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August 18, 2023

This Week's D.C. Deal Sheet
New Speaker: Hear From Monday Properties EVP Jennifer Burns On Its Latest Arlington Office And Multifamily Investments Aug. 24

EYA and Pulte are preparing to deliver a new 370-unit townhome and condo community in Rockville, the developers announced this week. The Farmstead District will cover a 20-acre site that was formerly home to a car dealership and farmland before that.

This Week's D.C. Deal Sheet

In addition to a commercial-to-residential zoning change, the property had to undergo a jurisdictional land transfer. As it stood, around half of the site was in Rockville, and the rest was in a separate part of Montgomery County. The development had to be annexed fully into the city of Rockville in…

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Top Stories on Bisnow.com
Hawaii Governor Says State Might Be Powerless To Stop Maui Land Grabs Hawaii Governor Says State Might Be Powerless To Stop Maui Land Grabs
Alexandria Real Estate President And CFO Resigns Alexandria Real Estate President And CFO Resigns
Bankrupt Trucking Company Yellow Agrees To Sell Its Real Estate To Rival For $1.3B Bankrupt Trucking Company Yellow Agrees To Sell Its Real Estate To Rival For $1.3B
CBRE Dials Back U.S. Hotel Forecast As Americans Seek Their Revenge Travel Abroad CBRE Dials Back U.S. Hotel Forecast As Americans Seek Their Revenge Travel Abroad
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New DHS Headquarters Gets $288M In Inflation Reduction Act Funds

New DHS Headquarters Gets $288M In Inflation Reduction Act Funds

The final pieces of the Department of Homeland Security’s headquarters at D.C.'s St. Elizabeths West campus are coming together with new funding from the Inflation Reduction Act.President Joe Biden's administration announced Thursday it is allotting nearly $288M of IRA funds to three of…

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With Conversion Options Limited, Demolition Breaking Through For Underused Offices

With hope for a full-fledged return to office fading, the conversation around underused office buildings in cities nationwide has largely featured the idea of converting them into housing, laboratory space or another in-demand property type. But with high costs and a litany of other challenges, conversions have been largely characterized as a drop in the empty-office bucket.

Cue the wrecking ball.

With Conversion Options Limited, Demolition Breaking Through For Underused Offices

It may seem like an extreme step, but as expectations for full Class-B and C offices crumble and renovation costs climb, demolishing buildings to free up the land under them for a new use is gaining traction.Kyle Bass, founder of Dallas-based Hayman Capital Management, told Fortune…

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In Case You Missed It...
How Alexandria Has Become A National Leader In Office-To-Residential Conversions How Alexandria Has Become A National Leader In Office-To-Residential Conversions
Gas Station Mogul Pitches 13-Story Hotel With Rooftop Bar In Mount Vernon Triangle Gas Station Mogul Pitches 13-Story Hotel With Rooftop Bar In Mount Vernon Triangle
Elevated Prices, Labor Shortages Aren't Going Away. Now Construction Needs To Adjust Elevated Prices, Labor Shortages Aren't Going Away. Now Construction Needs To Adjust
JBG Smith To Take Office Buildings Out Of Commission As Huge Vacancies Loom JBG Smith To Take Office Buildings Out Of Commission As Huge Vacancies Loom
 
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After Shrinking Of Publicly Traded Data Center Universe, New IPOs May Be On The Horizon
After Shrinking Of Publicly Traded Data Center Universe, New IPOs May Be On The Horizon  

Private capital has fueled the data center industry’s record growth in recent years, but a return to Wall Street could be coming soon.

Since 2020, the number of publicly traded data center firms has dwindled to just a pair of REITs, with some of the world’s largest operators exiting public markets through multibillion-dollar M&A deals. The consensus over the past three years has been that private capital is better equipped to fund the…

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