September 9, 2018
The 250-unit Mount Vernon Plaza apartment building in Washington, D.C. Thanks in large part to a rise in occupancies, the downtown Washington, D.C. multifamily submarket experienced a rent reversal from this time last year. While rent growth is …
Read MoreSeptember 7, 2018
The inflatable great white shark affectionately known as Chompie would take up residence at Discovery’s headquarters building each year to promote the cable channel’s annual Shark Week; Photo credit: GlynLowe.com via Flickr. With the pending move of…
Read MoreSeptember 6, 2018
The 93-unit Apartments at Westlight in Washington, D.C. Occupancies in downtown Washington, D.C. are above the 10-year average, boosted by strong net absorption. This time last year, the increase in supply pushed vacancies higher, but steady absorpt…
Read MoreSeptember 6, 2018
Pebblebrook Hotel Trust’s headquarters building located just outside Washington, D.C., in Bethesda, Maryland. Jon Bortz is getting his company back. The chief executive of Pebblebrook Hotel Trust has won the protracted bidding war for real estate in…
Read MoreSeptember 6, 2018
The Barton at Woodley apartment complex in Washington, D.C. Rebounding job growth and consistent population growth has given way to record levels of absorption and supply. Occupancies remain above the 10-year average, contributing to healthy rent ga…
Read MoreSeptember 5, 2018
LaSalle Hotel Properties owns the Park Central Hotel at 870 Seventh Ave. in New York. Real estate investment trust LaSalle Hotel Properties said a purchase offer from Pebblebrook Hotel Trust is a “superior proposal” to a rival bid from Blackstone Gr…
Read MoreSeptember 5, 2018
Rendering of the office tower preleased to Fannie Mae in Reston, Virginia. Although 2018 has been slow in terms of absorption compared with the past few years, one thing remains the same: Much of the future demand for office space is coming from th…
Read MoreSeptember 5, 2018
Foulger-Pratt has added two new office tenants to the fold at Park Potomac, the company’s 585,000-square-foot mixed-use development in Potomac, Maryland, that, at full completion, will total more than 2 million square feet. Local residential brokera…
Read MoreSeptember 4, 2018
A transit-oriented apartment and retail complex completed in 2015 in the northwest Washington, D.C., neighborhood of Takoma has changed hands in a $50.6 million deal. Artemis Real Estate Partners and Jair Lynch Real Estate Partners struck a deal wi…
Read MoreSeptember 4, 2018
The Lotus Riverfront at 450 Broad St. in Newark, New Jersey, is one of the sites offered as a possible home for Amazon’s HQ2. After Amazon gave his county a painful snub in January, David Iannucci is stuck exactly where 19 communities may find themsel…
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