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Real Estate

DC Fiscal Policy Report Recommends Doubling Investment in Affordable Housing

A new report by the think tank D.C. Fiscal Policy Institute (FPI) says that rising costs of construction are also causing an increase in the cost of affordable-housing.
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DC Ranks Eighth Most Expensive Metro to Buy Home

Washington, D.C. area ranks eighth among the most expensive metros in the nation for buying a home, according to a new report released by the mortgage resource website HSH.com.
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Liberty Property Trust Sells DC Office Building for $61.75 Million

Liberty Property Trust has sold 1100 17th Street NW, a high-rise 146,979 square foot office building in Washington, D.C., in a deal worth $61.75 million.
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DC to Renovate 2,400 Public Housing Units over Two Years

D.C. is planning to take steps to renovate thousands of public housing units whose conditions have deteriorated over the years.
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Hotel Palomar Washington DC Sold for $141.5 Million

Kimpton Hotel Palomar Washington, D.C., a 335-room hotel located at 2121 P Street NW, has been sold by Pebblebrook Hotel Trust in a deal worth $141.5 million.
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Workplace Services Company Convene Signs New Deals to Increase DC Footprint

The New York City-based workplace services company Convene has signed two new deals in Washington, D.C. in the East End and Penn Quarter, totaling 152,000 square feet.
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Target Signs Lease for New Store in Tenleytown

As part of its continued expansion in the D.C. region, retail giant Target has signed a 46K SF lease at CityLine to open a new small-format store in a recently vacated building in Tenleytown, 4500 Wisconsin Ave. NW, according to the commercial real estate company CBRE.
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Office Properties Sells 34 Commercial Buildings in Metro DC for $199M

A portfolio of 34 commercial buildings in the Washington, D.C. metro area have been sold by the real estate investment trust, Office Properties Income Trust (OPI) for a deal of $198.5 million, the company announced in a press release.
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