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News:
Lockheed Q1 sales climb on robust global defense spending
While sales were up, net income shrank for the Bethesda defense giant.D.C.-area health system chief leaving for post in Florida
He's led the Gaithersburg health system for a decade.Regency Centers' redevelopment projects transform underutilized properties into vibrant spaces in the mid-Atlantic
The past year brought adverse economic and capital market impacts to the CRE market. According to a year-end report from Deloitte Inc., CRE sector respondents point to the cost of capital and capital availability as the weakest among real estate fundamentals. About half of respondents expect the cost of capital (50%) and capital availability (49%) to worsen through 2024, up from 38% and 40%, respectively, last year.
However, Regency Centers, one of the largest retail real estate investment trusts…Richmond pharma company lands federal contract for nerve-agent antidote
It's the company's first contract with the Biomedical Advanced Research and Development Authority.Viewpoint: Don't dispose of federal pre-war buildings. Do this instead.
In its interim report published in March, the Public Buildings Reform Board suggested downsizing the government's massive real estate portfolio to address the significant underutilization of federally owned office buildings. If the federal government proceeds with a plan to dispose of buildings based on current utilization rates, it will have missed the opportunity of the century to modernize its real estate portfolio while simultaneously improving its downtown urban context.
Washington’s downtown,…Arlington private equity firm starts cutting deals after closing $325M fund
The firm plans to deploy the entire fund via investments ranging between $25 million and $50 million.Bozzuto makes first multifamily acquisition in more than a decade
The property was 96% occupied leading up the transaction.CoStar says time's up for WeWork to make decision about lease
The real estate data giant became a landlord to the coworking giant in February.Amtrak wins ruling in Union Station eminent domain lawsuit
The ruling from a federal judge comes about two years after the rail company moved to take the property.CoStar to make $1.6B tech-focused acquisition
The real estate data giant plans to invest in the California company's technology.