A tumultuous environment in the nation's capital is leading investors to take a back seat and await more clarity, CRE executives said at a Bisnow event.
U.S. Black Chambers buys the former BET headquarters, COPT Defense Properties acquires a Chantilly property, Josh Bernstein steps back at BMC, and more.
The land swap agreement included Redbrick LMD inking a ground-lease with the Navy for a 15-acre waterfront site where it planned a mixed-use development.
Also in The D.C. Deal Sheet, NCTA renews its East End office lease, Velocis sells a Rosslyn office property, a NoMa apartment lands refinancing, and more.
Also in the D.C. Deal Sheet, JBG Smith donates land to an affordable developer, the Chevy Chase Land Co. rebrands, DRB Group moves its headquarters, and more.
Also in The D.C. Deal Sheet, Mapletree offloads a warehouse portfolio, Comstock opens a J.W. Marriott in Reston, a NoMa hotel lands refinancing, and more.
Buildings in Arlington, Virginia, and Alpharetta, Georgia, have been foreclosed on, part of a 12-property portfolio that a Brookfield fund refinanced in 2018.