NEWS & NOTABLES
ROCKVILLE, MD–Federal Realty Investment Trust has received the inaugural Best Sustainability Program award from the NAIOP DC | MD Chapter. The award is given to an organization that “demonstrates a strong commitment to sustainable business practices and solutions that contribute to environmental responsibility and economic success.”
RICHMOND, VA–Virginia Commonwealth University announced a $2.5 million gift from real estate data firm CoStar Group to establish the CoStar Group Endowed Chair in Real Estate Analytics in the VCU School of Business. “In establishing the CoStar Group Endowed Chair in Real Estate Analytics, we aim to bring the intersection of big data and real estate together to bring more transparency, velocity and efficiency to the global commercial real estate market,” said Andrew C. Florance, founder and CEO of CoStar.
WASHINGTON, DC–NAIOP DC/MD has named 1101 Sixteenth Street as 2016's Best Real Estate Transaction. Akridge and Stars Investments partnered to acquire 1101 and 1111 Sixteenth Street, which previously served as the site of the American Association of University Women and the American Beverage Association, and will combine the two buildings into one 100,000-square-foot building.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
