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Apartment Rent Concessions are 'Back With a Vengeance'
It’s the age-old developer’s trade-off. In a market saturated with new apartments, building owners have a decision to make. You can either tolerate higher vacancy rates and hope they don’t last too long. Or, you can offer a month or two of free rent...

CoStar Exclusive: Madison Marquette, PMRG Merging
Madison Marquette, a top real estate investment management firm, and PM Realty Group, a powerhouse in property management and landlord representation, are in talks to merge their firms. The merger will create a new company that blends Madison Marquette...

D.C. Multifamily Development Continues to Move North, East
Pictured: Rendering of the South Capitol Shopping Center redevelopment currently underway in Congress Heights. The project will bring 150 new apartments to Southwest D.C. in 2020.With Washington, D.C.’s building height restrictions and high cost of living...

Meritage Partners with Japanese Investor in $54 Million Purchase of East End Office Bldg.
Meritage Properties, a boutique commercial real estate owner/operator out of New Jersey that targets investment opportunities in the Northeast and Mid-Atlantic, has struck a deal with UBS Global Asset Management Real Estate to acquire a 110,000-square...

Newmark Knight Frank Appoints White to Director in D.C.
Newmark Knight Frank has hired Suzanne White as a director in the firm's Washington, D.C. office. Partnering with Brendan Owen, chairman of asset services, and Morgan Monroe, associate, White will specialize in landlord representation in the Washington...

Bentall Kennedy Taps Domres to Head Up National Multifamily Asset Management Practice
After an extensive nationwide search, private equity real estate manager Bentall Kennedy has hired Melanie Domres to lead its national multifamily asset management team as a senior vice president. A 30-year industry veteran, Domres joins Bentall Kennedy...

Will Apple's New East Coast Campus be in NoVA?
Pictured: Apple’s $5 billion headquarters in Cupertino, CA.With all the attention on Amazon’s search for a second headquarters, Apple has slipped beneath the radar in its quest to open a massive campus on the East Coast. The creator of the ubiquitous...

DivcoWest Lines Up CalSTRS Pension Fund to Back $300 Million Core Investment Venture
Lakewood Center I, a current DivcoWest holding in Austin DivcoWest Real Estate Services, the San Francisco-based real estate investment firm headed by Stuart Shiff, has once again teamed up with the California State Teachers’ Retirement System (CalSTRS)...

Everfi Moving Headquarters to 2300 N St. NW
Everfi, a Washington, D.C.-based tech startup that sells online education courses, will set up a new headquarters in D.C. with a 13-year lease that effectively commits it to the District for the foreseeable future. The company, originally based out...

GSA Misses Target for Reducing 'Improper' Payments to Landlords Last Year
GSA headquarters in Washington, DC. Credit: GSA For the second consecutive year, the U.S. General Service Administration, which oversees much of the federal government's leasing of office and industrial space, was not in compliance with federal laws...

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