News

December 18, 2020

Mid-Atlantic CCIM Chapter Honors Taylor Bowen As New CCIM Designee

Mid-Atlantic CCIM Chapter Honors Taylor Bowen As New CCIM Designee  The CCIM designation signifies expertise in the commercial real estate profession. Hagerstown, December 14, 2020 — The Mid-Atlantic CCIM Chapter has recognized Taylor Bowen who recentl …

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October 24, 2018

After Attracting Several Big-Name Tenants, Northern Virginia’s Office Market Outperforming Others in the ‘DMV’

Rendering of the 17Fifty officer tower at Reston Town Center in Reston, Virginia. Credit: Boston Properties With four of the five largest new office leases signed this year in northern Virginia, the region has outperformed other areas in the metrop…

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October 22, 2018

New Opportunity Zone Tax Guidance Expands Borrowing, Other Benefits for Real Estate Investors

The Internal Revenue Service will be examining new guidance on the Opportunity Zone real estate tax incentive program. Accountants poring over the Treasury Department’s newly issued guidelines for Opportunity Zone tax incentives say they are uncover…

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October 19, 2018

Treasury’s Opportunity Zone Tax Guidance Extends Deferral of Gains

The Treasury Department issued new guidance on its Opportunity Zone commercial real estate tax incentive program. The Treasury Department issued highly anticipated guidance for the new Opportunity Zone tax incentive that eliminates the need for real…

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October 19, 2018

LCOR Buys Site for New $100 Million Mixed-Use Project in Crystal City

LCOR has acquired a tract of land just outside of Washington, D.C., where the Philadelphia-based firm plans to develop a new $100 million mixed-use project along the same corridor in Crystal City where it recently wrapped up on a 451-unit luxury high-r…

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October 17, 2018

Longtime Northern Virginia Investor Picks Up First Multifamily Complex in DC

Snell Properties has crossed the Virginia-D.C. border for the first time in its 70-year history to acquire a recently completed luxury apartment complex in the city’s 14th Street corridor from local firm and project developer, Madison Investments. …

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October 16, 2018

Residential Brokerage Firm Redfin Signs for New 20,000-SF Office in Chantilly, Virginia

Redfin Corporation, a residential real estate brokerage firm out of Seattle, has signed a lease for a new East Coast office in suburban Washington, D.C. The company agreed to a deal for 20,358 square feet at Newbrook II, a 77,427-square-foot, four-s…

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October 16, 2018

D.C. Apartments Next to Nats Park Should Hit $162 Million Sales Price

Rendering of the F1rst Residences (glass building in the foreground), which is now on the market for sale.A new downtown Washington apartment building with commanding views of Nationals Park and the Southeast waterfront is up for grabs, and it could co…

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October 15, 2018

Federal ‘Opportunity Zone’ Investment Rules May Come This Month as Cost Estimates Rise

Projects like the proposed Colorado Outdoors Recreation Business Park in Montrose, Colorado, are in areas covered by the federal Opportunity Zone program that may get final guidelines this month. Final guidelines may come this month from the federal…

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October 15, 2018

Hotel Asset Manager CHMWarnick Recruits Second Exec from Host Hotels & Resorts to New DC Office

CHMWarnick has hired longtime hotel industry veteran Joe DeFrank as senior vice president and asset manager in the firm’s newly established office in Washington, D.C., the second hire brought over from Bethesda, Maryland-based hotel REIT, Host Hotels &…

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