Washington DC Area Commercial Real Estate News
Editor's Briefing: Area companies show how tenants and landlords need each other to survive pandemic
by Brian KaberlineSun, 09 Aug 2020 04:44:55 +0000
A deal between two area public companies shows compromises many tenants and landlords are facing.
More than a dozen Fells Point restaurants abstain from indoor dining as it resumes in Baltimore
by Amanda YeagerSat, 08 Aug 2020 13:12:07 +0000
As limited indoor dining resumes in Baltimore, more than a dozen bars and restaurants in Fells Point have decided to hold off.
They banded together to make the announcement Friday evening shortly after 5 p.m., as other restaurants around the city were opening their dining rooms for the first time in two weeks. A news release signed by the owners of 18 restaurants in the neighborhood — plus one in Federal Hill — said the decision was made based on safety concerns as Covid-19 continues to…
Bluejack National with Tiger Woods-designed golf course sees memberships jump amid 'staycation' push
by Jeff JeffreySat, 08 Aug 2020 11:00:00 +0000
One company that has already seen an uptick in business from the staycation market is Bluejack National Club and Community, the 755-acre resort-style community in Montgomery that is anchored by an 18-hole golf course designed by Tiger Woods.
2020 Best Places to Work: 'Over-the-top' events help this firm engineer a good workplace
Fri, 07 Aug 2020 22:15:00 +0000
The company's goal is to see employees as more than just a number.
San Ramon software company Five9 expands HQ at Bishop Ranch
by Ted AndersenFri, 07 Aug 2020 22:04:40 +0000
Publicly traded cloud-based software company Five9 is upping its office footprint in San Ramon's Bishop Ranch and establishing its new corporate headquarters there, according to the company's recently filed SEC documents.
Five9 (NASDAQ: FIVN) stated in a recent regulatory filing that it is entering into a 10-year lease for approximately 104,253 square feet at 3001 Bishop Drive. The tech company's current headquarters is at 4000 Executive Parkway, also in the Bishop Ranch Business Park, where it…
Starbucks to open at A&B's Aikahi Park Shopping Center
by Janis L. MaginFri, 07 Aug 2020 21:58:00 +0000
Honolulu-based Alexander & Baldwin (NYSE: ALEX) said the lease with the national tenant was one of 10 leases in Kailua executed during the second quarter, and one of 42 signed during the quarter across the REIT’S portfolio.
Portland Business Alliance counters Metro council president's offer on payroll tax rate
by Jonathan BachFri, 07 Aug 2020 21:49:07 +0000
The Portland Business Alliance asked Metro to take a $5 billion transportation measure off the November ballot for now and rework it, countering an offer pitched by the Metro council president earlier in the week to pare back a proposed payroll tax rate.
Plans for Mid-Market hotel still active, but modified
by Laura WaxmannFri, 07 Aug 2020 21:48:43 +0000
Even as more than 40% of San Francisco’s hotels remain closed indefinitely due to the Covid-19 pandemic, plans for a new 12-story hotel proposed in Mid-Market three years ago are moving forward.
The proposal, which also includes office and co-working components, has cleared a preliminary environmental review, SocketSite reports. In July, the San Francisco Planning Department issued a preliminary negative declaration in regard to the impacts that the project would have on the environment.
The…
Lender could seize 48 hotels across US, including Arizona, in $780M foreclosure
by Brian BandellFri, 07 Aug 2020 21:07:39 +0000
The hotels performed strongly in 2019, but then the pandemic happened.
PR firm outgrows J Street Victorian, lists building for sale
by Emily HamannFri, 07 Aug 2020 21:04:21 +0000
A historic Victorian building in Midtown Sacramento is back on the market after its owner, a public relations firm, outgrew the space.
