News
Government dumps DC office building for conversion
2+ day, 20+ hour ago (332+ words) Dalian Development pays paltry $24M for GSA Regional Office Building Two major commercial real estate stories are colliding in the nation's capital: office-to-residential conversions and the government's mission to offload assets. Dalian Development paid $24 million to acquire 301 7th Street SW in Washington,…...
Billionaire NFL owner pays record $28M for DC estate
2+ mon, 2+ week ago (403+ words) Commanders" boss plans to restore Halcyon House as single-family residence Billionaire Joshua Harris, owner of the Washington Commanders, has paid $28 million for one of Washington, D.C."s most historic homes, setting a price record for the city." Harris and his wife…...
Tenant-owned affordable project lands $114M of financing in DC
7+ mon, 4+ week ago (366+ words) Harvard Court Apartments to deliver more than 100 units An affordable housing project spearheaded by tenants in Washington, D.C., took a critical step forward with obtaining financing. The D.C. Housing Finance Agency issued $48.3 million in tax-exempt bonds to the joint venture for a…...
DC landlord settles with AG over price-fixing accusations
9+ mon, 3+ week ago (473+ words) W.C. Smith to pay $1M, stop using private revenue management software The onslaught of lawsuits and litigation revolving around rent-setting software is bringing a slow drip of resolutions as cases play out across the country. This week, D.C. Attorney General Brian Schwalb announced…...
German developers launch condo sales for Cloud One Hotel & Residences Wynwood
10+ mon, 3+ week ago (679+ words) Katherine Kallergis is residential bureau chief and a senior reporter at The Real Deal. Katherine, who has won awards from NAREE and the Society of Professional Journalists, reports on the South Florida market, with a focus on residential real estate…...
Realterm buys industrial outdoor storage in Pompano Beach for $25M
10+ mon, 3+ week ago (313+ words) A logistics real estate company bought an industrial outdoor storage site in Pompano Beach for $25 million." Annapolis, Maryland-based Realterm purchased the property at 3120 Northwest 16th Terrace, according to the buyer's news release. Entities led by Scott Daiagi sold the two-lot site,…...