Lantian Development plans to invest the proceeds in the development of several of its existing land holdings, including the Shady Grove Neighborhood Center, a mixed-use development in Rockville.

"If the federal government forgave the debt currently owed and allowed the NFIP to operate more like a private insurance company, it would then have the opportunity to succeed in what it was designed to do."

The two-asset multifamily portfolio is one of a growing handful of properties that Akelius Residential has acquired in the area.

The new building will have up to 625,000 square feet of office space.

“What was once a large swath of older office buildings near the Shady Grove Metro Station is now set to become a walkable, mixed-use environment.”

Before tax reform can be addressed, Congress has a “to do” list that must be tackled if the government is to continue running and the debt ceiling is to be raised.

“We are seeing some developers rethink proposed projects and redesign to be a little more creative to cater to the growing tech industry.”

WASHINGTON, DC--Deals and news from around the region.