Mall REIT Washington Prime Group Files For Chapter 11

Washington Prime Group, which owns about 100 U.S. retail properties, including enclosed malls and strip centers, has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas. The company says it has obtained $100M in debtor-in-possession financing to fund operations during bankruptcy proceedings.

Federal Government Real Estate Arm Appoints First Senior Equity Adviser

The agency that controls the federal government’s 376M SF real estate portfolio has created a new role to address diversity, equity and inclusion. The General Services Administration announced Friday it appointed Andrea M. O’Neal as the senior adviser to the administrator on equity. O’Neal has 20 years of experience working on equity, racial justice, diverse workforce …

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Donohoe, Carr Cos. Aim To Revitalize Friendship Heights With New 18-Story Development

The posh Maryland-D.C. border neighborhood of Friendship Heights has suffered from the demise of traditional retail, with multiple department stores closing and a shopping mall going through foreclosure, but the developers behind a new project aim to reverse that trend. Donohoe Cos. Senior Vice President Jad Donohoe tells Bisnow that the company’s new mixed-use project at 5500 Wisconsin Ave., …

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EagleBank Changemakers: Dantes Partners Buwa Binitie On The Biggest Challenges Facing CRE

“EagleBank is proud to present the DMV Changemakers Series, sharing the experience, work and perspectives of innovative real estate business leaders across the Washington, D.C., market. At EagleBank, we have a singular purpose: to be community builders. Our CRE financing continues to make a positive impact in communities throughout the mid-Atlantic. Our partners are setting …

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D.C. Hotels Still Struggling Despite Tourism Bump

A Saturday afternoon stroll across the National Mall this weekend revealed a starkly different scene than it would have at this time last year. The ceremonial sidewalks that for months were eerily quiet are now teeming with tourists.  With a majority of Americans now vaccinated and the summer weather upon us, leisure travelers have returned to the nation’s …

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RPAI Restarts Prince George’s County Project After Pandemic Pause

A major Prince George’s County development that was put on pause at the start of the coronavirus pandemic is now moving forward.  Retail Properties of America announced Wednesday it plans to begin construction in the second half of this year on the first building of its Carillon mixed-use development in Largo. The project’s first phase is planned to be …

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Tech Company Taking 6 Floors At Newly Renovated Downtown D.C. Building

The Meridian Group has landed a tenant to fill the top six floors at a Downtown D.C. office building where it completed a $20M renovation.  Enovational, a software and digital services company, signed on for 97K SF at 1400 L St. NW, Meridian announced Monday. The tenant plans to relocate next spring from 1101 K St. …

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