Built in 1981, the property at 2501 M Street NW is undergoing a conversion from a Class B office (with three floors of condos on top) to a 59-unit multi-family condominium building with retail on the ground level. PRP Real … Continue reading →
New York-based Vornado Realty Trust, in partnership with The JBG Companies, is one of three finalists bidding for an approximately $1.7 billion contract to build a new FBI headquarters building in the suburbs of DC, according to ABC News. In … Continue reading →
Under a new law, Utah restaurants can remove partitions, known as Zion curtains which hide bartenders preparing alcoholic drinks. These partitions, which are required to be solid, translucent, and permanent are typically made of frosted glass and are intended to … Continue reading →
San Francisco-based Terreno Realty Corporation has acquired a 10.6-acre complex at 422-470 Frelinghuysen Avenue for $16.3 million, according to Business Wire. The property, which sits adjacent to Newark Liberty International Airport, is vacant with an estimated stabilized cap rate of … Continue reading →
The rule of 70 is fast method to estimate the amount of time it takes for a certain variable to double, regardless of what the variable represents. To estimate the amount of time it takes Stress is one of the … Continue reading →
Xceligent, a national commercial real estate data firm filed an antitrust
Continue reading →In 2016, half of all the capital investment in U.S. manufacturing was in chemical plants, up from less than 20 percent in 2009, according to Morningstar (citing Census Bureau data). According to the American Chemistry Council there are $185 billion … Continue reading →
Warren Buffett’s Berkshire Hathaway Inc. has invested $377 million for a 9.8 percent stake in Store Capital Corp., a net-lease REIT that focuses on service tenants such as day care centers, health clubs, restaurants and supermarkets. Less than a twenty … Continue reading →
New York-based Union Square Hospitality Group (USHG) has partnered with Property Group Partners, the developer of the new five-building, 2.2 million square feet, mixed-use Capitol Crossing to develop a dining concept as an anchor tenant, according to PR Newswire. The … Continue reading →
At 1,100 feet, the Wilshire Grand Center is the tallest building west of the Mississippi River and the 9th tallest building in the United States, according to The Skyscraper Center. Owned by Seoul-based Hanjin Group (which is also the holding … Continue reading →