What Does the Federal Government Shutdown Mean for Real Estate?

The federal government’s shutdown stretched into its 12th day today as President Donald Trump keeps pushing for $5 billion to fund his border wall while Democrats still refuse to allocate the cash. Despite a bipartisan meeting set with congressional leaders and a Republican Senate-floated compromise to give $2.5 billion to border security, Trump rejected the… Read More What Does the Federal Government Shutdown Mean for Real Estate?

Education Tech Firm Blackboard Relocating DC-Based Global HQ to Northern Virginia

Blackboard is moving its global headquarters to Northern Va., from Washington, D.C., according to a press release from the education technology firm. The company will consolidate its current D.C. and Northern Virginia offices into one space at 11720 Plaza America Drive in Reston, Va. Blackboard’s Virginia office is already housed at the building, called Plaza… Read More Education Tech Firm Blackboard Relocating DC-Based Global HQ to Northern Virginia

Allianz Provides $135M Construction Take-Out for Baltimore Industrial Property Duo

Tradepoint Atlantic has secured $135 million in loans for two recently constructed Class-A industrial buildings in Sparrows Point, Md. near Baltimore, according to a press release from HFF, which represented the borrower in the transaction. The financing package replaces construction debt on the properties and comprises two separate, non-recourse loans from Allianz Real Estate. A… Read More Allianz Provides $135M Construction Take-Out for Baltimore Industrial Property Duo

Delshah Seals $103M Construction Financing for Brooklyn Luxury Rental Tower

Delshah Capital has kicked off 2019 with a bang and closed $102.5 million in construction financing for its 20-story luxury rental tower at 22 Chapel Street in Downtown Brooklyn, Commercial Observer has learned. Bank OZK provided a $62 million senior loan in the deal, while Denver, Colo.-based EverWest Real Estate Partners provided a $40.5 million… Read More Delshah Seals $103M Construction Financing for Brooklyn Luxury Rental Tower

Meridian Group Buys Office Building in Arlington, Va., for $32M

Washington metro-area real estate developer Meridian Group has acquired a Class-A office building at 2500 Wilson Boulevard in Arlington Va., according to information from the Bethesda, Md.-based developer. A source familiar with the transaction told Commercial Observer that Meridian purchased the building for nearly $32 million from TH Real Estate. The deal closed on Dec.… Read More Meridian Group Buys Office Building in Arlington, Va., for $32M