News

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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September 24, 2018

Digital Realty Launches $1 Billion Offering to Fund 424-Acre Purchase to Meet Surging Data Center Growth in Northern Virginia

Demand for data storage space in Northern Virginia has surged to seemingly insatiable levels. Digital Realty, a publicly traded data center real estate investment trust, is betting on surging demand for data storage property in Northern Virginia, on…

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September 21, 2018

Office Rents in D.C. Metropolitan Area Continue To Struggle

The Class A Loudoun Gateway IV office building in Dulles, Virginia. Vacancies dropped notably in early 2017, but have remained relatively stable — and high — ever since. The elevated vacancies, which are more than 300 basis points above the nation…

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September 21, 2018

Morgan Properties Pulls Trigger on $62.3 Million Multifamily Buy in Alexandria, Virginia

Mid-Atlantic multifamily investor Morgan Properties expanded its Northern Virginia holdings with the purchase of the Bennington Crossings in Alexandria in a $62.3 million deal with Washington, D.C., investment and management firm, JBG Smith. The own…

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September 20, 2018

Llewellyn Joins St. John Properties

Eric Llewellyn joined St. John Properties as a retail leasing representative in Baltimore. In his new role, Llewellyn will support the leasing and lease renewal activities for the firm’s retail portfolio consisting of more than 2 million square feet o…

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September 20, 2018

‘Northern Virginia Lands Amazon HQ2!’ Hotel Owner Touts Hopefully in Press Release

The “new” Courtyard by Marriott Dulles Airport Herndon at 13715 Sayward Blvd. in Northern Virginia. (Image credit: Business Wire). How comfortable – or brazen – are firms becoming at assuming Amazon has zeroed in on Northern Virginia as the location f…

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September 20, 2018

Investors Hurry Up and Wait To Invest in ‘Opportunity Zones’

A potential surge in commercial property investment in economically distressed areas is building up as investors await final guidelines coming from the federal government. Tax incentives were broadly written into the Tax Cuts and Jobs Act signed int…

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September 19, 2018

CBRE Cap Rate Survey – 1st Half 2018

Cap Rate Survey_H1 2018

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September 18, 2018

Apartment Rent Growth in D.C.’s Southwest/Navy Yard Neighborhoods Nears New Highs

A 28-unit apartment building under construction at 1402 H St. NE in Washington, D.C. Despite having the most units under construction, Southwest/Navy Yard posted impressive rent gains year-over-year. Rent growth over the past 12 months ranked in the…

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September 18, 2018

D.C.’s Southwest/Navy Yard Multifamily Submarket Rent Growth Approaching Highs

A 28-unit apartment building under construction at 1402 H St. NE in Washington, D.C. Despite having the most units under construction, Southwest/Navy Yard posted impressive rent gains year-over-year. Rent growth over the past 12 months ranked in the…

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