Washington
Shorenstein Snags Minneapolis Tower for $255M
San Francisco-based Shorenstein Properties LLC acquired Capella Tower, the largest downtown Minneapolis office complex, from ASB Capital Management for $255 million. The… Read more
Ranking U.S.’s Hardest-Working Cities
Americans are among the world’s hardest-working, logging more hours per worker than most industrialized countries, including Germany, France, and the… Read more
CRE Construction Volume Declined 7% in 2017
Many of the leading U.S. metropolitan areas for commercial and multifamily construction starts showed reduced activity in 2017 compared to… Read more
Counting Cranes: Construction and Development By the Numbers
It’s a bird, it’s a plane…. it’s a (good amount of) cranes. Rider Levett Bucknall (RLB), an international property and… Read more
Akridge Sets Ground Breaking on $250M DC MXU
A development team that includes Akridge, Western Development Corporation, Orr Partners, Redbrick LMD, and Jefferson Apartment Group is set to… Read more
Invesco Closes $252M in California, Texas, DC Loans
Invesco Real Estate recently participated in $252 million of total financings, originating and closing five loans as part of its rapidly expanding… Read more
UIP Buys DC MF Building for $96M
Washington, DC-based Urban Investment Partners (UIP) closed on Onyx on First, a 266-unit, Class A apartment building located in Washington,… Read more
Carr Properties Divests West End DC Office Building for $166M
DivcoWest acquired 1255 23rd St. NW, a 341,000-square-foot office building in Washington, DC’s West End from Carr Properties for $166.2… Read more
Trammell Crow Adds Hotel to DC MXU
Denihan Hospitality, Trammell Crow Company and KochSmith Capital formed a strategic partnership to bring The James Hotel to Washington, DC. The 204-room hotel is being designed… Read more
German Investor Picks Up DC Asset for $250M
Munich Re, the German reinsurance company, is buying the Washington Building in Washington, DC from an affiliate of Clarion Partners for… Read more
First Ground-Up Co-Living Development Under Construction
A Los Angeles-based startup called Treehouse is building what’s dubbed as the nation’s first ground-up co-living housing development. Co-living communities… Read more
Daniel Moore Taking Over as President, CEO of Rockefeller
New York-based Rockefeller Group appointed Daniel J. Moore president and CEO, effective April 1, 2018. Moore, who joined the company in… Read more
Washington REIT Picking Up 400K-SF Arlington Tower for $250M
Washington Real Estate Investment Trust is acquiring Arlington Tower, an iconic office building in Rosslyn, VA for $250 million. The… Read more
Welltower Acquires Portfolio of Sunrise Assets for $368M
Toledo, OH-based Welltower Inc. is acquiring a portfolio of four rental continuing care retirement communities from McLean, VA-based Sunrise Senior Living… Read more
California Household Buying Income Requirements Soar
Four California markets are among those requiring the highest salaries to buy a house in the U.S., reports mortgage information… Read more
ING Leads $110M Refi of Award-Winning DC MXU
ING Capital LLC led a $110 million refinancing of Atlantic Plumbing, a 310-unit multifamily residential and retail project in Northwest… Read more
153-Room Hampton Inn in Seattle Sold
Beverly Hills, CA-based commercial real estate investment banking firm Sonnenblick-Eichner Company arranged the sale of the 153-room Hampton Inn Southcenter… Read more
Arlington’s Two Liberty Center $72M Sale, Financing
HFF arranged the $72.012-million sale and financing for Two Liberty Center, a 178,700-square-foot, Class A office building in Arlington, VA’s… Read more
Central Florida Senior Housing Portfolio Acquired for $110M
American Healthcare Investors and Griffin Capital Company, LLC, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., completed the acquisition of… Read more