News

July 2, 2018

Washington REIT Sells Office Bldg. to Former Owner for $101.6 Million

An affiliate of Beacon Capital Partners has purchased 2445 M St. NW, an office building in Washington, D.C.’s West End, from Washington Real Estate Investment Trust for $101.6 million. The building was fully leased at the time of the sale, with the…

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July 2, 2018

Washington REIT Sells Office Bldg. to Former Owner for $101.6 Million

An affiliate of Beacon Capital Partners has purchased 2445 M St. NW, an office building in Washington, D.C.’s West End, from Washington Real Estate Investment Trust for $101.6 million. The building was fully leased at the time of the sale, with the…

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July 2, 2018

Ashford Hospitality Puts $111 Million Hotel Deal in Old Town to Bed

Ashford Hospitality Trust has wrapped up its acquisition of the Hilton Alexandria Old Town, less than a week after announcing the pending deal. The Dallas-based hotel REIT paid $111 million, or approximately $451,000 per key, to acquire the 252-roo…

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July 2, 2018

Ashford Hospitality Puts $111 Million Hotel Deal in Old Town to Bed

Ashford Hospitality Trust has wrapped up its acquisition of the Hilton Alexandria Old Town, less than a week after announcing the pending deal. The Dallas-based hotel REIT paid $111 million, or approximately $451,000 per key, to acquire the 252-roo…

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June 29, 2018

Is Anacostia the Next Frontier?

Rendering of the 476-unit Skyland Town Center apartment building in Washington, D.C. The Anacostia-Southeast Washington D.C. area is being touted as the city’s next frontier. Several large companies have marked their territory with new developments…

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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…

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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…

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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…

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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…

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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…

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