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August 7, 2023

Biden’s ‘Aggressive’ Push To Bring Federal Workers Back Praised By D.C. Leaders

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After the Biden administration’s most overt push yet to bring federal employees back to the office, local leaders are commending the effort, but office market experts are waiting to see what real impact it will have. 

Biden’s ‘Aggressive’ Push To Bring Federal Workers Back Praised By D.C. Leaders

In an email to Cabinet members Friday, President Joe Biden’s chief of staff, Jeff Zients, called for agencies to “aggressively execute” plans to bring employees back to the office more days a week beginning this fall, Axios reported. “Your agencies will be implementing increases…

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Developer Buys 3 College Park Hotels To Tear Down, Replace With Affordable Housing

More than 300 units of affordable housing are planned for a site not far from the University of Maryland's flagship campus after the sale of three adjacent hotels.

Developer Buys 3 College Park Hotels To Tear Down, Replace With Affordable Housing

The 4.4-acre site at 9113 and 9137 Baltimore Ave. in College Park has long been home to the Days Inn, Howard Johnson and Red Roof Inn hotels. The property sold to a developer that is planning to build a…

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Big Brokerages Increase Cuts, Lower Forecasts For Rest Of 2023

Interest rates and frozen transaction markets are biting hard at public brokerages’ bottom lines, but company executives are assuring investors they see a path to better times amid the financial hammering — just maybe not until 2024.

Big Brokerages Increase Cuts, Lower Forecasts For Rest Of 2023

Cushman & Wakefield, Newmark, JLL, CBRE, Colliers and Marcus & Millichap reported drops in revenues in their second-quarter results. Profits all but disappeared relative to the second quarter of…

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