Lenders are going to market with a $3.46 billion commercial mortgage-backed securities offering backed by Blackstone-owned data centers, breaking the previous record established by the same portfolio four years ago.The 10 data centers owned by Blackstone company QTS Realty Trust secured the refinancing to pay off the 2021 CMBS loan, according to presale reports. Citi Real Estate Funding is leading the loan origination, along with 10 additional lenders. The deal is expected to close in mid-December.
An island-inspired restaurant and a cocktail lounge opened on the ground floor of an office building in downtown Washington, D.C., standing to benefit from the return-to-office trend occurring in the nation's capital.
A new event center is on its way to a shopping mall outside Washington, D.C., that could serve as a replacement for a similar venue nearby that is slated to soon shut its doors.
The Washington Commanders have selected the lead architect for the team's proposed football stadium in Washington, D.C., a development that is slated to anchor a larger 180-acre mixed-use campus in Northeast Washington.
While traditional office tenants in the Washington, D.C., area continue to collectively vacate millions of square feet, the medical office sector stands out for its resilience, driven by steady demand for healthcare services and demographic tailwinds.
A Washington, D.C.-based developer has purchased a vacant office building in the nation's capital that it plans to demolish and replace with a luxury multifamily complex as more workspaces are being transformed into other uses.
A pair of just-closed large land deals, including one by technology giant Amazon, in Northern Virginia for data center campuses show companies are willing to shell out millions for tracts needed for the in-demand but at times criticized high-tech facilities.
Six Flags Entertainment, North America's largest regional amusement park operator, is mulling the future of its real estate after visitor demand weakened in September as budget-minded consumers curbed park visits amid extended summer heat.
Commercial and multifamily mortgage originations jumped 36% in the third quarter from a year earlier, marking five straight quarters of growth as property values stabilized and borrowers refinanced maturing loans, according to the Mortgage Bankers Association.
U.S. multifamily rent growth has been under pressure this year from an overabundance of supply, particularly across the U.S. Sun Belt and Mountain West regions, where rent declines remain concentrated.
Saks Off 5th will be closing 10 stores scattered across the United States as its parent, luxury retail giant Saks Global, looks to streamline its brick-and-mortar property.
With Host Hotels & Resorts’ portfolio focused on higher-end hotels, the ongoing bifurcation of travel demand has allowed the company to raise its full-year outlook.
Hotel operating budget season, which generally runs between the months of August and December, is now in full swing. As hotel operators, asset managers and owners deliberate expense ratios with their property management and operations teams, all parties involved are focused on how expenses increased between 2023 and 2024, and evaluating preliminary 2025 expenses, which won't be available until next year.
A national security company has nearly tripled the size of its Northern Virginia headquarters as office leasing among defense technology and related firms fuels activity in the market.
