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Ponte Gadea, the investment vehicle of Spanish billionaire Amancio Ortega bought the building, its second major D.C. office acquisition in less than a year.
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With large tenants eyeing new construction downtown and in the suburbs, Philly will get an infusion of Class-A space.
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Retail experts say the spread of coronavirus in the U.S. could lead to declining sales and additional closures for already-struggling shopping malls.
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A new multifamily/office short-term rental concept is stretching its footprint and moving into the Dallas Design District.
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The boomer generation is larger, wealthier and more likely to spend money than its predecessors, giving boomers unprecedented spending power as they retire.
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An almost decade-long wait for San Francisco's largest privately owned multifamily community to begin redevelopment is $1.8B closer to being over.
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Predictions of how scatched Bay Area office markets will be after the coronavirus pandemic are mixed.
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Walgreens, Pier 1 Imports and Gap lead the list of national retailers that will be closing hundreds of stores this year after record closures in 2019.
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Emerging DFW industrial markets are blooming in early 2020.
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The value-add developer sold its Concord asset after $4M in renovation work.
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