Washington, DC

Federal Realty owns nine properties in the area and Brennan will be charged with overseeing development for those properties, as well as source new deals for the firm in the tri-state region.

“We expect to make several new project announcements in the coming months to kick off this new partnership.”

“Tenants aren't using office space the same way they were when BOMA International released its last office standard, and amenities like rooftop gardens and balconies are becoming much more common.”

“The Blackwell Building represented one of the longest average lease terms of any building brought to market in Washington, DC region.”

“We're actively in negotiations with several locations. I would be surprised if in the next 18 months we don't have our first mall space up and running.”

"Cap rates for B buildings in the core have steadily compressed, dropping from 10.9% in 2000 to sub-5.5% today."

“You stabilize your property and then whatever works you do more of; whatever isn't working you try to change.”

WASHINGTON, DC--CoStar gifts $2.5 million to Virginia Commonwealth University to establish the CoStar Group Endowed Chair in Real Estate Analytics.