The Georgetown Co. has reached a deal to acquire the property at 436 11th St. NW with plans for redevelopment, the developer confirmed to Bisnow Tuesday. Axios first reported the deal, the price for which was undisclosed. The developer says it hasn't ...
The colocation data centre vacancy rate fell below 10% in the London, Dublin, Frankfurt, Amsterdam and Paris markets for the first time ever in the second quarter as demand for space remains fierce, according to CBRE. However, in the same report by CBRE ...
On May 9, revisions to the federal Disadvantaged Business Enterprise program will be enacted nationwide, including plans to better track projects and pay subcontractors faster for their work building roads and other infrastructure on government-run ...
Daniel Ohebshalom, notorious for being one of New York’s “worst landlords,” is serving a jail sentence for subjecting his tenants to unsafe living conditions, but his legal predicament seriously worsened this week. Ohebshalom and four shell companies ...
"We are starting to see a slowdown in the industrial sector, and that is true across the U.S.," Newmark Research Director Elizabeth Berthelette said. "Whereas maybe office or life science, we started to see these corrections earlier in the cycle, we’re ...
It is an incident that’s seared into Billman’s memory. His firm owns several 1960s and 1970s-era office buildings downtown, and he told Bisnow the moment illustrated similar concerns he has heard from tenants over the past year as D.C. has seen a spike in ...
The past year has been a rough one for a number of asset classes, brokers at a CBRE press luncheon said Tuesday. Houston’s office market saw record-high vacancy in 2023, as newer product leased up but obsolete office space languished. Multifamily had no ...
Investors based outside the U.S. accounted for just 3.4% of U.S. property acquisitions in the three months ending in September 2023, according to MSCI Real Assets data provided to Bisnow, the lowest share since December 2008. After spending more than $15B ...
The 101K SF tower, known colloquially as the Bob Simpson Building, is one of the city’s first skyscrapers and was designed in the early 1900s for First National Bank of Fort Worth. Icon bought the property from XTO last spring. The conversion is slated ...
New York City renters got some relief in October, as median rents dropped for the fourth straight month while still hovering well above pre-pandemic levels. The median price on a Manhattan rental hit $4,195 in October, down by 3.6% from September prices ...
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