New Washington Events Venue Opens Near Pentagon
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.
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On the RET wire
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Computed from Real Estate Trail’s own tracked coverage
Concorde, a Washington meeting and events destination, is now open in National Landing. The venue is located next to the Pentagon, Amazon’s National Landing headquarters, and Reagan National Airport. The 12,000-…
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