Law Firm O’Melveny Renews 100K SF at 1625 Eye Street in D.C.
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. Washington office has been a leading conversion market in the cycle, with multiple downtown Class B assets entering office-to-residential programs in the last twelve months. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 15th Washington story tracked on the wire in September 2026. All Washington coverage →
Computed from Real Estate Trail’s own tracked coverage
O’Melveny & Myers has signed a 15-year renewal for roughly 100,000 square feet at 1625 Eye Street NW in Washington, D.C., as the building’s new ownership group sets up a substantial renovation. The global law firm has…
External link. Real Estate Trail does not republish source content.
Related coverage — Washington
Newmark Arranges 29K-SF Industrial Lease in Kent
Newmark has arranged a 291,035-square-foot industrial lease in Kent, Washington, to Cowboy Space, an aerospace and advanced manufacturing firm that plans to establish a major production operation at the site. Executiv…
New Report: Surplus Tax Revenue from a Single Data Center Could Pay Every Household in a Rural County Up to $8,900 a Year
Bitcoin Policy Institute proposes "data center dividends" for rural county residents funded entirely by property tax revenue counties already collect WASHINGTON, Sept. 9, 2026 /PRNewswire/ -- Rural counties hosting AI…
Clearsight Advises Ambit in its Acquisition by Danforth Health
WASHINGTON, Sept. 9, 2026 /PRNewswire/ -- Clearsight Advisors, Inc. ("Clearsight") is pleased to announce a successful transaction in its Healthcare and Life Sciences Services practice. Clearsight served as the exclus…
Broadcom Acquires Irvine Headquarters Campus
PRP Real Assets, a privately held real estate investment and management company headquartered in Washington, DC, has sold the Broadcom Corporate Campus in Irvine. Broadcom acquired the property from PRP for $325 milli…
Cowboy Space Leases 291,035 SF Industrial Facility in Kent, Washington for Production Site
KENT, WASH. — Cowboy Space, an aerospace and advanced manufacturing firm, has leased a 291,035-square-foot facility at 7650 S. 228th St. in Kent, a suburb 20 minutes south of Seattle, from CenterPoint. Thad Mallory an…
U.S. Economy Posts Strong Rebound in August, Adds 162,000 New Jobs
WASHINGTON, D.C. — The U.S. economy added 162,000 net new jobs in August and the unemployment rate was unchanged at 4.1 percent, according to the U.S. Bureau of Labor Statistics (BLS). The rise in total nonfarm employ…