BALTIMORE-Schulweis Realty sells the parking lot for $27.5 million. The new owners now plan to develop a $250-million, 52-story, mixed-use property on the parcel.
BALTIMORE-Schulweis Realty sells the parking lot for $27.5 million. The new owners now plan to develop a $250-million, 52-story, mixed-use property on the parcel.
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.
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.