News

September 18, 2018

The Key to NoMa’s Office Success: The Federal Government

Three Constitution Square in NoMa. The neighborhood north of Massachusetts Avenue in northeast Washington, D.C., locally known as NoMa, has been among the best-performing office submarkets in terms of absorption over the past year, and its popularit…

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September 17, 2018

Government Properties Income Trust, Select Income REIT To Merge

The 163,425-square-foot Capitol Plaza in Sacramento is among Government Properties Trust’s notable holdings. The RMR Group Inc., an alternative asset management company that manages six publicly traded real estate investment trusts, is merging two o…

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September 13, 2018

Pebblebrook to Sell $1.72 Billion in Hotel Assets to Help Cover $5.2 Billion Purchase Price of LaSalle

Pebblebrook already has agreed to sell three LaSalle properties for $715 million, including Park Central New York, and expects to unload as much as $1 billion in assets.Pebblebrook Hotel Trust Chief Executive Jon Bortz’s plans to bring the two luxury l…

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September 12, 2018

DEA Completes Deal to Remain in Pentagon City Headquarters

The U.S. General Services Administration has finalized a 15-year renewal to extend the Drug Enforcement Administration’s 511,487-square-foot headquarters lease in Pentagon City, confirming a report earlier this year that the agency had ended its search…

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September 12, 2018

Developers, Property Brokers to Seek Amazon HQ2 Clues in Bezos Talk

It took four years for the Economic Club of Washington to confirm one of their most desired speakers: Jeffrey P. Bezos, founder of online retailer Amazon and owner of The Washington Post. But when he addresses the audience in the nation’s capital Thurs…

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September 11, 2018

Southwest/Navy Yard Multifamily Submarket Continues to Absorb New Supply

The 148-unit Incanto in Washington, D.C. Across the board, the Southwest/Navy Yard’s key performance indicators are trending upward. Occupancies as of September were still recovering from the sustained supply over the past few years, but strong quar…

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September 11, 2018

Savills Studley Adds Design Expert in Washington, D.C.

Savills Studley has hired award-winning commercial design veteran Ann Linstrom as the company looks to strengthen its 200-member workplace strategy and occupant experience services platform. Linstrom brings 34 years of experience in project managem…

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September 11, 2018

Savills Studley Adds Design Expert in Washington D.C.

Savills Studley has hired award-winning commercial design veteran Ann Linstrom as the company looks to strengthen its 200-member workplace strategy and occupant experience services platform. Linstrom brings 34 years of experience in project managem…

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September 11, 2018

Australian Global Fund Manager Enters D.C. Hotel Market

One of Australia’s largest hotel owners has made its first foray into the Washington, D.C., hotel market. SB&G Hotel Group, the Melbourne-based hotel division of global fund manager SB&G Group, paid $19.65 million to acquire the Greenbelt Marriott, …

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September 10, 2018

Multifamily Transactions Still Light Through the Third Quarter of 2018 in Downtown D.C.

The 113-unit apartment building at 2144 California St. NW in Washington, D.C. Downtown D.C. sales volume is down relative to the previous few years, but that is mostly because of the record levels set in the early years in the cycle. Compared to his…

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