Washington
James Center Acquired for $108M
Riverstone Group acquired the one-million square-foot James Center complex in downtown Richmond, VA from LNR Partners LLC for $108 million.… Read more
First Ever Twitter Transfer of Power
President Trump was sworn in as President of the United States on January 20, 2017 in a transfer of political power,… Read more
Innovation District Proposed for Civic Center
A proposed master plan for the City of Los Angeles’ Civic Center incorporates innovation districts designed to infuse more life… Read more
Alamo Drafthouse Breaks into D.C. Market
Alamo Drafthouse Cinema announced its first Washington, D.C. location. The 44,000-square-foot theater will go north at MRP Realty’s Bryant Street… Read more
AFIAA Closes on its Largest U.S. Deal
AFIAA Foundation for International Real Estate, headquartered in Switzerland, closed on its largest U.S. acquisition so far. Specifically, the buyer… Read more
Equinix to Pay $3.6B for Verizon Data Centers
Equinix Inc., headquartered in Redwood City, CA will pay New York-based Verizon Communications Inc. $3.6 billion to acquire 24 data… Read more
McDonald’s Rolling Out Table Service
McDonald’s plans to roll out table service shortly in many of its U.S. locations. Customers will order from a kiosk,… Read more
Minimum Wage Goes Up in Four States
After Tuesday’s election, there are four states where workers can celebrate. Washington, Arizona, Maine, and Colorado all voted to increase… Read more
1025 Thomas Jefferson Sells to UK Investor for $142M
Alduwaliya Asset Management of the United Kingdom struck a deal with the JBG Companies for ownership of the 317,248-square-foot 1025… Read more
Greysteel Arranges Finance Package for DC Infill Asset
Greysteel arranged $14.9 million in senior debt and preferred equity for the acquisition and construction of the vacant property at… Read more
Skanska Developing First D.C. Multifamily
Swedish developer Skanska has arrived in Washington DC with Resa, its first multifamily development in the metro. The 12-story, 326-unit… Read more
Cordish Cos. Buys 250-Key Asset, Upgrades Planned
The Cordish Cos. acquired the combined Homewood Suites and Hilton Garden Inn properties in Hanover, MD, which totals 250 rooms.… Read more
MetLife, Norges Join Forces, Spend $422M on 838K-SF Office
MetLife Inc. and Norges Bank Real Estate Management joined forces once again to acquire an existing office building, Constitution Square… Read more
532K-SF Liberty Park Changes Hands for $100M
MRP Realty acquired the eight-building, 532,041-square-foot Liberty Park campus in Herndon, VA for $100 million from Liberty Property Trust. The… Read more
Blackstone In, Goldman Sachs Out on $1.8B Portfolio Deal?
Blackstone Group LP appears to be the big winner in the bid to acquire $1.8 billion in U.S. CRE assets… Read more
Two NC Multifamily Deals Yield $93M
Two separate apartment buildings in the Brier Creek area of Raleigh, NC, recently sold for a combined value of $93… Read more
Douglas Development Snags 71K-SF Office in Annapolis
Douglas Development acquired West Garrett Place, two contiguous office buildings totaling 71,185 square feet in Annapolis, MD. The Washington, DC… Read more
Cortland Enters DC Market with 630-Unit MF Purchase
Cortland Partners of Atlanta, GA has acquired the 630-unit Stoneridge Apartments, making its first foray into the Washington, DC market.… Read more
Hines Launches Construction on 360-Key Luxury Hotel
Hines and partner Qatari Diar have launched construction on Conrad Washington DC, a 360-room luxury hotel with 30,000 square feet… Read more