Office

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

Transwestern's outlook for Houston is bullish for most product types: retail and industrial are the strongest while multifamily and office are working through supply issues, GlobeSt.com learns in this <b>EXCLUSIVE</b>.

“Fewer loans are defaulting, and those that defaulted in recent years are being resolved away,” often with losses, says Manus Clancy at Trepp.

Delancey Street Associates closes on loan for constructing a 26-story mixed-use building on the Lower East Side.

The reimagined former aviation field, which will house industrial, office, retail and hospitality facilities, is set to open this year.

And most observers believe that the market is no longer seller orientated in regard to pricing, and has instead moved to neutral.

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.”