Washington, DC

“Our volume and where we invest will be dependent on market needs and that changes over time.”

A source tells GlobeSt.com that the buyer is a JV between two companies from Los Angeles.

With a significant number of these developments being redevelopments, the overall net new impact on office inventory is 5.7 million of additional space.

Wegmans will be on the second level of the project leaving the street-level frontage to be lined with retailers.

“One of the points that Governor Hogan brought out was that there are going to be 21 stations along the Purple Line, and when I asked him about opportunities for real estate development over the next few years, he said that the audience ought to focus on where the state is investing its money.”

2018 is going to look a lot like 2015 in terms of office investment sales, Newmark Knight Frank's Greg Leisch tells GlobeSt.com.

“Because we're late in the cycle, people are less likely to take a lot of floating rate risk, so demand for fixed-rate products is increasing.”

With both Congress and the main US regulatory agencies addressing the confusion surrounding HVCRE, hopefully there will be some relief for banks and their CRE borrowers.