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D.C. Area’s Malls Are Surviving The Pandemic, But Major Changes Are Coming Anyway
The owners of the Lakeforest Mall, Dulles Town Center and Westfield Montgomery say they are looking to adapt their properties for the future of retail.
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The owners of the Lakeforest Mall, Dulles Town Center and Westfield Montgomery say they are looking to adapt their properties for the future of retail.
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Renovations are up 16% above the quarterly average for the past 10 years as landlords hustle to prepare the office for a new era.
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Not the best market to be leasing into.
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WashREIT reached a deal to sell a 12-asset office portfolio to a Brookfield Asset Management fund, and it signed a letter of intent to sell its retail portfolio
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As malls reinvent themselves, medical offices are becoming a reliable tenant to fill vacant retail spaces.
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Anthony Chang left WashREIT after it sold its office portfolio, and he now joins Stream Realty to lead a new office for the brokerage firm.
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Hobby Lobby will take over the former Babies R Us space.
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TPG Real Estate, as it expands UK venture, opts for single-family BTR in the North and Midlands regions.
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More than $5B of office-backed CMBS loans are set to come due this year, and experts see many older buildings at risk of default.
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Investors stand ready to pour billions into the sector, which experts say will keep growing even if Covid-19 subsides.
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