Tom Fulcher, David Lipson, Julie Rayfield and Art Greenberg
The Savills Mid-Atlantic team has been together for more than 30 years and has grown to 15 people, providing a… Read more
Top Broker Honoree: CBRE’s Lou Christopher
CBRE Vice Chairman Lou Christopher has led some of the Washington, DC market area’s most significant real estate assignments on… Read more
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
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