WASHINGTON, DC-Development costs for the hotel are expected to come in around $55 million.

WASHINGTON, DC-Development costs for the hotel are expected to come in around $55 million.

FREDRICKSBURG, VA-As part of a 1031 exchange, the sale closed at a 6.08% cap rate.

WILMINGTON, DE-The building is only 50% occupied but traded at a premium price due to its location.

WASHINGTON, DC-Lodging/resorts, with a total return of 2.97%, and specialty, with a total return of 6.61% were the top performing REITs.

WASHINGTON, DC-Lodging/resorts, with a total return of 2.97%, and specialty, with a total return of 6.61% were the top performing REITs.

WASHINGTON, DC-CBRE is in the process of designing the interiors of its new space to meet Gold LEED certification.

WASHINGTON, DC-The long-term viability of outlying areas is one of his key interests.