Don't see images? Click Here SUBSCRIBE FOR FREE MANAGE EMAIL PREFERENCES
Bisnow - (Almost) Never Boring
June 5, 2023

This Week's D.C. Deal Sheet

Early Bird Tickets Expiring For D.C. Construction & Development Summit

Government officials, community leaders and developers held a ribbon-cutting Monday to mark the opening of the D.C. Department of General Services’ new headquarters at Ward 7’s Northeast Heights development. 

This Week's D.C. Deal Sheet

The six-story, 239K SF building at 2934 Minnesota Ave. NE is the first project to deliver from a strategy Mayor Muriel Bowser’s office launched in 2019 to relocate government offices east of the Anacostia River in Wards 7 and 8. "We understand how powerful the District’s leasing power is for spurring economic…

Read the full story here.

  Share:  
 
Perforation

Top Stories on Bisnow.com

PODCAST: Affording The 'Texas Miracle,' Featuring Former Gov. Rick Perry PODCAST: Affording The 'Texas Miracle,' Featuring Former Gov. Rick Perry
Banks Look To Shed CRE Loans, Even If That Means Selling At A Discount Banks Look To Shed CRE Loans, Even If That Means Selling At A Discount
Apple Plans Major Retail Real Estate Effort With New Stores, Relocations Apple Plans Major Retail Real Estate Effort With New Stores, Relocations
'The Tipping Point Came': Delinquency Rate On CMBS Loans Shoots Up 'The Tipping Point Came': Delinquency Rate On CMBS Loans Shoots Up
Perforation

Artemis Closes $2.2B Fund, Plans To Invest In Distressed Real Estate Across The Country

Artemis Real Estate Partners has secured its largest-ever investment haul at a time when fundraising is down across the real estate industry, and it is preparing to take advantage of the distress that many owners are facing. 

The Washington, D.C.-based investment firm just closed its latest real estate vehicle, Artemis Fund IV, with $2.2B in commitments, more than double its previous largest fund and far exceeding its $1.5B target, the firm's top executives told Bisnow. 

Artemis Closes $2.2B Fund, Plans To Invest In Distressed Real Estate Across The Country

"This was the first time that our fund size was large enough we’ve attracted sovereign wealth interest from the Middle East and Asia, so that was new for us," Artemis co-CEO Deborah Harmon said in an interview Friday. "But the repeat of existing investors is reflective of the track record,…

Read the full story here.

  Share:  
 
Perforation

Troubled Data Center Provider Cyxtera Files For Bankruptcy

Troubled Data Center Provider Cyxtera Files For Bankruptcy

Struggling data center operator Cyxtera has filed for bankruptcy, creating a wave of uncertainty for some of the sector’s biggest players.The Florida-based colocation firm, struggling with looming debt maturities and a tanking stock price, announced over the weekend that it had initiated a “pre-arranged…

Read the full story here.

  Share:  
 
Perforation

In Case You Missed It...

D.C. Picks Team For Huge Reeves Center Project With NAACP HQ, Dave Chappelle Club D.C. Picks Team For Huge Reeves Center Project With NAACP HQ, Dave Chappelle Club
Monday Properties Defaults On Loan Backed By Billion-Dollar Rosslyn Office Portfolio Monday Properties Defaults On Loan Backed By Billion-Dollar Rosslyn Office Portfolio
Bob Cohen Retires As Perseus TDC Rebrands Bob Cohen Retires As Perseus TDC Rebrands
Real Estate Firm To Demolish Its Prince George’s County HQ For New Mixed-Use Project Real Estate Firm To Demolish Its Prince George’s County HQ For New Mixed-Use Project
This Week's D.C. Deal Sheet This Week's D.C. Deal Sheet
 
Perforation

Newsmakers: Amy Bowser On Moving From JLL To CBRE, Landing Deals, Reviving Downtown

A time of transition in the office market coincides with a major shift for Amy Bowser, a top D.C. office broker who is now an executive vice president at CBRE.

Bowser, who was named D.C.’s top leasing broker at the region's Commercial Real Estate Brokerage Association's awards ceremony in 2020 and 2022, made the jump two months ago from JLL, where she had worked for nearly two decades. 

She began her career with six years at Spaulding & Slye Colliers in 1999 until the D.C. real estate agency was bought by JLL in 2005. She worked in the firm's mid-Atlantic office, rising to executive managing director before moving to CBRE in March.

Her portfolio of high-profile office deals includes law firm Williams & Connolly’s 300K SF lease at the Wharf and The Washington Post’s move to One Franklin Square in 2015. In addition to her office market expertise, Bowser has a window into D.C.'s efforts to revitalize its downtown area through her work as a board member for the Golden Triangle Business Improvement District.

At a challenging moment for office markets and downtowns across the country, Bowser said there is some momentum in the asset class. In this interview, Bowser speaks about finding places for opportunity amid the uncertainty, what needs to happen for downtown D.C. — and downtowns across the country — to undergo a renaissance, and what strategies her landlord clients are using to lease office space.

Read the full story here.

 
 
 
BISNOW
 
       
 
You are receiving this email because you are either a member of the Bisnow community, have attended a Bisnow event, because you have a legitimate interest in real estate news and events because of your profession, or because of your business associations, memberships or partnerships.
 
This email was sent to: newsletter.archives@bisnow.com
 
   
 
123 William St, Suite 1505, New York NY 10038
Newsletter Approval Code: 67915