Washington, D.C., Hotel Likely to Become Residential Building

Bloomberg Brookfield and NextEra Energy are planning a $100 billion data center at the former Paducah Gaseous Diffusion Plant in Paducah, Ky The Department of Energy selected Brookfield to lease, develop and operate the data center campus, while...

Washington Business Journal A venture of Garfield Investments and Broad Creek Capital has agreed to pay $262 million, or $13497/sf, for the 194,115-square-foot office property at 1667 K St NW in Washington, DC James Campbell Co of Kapolei, Hawaii,...

Washington Business Journal Trinity Property Consultants has paid $845 million, or $239,376/unit, for The Rowan, a 353-unit apartment complex in Washington, DC The Irvine, Calif, multifamily owner acquired the 10-story property from its developer,...

Philadelphia Business Journal Welltower has acquired Arbor Terrace Exton, an 88-unit seniors housing community in Exton, Pa, for $355 million, or $403,409/unit The Toledo, Ohio, REIT bought the property from a venture of Bain Capital and Capitol...

A total of 208,072 apartment units were absorbed during the first half of the year, while 167,734 units were delivered If demand continues to outpace supply this year, it would be the first time in five years that that's...

Cincinnati Business Courier Silverman & Co has broken ground on Riverstone Place, a 269-unit apartment property in Covington, Ky The Blue Ash, Ohio, developer is building the property at West 4th Street and Madison Avenue, across the Ohio River...

Washington Business Journal FPA Multifamily is paying $250 million, or $204,583/unit, for the massive Riverside Apartments, a 1,222-unit complex in Alexandria, Va The San Francisco company is buying the three-building property from Elme Communities...

Commercial Property Executive Merus has broken ground on Dixon Commerce Center, a 190,960-square-foot industrial property in Obetz, Ohio The Cincinnati developer is building the property at 4390 Hubner Way, about seven miles south of Columbus, Ohio...

Washington Business Journal An affiliate of Clark Construction has bought the 186,007-square-foot office building at 1140 Connecticut Ave NW in Washington, DC The McLean, Va, company purchased the 12-story building from Brookfield Properties, which...

The number of enclosed shopping malls peppering the American landscape has shrunk by roughly one-third over the past 24 years What remains is bookended by solid performers and weaklings that'll probably get redeveloped CMBS holds nearly $7 billion...