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The price per square foot record was broken last year when 900 16th St., NW, sold for $1,252 per square foot.

The REIT has also executed a non-binding Letter of Intent with an institutional buyer to sell 2445 M St., NW.

“We have seen some select firms overestimate the efficiencies they could get from rightsizing but that is not going to make up for the consolidation we will see from future mergers.”

It looks as though neither of the GSEs will meet their multifamily cap for the year. Despite that, Freddie Mac's 2017 was marked by growth and innovation.

“There's more capital trying to buy medical office buildings now than ever in history. Money is flowing to this asset class.”

A deep dive into the statistics shows that food/coffee establishments are continuing to post strong growth, while retailers facing competition from on-line outlets have considerably contracted their respective footprints in the New York metro region.

The end of the year is nigh and brokers everywhere are rushing to close deals.

This follows the District's award of first LEED for Cities Platinum in the world earlier this year.