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15 Things You Need to Know This Morning

Washington, D.C. Morning Brief Washington DC
Washington, D.C. Morning Brief
November 14, 2014 Bisnow
Bisnow Morning Brief Washington DC

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15 Things You Need to Know This Morning
Everything You Need to Know About
Ben Miller
Ben Miller and his brother Dan are the architects of the crowdfunding platform which stands to revolutionize the real estate industry. One of the real estate world’s biggest stars under 40, Ben has worked on deals and developments valued at over $500M from his time as managing partner at WestMill Capital Partners and as president of Western Development Corp. With Fundrise, he has already crowd-sourced small-scale investments (as low as $100) for several commercial projects on the H Street and U Street corridors in DC. Fundrise is also part of the team (with MRP Realty and Ellis Development) behind 965 Florida Avenue, a 370k SF mixed-use property for which Ben has crowdfunded over $1M. The platform, which originated in 2010, has further triggered a change in government regulation through the JOBS Act, which eases restrictions on crowdfunded investments. The final guidelines established by the SEC will largely determine the role of crowdfunding in real estate to come. In 2014, Fundrise completed a $31M round of capital raising led by Chinese social media company Renren, and with the backing of major real estate firms like Silverstein Properties, Rising Realty and Ackman-Ziff. The son of DC developer Herb Miller, Ben is also a founder of US Nordic Ventures, a private equity company, and Popularise, a crowdsourcing site for community real estate development.

15 OTHER THINGS YOU NEED TO KNOW THIS MORNING
Ogden CAP Properties Pays Kettler $106.5M for 450 K St
Deutsche Bank To Transfer $2B in CRE Loans to TPG
Blackstone's Jon Gray: Real Estate Heading to Moderate Growth Phase
Smithsonian Unveils 20-Year Plan for Redesigning South Campus
Arlington County Summit: Millenials, Office, and Mixed-Use... Oh My!! (Nov. 18)
Urban Compass Expands to DC
Wizards Also Looking at Crystal City, Ballston for Practice Facility
Rockrose Banks Nearly 180,000 SF of TDRs for 2000 L St, NW
First Potomac Inks Full Floor Lease at 840 First St
2014 National Healthcare Real Estate Summit (This November 25th!!!)
Big Ideas, Big Redevelopments in Potential Concepts for Westbard
Mom's Organic Market Opens Friday in Old Hecht Warehouse
A First Look at Ugg's High-Tech Store in Tysons
DC's Columbia Room Moving to Blagden Alley
Canadian Outdoor Retailer Arc'teryx Coming to CityCenterDC

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Related Topics: Silverstein Properties, MRP Realty, What You Don't Know About, Morning Brief (DC), Blagden Alley, JOBS Act, Deutsche Bank, Herb Miller, First Look, Jon Gray, Ellis Development, Rising Realty, Real Estate Heading, Moderate Growth Phase, Urban Compass Expands