News

September 28, 2018

More Non-Traded Real Estate Investment Trusts Vanish Amid Fundraising Challenges

The Retreat at Market Square in Frederick, Maryland, is one of three multifamily communities Inland Residential Properties Trust plans to sell as it winds down business. More remnants from the peak public fundraising era for non-traded real estate i…

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September 28, 2018

Washington, D.C., Firms Team Up to Buy Planned 43-Story Office Tower in Downtown Boston

Carr Properties and National Real Estate Advisors have agreed to buy One Congress, which is a part of HYM’s 2.9 million-square-foot mixed-use project, Bulfinch Crossing. Rendering courtesy of The HYM Investment Group, LLC. Carr Properties has agreed t…

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September 27, 2018

A Slowdown in Deliveries in DC’s H Street/NoMa Contributed to Vacancy Compression

A 28-unit apartment building under construction in D.C.’s H Street submarket. New projects in H Street/NoMa consistently delivered over the past five years, but over the past 12 months, only about 500 units came online. This gave time for vacant un…

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September 26, 2018

Office Sales in DC’s East End Nearly Double Next Closest Submarket

The 857,324-square-foot office building at 555 12th St. NW in Washington, D.C. For much of this cycle, institutional capital has focused on core office submarkets in cities across the country, and the same is the case in Washington, D.C. Often viewe…

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September 26, 2018

Carlyle Group, Aion Partners Sell 1200 New Hampshire Ave. in NW D.C. for $175 Million

A joint venture between The Carlyle Group and Aion Partners has sold 1200 New Hampshire Ave. NW in Washington, D.C., after more than a decade of ownership for $174.5 million, or approximately $564 per square foot. The buyer is GreenOak Real Estate, …

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September 25, 2018

Health Care Tech Firm to Join Nestlé USA at 35-Story Office Tower in Rosslyn

A health information technology solutions, services, devices and hardware supplier has signed a lease to open a new office at 1812 N. Moore St. in Arlington, Virginia, the 35-story tower home to Nestlé USA’s corporate headquarters. Cerner, a North K…

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September 25, 2018

Executive Tower in Downtown Washington, D.C., Changes Hands in $121.4 Million Deal

A Miami firm involved in the largest per square foot purchase in the Washington, D.C., office market closed on a significant transaction of its own with the $121.4 million purchase of the Executive Tower in the city’s East End from JBG Smith. Exan C…

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September 25, 2018

Bridge Investment Group Acquires Reston Office Park with Full Renovation on Tap

A Sandy, Utah-based investment management firm has acquired The Campus at Sunrise in Reston, Virginia, the company’s third investment in the Washington, D.C., market this year and its latest acquisition in a year that has seen the firm expand its offic…

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September 24, 2018

Madison Marquette Drops PMRG Name

Madison Marquette is dropping the PMRG brand following a merger of the two companies earlier this year. Pictured: Madison Marquette’s headquarters at the company’s mixed-use development The Wharf in Southwest Washington, D.C. The recently combined Mad…

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September 24, 2018

Executive Tower in Downtown Washington, D.C., Changes Hands in $121 Million Deal

A Miami firm involved in the largest ever per square foot purchase in the Washington, D.C., office market has completed a deal with JBG Smith to acquire the Executive Tower in the city’s East End for slightly more than $121 million. Exan Capital pai…

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