District of Columbia

U.S. Economy Adds 115,000 Jobs in April, Doubling Expectations from Economists

by John Nelson May 8, 2026

WASHINGTON, D.C. — The U.S. economy added 115,000 nonfarm payroll jobs in April, according to the U.S. Bureau of Labor Statistics (BLS). The gains in April more than doubled expectations from Dow Jones economists, which CNBC reports forecasted 55,000 new jobs. The U.S. unemployment rate remained unchanged from March at 4.3 percent. Among employment sectors, healthcare saw the biggest jump, adding 37,000 jobs in April. This is on par with its 12-month average monthly gain of 32,000. Within the healthcare segment, job growth occurred most in nursing and residential care (15,000) and home healthcare services (11,000). Other sectors that experienced growth last month include retail trade (22,000) and social assistance (17,000). On the flip side, the federal government continues to shed jobs as the U.S. government cut 9,000 positions last month. Since its peak in October 2024, the federal government is down by 348,000 jobs, or 11.5 percent. Similarly, losses continue for the information sector, with 13,000 jobs lost in April. The information sector — which includes telecommunications, motion picture and sound recording, computing infrastructure, data processing and web hosting — has had employment dwindle by 342,000 jobs, or 11 percent, since reaching its apex in November 2022. The BLS …

May 8, 2026

Acquisitions District of Columbia Office Southeast

Forbright Bank, R3 Ventures Acquire 12-Story Office Building in Chevy Chase, Maryland

by John Nelson May 5, 2026

CHEVY CHASE, MD. — Forbright Bank has brought in R3 Ventures in the acquisition of Chase Tower, a 12-story office building located at 4445 Willard Ave. in Chevy Chase, a Maryland suburb of Washington, D.C. Forbright Bank is the anchor tenant of Chase Tower, which has served as the bank’s headquarters since 2020. The property features 227,000 square feet of office space and 18,000 square feet of retail space, including a bank branch for Forbright Bank. The seller and sales price were not disclosed. Cushman & Wakefield represented the new ownership in the transaction, and Eastdil Secured represented the seller. In addition to co-investing in the acquisition, R3 Ventures will oversee asset management duties at the office building, including the leasing strategy and capital improvements. The new ownership has also retained JBG Smith as the property manager for the office building.

May 5, 2026

District of Columbia Loans Multifamily Southeast

Meridian Capital Arranges $50M Refinancing for Langston Views Apartments in D.C.

by John Nelson May 5, 2026

WASHINGTON, D.C. — Meridian Capital Group has arranged a $50 million bridge-to-agency loan for the refinancing of Langston Views, a 671-unit apartment complex located at 2300 Marion Barry Ave. SE in Washington, D.C. Meridian Capital arranged the financing through NewBridge Lending on behalf of the Chicago-based borrower, Clear Investment Group, which purchased the residential property from foreclosure in December 2024. Since acquisition, Clear has invested in capital improvements to Langston Views, including 24/7 onsite personnel, a fob entry system, new swimming pool and a community room. Built in 1966, the property comprises two 12-story residential towers and multiple garden-style apartment buildings. The development was 85 percent occupied at the time of financing.

May 5, 2026

Acquisitions District of Columbia Mixed-Use Office Southeast Top Stories

BXP Sells 50 Percent Stake in Marriott Headquarters Building in Bethesda, Maryland at $430M Valuation

by John Nelson April 21, 2026

BETHESDA, MD. — BXP (NYSE: BXP), the company formerly known as Boston Properties, has sold a 50 percent ownership interest in the corporate headquarters building for global hotelier Marriott International Inc. in downtown Bethesda. The Boston-based real estate development and management firm delivered the 21-story office tower in 2021 and is now selling its stake to its joint venture partner, The Bernstein Cos., at a $430 million valuation. Tommy Cleaver, Bill Shanahan, Dan Grimes and Chloe Neal of CBRE represented BXP in the sale. BXP’s net proceeds in the sale came out to $83 million. In addition to LEED Gold and Fitwel certifications, the Marriott office tower has features a rooftop terrace; grand lobby with an LED wall and three-story atrium; 7,500-square-foot fitness center; collaboration space; two dining offerings; 11,000-square-foot childcare center; and an innovation center with a test kitchen. According to Marriott, the office tower can accommodate roughly 3,500 workers across 2,842 workspaces. The hotel giant fully debuted the tower in fall 2022. “This remarkable headquarters is the result of a shared vision and a strong partnership with BXP,” says Adam Bernstein, president and CEO of The Bernstein Cos. “Together, we delivered a world-class building for Marriott International’s global headquarters …

April 21, 2026

Affordable Housing Development District of Columbia Multifamily Southeast

NRP Group, MHCDO Break Ground on 109-Unit Mixed-Income Community in D.C.

by John Nelson April 15, 2026

WASHINGTON, D.C. — The NRP Group and housing nonprofit Marshall Heights Community Development Organization (MHCDO) have broken ground on The Waymark, a 109-unit mixed-income housing community located at 4435 Benning Road NE in Washington, D.C. Situated in the city’s Ward 7 near the Benning Road Metro station, the nine-story property will feature studio, one-, two- and three-bedroom units reserved for families and individuals earning up to 30, 50 and 80 percent of the area median income (AMI), with 22 units reserved as permanent housing for individuals at risk of homelessness. Future residents will be one Metro stop away from RFK Stadium, the future home of the Washington Commanders NFL team. Amenities at The Waymark will feature a multi-use space on the first floor, a fitness center and onsite resident programs, including financial literacy workshops and job readiness training. Financial partners include DC Department of Housing and Community Development (DHCD), which provided debt; the DC Housing Finance Agency (DCHFA), serving as the bond issuer; and DC Green Bank, supporting sustainable development initiatives. Private sector partners include KeyBank Real Estate Capital as the lender and U.S. Bank as the tax credit investor. NRP Group and MHCDO plan to deliver the community by the …

April 15, 2026

District of Columbia

BLS: U.S. Economy Adds 178,000 Jobs in March, More Than Tripling Expectations

by Abby Cox April 6, 2026

WASHINGTON, D.C. — Total nonfarm employment in the United States increased by 178,000 jobs in March, according to the U.S. Bureau of Labor Statistics (BLS). This figure shows a reversal from the 133,000 decline in February (revised down from -93,000) and an improvement from the 59,000 figure expected by Dow Jones economists, according to CNBC. February’s number was revised down by 41,000 while January was revised up by 34,000 to 160,000, putting the three-month average around 68,000, as reported by CNBC. The unemployment rate, currently sitting at 4.3 percent, changed little in March. Job gains primarily occurred in healthcare, construction, transportation and warehousing, while federal government employment continued to decline. The healthcare sector led the way adding 76,000 jobs, including gains in ambulatory health care services (+54,000), reflecting an increase of 35,000 jobs in offices of physicians as workers returned from a strike. Employment also increased in hospitals (+15,000). Over the past year, healthcare has added an average of 29,000 jobs per month. Construction grew by 26,000 jobs in March but has shown little new change over the previous 12 months. Transportation and warehouse added 21,000 jobs, with gains in couriers and messengers (+20,000); however, transportation and warehousing is down …

April 6, 2026

District of Columbia Market Reports Maryland Mixed-Use Restaurant Retail Southeast Southeast Market Reports Virginia

Mid-Atlantic Retail Market Is Experiencing Methodical Growth

by John Nelson March 30, 2026

Retail real estate across the Mid-Atlantic is having a moment — but it’s a disciplined one. As fundamentals remain healthy in Virginia, Maryland and Washington, D.C., the region is seeing a notably more selective approach to retail growth. Years of limited new development, zoning constraints and rising construction costs have tightened supply, pushing owners, investors and municipalities to be far more intentional about what gets built — and where. Sources interviewed for this article point to the sustained demand for well-located shopping centers, such as those anchored by strong tenants, daily-needs retailers and dense surrounding populations.“Retail today is about durability,” states Mike Castellitto, chief operating officer of Broad Reach Retail Partners. “Assets that serve essential, repeat-use visitors continue to outperform and attract both tenants and investors.” Shifting consumer preferences in VirginiaFrom Washington, D.C.’s dense suburban corridors to fast-growing secondary markets, Virginia’s retail real estate landscape remains one of the Mid-Atlantic’s steadiest performers. The Commonwealth’s strongest retail fundamentals are often seen in Northern Virginia and select regional hubs like metro Philadelphia, Virginia Beach and Richmond, where household income growth and population density create robust demand. Jim Ashby, senior vice president of the Retail Services Group at Cushman & Wakefield | Thalhimer, …

March 30, 2026

Affordable Housing District of Columbia Loans Southeast

DCHFA Provides Financing for 178-Unit Affordable Housing Redevelopment in D.C.

by Abby Cox March 27, 2026

WASHINGTON, D.C. — The District of Columbia Housing Finance Agency (DCHFA) has provided financing to rehabilitate Henson Ridge II, a 178-unit affordable housing community located in the Douglass neighborhood of Ward 8 in Washington, D.C. DCHFA issued $40 million in tax exempt bonds, along with $37.5 million in federal Low Income Housing Tax Credit (LIHTC) equity and $9.3 million in District of Columbia LIHTC equity. Urban Atlantic Development LLC and Capitol Housing Partners LLC (a subsidiary of the DCHA) are the developers planning to rehabilitate Henson Ridge II. The proposed $103 million rehabilitation is made up of 64 LIHTC units and 114 project-based voucher (PBV) units. The scope of work for the rehabilitation includes replacement of roofs, windows, doors, kitchens and bathrooms, as well as improvements to modernize the HVAC/mechanical systems. The mix of units consists of 52 one-bedroom, 28 two-bedroom, 50 three-bedroom, 38 four-bedroom and 10 five-bedroom units. All units will be reserved for residents earning 30 and 60 percent or less of the area median income (AMI). The 30 percent AMI units will benefit from PBV operating subsidies.

March 27, 2026

Acquisitions District of Columbia Office Southeast

Stream Realty Arranges $52.5M Sale of Watergate 600 Office Building in D.C.

by John Nelson March 10, 2026

WASHINGTON, D.C. — Stream Realty Partners has arranged the sale of Watergate 600, a 12-story, 316,000-square-foot office building located at 600 New Hampshire Ave. N.W. in Washington, D.C.’s East End district. The buyer and sales price were not disclosed, but the Washington Business Journal reports that an affiliate of locally based Jetset Hospitality purchased the building for $52.5 million. Elme Communities, formerly known as Washington Real Estate Investment Trust, sold the property amid liquidating all of its assets and dissolving its business, according to the Washington Business Journal. Matt Pacinelli, Charlie Smiroldo and Lukas Stanat of Stream Realty represented Jetset in the transaction, while JLL represented the seller. The new owner has tapped Pacinelli, along with Tim McCarty, John Klinke and Josh McDonald of Stream Realty, to handle leasing at Watergate 600, which has a 125,000-square-foot top-block office space available. Amenities at the waterfront office building include a wraparound terrace on the seventh floor offering views of the Potomac River, a new lobby designed by LSM, new conference and event facilities, a modern fitness center and newly updated windows and elevators.

March 10, 2026

District of Columbia

BLS: U.S Economy Loses 92,000 Jobs in February, Unemployment Rate Rises

by Abby Cox March 6, 2026

WASHINGTON, D.C. — The U.S. Bureau of Labor Statistics (BLS) has reported that the U.S. economy lost 92,000 jobs in February, compared to the previously estimated gain of roughly 50,000 by Dow Jones economists, according to CNBC. Meanwhile, the U.S. unemployment rate slightly increased to 4.4 percent. The BLS has also downwardly revised the December job gains from +48,000 to -17,000, a difference of 65,000. With the revision, the U.S. economy has now posted job losses in three of the past five months. (The BLS also revised January’s gains but only slightly, from +130,000 to +126,000 jobs.) The healthcare sector, which has been the primary growth driver in payrolls, saw a loss of 28,000 jobs in February, largely due to a strike at Kaiser Permanente in Hawaii and California. Offices of physicians lost 37,000 jobs in February, while hospitals added 12,000 jobs. Information services also lost jobs (-11,000), as part of a 12-month trend in which the sector has forfeited an average of 5,000 jobs per month, CNBC reported. Additionally, federal government employment declined by 10,000 for the month, and is down by 330,000 jobs since October 2024. The BLS reports that transportation and warehousing saw a reduction (-11,000), with …

March 6, 2026

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