News

September 10, 2018

Former Mack-Cali Chief Rudin Named President of Savills Studley

Mitchell E. Rudin, a veteran New York real estate executive who previously held senior positions at CBRE, Brookfield and Mack-Cali Realty Corp., will join Savills Studley as its next president, succeeding Michael Colacino who is stepping down at the en…

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September 9, 2018

Downtown D.C. Multifamily Submarket Experiencing Rent Increases

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 …

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September 7, 2018

Following HQ Sale, Discovery Secures 60,000-SF Space in Silver Spring for Scaled Down Maryland Network Hub

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…

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September 6, 2018

Vacancies Falling, Strong Absorption in Downtown D.C. Multifamily Submarket

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…

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September 6, 2018

Pebblebrook Wins Bidding War for LaSalle

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…

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September 6, 2018

D.C.’s Apartment Market Remains Healthy

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…

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September 5, 2018

LaSalle Properties Calls Pebblebrook Hotel Trust Bid ‘Superior’ to Blackstone Offer

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…

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September 5, 2018

Federal Government and Contractors Continue to Account for Largest D.C. Leases

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…

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September 5, 2018

Winchester Homes Selects Foulger-Pratt’s Park Potomac Development for Regional Headquarters

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…

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September 4, 2018

FCP, Level 2 Sell Transit-Oriented Apartment Development in Takoma for $50 Million

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…

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