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November 22, 2024 | By Jon LeckieHigher house costs drive record long-term renting, apartment owners say

Landlords AvalonBay and MAA, as well as investor Knightvest, say some tenants give up on owning

The increasingly high cost of homeownership is driving apartment demand for some large multifamily owners, leading to record-low turnover in renters leaving to buy houses.

November 22, 2024 | BY JON LECKIE
November 22, 2024 | By Katie BurkeElon Musk-led Department of Government Efficiency pushes return of full workweek for federal workers

Escalated mandate would clash with government's effort to reduce leased office space

Billionaire Elon Musk plans to push to enforce the return to a full workweek for all federal employees as he and other allies of President-elect Donald Trump look to slash governme...

November 22, 2024 | BY KATIE BURKE
November 22, 2024 | By Melina DuggalData center construction on track for record year in Northern Virginia

New supply completely transformed the market in the past decade

The Washington, D.C. region, especially Northern Virginia, is experiencing a seemingly endless wave of data center construction. Over the past decade, the region has transformed dr...

November 22, 2024 | BY MELINA DUGGAL
November 21, 2024 | By Jonathan LehrfeldArlo hotel opens in nation's capital as city looks to get visitors back downtown

Hospitality complex welcomes guests at longtime vacant property with a history

A boutique hotel has opened in Washington, D.C., combining the restoration of a long-vacant historic building with a newly constructed property as the city works to revitalize its ...

November 21, 2024 | BY JONATHAN LEHRFELD
November 21, 2024 | By Moira RitterMost American families spend nearly one-third of income on mortgage payments

Building more housing will ease cost burdens, economists and professionals say

The cost of homeownership is eating up a significant portion of family incomes in the United States, and some industry leaders say the solution lies in building more residences.

November 21, 2024 | BY MOIRA RITTER
November 21, 2024 | By Moira RitterMortgage rates tick up but increased supply opens door for some buyers

Additional inventory makes entering housing market easier for first timers, even as borrowing costs increase, economists say

Mortgage rates have resumed their upward trend but some homebuyers seem to be persevering anyway.

November 21, 2024 | BY MOIRA RITTER
November 21, 2024 | By Mark HeschmeyerMobile home loans make comeback; Larger role for Fannie, Freddie; More CMBS deals, more distress

A weekly look at the commercial mortgage-backed securities business

This week’s column examines mobile home loans making a comeback; a wider multifamily loan buying capacity for Fannie Mae and Freddie Mac; and a projection for more CMBS deals, and ...

November 21, 2024 | BY MARK HESCHMEYER
November 21, 2024 | By Phil MobleyStabilizing office demand shows resilience — and a few cracks

After five quarters of declines, tenants start holding onto more space

Earlier this year, office occupiers suddenly started holding onto more space, dramatically slowing five quarters of sharply declining demand. Most U.S. markets had an increase in t...

November 21, 2024 | BY PHIL MOBLEY
November 21, 2024 | By Moira RitterIt might be tiny but this Washington, DC, condo has a rare and coveted urban amenity

The 563-square-foot property in Kalorama Triangle listed for $725,000

Take two steps into unit 16 at 2007 Wyoming Ave. in Washington, D.C., and what you see is pretty much what you get for $725,000. But it's what you can't see that makes the condo ex...

November 21, 2024 | BY MOIRA RITTER
November 20, 2024 | By Katie BurkeDC trophy office building heads for foreclosure auction over hefty loan

Downtown property adds to troubled assets to be sold in nation's capital

A high-profile office building in downtown Washington, D.C., is on the fast track to a foreclosure auction, the latest in a series of distressed properties in and around the nation...

November 20, 2024 | BY KATIE BURKE
November 20, 2024 | By Melina DuggalVacancy spike in DC-area industrial market may be approaching peak

Flex and specialized space vacancy rates are plateauing

The Washington area's industrial vacancy rate has increased over the past two years, reflecting a challenging landscape for property owners with available space. However, recent tr...

November 20, 2024 | BY MELINA DUGGAL
November 19, 2024 | By Paul OwersAnother drop in housing starts doesn't dampen industry optimism

Analysts, builders expect more construction next year despite potential new policies, tariffs

Overall U.S. housing starts are down for a second consecutive month, but analysts remain upbeat that demand will be strong for new homes going into 2025.

November 19, 2024 | BY PAUL OWERS
November 19, 2024 | By Mark HeschmeyerBlackstone Mortgage hit with downgrade over weakening office portfolio

REIT’s impaired loans nearly doubled over past year to $2.35 billion

Moody's Ratings has downgraded Blackstone Mortgage Trust's corporate credit rating on what it sees as a deterioration in the real estate investment trust’s office loan portfolio.

November 19, 2024 | BY MARK HESCHMEYER
November 18, 2024 | By Katie BurkeLockheed Martin affiliate recommits to DC-area headquarters

Zeta Associates extends deals for longtime Fairfax, Virginia, hub

A Washington, D.C.-area suburb's largest office tenant is recommitting to its longtime hub after concerns of a possible relocation pushed city officials to offer an incentive packa...

November 18, 2024 | BY KATIE BURKE
November 18, 2024 | By Jay LybikHere's how widely apartment rent gains and declines vary across the country

While some Austin, Texas, neighborhoods drown in supply, areas near Washington, DC, thrive

While annual multifamily rent gains nationally held steady at 1.2% in the third quarter, wide variations have emerged in specific neighborhoods around the country.

November 18, 2024 | BY JAY LYBIK
November 18, 2024 | By Moira RitterExpectation of streamlined construction process boosts homebuilders' confidence

Developer sentiment improves on heels of election, industry group index finds

Expected Republican control of the White House and both chambers of Congress in January has sparked anticipation among developers of single-family homes of eased regulations on bui...

November 18, 2024 | BY MOIRA RITTER
November 15, 2024 | By Katie BurkeGlobal defense contractor signs one of DC area's largest office deals of the year with full-building renewal

SAIC extends lease for longtime Virginia hub years ahead of expiration

One of the world's largest technology contractors is lending a healthy boost to the Washington, D.C., office market by extending a full-building deal a couple of years ahead of its...

November 15, 2024 | BY KATIE BURKE
November 15, 2024 | By Jonathan LehrfeldEagleBank to relocate headquarters to different office tower in Bethesda, Maryland

Financial services firm's in-market move scheduled for late 2025

EagleBank plans to relocate its headquarters to an office tower in downtown Bethesda, Maryland, late next year.

November 15, 2024 | BY JONATHAN LEHRFELD
November 15, 2024 | By Moira RitterMore homebuyers settle for smaller houses as ownership costs rise

Housing affordability worsens relative to rents, limiting options for buyers, report says

As renters face growing affordability barriers to homeownership, they’re facing a new decision: spend more money or get less space.

November 15, 2024 | BY MOIRA RITTER
November 15, 2024 | By Katie BurkeEquity Commonwealth takes haircut on Austin offices, extending liquidation plans

Former Sam Zell-led REIT reports more than $50 million impairment loss on latest disposition efforts

Equity Commonwealth's plans to liquidate its previously vast real estate portfolio are nearing realization following the firm's latest deal to sell off its remaining stake in Austi...

November 15, 2024 | BY KATIE BURKE
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