Washington, DC

Another high per-square foot trade is the pending transaction of 1440 New York Ave., which is selling for $1,169 per square foot or $250 million.

“The LLC interest would look a bit like debt, but it technically wouldn't be because the lender wouldn't have creditor's rights.”

The change may alter the way commercial landlords both plan future parking ratios and even locational investment strategies, JLL says.

“In fact, we hope to acquire over $100 million of retail property in the Washington, DC metropolitan region in 2018.”

There is significant upside and the potential to increase asking rents, says Transwestern broker Robin Williams.

The hotel will deliver along with the rest of the 780,000-square foot Armature Works project in 2020.

350 Morse Street, NE, is a to be developed office and retail mixed-use building located in the Union Market.

He will focus on leasing the office components of urban, mixed-use developments in Northern Virginia.