WASHINGTON, DC—COO Dan Gundersen has been tapped as the interim CEO of the Virginia Economic Development Partnership. Meanwhile, NGKF has hired more local talent to build out its Mid-Atlantic offices and LCOR has promoted two associates.

ARLINGTON, VA—The REIT expects to net $150 million from the three JVs created for Ballston Quarter, the Shops at Wiregrass in Florida and Ridge Hill in Yonkers, NY.

WASHINGTON, DC—As we reported at the time, the CBD property went under contract last year for $230 million.

ALEXANDRIA, VA—The 240-unit apartment building is trading for $69.5 million.

WASHINGTON, DC—The company refinanced a Georgetown building with percentage rent. Remember percentage rent?

WASHINGTON, DC—So much for reaping the benefits of an expanded FIRPTA. The National Association of Realtors believes that current economic indicators could prove challenging to foreign buyers.

WASHINGTON, DC—Brace yourselves. DC is no longer in the top echelon of property markets, according to Colliers International

ROCKVILLE, MD—The REIT issued one million common shares of its stock earlier this month. Akridge paid $28 million for the former YMCA and MRP Realty scooped up Westwood for $50 million.