White House Launches AI Data Center Task Force
... Williams, OpenAI’s Sam Altman, Nvidia’s Jensen Huang and C-suite executives from Amazon Web Services, Microsoft, Google and Meta ...
Sep 16, 2024
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More Cities Giving Away Money For Office-To-Resi Projects As Threat Of Obsolescence Grows
... Investment Management in Washington, D.C. “The numbers just don’t pencil right now.” The pace of office conversions accelerated across ... in the office-heavy LaSalle Street corridor. Washington, D.C., officials in February launched a program that abates 20 ...
Apr 12, 2023
News
Will Offices Come Back In Fashion? Contrarian Buyers Are Betting Millions On It
... physical workplaces are not in any significant jeopardy.” In D.C., PRP Real Estate Investment is one of the firms hoping ... realize,” he said. The acceleration seen this year in the pace of distressed deals indicates that the moment for opportunistic buyers ...
Sep 03, 2024
News
Office-To-Residential Conversion Trend Expected To Continue In Baltimore Despite Challenges
... of the city's Class-B and Class-C office stock is suited to residential conversion. "We ... s going to be so expensive in D.C.," Bonilla-Verdesoto said. "And then I really would ... such as Dallas, but far behind leader D.C.'s 1,147 units created. However, it is ...
Apr 03, 2023
News
Election-Year Uncertainty Slowing Affordable Housing's Progress, Advocates Say
... been on senators’ radar years ago. Even with the slow pace at the federal level, that sobering turn has made some ...
Jul 25, 2024
News
JBG Smith Posts $19M Loss Ahead Of Big Amazon, GSA Departures
... owns several office buildings in D.C.'s struggling central business district. Its D.C. portfolio has lost office occupancy over ... said. “Curbed lending activity has significantly slowed down the pace of sales, and we expect this reduced level of activity ...
Feb 22, 2023
News
'Hold On For Dear Life': Majority Of Bisnow Survey Respondents Expect Little Relief In 2024
... certain asset types has picked up slightly from its glacial pace in 2023, enabling some buyers to capitalize on lower prices ... it will be more symbolic than substantive,” a Washington, D.C.-based executive in the REIT space told Bisnow. “The market ...
Jul 02, 2024
News
EXCLUSIVE: Colliers Debt Pro Switches Firms In Anticipation Of 'Challenging Recession'
... a third of his deals are in the D.C. area, is moving to a firm that ... Binkowski joins the broker-owned CRE firm's D.C. office, which was founded in 2019 by President ... this will be enough data to get the pace of dealmaking closer to normal. Binkowski also said ...
Jan 17, 2023
News
House Committee Grills Federal Real Estate Leaders On Low Office Usage
... some members of Congress, plus local D.C. officials and business leaders, to return to ... to reduce its footprint at one D.C. office building by about 30% after ... said. Subcommittee members expressed frustration about the pace at which the GSA is moving. “Do ...
Jul 13, 2023
News
International Buyers Lift NYC's CRE Sales Market To Best Quarter Since 2022
... seeing far less activity than the long-term average. The pace of Manhattan sales in Q1, if it continued through the ... the best-in-class product and abandon Class-B and C product. While trophy assets aren't selling, more properties at ...
Apr 14, 2024
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