Washington, DC

The property, situated at 1776 G Street, sold to the building's sole tenant of more than 30 years.

The Washington, DC-based firm, which is the development arm of National Real Estate Advisors, has announced the addition of Canopy Philadelphia Center City, which will be part of the Hilton portfolio. The hotel is scheduled to open in the spring of 2020 at 1180 Ludlow St.

The apartment community serves as the firm's second acquisition within the Arlington, VA market this year.

The building's projected cost will be approximately $85 million.

"This portfolio offered the opportunity to buy a critical mass of medical assets with exposure to some of the top health systems in the country, including Advocate Aurora Health, Einstein Health and INOVA Health System," said Chris Bodnar, vice chairman of Capital Markets for CBRE.

Downtown DC's Hotel Zena will celebrate women through design and programming, upon a $25 million planned renovation.

The firm has commenced construction on a 122-unit adaptive reuse multifamily project, and has additionally acquired a 939-unit residential community.

It's still unclear what will be Libor's replacement but the GSEs are pushing out products based on the Secured Overnight Financing Rate, or SOFR.