WASHINGTON, DC-The option amount was 5.5% to 6% of the purchase price, which will be $16.1 million.

WASHINGTON, DC-One of the few properties available in this part of town, the closing price is said to be approximately 10% above the asking price of $3.6 million.

WASHINGTON, DC-The majority of respondents to a Jones Lang LaSalle monthly survey believe office rents will rise in the Washington, DC market over the next six months.

WASHINGTON, DC-Health care properties, followed by hotel and industrial space, saw the biggest increase in originations in this quarter.

WASHINGTON, DC-The two organizations kick off a joint-policy objective to fight discrimination.

WASHINGTON, DC-The two organizations kick off a joint-policy objective to fight discrimination.

The Financial Accounting Standards Board (FASB) will be reconsidering the current accounting standards for leases over the next year, with a possible decision to be announced in 2008. The new regulations could dramatically affect the financial underpinning of sale-leaseback transactions as well as valuations for other real estate transactions.

WINCHESTER, VA-Extreme Steel buys the property for its highly specialized infrastructure.