News

July 10, 2018

The D.C. Metro Might be Running Out of Tenants

The 602,350-square-foot office building leased to Federal Communications Commission in Washington, D.C. Over three-quarters of the District’s commercial real estate tenants come from just four industries: government, law firms, personal services and…

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July 9, 2018

Pantzer Properties Pays $88 Million for 468-Unit Community in Germantown

Roughly one year after acquiring Bozzuto’s Chatsworth Park community in Manassas, VA, for $115 million, New York City’s Pantzer Properties has dipped into the Washington, D.C., market once again, this time to acquire a 468-unit community along the I-27…

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July 6, 2018

Skanska Acquires Tysons Corner Multifamily Development Parcel

Skanska, a construction and development company founded in Sweden, has acquired a high-density multifamily development site within the eight million-square-foot Scotts Run mixed-use development in Tysons, VA. The parcel, which is located across from…

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July 3, 2018

Multifamily Investors Are Getting Used to ‘Normal’

U.S. housing construction remains low, and still trails population growth, said John Affleck, CoStar’s director of analytics. “Ongoing deliveries of highly-amenitized, high-rent product will limit rent growth at the high end of the market, but older an…

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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

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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