Jon Banister

Washington, D.C.

Deputy East Coast Editor at Bisnow

Deputy East Coast Editor @Bisnow based in D.C. Our daily newsletters: https://t.co/gmvv5z1guO | Boston native | UMD '16

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Articles

D.C. Council Passes Eviction Bill After Making Landlord-Backed Changes

1 week ago | bisnow.com | Jon Banister

A bill that would make substantial changes to the way eviction cases are handled in D.C. — the city with the highest level of unpaid rent in the country — is heading to the mayor's desk. The John A. Wilson Building, home to the D.C. Council and the mayor's office. The D.C. Council on Tuesday passed the Emergency Rental Assistance Reform Amendment Act of 2025 with its second and final vote.
Six Flags To Close Maryland Theme Park, Offer 500 Acres For Redevelopment

1 week ago | bisnow.com | Jon Banister

The ride is nearly over for the Six Flags America and Hurricane Harbor amusement park in Prince George's County, Maryland. An aerial view of Six Flags America in Prince George's County, Maryland. The park is planning to close after this year's operating season on Nov. 2, Six Flags Entertainment Corp. announced Thursday. Six Flags CEO Richard Zimmerman said it determined the park is “not a strategic fit” within its long-term growth plan.
Mayor Bowser Proposes Boost To Housing Fund Despite Budget Concerns

2 weeks ago | bisnow.com | Jon Banister

After diverting money last year from a fund that typically produces affordable housing to instead stabilize struggling properties, D.C.'s mayor is now looking to return to funding new developments. D.C. Council Chairman Phil Mendelson, Mayor Muriel Bowser and Deputy Mayor Nina Albert at a Sept. 30, 2024, briefing on efforts to protect the city's affordable housing stock.
The Wharf's Developers Sell Their Stake At $1.8B Valuation

2 weeks ago | bisnow.com | Jon Banister

The developers that brought a 3.5M SF mixed-use project to D.C.'s waterfront have sold their interest in the property. The full first and second phases of megaproject The Wharf, photographed from East Potomac Park in February 2022. Hoffman & Associates and Madison Marquette have sold their stakes in The Wharf to PSP Investments, the developers announced in separate press releases Monday.
BXP's New Downtown Office Project Hits 87% Preleased With 126K SF Law Firm Deal

3 weeks ago | bisnow.com | Jon Banister

Law firm Cooley LLP has signed a big deal at a planned downtown D.C. office development as new trophy space continues to dominate the leasing market. The Palo Alto, California-based firm signed a 20-year lease for 126K SF at 725 12th St. NW, where BXP plans to demolish a 33-year-old building and develop a new 320K SF office, the developer announced Thursday.
D.C. Housing Starts Drop 79% As Investors 'Move Their Money Elsewhere'

3 weeks ago | bisnow.com | Jon Banister

For most of the last decade, the skyline in the nation’s capital was defined not only by the Capitol and the Washington Monument but by a flock of construction cranes. Over the last year, most of those cranes have disappeared. Last year, 932 rental housing units began construction in D.C., according to the Washington D.C. Economic Partnership’s annual Development Report. That was down 79% from the 4,474 units that started construction in 2023.
REPORT: D.C. Nearing $3B Stadium Deal To Bring NFL Team Back To City

4 weeks ago | bisnow.com | Jon Banister

A highly anticipated deal to bring Washington's NFL franchise back to D.C. is reportedly nearing the goal line. The 47,000-seat RFK Stadium stands 2 miles east of the U.S. Capitol. The Washington Commanders and Mayor Muriel Bowser's administration have a framework in place for a more than $3B deal to build a new stadium and surrounding development on the 174-acre RFK Stadium site, NBC4 reported.
WeWork Extends Lease, Shrinks Space At CoStar-Owned Arlington Tower

1 month ago | bisnow.com | Jon Banister

WeWork has reached a deal to stay at the Rosslyn office tower CoStar Group bought for its headquarters, though it is moving to a smaller space in the building. The 31-story Central Place office tower at 1201 Wilson Blvd. in Arlington's Rosslyn neighborhood. The coworking firm extended its lease at 1201 Wilson Blvd. and is reducing its footprint from three floors to two floors totaling 48K SF, a WeWork spokesperson told Bisnow. The company declined to disclose the length of the lease term.
Montgomery County Lawmakers, Executive Spar Over Conversion Incentive For Developers

1 month ago | bisnow.com | Jon Banister

Montgomery County lawmakers are looking to catch up with neighboring D.C. in incentivizing developers to convert vacant offices to housing, but the county executive is pushing back.
Nuveen Swallows 76% Price Cut On Northern Virginia Office Building

1 month ago | bisnow.com | Jon Banister

Another institutional investor has shed a Washington, D.C.-area office building for a fraction of what it paid for it. The Ellipse office building at 4350 N. Fairfax Drive in Ballston. Nuveen sold the office building at 4350 N. Fairfax Drive in Arlington, two blocks from the Ballston Metro station, on April 1 to Arlington-based Rooney Properties for $20.2M, property records show. That price equates to $103 per SF for the 197K SF building.