The DC area ranked first nationally in tech office leasing for Q2–2020, according to Technical.ly (citing research from CBRE). At 1,445,528sf, tech office leasing activity in the DC area increased by 55 percent when compared to Q2–2019. Northern Virginia accounted … Continue reading →
On May 27, Secretary of State Mike Pompeo declared Hong Kong to be no longer autonomous from China. The State Department announcement could enable Congress to end longstanding rights to freer trade and travel between Hong Kong and the U.S. … Continue reading →
The Q1–2019 office vacancy rate for the DC Metro area was 12.9 percent, according to Commercial Observer. By comparison, the nationwide vacancy rate was 9.80 percent for the same quarter. More than 12 million square feet of office space was … Continue reading →
The 768,000sf mixed-use development at 655 New York NW incorporates 19 historic buildings and covers most of the triangle-shaped bock in DC’s Mount Vernon Square neighborhood. A joint venture between Douglas Development and Brookfield Properties, the project is expected to … Continue reading →
PBS, which currently occupies about 134,000sf at 2100 Crystal Drive, has signed a 15-year lease at 1225 S. Clark Street (“Crystal Gateway II”) at National Landing in Crystal City. The public broadcaster and television program distributor will transfer to its … Continue reading →
JBG Smith Properties Inc., the developer of Amazon’s future Virginia headquarters, has sold the 621,000sf Warner Building in DC to CBRE Global Investors for $375.5 million ($606/sf), according to Globest. Built in 1924, the 13-story mixed use property located at … Continue reading →
Located at 720 South Hill Street in LA’s Jewelry District, the seven-story, 105-year-old, 67,000sf Greet Street Building will house tenants dedicated to the cannabis industry. Tenants include a branding and business development consultancy with clients that are in the cannabis … Continue reading →
A CoStar Group assessment of the impact of Hurricane Harvey and the subsequent flooding shows 175 million square feet of commercial space located within Metro Houston’s 100-year flood zone. This total includes 72,000 apartment units and 20 million square feet … Continue reading →
New York-based Rockefeller Group has partnered with The Meridian Group in a 50/50 joint venture for the development of the 437,000sf, 20-story Boro Tower in Tysons Corner, Virginia, according to Bisnow. The Gensler-designed office building is part of a 15-acre, … Continue reading →
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 →