Emily Wishingrad

3 weeks ago | go.reit.com | Emily Wishingrad

Washington, D.C. Office View count: April 03, 2025 | 4:30 p.m. ET The D.C. office market was just starting to stabilize when the federal government threw a wrench in the plan, fueling a new sense of uncertainty across the city. But the top echelon of the market is facing a vastly different reality, new data shows. The market for trophy office space is getting tighter every quarter.

3 weeks ago | bisnow.com | Emily Wishingrad

California-based SmartStop Self Storage raised $810M through its initial public offering and began trading on the New York Stock Exchange on Wednesday. A SmartStop Self Storage facility at 4747 Cal Sag Road in Crestwood, Illinois. The new REIT has sold 27 million shares at its offering price of $30 each, Bloomberg reported. That share price values the company at more than $1.5B. The price was in the lower half of the range it was previously marketing — between $28 and $35 per share.

3 weeks ago | bisnow.com | Emily Wishingrad

The federal government — historically seen as a stabilizing force in the D.C. region — is morphing into a liability as the Trump administration slashes the workforce, office footprint and funding across agencies. Arlington County, directly across the river from D.C., has long been home to government tenants and contractors and has relied on them for its economic prosperity. Like the entire region, Arlington is now staring down a threat to that reality.

3 weeks ago | bisnow.com | Emily Wishingrad

It seemed like Prince George’s County had finally landed the massive economic development victory it had long been waiting for in the fall of 2023 when the federal government selected it as the site for a new $3.5B FBI headquarters. That plan is now likely dead after President Donald Trump announced earlier this month that his administration intends to stop the headquarters move.

3 weeks ago | bisnow.com | Emily Wishingrad

A Penn Quarter office building that dates back to the early 20th century has a new owner for the first time in nearly two decades. Brookfield Properties sold the Victor Building at 750 Ninth St. NW. to Rockwood Capital for $153M, according to D.C. deed records. “By selling the Victor Building, we continue to successfully execute on our strategy to optimize capital allocation to deliver maximum value to our investors,” a Brookfield Properties spokesperson wrote in an email to Bisnow.