News

August 23, 2018

Record Demand for U.S. Hotels Fuels Pebblebrook Bidding for LaSalle Hotel Properties

Hotel Chicago in Marina City. The bidding war heating up over the portfolio of LaSalle Hotel Properties, which has a new offer from rival real estate investment trust Pebblebrook Hotel Trust that’s higher than a Blackstone Group bid, reflects a new …

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August 22, 2018

Hilton Expands Executive Committee, Promotes Longtime Company Veteran to President of Americas Region

Global hospitality company Hilton has selected a new leader to oversee its growth strategy across the Americas. Effective September 4, 30-year company veteran Danny Hughes will be responsible for growing Hilton’s managed portfolio across North, Cen…

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August 22, 2018

World Learning Signs Early Extension for Headquarters Space in D.C.

World Learning, Inc. agreed to an early extension for the company’s headquarters space at 1015 15th St. NW in downtown Washington, D.C. The 501 international nonprofit organization, which focuses on international development, education and exchang…

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August 21, 2018

Transwestern Appoints New Executive Vice President of Tenant Advisory Services Practice

Transwestern has brought in a former managing director with Cushman & Wakefield to help bolster the firm’s tenant advisory services practice in Northern Virginia. Based in the firm’s Tysons Corner office, newly named executive vice president Michael…

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August 21, 2018

Anbang May Benefit From Capital Flowing Into Luxury Hotel Properties

Mack Real Estate Credit Strategies provided $290 million to refinance Manhattan at Times Square Hotel. A $503 million refinancing over the past week for three prominent hotels in New York, Miami and Washington, D.C., signifies there is no shortage of …

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August 16, 2018

Dupont Circle Office Building, Home to The Palm Restaurant, Sells in Two Transactions

The Jefferson Building, a boutique office building home to a mainstay on Washington, D.C.’s power dining scene, has sold in two transactions for $41.9 million. Marcus Partners, Inc., a Boston-based investment, management and development firm, acqu…

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August 16, 2018

Suburban Offices Draw Renewed Interest From Commercial Mortgage-Backed Securities Lenders

Investor TPG acquired Millennium Corporate Park, a six-building suburban office portfolio in Redmond, Washington, last month for $153.49 million.Suburban office properties are drawing renewed interest from commercial mortgage-backed securities lenders …

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August 16, 2018

Scheer Partners Names Two New Principals

Scheer Partners, a commercial real estate services firm headquartered in the Washington, D.C., suburb of Rockville, Maryland, has named industry veterans Julian P. Etches and Joe Donegan as principals within the firm’s investment sales group. Etche…

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August 15, 2018

Cologix Purchases 22.6 Acres in Ashburn for Potential 1 Million-SF Data Center Campus

A Denver-based data center developer has paid a record price for a land site in Ashburn, Virginia, where the company plans to develop a new one million-square-foot data center campus. Cologix paid $38 million or $1.68 million per acre, to the Christ…

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August 14, 2018

Arlington’s Ballston Place Trades in Largest Multifamily Sale Year-to-Date in D.C. Market

The U.S. arm of Swedish real estate company Akelius has acquired a 24-story apartment tower in Arlington, Virginia, in the largest single multifamily transaction in the Washington, D.C., market this year. Akelius US LLC paid $169 million for Ballsto…

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