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09/21/2018
Office Rents in D.C. Metropolitan Area Continue To Struggle
A 34,000-square-foot office building under construction in the Route 28 Corridor North submarket in Sterling, Virginia. Vacancies dropped notably in early 2017, but have remained relatively stable -- and high -- ever since. The elevated vacancies,...

09/20/2018
Llewellyn Joins St. John Properties
Eric Llewellyn joined St. John Properties as a retail leasing representative in Frederick, Maryland. 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...

09/20/2018
'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...

09/20/2018
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 into...

09/19/2018
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...

09/18/2018
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 popularity...

09/17/2018
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...

09/14/2018
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...

09/13/2018
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...

09/12/2018
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 quarterly...

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