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New group launches to pursue comprehensive economic strategy for D.C. region
A new coalition has been formed to develop a comprehensive economic strategy for the D.C. region. The Metropolitan Washington Council of Governments (MWCOG) is among the key participants, aiming to create a unified approach to economic development.
Baltimore real estate company sells Northern Virginia flex industrial portfolio for $62.5 million
A Baltimore real estate company has sold a seven-building industrial portfolio located in the Dulles Tech Corridor for $62.5 million. This transaction highlights ongoing activity in the industrial real estate market.
New York REIT offloading Sterling office building in liquidation of U.S. portfolio
New York REIT is in the process of liquidating its U.S. portfolio by offloading the Sterling office building. A buyer has been secured for the 102,000-square-foot property, which is set to be transformed into a data center.
Insight, Moriarty snag Alexandria office building for just $7.1M to convert into apartments
Insight and Moriarty have acquired a six-story office building located at 2051 Jamieson Ave. for $7.1 million. This purchase is significantly lower than the $65.8 million paid by James Campbell in 2008, with plans to convert the building into apartments.
New investors are turning to this housing trend
A rising trend in residential real estate is gaining traction as high single-family home prices push new investors towards house hacking. This strategy allows homeowners to generate rental income by sharing their living space. The approach is becoming increasingly popular as a means to offset housing costs.
Alexandria startup HyperSpectral eyes $60M raise as it hunts for permanent lab space
HyperSpectral, an Alexandria startup, is seeking to raise $60 million while exploring options for permanent lab space. The company is considering multiple locations in the region as part of its growth strategy.