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07/02/2018
Ashford Hospitality Puts $111 Million Hotel Deal in Old Town to Bed
Ashford Hospitality Trust has wrapped up its acquisition of the Hilton Alexandria Old Town, less than a week after announcing the pending deal. The Dallas-based hotel REIT paid $111 million, or approximately $451,000 per key, to acquire the 252-room...

06/29/2018
Is Anacostia the Next Frontier?
Rendering of the 476-unit Skyland Town Center apartment building in Washington, D.C. The Anacostia-Southeast Washington D.C. area is being touted as the city's next frontier. Several large companies have marked their territory with new developments...

06/29/2018
Is Silicon Valley Finding a Home in D.C.?
The Class A, 403,622-square-foot One Dulles Tower at 13200 Woodland Park Rd. in Herndon, VA When most people think of tech companies such as Facebook, Amazon, or Yelp, they think of the Bay Area, the high-tech hub of the U.S. And while many of these...

06/27/2018
624-Unit Apartment Complex Hits the Market in Fairfax, Expected to Fetch $175 Million
The 45-year-old Circle Towers apartment complex in suburban Washington, D.C. is up for grabs, and is being pitched as a pure value-added play. The three 13-story towers at 9335 Lee Highway in Fairfax, VA, comprise 624 units, 12,000 square feet of retail...

06/27/2018
First Quarter Outstanding Commercial/ Multifamily Mortgage Debt Grows the Most Since Before Great Recession
The Mortgage Bankers Association reported that level of commercial/multifamily mortgage debt outstanding increased by $44.3 billion in the first quarter of 2018 as all four major investor groups increased their holdings, including banks, life insurance...

06/26/2018
New Mixed-Income Development Breaks Ground in Silver Spring
The Housing Opportunities Commission of Montgomery County, Maryland (HOC) broke ground last Monday on a new mixed-income housing development that will add some much-needed affordable housing to suburban Washington, D.C. HOC will invest $34 million...

06/26/2018
Newmark Knight Frank Recruits New Head of D.C. Area Offices
A week after Jones Lang LaSalle named Christopher Molivadas as its new Mid-Atlantic market director, Newmark Knight Frank also elected to shake up its market leadership in the Washington, D.C. area, bringing in former CBRE managing director Ryan Miller...

06/25/2018
Free Time and Fun: the New Must-Haves at Apartments
Boston-based National Devlopment uses an engagement manager and a tenant app to arrange events for residents. The new must-have amenity for luxury apartment projects? Time. During this economic growth cycle apartment developers have engaged in a...

06/22/2018
White House Backs Privatizing Fannie, Freddie as Part of Sweeping Government Reorganization Proposals
Image credit: The White House In an unexpected move yesterday, the White House released a wide-ranging set of recommendations for reorganizing several federal agencies. The 132-page report covers government-wide reorganization proposals that could...

06/22/2018
Has Northern Virginia Seen the Worst of It?
The Class A One Reston Overlook office tower at 12011 Sunset Hills Rd. in Reston, VA Engineering giant Bechtel Corp. announced plans to relocate its global headquarters from San Francisco to Reston, VA by the end of 2018. The move, which ultimately...

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