District of Columbia Archives - REBusinessOnline https://rebusinessonline.com/category/southeast/district-of-columbia/ Commercial Real Estate from Coast to Coast Wed, 11 Feb 2026 15:53:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.1 https://rebusinessonline.com/wp-content/uploads/2020/09/cropped-REBusiness-logo-512px-32x32.png District of Columbia Archives - REBusinessOnline https://rebusinessonline.com/category/southeast/district-of-columbia/ 32 32 U.S. Economy Adds 130,000 Jobs in January, Doubling the Expectation from Economists https://rebusinessonline.com/u-s-economy-adds-130000-jobs-in-january-doubling-the-expectation-from-economists/ Wed, 11 Feb 2026 13:51:00 +0000 https://rebusinessonline.com/?p=450260 WASHINGTON, D.C. — The U.S. economy has added 130,000 new jobs in January, according to the delayed employment summary from the U.S. Bureau of Labor Statistics (BLS). The gain more than doubles the expectations from Dow Jones economists, who forecasted 55,000 new jobs to be added, according to CNBC. The unemployment rate also came in better than expected, declining by 10 basis points to 4.3 percent. Additionally, the BLS made minimal revisions from November and December. Combined the revisions totaled 17,000 fewer jobs. Among employment sectors, healthcare led the pack in January by adding 82,000 jobs. Within the sector employment was concentrated in ambulatory services (50,000), hospitals (18,000) and nursing and residential care (13,000). Job growth in healthcare averaged 33,000 jobs in 2025, according to the BLS. Other sectors that saw significant gains in January include social assistance (42,000) and construction (33,000). Federal government employment continued to decline, with 34,000 job losses registered in January. The BLS notes that some federal employees who accepted a deferred resignation offer in 2025 officially came off federal payrolls last month. Since reaching a peak in October 2024, federal government employment is down by 327,000, or 10.9 percent. Many of the job cuts can…

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DC Green Bank, Nuveen Green Provide $42M C-PACE Loan for Hotel Conversion Project in D.C. https://rebusinessonline.com/dc-green-bank-nuveen-green-provide-42m-c-pace-loan-for-hotel-conversion-project-in-d-c/ Tue, 10 Feb 2026 15:06:33 +0000 https://rebusinessonline.com/?p=450128 WASHINGTON, D.C. — DC Green Bank and Nuveen Green Capital have closed $42 million in C-PACE financing for a hotel conversion project in Washington, D.C. The project is a repositioning of a former warehouse in the city’s Georgetown district into the new 230-room citizenM Georgetown hotel. The borrower, Another Star, will operate the hotel upon completion of the conversion, which is expected for this summer. The project will include installing efficient HVAC, water heaters, insulation and lighting systems, which are estimated to save the property owner approximately $46,000 in utility costs per year. Another Star manages 37 citizenM hotels in the United States and Europe.

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Newmark Arranges $99M Loan for Refinancing of Hotel at The Wharf in D.C. https://rebusinessonline.com/newmark-arranges-99m-loan-for-refinancing-of-hotel-at-the-wharf-in-d-c/ Mon, 09 Feb 2026 15:04:07 +0000 https://rebusinessonline.com/?p=450073 WASHINGTON, D.C. — Newmark has arranged a $99 million loan for the refinancing of the Intercontinental Washington, D.C. – The Wharf, a 278-room hotel located within The Wharf, a 3.5 million-square-foot mixed-use development on the southwest Washington, D.C., waterfront. Jordan Roeschlaub, Nick Scribani, Tyler Dumon and Tate Keir of Newmark arranged the loan through Morgan Stanley on behalf of the borrower, CarrAmerica, a locally based real estate investment, development and management firm. Completed in 2017, the 250,000-square-foot hotel spans 12 stories and features a first-floor restaurant, as well as 6,000 square feet of retail space. Guest amenities include a 5,000-square-foot ballroom, 4,000 square feet of meeting space, a spa, fitness center, restaurant bar and lounge, rooftop pool and bar and an underground parking garage.

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Carr Properties, Barings Purchase 12-Story Office Building in Downtown D.C. https://rebusinessonline.com/carr-properties-barings-purchase-12-story-office-building-in-downtown-d-c/ Tue, 27 Jan 2026 14:15:42 +0000 https://rebusinessonline.com/?p=449154 WASHINGTON, D.C. — A partnership between Carr Properties and Barings has purchased a 12-story office building located at 1401 New York Ave. NW in downtown Washington, D.C. Eastdil Secured represented the undisclosed seller in the transaction. The sales price was also not disclosed. The new ownership plans to fully renovate the 211,500-square-foot building with a new enclosed amenity space on the rooftop, as well as upgrades to the office building’s lobby, fitness center and conference facilities. Current tenants at the LEED Gold-certified building include Boies Schiller Flexner, Capstone, Vedder Price and Nossaman.

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Demand for Trophy Buildings Sets the Tone for D.C.’s Office Market https://rebusinessonline.com/demand-for-trophy-buildings-sets-the-tone-for-d-c-s-office-market/ Tue, 13 Jan 2026 12:48:00 +0000 https://rebusinessonline.com/?p=448256 Fundamental macroeconomic changes in the U.S. office market, combined with the enduring resilience of Washington, D.C., make this a unique moment for investment in the region’s office sector. Forward-thinking, data-driven analysis will uncover unprecedented opportunities. Persistent flight-to-quality trends continue to drive a polarization of the D.C. office market more severely than the national average, with trophy vacancy lower and commodity vacancy higher than the overall U.S. office market.  Recent sharp federal government cutbacks have caused uncertainty throughout 2025, driving additional occupancy loss in the commodity segment of the market, while a resilient private sector shows seemingly endless demand for top-quality space.  Overall, midsized and large private sector tenants in the market plan to grow by an aggregate 350,000 square feet. Expected growth will be driven by law firms, higher education institutions, business and financial services firms and trade associations, including several new-to-market tenants.  As a result, standard Class A and B/C vacancy rates are hovering at historic highs of 24 percent and 26 percent, respectively, while trophy vacancy sits at a historic low of 10.2 percent. The overwhelming majority of large and mid-sized blocks of top-quality space are also encumbered.  If trophy space continues to be absorbed at the same…

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BLS: U.S. Economy Adds 50,000 Jobs in December, Unemployment Rate Falls https://rebusinessonline.com/bls-u-s-economy-adds-50000-jobs-in-december-unemployment-rate-falls/ Mon, 12 Jan 2026 14:36:51 +0000 https://rebusinessonline.com/?p=448079 WASHINGTON, D.C. — The U.S. economy has added 50,000 non-farm payroll jobs in December, according to a report from the U.S. Bureau of Labor Statistics (BLS). The December figure fell short of the downwardly revised 56,000 in November and short of the Dow Jones estimate for 73,000, according to CNBC. The BLS also revised downward the employment figures for October, from a loss of 68,000 jobs to -173,000. Over the course of 2025, payroll gains averaged 49,000 per month, compared with 168,000 in 2024. Meanwhile, the unemployment rate edged down slightly to 4.4 percent, which reflected small shifts in the household survey rather than a surge in hiring. Federal government employment changed little in December (+2,000), but since reaching a peak in January, employment is down by 277,000 jobs. Additionally, retail trade lost 25,000 jobs in December. Over the month, employment declined in warehouse clubs, supercenters and other general merchandise retailers (-19,000) and food-and-beverage retailers (-9,000). However, electronics and appliance retailers added 5,000 jobs. Jobs gains in December were primarily concentrated in service-oriented sectors, such as food services and drinking places (+27,000), healthcare (21,000) and social assistance (17,000). Employment showed little or no change over the month in other major industries,…

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Nuveen Green Capital Provides $465M C-PACE Financing for Office-to-Residential Conversion Project in D.C. https://rebusinessonline.com/nuveen-green-capital-provides-465m-c-pace-financing-for-office-to-residential-conversion-project-in-d-c/ Wed, 07 Jan 2026 13:00:00 +0000 https://rebusinessonline.com/?p=447848 WASHINGTON, D.C. — Nuveen Green Capital (NGC) has provided $465 million in C-PACE financing for The Geneva, an office-to-residential conversion project in Washington, D.C. The transaction represents the largest Commercial Property Assessed Clean Energy (C-PACE) financing in history as well as D.C.’s largest office-to-residential conversion to date, according to NGC. The borrower, Philadelphia-based developer Post Brothers, also received a $110 million senior loan from investment firm Mavik, bringing total financing to $575 million. The project’s overall price tag is $750 million, according to The Wall Street Journal. Located at 1825-1875 Connecticut Ave. NW, the 604,000-square-foot office property is comprised of two nine-story towers at the confluence of D.C.’s upscale Kalorama, Dupont Circle and Adams Morgan neighborhoods. The property will be converted into a 15-story luxury apartment building with 429 market-rate units, 42 extended-stay rentals, 61 affordable housing units and 57,000 square feet of commercial space. A timeline for construction was not provided. The $465 million in C-PACE financing was administered through DC Green Bank, which serves as the administrator of the DC PACE program on behalf of the District of Columbia. The DC PACE program is a special financing option for renewable energy projects such as solar, energy efficiency upgrades…

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Has D.C.’s Industrial Sector Shifted to a Tenant’s Market? https://rebusinessonline.com/has-d-c-s-industrial-sector-shifted-to-a-tenants-market/ Mon, 05 Jan 2026 12:50:00 +0000 https://rebusinessonline.com/?p=447608 As 2025 closes, data suggests that the greater metropolitan Washington, D.C., area is stable but, like most markets nationally, remains below the industrial peak values achieved post-pandemic when vacancy rates hovered below 5 percent. That is no surprise, as we may never experience another “perfect storm” scenario in our lifetimes. The overall market for industrial buildings 100,000 square feet and larger is a healthy 6.3 percent, inclusive of data centers. A significant percentage of vacancy is masked by the build-out of data centers in Northern Virginia because, removing this asset class, the vacancy increases to approximately 9.1 percent. The number increases closer to 10 percent when we focus more specifically on logistics spaces, according to data from CoStar Group.  Confidence remains strong for leasing activity in larger Class A industrial buildings, but the underlying economic fundamentals, uncertainty in tariff policy and geopolitical instability could lead to a continued trend of higher vacancy rates in the future. Consumer spending underpins the economy and is increasingly dependent on wealthier households who account for the majority of spending. Low- and middle-income households have continued to be squeezed by the rising costs of food, fuel and housing, which impacts the demand for shipped, manufactured…

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D.C. Retail Remains a Great Opportunity, If You Know Where to Look https://rebusinessonline.com/d-c-retail-remains-a-great-opportunity-if-you-know-where-to-look/ Mon, 22 Dec 2025 14:33:27 +0000 https://rebusinessonline.com/?p=447311 The Washington, D.C., commercial real estate market is intricate, shaped by broad economic trends and local dynamics. The recent federal government shutdown underscored ongoing challenges, intensifying uncertainty and slowing local transactions. Continued ambiguity around trade and tariff policies further complicates business planning, adding to the region’s cautious dealmaking environment. Anxiety affects the region’s key economic source: federal workers and contractors, who make up 40 percent of its economy. Since January 2025, federal job losses here have outpaced the national average, increasing the risk of a local slowdown. Despite the area’s wealth, ongoing job uncertainty should guide all investment and operational choices. The interplay between federal employment trends and local business activity means that investors and operators must remain vigilant, adapting strategies to respond to shifting workforce dynamics and consumer sentiment. Tale of two marketsThe D.C. retail market is split: downtown faces challenges due to office vacancies and low weekday traffic, while suburban and residential-heavy urban areas are thriving. Affluent spots in Northern Virginia and Suburban Maryland have the lowest vacancy rates thanks to stable local shoppers. These areas benefit from consistent foot traffic and resilient spending patterns, which help insulate them from broader economic volatility. From a capital markets perspective,…

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BXP Buys D.C. Office Building for $55M, Plans Redevelopment Following Sidley Austin Anchor Lease https://rebusinessonline.com/bxp-buys-d-c-office-building-for-55m-plans-redevelopment-following-sidley-austin-anchor-lease/ Fri, 19 Dec 2025 15:40:19 +0000 https://rebusinessonline.com/?p=447267 WASHINGTON, D.C. — BXP has acquired 2100 M Street, a 300,000-square-foot office building located in the West End of Washington, D.C., for $55 million. The publicly traded, Boston-based office REIT plans to demolish the existing building and develop a new 320,000-square-foot office tower. BXP expects to commence construction of the project in 2028. Eastdil Secured represented the undisclosed seller in the transaction. Additionally, Sidley Austin LLP has signed a 240,000-square-foot lease to anchor the future trophy property, occupying 75 percent of the building. The global law firm will be situated on the fourth through 10th floors and is scheduled to move into its new space in 2031. Lou Christopher and Jordan Brainard of CBRE represented Sidley Austin in the lease transaction.

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BLS: U.S. Economy Adds 64,000 Jobs in November but Loses 105,000 in October https://rebusinessonline.com/u-s-economy-posts-net-job-loss-of-41000-in-delayed-october-november-jobs-report/ Tue, 16 Dec 2025 12:24:00 +0000 https://rebusinessonline.com/?p=446882 WASHINGTON, D.C. — The U.S. economy has added 64,000 non-farm payroll jobs in November and lost 105,000 jobs in October, according to the U.S. Bureau of Labor Statistics (BLS). The BLS included the October figures into the November report due to complications with the federal government shutdown, which lasted for 44 days in October and early November. The bureau, which also delayed the release of the consumer price index and producer price index in October, plans to release the December jobs report on Jan. 9, 2026. The November figure was higher than the 45,000 estimate from Dow Jones economists, according to CNBC. The news outlet also reported that the economists didn’t make an official estimate for the October report but were largely anticipating a drop in employment. In addition to the delayed report, the BLS also revised downward the employment figures for August, from a loss of 4,000 jobs to -26,000, and September, from 119,000 jobs to 108,000. The U.S. unemployment rate also ticked up 20 basis points from September to 4.6 percent in November, its highest level since September 2021. Federal government employment continued to decrease in November with a loss of 6,000 jobs. This follows a decline of…

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Justice Department, RealPage Settle Lawsuit Over Use of Revenue Management Software in Apartment Rental Pricing https://rebusinessonline.com/justice-department-realpage-settle-lawsuit-over-use-of-revenue-management-software-in-apartment-rental-pricing/ Tue, 25 Nov 2025 16:01:44 +0000 https://rebusinessonline.com/?p=445414 RICHARDSON, TEXAS AND WASHINGTON, D.C. — The U.S. Justice Department’s Antitrust Division has reached a settlement with RealPage Inc. as part of its ongoing enforcement against algorithmic coordination, information sharing and other anticompetitive practices in rental housing markets across the country, according to details disclosed in a North Carolina federal court on Monday. The proposed consent judgment, which still requires court approval before it can be implemented, would help restore free market competition in rental markets for millions of American renters, the Justice Department stated in a press release. “Competing companies must make independent pricing decisions, and with the rise of algorithmic and artificial intelligence tools, we will remain at the forefront of vigorous antitrust enforcement,” said Assistant Attorney General Abigail Slater of the Justice Department’s Antitrust Division. Headquartered in Richardson, Texas, RealPage is a provider of revenue management software and services for the conventional multifamily rental housing industry. In a civil antitrust claim filed in North Carolina in August 2024, the Justice Department and the attorneys general of eight states alleged that RealPage’s revenue management software relied on nonpublic, competitively sensitive information shared by landlords to set rental prices. The plaintiffs also alleged that RealPage’s software included features designed…

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U.S. Economy Adds 119,000 Jobs in September, According to Delayed BLS Report https://rebusinessonline.com/u-s-economy-adds-119000-jobs-in-september-according-to-delayed-bls-report/ Thu, 20 Nov 2025 15:50:30 +0000 https://rebusinessonline.com/?p=445060 WASHINGTON, D.C. — The U.S. economy has added 119,000 jobs in September, according to a report from the U.S. Bureau of Labor Statistics (BLS). The latest jobs data was delayed by more than six weeks due to the recently concluded shutdown of the federal government, which lasted 44 days. The September figure exceeded forecasts of 50,000 new jobs by Dow Jones economists, according to CNBC. The BLS will postpone the jobs report data for both October and November, with plans to release the two reports simultaneously on Dec. 16. The September jobs report was originally scheduled to release on Oct. 3; the October jobs report was scheduled for Nov. 7; and the November jobs data was set to debut on Dec. 5. In addition to the delays, the BLS has revised down the jobs data for July and August by a combined 33,000 jobs. The July jobs report was revised from 79,000 to 72,000 jobs, and the August report was downwardly revised from 22,000 jobs to -4,000 jobs. The unemployment rate also increased to 4.4 percent, which is the highest level for the rate since October 2021. For September, employment was led by the healthcare sector (+43,000), bars and restaurants…

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MBA: Commercial, Multifamily Loan Originations Increased 36 Percent in Third Quarter from 2024 https://rebusinessonline.com/mba-commercial-multifamily-loan-originations-increase-36-percent-in-third-quarter-from-2024/ Thu, 06 Nov 2025 15:04:30 +0000 https://rebusinessonline.com/?p=443915 WASHINGTON, D.C. — The volume for commercial and multifamily mortgage loan originations closed in the third quarter of 2025 was 36 percent higher compared to a year earlier, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations report. The third-quarter production also represents an 18 percent increase from the previous quarter. The MBA reports that loan originations have now risen for five consecutive quarters on both a quarterly and annual basis. Among property types, there was an 181 percent year-over-year increase in the dollar volume of loans for office properties, 100 percent increase for retail properties, 66 percent increase for hotels, 27 percent increase for multifamily properties and a 5 percent increase for industrial properties. Originations for healthcare properties decreased 43 percent compared to the third quarter of 2024. “While some sectors, such as healthcare and industrial, saw slower activity, overall volumes reflected improving sentiment as property values stabilized and loans reaching maturity were refinanced,” says Reggie Booker, MBA’s associate vice president of commercial/multifamily research. Among capital sources, there was a 52 percent year-over-year increase in loans by depositories lenders (i.e. banks), 40 percent increase in loans by government sponsored enterprises (Fannie Mae and Freddie Mac)…

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US Hiring Slows to 22,000 Jobs in August, June Revised to Negative Job Growth https://rebusinessonline.com/us-hiring-slows-to-22000-jobs-in-august-june-revised-to-negative-job-growth/ Mon, 08 Sep 2025 14:30:00 +0000 https://rebusinessonline.com/?p=438943 WASHINGTON, D.C. — The U.S. economy added a meek 22,000 jobs in August, falling short of the 75,000 figure projected by Dow Jones economists, according to CNBC. According to the U.S. Bureau of Labor Statistics (BLS), the report showed a marked slowdown from the July increase of 79,000, which was revised up by 6,000. Revisions also showed a net loss of 13,000 jobs in June, after the former estimate was lowered by 27,000. June is now the first month of recorded negative job growth since December 2020. Both the unemployment rate, which sits at 4.3 percent, and the number of unemployed people, which sits at 7.4 million, demonstrated a slight increase per August’s report. August’s payroll count was the first since President Donald Trump fired former BLS Commissioner, Erika McEntarfer, following the release of the July jobs report. Although total nonfarm payroll employment has shown little change since April, a job gain in healthcare was partially offset by losses in federal government, as well as mining, quarrying and oil-and-gas extraction. Federal government employment declined in August by 15,000 jobs and is down by 97,000 since reaching a peak in January. Additionally, employment in mining, quarrying and oil-and-gas extraction fell by 6,000,…

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Elme Communities Agrees to Sell Multifamily Portfolio to Cortland for $1.6B as Part of Liquidation Plan https://rebusinessonline.com/elme-communities-agrees-to-sell-multifamily-portfolio-to-cortland-for-1-6b-as-part-of-liquidation-plan/ Tue, 05 Aug 2025 11:50:00 +0000 https://rebusinessonline.com/?p=436273 BETHESDA, MD. AND ATLANTA — Elme Communities (NYSE: ELME), a Maryland-based multifamily owner-operator that previously operated as WashREIT, has entered into a purchase and sale agreement with an affiliate of Cortland Partners, an Atlanta-based multifamily investment and management firm. Under the terms of the transaction, Elme would sell 19 apartment communities to Cortland for $1.6 billion in an all-cash deal. “We are pleased to have reached an agreement with Cortland that recognizes the greater value of these 19 Elme communities and their long-term potential when coupled with Cortland’s economies of scale,” says Paul McDermott, president and CEO of Elme. “We believe Cortland will be an excellent steward of the properties and that this sale will facilitate a seamless transition of ownership, enabling continuity of operations for our residents and community teams.” Steven DeFrancis, CEO of Cortland, said that the portfolio will grow the company’s presence in the Washington, D.C., region and in its home state of Georgia.  “We’re excited to welcome these communities into the Cortland family and deliver the exceptional living experience residents have come to expect from our brand,” says DeFrancis. The properties include: Goldman Sachs & Co. LLC and Jones Lang LaSalle Securities LLC are acting as…

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U.S. Economy Adds 73,000 Jobs in July, Previous Months’ Numbers Revised Down Significantly https://rebusinessonline.com/u-s-economy-adds-73000-jobs-in-july-previous-months-numbers-revised-down-significantly/ Mon, 04 Aug 2025 14:32:00 +0000 https://rebusinessonline.com/?p=436133 WASHINGTON, D.C. — The U.S. Bureau of Labor Statistics (BLS) has reported that U.S. employment growth totaled 73,000 in July, falling below the 100,000 figure projected by Dow Jones economists, according to CNBC. May and June totals were also significantly revised downwards by a combined 258,000 from previous months’ totals. The BLS revised May job growth down from +144,000 to +19,000, and June from +147,000 to +14,000. The unemployment rate rose slightly to 4.2 percent, and the number of unemployed people — at 7.2 million — also showed little change from June. Nearly all job growth in July came from the healthcare and social assistance sectors, accounting for roughly 94 percent of the gains. Healthcare contributed 55,000 jobs, including increases in ambulatory healthcare services (+34,000) and hospitals (+16,000). Social assistance employment provided 18,000 jobs, reflecting continued growth in individuals and family services (+21,000). Retail added nearly 16,000 jobs, while the financial sector was increase by 15,000 jobs. Meanwhile, federal government employment continued to decline in July (-12,000) and is down by 84,000 since reaching a peak in January before Elon Musk’s Department of Government Efficiency (DOGE) began reallocating job scopes and duties. There was little change in employment over the…

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In-Rel Properties Acquires 130,000 SF Office Building in D.C. https://rebusinessonline.com/in-rel-properties-acquires-130000-sf-office-building-in-d-c/ Wed, 23 Jul 2025 14:05:38 +0000 https://rebusinessonline.com/?p=435159 WASHINGTON, D.C. — In-Rel Properties, a real estate investment and management firm based in Lake Worth Beach, Fla., has purchased a nearly 130,000-square-foot office building located at 2033 K St. NW in Washington, D.C.’s Golden Triangle district. The seller and sales price were not disclosed. In-Rel has tapped Carroll Cavanagh, Dimitri Hajimihalis and Emily Eppolito of CBRE to spearhead the leasing campaign at 2033 K Street. Renovated in 2019, the eight-story office building features a new lobby, fitness facility and conference center. In-Rel plans to install “town hall” speculative suites on the second and third floors to boost occupancy at the office building, which has a block of up to 60,000 square feet of contiguous space available for lease.

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HGI Provides $38.3M Refinancing for Office Building in D.C.’s East End https://rebusinessonline.com/hgi-provides-38-3m-refinancing-for-office-building-in-d-c-s-east-end/ Wed, 16 Jul 2025 15:16:21 +0000 https://rebusinessonline.com/?p=434602 WASHINGTON, D.C. — Affiliates of Harbor Group International LLC (HGI) have provided a $38.3 million loan for the refinancing of a 12-story office building located at 1250 Eye St. in Washington, D.C.’s East End district. The borrower is Kairos Investment Management Co., which purchased the 180,000-square-foot property in 2023. Kairos plans to use the loan proceeds to refinance existing debt and fund ongoing renovations and enhancements of the property, while also supporting leasing activity. These enhancements will include a new amenity suite on the 12th floor that Gensler designed that will feature an elevated hospitality lounge, conference center, bar/kitchen and terrace. Renovations include move-in ready office spaces and upgrades to commons areas including the lobby, fitness center, bike room and parking/valet services.

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Why Fannie Mae, Freddie Mac Believe the Wind Is at Their Back https://rebusinessonline.com/why-fannie-mae-freddie-mac-believe-the-wind-is-at-their-back/ Tue, 15 Jul 2025 11:45:00 +0000 https://rebusinessonline.com/?p=434456 Fannie Mae and Freddie Mac are adopting a more pro-business approach when it comes to closing multifamily loans in 2025 than in recent years, when sources say they were more selective. The two government-sponsored enterprises (GSEs) combined to produce 33 percent more multifamily loans in first-quarter 2025 compared with first-quarter 2024. “There is definitely a ‘volume on’ mindset at both shops,” says Landon Litty, director of agency sales at BWE. “This is a real positive for borrowers.” For Fannie Mae, the volume of multifamily loans totaled $11.8 billion in the first quarter of 2025, compared with $10.1 billion in the first quarter of 2024. Meanwhile, Freddie Mac produced approximately $15 billion in multifamily loans in the first quarter, financing around 144,000 rental units, well above the approximately $10 billion produced in first-quarter 2024.  “The first quarter of 2025 has been dynamic, with real-time adjustments to meet market needs while maintaining a focus on soundness,” says a spokesperson at Freddie Mac Multifamily.  Other sources attest that the GSEs are focusing on their sponsors more so than in previous years. T.J. Edwards, chief production officer for the multifamily finance division at Walker & Dunlop, says the agencies are proactively vetting first-time borrowers…

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