District of Columbia

HH Group Acquires 212-Bed Student Housing Property Near George Washington University

by John Nelson August 18, 2026

WASHINGTON, D.C. — HH Group has acquired Varsity on K, a 212-bed student housing development located near the George Washington University campus in Washington, D.C.’s West End neighborhood. The community offers 197 fully furnished units in studio through three-bedroom configurations. Shared amenities include a fitness center, resident lounge, demonstration kitchen, business center, game lounge, package lockers, private study and meeting rooms and an outdoor courtyard with dining areas, grilling stations and a fire pit. The seller and terms of the transaction were not released. The new ownership plans to begin a comprehensive repositioning program at the property, to include rebranding the community as Haven on K; refreshed common areas; the addition of expanded amenity offerings; and common area, security and building system upgrades. The community will be managed by HH Red Stone, the company’s vertically integrated property management arm.

August 18, 2026

District of Columbia Southeast

BLS: U.S. Economy Unexpectedly Loses 23,000 Jobs in July

by Abby Cox August 10, 2026

WASHINGTON, D.C. — Total nonfarm employment in the United States decreased by 23,000 jobs in July, according to the U.S. Bureau of Labor Statistics (BLS). Not only did July show an unexpected decline from the 83,000-figure forecasted by Dow Jones economists as reported by CNBC, but the BLS also revised both May and June’s job reports by a combined 103,000 jobs. The counts for May and June were +63,000 and +20,000, respectively. The unemployment rate simultaneously edged down to 4.1 percent — its lowest level since June 2025 — due mostly to another significant decline in the labor force. Among employment sectors, healthcare continued its upward trend with +22,000 jobs, but at a slower pace than the average monthly gain over the previous 12 months (+36,000). Within the sector, ambulatory services added 18,000 jobs. Retail trade lost 19,000 jobs in July as employment declined in warehouse clubs, supercenters and other general merchandise retailers (-21,000), as well as in gas stations and fuel dealers (-5,000). Many national media outlets are reporting that retailers are cutting costs and slowing down hiring due to wider economic pressures, like higher tariffs and inflation. However, sporting goods, hobby, musical instrument, book and miscellaneous retailers added 10,000 …

August 10, 2026

Acquisitions District of Columbia Office Southeast

PRP Acquires 116,385 SF Office Tower in Downtown D.C.

by Abby Cox August 7, 2026

WASHINGTON, D.C. — PRP Real Assets has acquired 900 19th Street NW, a 116,385-square-foot office tower located in Washington D.C’s Central Business District, roughly three blocks west of the White House. According to the Washington Business Journal, the property sold for $30 million. The previous owner, Tishman Speyer, completed a base-building and aesthetic redevelopment of the property, which featured a full-height glass curtain wall replacement, lobby reconstruction, elevator modernization and the addition of a fitness center, tenant lounge, conference facility and rooftop terrace. Approximately 50,000 square feet is available for lease, according to PRP.

August 7, 2026

District of Columbia Leasing Activity Office Southeast

Columbia Property Trust Signs 72,000 SF of Leases at Office Tower in Downtown D.C.

by Abby Cox July 31, 2026

WASHINGTON, D.C. — Columbia Property Trust has signed a mix of six office and restaurant leases at 1800 M Street, a recently repositioned, 565,000-square-foot office tower located in Washington, D.C.’s Central Business District. Totaling approximately 72,000 square feet, the deals include new arrivals, extensions, an expansion and two renewals. Boutique law firm Wilkinson Barker signed an eight-year extension for its 33,971-square-foot office; an unnamed communications and public affairs firm signed a 6,288-square-foot expansion and an eight-year extension, where its footprint will grow to 15,061 square feet; the Association of Women’s Health, Obstetric and Neonatal Nurses (AWHONN) signed a nine-year renewal for 9,574 square feet; and the American Academy of Family Physicians signed a new 10-year lease for 9,658 square feet to relocate its former office from the nearby 1133 Connecticut Avenue office building this fall. In addition to office tenants, Columbia has signed Sorn Thai (4,095 square feet) and Italian restaurant Sorella on the ground floor. Over the past two years, the landlord has secured more than 242,000 square feet in leases, bringing 1800 M Street to 83 percent occupied. Columbia also recently renovated the building’s conference facility, lounge, rooftop terrace, lobby and concourse level. Tenants were represented by agents …

July 31, 2026

Acquisitions District of Columbia Office Southeast

Garfield Investments, Broad Creek Capital Buy Office Building in D.C., Plan $10M Renovation

by John Nelson July 30, 2026

WASHINGTON, D.C. — A partnership between Garfield Investments and Broad Creek Capital has purchased 1667 K Street NW, a nearly 200,000-square-foot office building overlooking Farragut Square in Washington, D.C. The undisclosed seller sold the property to the partnership for $26.2 million. Andrew Weir of JLL brokered the transaction. The new ownership has selected Seth Benhard of JLL to lease the office building. JLL will also provide property management services. Garfield plans to invest approximately $10 million in capital improvements at 1667 K Street NW, which will includes installing an amenity floor on the top level.

July 30, 2026

District of Columbia Loans Multifamily Southeast

Cushman & Wakefield Arranges $56.6M Refinancing of Luxury Multifamily Community in D.C.

by Abby Cox July 17, 2026

WASHINGTON, D.C. — Cushman & Wakefield has arranged a $56.6 million loan to refinance The Ellington, a 190-unit luxury multifamily property located at 1301 U St. in Washington, D.C. John Alascio, Alex Hernandez, Marshall Scallan, Meredith Crawford and Will Wohlgemuth of Cushman & Wakefield secured the financing through New York Life Investors on behalf of the borrower, an affiliate of Atlanta-based Jamestown LP. Spanning nine stories tall, The Ellington comprises a mix of one- and two-bedroom apartments. Amenities include a fitness center, yoga studio, recreation room, coworking lounge, rooftop dog park, pet wash station, landscaped rooftop terrace and bike storage, along with 192 parking spaces. The site also includes more than 16,000 square feet of retail space, which is currently 93 percent leased to tenants including Street Markets, Roaming Rooster, 354 Restaurant and Eatopia Eatery. Since acquiring the property in 2018, Jamestown has invested more than $10.7 million in capital improvements, including upgrades to unit interiors, common areas and building systems.

July 17, 2026

Development District of Columbia Multifamily Southeast

NMHC Survey: Builders, Developers Optimistic About Long-Term Multifamily Construction Activity

by John Nelson July 9, 2026

WASHINGTON, D.C. — Multifamily developers and construction firms surveyed by the NMHC are optimistic about long-term multifamily construction conditions. According to results of the June 2026 NMHC Quarterly Survey of Apartment Construction & Development Activity, 46 percent of respondents expect conditions to improve (or easier to build) over the next six to 12 months compared to 14 percent of survey takers who expect conditions to worsen. The rest of the respondents either chose conditions to remain the same (35 percent) or “don’t know” (5 percent). The optimism from the second-quarter survey could be in part due to the availability of financing. Fifty-one percent of survey takers expect equity to become more available (compared to 10 percent expecting equity to become less available) over the next six to 12 months, and 28 percent expecting debt financing to become more available (compared to 7 percent expecting debt financing to become less available). While the survey takers were overall hopeful, they are wary of rising construction costs. A majority of respondents (51 percent) expect material costs to rise in line with inflation over the next six to 12 months, while 27 percent expect material costs to increase faster than the rate of inflation. …

July 9, 2026

District of Columbia Southeast

BLS: U.S. Economy Adds 57,000 Jobs in June, Falling Short of Expectations

by John Nelson July 6, 2026

WASHINGTON, D.C. — The U.S. economy added 57,000 jobs in June, according to the U.S. Bureau of Labor Statistics (BLS). The figure is in line with the +36,000 monthly jobs added on average over the past 12 months but well short of May’s job total — which the BLS downwardly revised from 172,000 to 129,000 — as well as the 115,000 jobs forecasted by Dow Jones economists, according to CNBC. The BLS also revised April’s job gains from 179,000 to 148,000, making the employment in April and May combined 74,000 fewer jobs than previously reported. Additionally, the U.S. unemployment rate fell to 4.2 percent. Among employment sectors, professional and business services added the most net new jobs in June (+36,000). The industry has added 172,000 jobs since a recent low in October 2025, according to the BLS. Social assistance added 25,000 jobs in June, which is above its monthly average of 16,000 jobs over the past 12 months, while healthcare continued to add jobs (+22,000) but at a slower clip than its 12-month average (+38,000). Leisure and hospitality employment declined by 61,000 in June, which the BLS attributes to “weaker than usual seasonal hiring” in the sector. Employment showed little …

July 6, 2026

District of Columbia Loans Multifamily Southeast

PCCP Provides $61.3M Loan to Refinance 287-Unit Apartment Community in Washington, D.C.

by Abby Cox July 2, 2026

WASHINGTON, D.C. — PCCP has provided a $61.3 million loan to refinance Parc Riverside East, a 287-unit luxury apartment community located in the Navy Yard neighborhood of Washington, D.C. PGIM and Kennedy Wilson were the borrowers. Built in 2014, Parc Riverside East spans 13 stories and features a range of floorplans including studio, one-bedroom and two-bedroom configurations. Amenities at the property include a fitness center; rooftop swimming pool with sun decks and panoramic views; courtyard spaces with lounge seating; fire pits; grills; bocce courts; a clubroom with private dining and an entertainment kitchen; a pet salon; and a lobby.

July 2, 2026

Acquisitions District of Columbia Southeast Top Stories

U.S. Government Sells Historic Old Post Office Building, Former Trump Hotel in D.C.

by John Nelson June 11, 2026

WASHINGTON, D.C. — The U.S. General Services Administration (GSA), the real estate operations arm of the federal government, has sold the Old Post Office building and former Trump hotel at 1100 Pennsylvania Ave. in Washington, D.C. The building currently operates as a 263-key Waldorf Astoria hotel. Bank BDT & MSD, the owner of the leasehold, acquired the property for $80 million, according to The Wall Street Journal. According to the GSA, the sale is part of an ongoing effort to eliminate costly properties from its asset portfolio. The GSA also recently sold the former Estes Kefauver Federal Building parking garage site in Nashville for $52 million. According to the administration, the Old Post Office Building cost taxpayers approximately $6 million per year prior to 2013, when it was converted into a hotel by the Trump Organization. Since then, the property has received more than $250 million in private-sector investment. “The GSA remains committed to solving long-term problems that exist in the federal portfolio of assets, reducing waste and delivering long-term value to the American people,” the GSA said in a press release. The Old Post Office features the renown 315-foot clock tower, which houses the Bells of Congress, and is the …

June 11, 2026

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