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May 14, 2024

From ‘New City’ To New Warehouse: Douglas Pivots Northeast D.C. Site

Plans to create a massive new mixed-use neighborhood next to the National Arboretum in Northeast D.C. have taken a turn.

From ‘New City’ To New Warehouse: Douglas Development Pivots Northeast D.C. Site

Douglas Development has long planned to build a 1.5M SF retail, hospitality and residential district on a 16-acre triangle of vacant land on the New York Avenue corridor, which it branded as New City DC. But those plans appear to be changing, as Douglas intends to start…

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D.C. Waldorf Astoria — Trump's Former Hotel — Scheduled For Foreclosure Auction

D.C. Waldorf Astoria — Trump's Former Hotel — Scheduled For Foreclosure Auction

One of D.C.’s most iconic buildings, just blocks from the White House, could be sold at a foreclosure auction next month.The owner of the Waldorf Astoria, the hotel at the Old Post Office, has defaulted on the mortgage tied to the leasehold at…

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Amazon Web Services CEO Adam Selipsky Stepping Down

Amazon Web Services CEO Adam Selipsky Stepping Down  

Amazon Web Services CEO Adam Selipsky is stepping down from his role as the head of the world’s largest cloud company, which has driven a boom in data center development.

Starting next month, Selipsky will hand over the reins of Amazon’s cloud computing division to Matt Garman, who now serves as Amazon’s head of AWS sales, marketing and global services. The leadership change, set to go into effect June 3, was first reported by The Verge and announced Tuesday morning…

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TikTok: CRE's Hidden Deal-Maker

TikTok: CRE's Hidden Deal-Maker  

Aviva Sonenreich's business phone hadn't rung in months.

It was 2020, and the Denver-based commercial real estate broker had no deal flow and extra time on her hands. She turned to TikTok, thinking she could learn the app and carve out a niche by posting videos under the #commercialrealestate tag.

She was right. 

In one of Sonenreich's early posts, the camera pans a warehouse, a delicate sparkle filter adding a glow to the empty concrete building as her voice-over describes the specs.  "It had an incredible amount of security," she says in the 20-second video. "Enough electricity to service, I don't know, New…

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