News

June 28, 2018

Is Silicon Valley Finding a Home in D.C.?

The Class A, 403,622-square-foot One Dulles Tower at 13200 Woodland Park Rd. in Herndon, VA When most people think of tech companies such as Facebook, Amazon, or Yelp, they think of the Bay Area, the high-tech hub of the U.S. And while many of thes…

Read More


June 27, 2018

First Quarter Outstanding Commercial/ Multifamily Mortgage Debt Grows the Most Since Before Great Recession

The Mortgage Bankers Association reported that level of commercial/multifamily mortgage debt outstanding increased by $44.3 billion in the first quarter of 2018 as all four major investor groups increased their holdings, including banks, life insurance…

Read More


June 27, 2018

624-Unit Apartment Complex Hits the Market in Fairfax, Expected to Fetch $175 Million

The 45-year-old Circle Towers apartment complex in suburban Washington, D.C. is up for grabs, and is being pitched as a pure value-added play. The three 13-story towers at 9335 Lee Highway in Fairfax, VA, comprise 624 units, 12,000 square feet of re…

Read More


June 26, 2018

New Mixed-Income Development Breaks Ground in Silver Spring

The Housing Opportunities Commission of Montgomery County, Maryland (HOC) broke ground last Monday on a new mixed-income housing development that will add some much-needed affordable housing to suburban Washington, D.C. HOC will invest $34 million i…

Read More


June 26, 2018

Newmark Knight Frank Recruits New Head of D.C. Area Offices

A week after Jones Lang LaSalle named Christopher Molivadas as its new Mid-Atlantic market director, Newmark Knight Frank also elected to shake up its market leadership in the Washington, D.C. area, bringing in former CBRE managing director Ryan Miller…

Read More


June 22, 2018

White House Backs Privatizing Fannie, Freddie as Part of Sweeping Government Reorganization Proposals

Image credit: The White House In an unexpected move yesterday, the White House released a wide-ranging set of recommendations for reorganizing several federal agencies. The 132-page report covers government-wide reorganization proposals that could h…

Read More


June 21, 2018

Has Northern Virginia Seen the Worst of It?

The Class A One Reston Overlook office tower at 12011 Sunset Hills Rd. in Reston, VA Engineering giant Bechtel Corp. announced plans to relocate its global headquarters from San Francisco to Reston, VA by th

Read More


June 21, 2018

Has Northern Virginia Seen the Worst of It?

The Class A One Reston Overlook office tower at 12011 Sunset Hills Rd. in Reston, VA Engineering giant Bechtel Corp. announced plans to relocate its global headquarters from San Francisco to Reston, VA by th

Read More


June 21, 2018

PCCP Completes First JV with Insight Property Group, Acquires Falls Church Community for $132 Million

National real estate investment manager PCCP, LLC partnered with local firm Insight Property Group for the first time to acquire a 576-unit apartment complex in Fall Church, VA, for $132 million, or approximately $229,000 per unit, in an off-market dea…

Read More


June 21, 2018

DC Ranks Third Nationally in Multifamily Units Under Construction

The 63-unit Georgia Row at Walter Reed apartment complex, slated to deliver by the third quarter of 2018, at 7237 Georgia Ave. NW in Washington, D.C. You’d have to go back to the late years of the previous two economic cycles (2007 and 2000) to find…

Read More