News

December 20, 2017

CoStar Market Insights: Apartment Supply Wave Continues in D.C. Metro

The Washington, D.C. metro has experienced an unprecedented supply wave this cycle, adding more than 12,000 units per year since 2014, resulting in a 13% increase in inventory. And supply does not show signs of slowing in the near-term, with almost…

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December 20, 2017

Oceana Leases 24,655 SF in Downtown D.C.’s Blake Building

Oceana, an international non-profit organization, signed a 12-year lease for 24,655 square feet in the office building at 1025 Connecticut Ave. NW in Washington, D.C. Known as the Blake Building, the 12-story property totals 353,236 square feet adj…

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December 19, 2017

GSA Finalizes 432,000-SF Lease in The Portals II

The General Services Administration (GSA) has signed a 15-year lease on behalf of the Pension Benefit Guarantee Corp. (PBGC) for 432,000 square feet in the Federal Communications Commission’s former headquarters at The Portals II in southwest Washingto…

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December 19, 2017

CIS to Relocate Headquarters to Ashburn Crossing

CIS Secure Computing signed a lease with St. John Properties that will see the communications and computing solutions provider relocate its corporate headquarters from Dulles to 65,000 square feet across two buildings within Ashburn Crossing in Ashburn…

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December 18, 2017

Aldi Opening New 32,700-SF Location in Rockville

Aldi, the German discount grocery store chain, signed a lease to backfill HHGregg’s 32,742-square-foot space in the Congressional North Shopping Center in Rockville, MD. The 176,800-square-foot retail shopping center was constructed in 1997 near the…

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December 17, 2017

CoStar Market Insights: Apartment Supply is on the Upswing in the District

Rent growth is in the doldrums and vacancy is above the national average, but D.C.’s homeownership rate continues to fall and developers are happy to oblige those new renters with shiny new supply, which will make 2018 another year of elevated deliveri…

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December 14, 2017

Calypso St. Barth to Liquidate All Stores Nationwide

Luxury women’s lifestyle brand Calypso St. Barth is liquidating and closing all of its stores following its bankruptcy filing late last month. Founded on the Caribbean island of Saint Barthélemy in 1992, the luxury lifestyle brand operated 26 boutiq…

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December 14, 2017

Calypso St. Barth To Liquidate All Stores Nationwide

Luxury women’s lifestyle brand Calypso St. Barth is liquidating and closing all of its stores following its bankruptcy filing late last month. Founded on the Caribbean island of Saint Barthélemy in 1992, Calypso St. Barth is well known as a luxury l…

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December 12, 2017

Morning Calm Management Picks Up Metro Plex I and II

Morning Calm Management closed on its second ever D.C.-area investment with the purchase of Metro Plex I and II in Landover, MD from Redus Properties. The real estate investment and management firm out of West Palm Beach, FL, which also owns the Cap…

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December 12, 2017

Morning Calm Management Picks Up Metro Plex I and II

Morning Calm Management closed on its second ever D.C.-area investment with the purchase of Metro Plex I and II in Landover, MD from Redus Properties. The real estate investment and management firm out of West Palm Beach, FL, which also owns the Cap…

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