CoStar To Look At New Sectors For Next Acquisitions After Failed Deals, FTC Scrutiny

CoStar Group has become a $32B commercial real estate data giant in large part through acquisitions, but that strategy has started to hit some obstacles.   Over the last three months, CoStar has had two rare examples of high-profile acquisition pursuits falling through. One of the deals, its agreed-upon acquisition of RentPath, was blocked by a …

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With The Pandemic Almost In The Rearview Mirror, Montgomery County Focuses On Growth And Housing

Last May, when some areas of Maryland began to relax coronavirus restrictions, the state’s most populous county remained vigilant. Now, as more than 194,000 Montgomery County residents have received their first dose of the Covid-19 vaccine, things are looking up. Residents have a lot to look forward to, from the county forging ahead with its Thrive …

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In Case You Missed It: Top Stories In Montgomery County

1. EYA, Bozzuto and the Housing Opportunities Commission of Montgomery County break ground on a 268-unit apartment building near the Shady Grove Metro station. 2. Despite apartment rents in D.C. dropping dramatically, developers aren’t backing down from adding new supply. 3. Dr. Travis Gayles, Montgomery County’s health officer, says that the county might lift some restrictions on …

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Hersha Hospitality Trust Sells D.C., Boston Hotels

Hersha Hospitality Trust is continuing with its strategy of selling hotels as the industry reaches a full year since the coronavirus pandemic disrupted its business.  The REIT sold the 153-room Capitol Hill Hotel in D.C. for $51M and the 112-room Holiday Inn Express in Cambridge, Massachusetts, for $32M, a Hersha spokesperson tells Bisnow. Hersha announced Tuesday it …

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Startup That Turns Restaurants, Hotels Into Flexible Workspaces Raises $2.5M

A D.C.-based startup that turns underutilized restaurant and hotel space into flexible workspaces has raised its seed funding round.  WorkChew announced Wednesday it raised $2.5M in a funding round to help it expand across the country.  The seed round was led by Harlem Capital and also included participation from Wilshire Lane Partners, Invictus Advisory Group, Techstars Ventures …

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Why Investors Are Looking To De-Risk Their Portfolios With Net Leases

The fundamentals of the national economy and the specifics of the current DC development boom have combined to make this a great time to be in the triple net lease game in DC, according to Calkain Cos CEO Jonathan Hipp (above on left with NYU’s Dr. Sam Chandon). He tells us triple net lease deals continue …

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6 Strategies to Maximize the Effectiveness of a Bridge Property Loan

Bridge property loans are shorter-term financing solutions for real estate investors. Repayment terms of up to one year make these loans an excellent way to free up cash for quick transactions. The special features of these loans make them ideal an ideal tool for investors who want to take advantage of certain opportunities without sacrificing …

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