Fitness Tenants Show Signs Of Life As People Trickle Back To The Gym

Fitness concepts and gyms are beginning to see their clientele return as the vaccine rollout in the U.S. gathers steam, and that is starting to translate into real estate interest, according to retail landlords, brokers and tenants. It’s a healthy sign for the sector, which has been forced to navigate a series of major challenges, …

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Jefferson Apartment Group Buys Development Site In Ballston

After delivering a 22-story apartment tower in Ballston last year, Jefferson Apartment Group is launching another multifamily project in the neighborhood. The developer, in partnership with Chilean investor Stars REI, announced Thursday it acquired the land for a 108-unit project at 1031 North Vermont St. Property records show the sale closed March 15 for $12.3M.  The project …

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As Britain Gets A Round In, NewRiver Looks To Sell £260M Pub Portfolio

On Monday, Britain was able to head to the pub again — well, the pub garden at least — and have an outdoor, socially distanced pint. It is perhaps no coincidence that in the week the country became reacquainted with boozers again, NewRiver unveiled plans to spin off its substantial pub portfolio. The listed retail …

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Developers Celebrate Long-Awaited Groundbreaking Of Mixed-Income Shaw Condo Project

A long-planned project is now underway that will bring a mix of market-rate and affordable condos to D.C.’s booming Shaw neighborhood.  The local development team of Roadside Development and Dantes Partners were joined by their partners and D.C. officials Tuesday to celebrate the groundbreaking of the 79-unit condo project at the corner of Eighth and O streets …

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Office-To-Housing Plays Are Buzzier, But Retail, Hotel Conversions May Become More Common

The strategy of converting aging office buildings to residential has become a growing trend in the D.C. area that can potentially help solve two of the region’s problems: its record-high office vacancy and its need for more housing.  Adaptive reuse projects also have benefits such as saving time and maintaining the authenticity of a property, according to developers, architects and local …

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Retailers And Buyers Line Up For Former Topshop Oxford Street Flagship

A roster of big name retail occupiers and international real estate buyers are running the rule over Topshop’s former Oxford Street flagship store. Amazon, Nike, Ikea, JD Sports and Frasers have all expressed an initial interest in occupying the 100K SF store on Oxford Circus, Drapers reported. Topshop owner Arcadia went into administration in December, …

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D.C. Launches $350M Rental Assistance Program With Money From Federal Government

D.C. is using hundreds of millions of dollars from the last two federal stimulus bills to provide financial assistance to renters.  Mayor Muriel Bowser announced the launch Monday of a $350M program to help struggling D.C. residents make rent and utilities payments.  Renters and landlords can apply for funding from the program to cover past and future …

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In Case You Missed It: Top Stories About Reston And Herndon

1. Boston Properties looking to replace a parking garage with office space at Reston Gateway.  2. Microsoft continues to expand into Northern Virginia, with 400K SF at Reston Town Center.  3. Volkswagen’s USA headquarters will anchor a new office building near Reston Town Center.   4. The start of service on the second phase of the Silver Line will be …

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