The U.S. Federal Reserve is expected to cut its key interest rate Wednesday, and commercial real estate professionals say that while the move could kick-start some dealmaking, it won’t automatically reshape property investment or project values.
An analysis of the top 10 largest hotel markets in the Northeast year to date, in terms of room inventory, revealed that most areas had subdued levels of construction through July. In aggregate, the number of rooms under construction as a percentage of supply across the top 10 Northeastern metropolitan areas was 1.5%, well below the national average of 2.4%. New York was the lone exception, as the level of construction in America’s largest city was 5.7% of its existing supply.
This year, luxury hotels in Washington, D.C., demonstrated notable resilience compared with their nonluxury counterparts, outperforming in key metrics such as revenue per available room, or RevPAR, and average daily rate. This divergence is driven by a combination of consumer behavior and market dynamics.
Across the top 10 largest hotel markets in the Northeast, in terms of room inventory, most markets saw growth in revenue per available room, or RevPAR, through July.
Washington, D.C., landlords of offices less than a quarter-mile from a Metro station are able to ask for over 25% more than average available rents, a new report found.
The number of office-to-residential redevelopment projects in Washington, D.C., is growing, with a tax incentive program credited for helping add more than 1,700 apartments to the city's pipeline.
Maryland's state government is seeking to increase housing production and make homes more affordable by cutting red tape and rewarding local jurisdictions that lean into residential development.
In a region often defined by its hybrid industrial mix and data center dominance, Washington, D.C.'s logistics sector is carving out a distinct identity and outperforming national benchmarks in the process.
The level of delinquent commercial real estate loans on U.S. bank books declined in the second quarter for the first time since 2022, according to data from the Federal Deposit Insurance Corp. Nonresidential properties that specifically rely on rental income showed improvement, though there were still signs of distress.
A national sandwich chain that just opened its newest location in Washington, D.C., has plans for more, joining several other brands that launched grab-and-go eatery options in the city as workers are increasingly pulled back into the office.
Israeli-listed investment company Medipower Group has signed an agreement to acquire a portfolio of 16 grocery-anchored shopping centers in Pennsylvania and Maryland for about $276 million.
A Northern Virginia developer made its first acquisition outside of the metropolitan Washington, D.C., area, and a big one at that, as it looks to balance its growth across property types and geographies.
Amazon is set to receive its first incentive payment from the Northern Virginia county where it established its second headquarters after a blockbuster continental search.
The U.S. Department of Justice has signed a short-term renewal at an office building in Washington, D.C.'s East End that has been pitched for a potential apartment conversion.
On a sunny summer weekday morning, employees of technology giant Amazon pour out of a subway station toward a pair of 22-story glass office towers across the Potomac River from Washington, D.C. Nearby are a two-year-old park, a dozen new apartment buildings and stores including a Peruvian sandwich shop, a café with fresh-baked pastries and a day care center for dogs.
A partnership has picked up a four-property office portfolio in Bethesda, Maryland, from a large global investment firm after the now-former owner defaulted on a loan tied to it.