Washington, DC

Washington DC and Wuhan, China were the recipients in the adaption plans and programs category, also called Cities4Tomorrow.

RLJ Lodging Trust has expanded its relationship with Interstate Hotels and Resorts regarding White Lodging's sale of management contracts to Interstate.

Last year Sooshan Cos. and Brandywine Realty decided to amend 4040 Wilson to a mixed-use building that consisted of office, residential and retail.

This program is largely an affordable play for the GSE and it is approaching the market with two products.

Chatham estimates it acquired the property at a year one NOI cap rate of approximately 7.5%.

Following a renovation, The Avanti is expected to outperform the competition in this submarket, one of the brokers says.

In one, CIM Group acquires an apartment community and in the other, Northpoint Realty Partners purchases land with plans for development.

The Chinese city saw a 5.5% increase in costs, displacing London's West End as the most expensive office market.