Equity Commonwealth has offloaded its only D.C.-area asset as it continues liquidation efforts.

Miami-based Banyan Street Capital purchased the asset at 1250 H St. NW, a 196K SF office building near Metro Center, with plans for renovations. The price was $27.5M, according to D.C. deed records. 

This summer, Equity Commonwealth announced it would wind down its business and liquidate its four remaining properties after not seeing the buying opportunities it hoped for. 

Also this week, Cape Advisors secured a loan to acquire and renovate a College Park student housing property to multifamily, an Aldi opened at Art Place at Fort Totten, and several major personnel moves occurred, including top office leasing broker Doug Mueller leaving JLL. 

Read the rest of this week’s D.C. Deal Sheet here.

— Emily Wishingrad

Job Market Report: A net 227,000 nonfarm jobs were added to payrolls in November, beating analysts’ expectations by 13,000. But the unemployment rate ticked up to 4.2%. It comes roughly two weeks before the Federal Reserve’s next opportunity for an interest rate cut. Read more. 

RealPage Motion To Dismiss: RealPage is trying to dismiss an antitrust lawsuit filed this summer by the Department of Justice and eight states. The Richardson, Texas-based software company argued the DOJ’s initial complaint lacked factual allegations to support its claim that RealPage’s software caused anticompetitive impacts on the market. Read more.