Washington D.C. - The Real Deal

Trophy office building in DC headed to foreclosure auction

TRD Staff — Wed, 21 May 2025 19:39:34 +0000

Another day, another foreclosure auction scheduled for a Washington, D.C., office building. The 405,000-square-foot trophy office property at 1625 Eye Street NW is set to be auctioned in a public sale on June 16, Bisnow reported. A notice regarding the sale was filed in the D.C. Recorder of Deeds. The auction was scheduled quickly after […]

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“Rarity of availability”: How tight inventory runs D.C.’s luxury market

Sheridan Wall — Mon, 19 May 2025 12:15:00 +0000

Washington D.C.’s luxury market is ruled by rare inventory — and only a handful of brokers know where to get it. D.C. is a “rarity of availability market,” said Daniel Heider of TTR Sotheby’s, the broker behind Commerce Secretary and former Cantor Fitzgerald head, Howard Lutnick’s record $25 million all-cash deal for Fox News anchor […]

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DC AG joins suit against former H Street director over $1.2M in stolen funds

TRD Staff — Wed, 14 May 2025 12:30:00 +0000

The former director of a D.C.-based nonprofit housing group is facing increasing legal pressure over alleged theft. D.C. Attorney General Brian Schwalb joined a lawsuit Monday against Kenneth Brewer Sr., former executive director of the H Street Community Development Corporation, the Washington Post reported. The lawsuit alleges Brewer misappropriated over $1.2 million in funds meant […]

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Six Flags America closure to cause real estate roller coaster

TRD Staff — Tue, 06 May 2025 19:00:00 +0000

The rides are coming down at Six Flags America in Bowie, Maryland, but the real estate carousel is about to start spinning out of control. The amusement park in Prince George’s County is set to close permanently on Nov. 2, Bisnow reported. In a statement, Six Flags CEO Richard Zimmerman said the park was “not […]

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DC, Washington Commanders ink $3.7B stadium deal

TRD Staff — Tue, 29 Apr 2025 21:30:00 +0000

For the first time in three decades, the Washington Commanders could soon have a home in the nation’s capital. The Washington Commanders and D.C. officials reached a $3.7 billion deal to transform the deteriorating 177-acre RFK Stadium site into a mixed-use district anchored by a 65,000-seat covered stadium, the Washington Post reported. The two sides […]

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Brookfield tenants claim leg up in clash over deceptive charges

TRD Staff — Wed, 23 Apr 2025 13:00:00 +0000

Tenants of Brookfield Properties in Washington, D.C., are taking their landlord to task — and a new twist in the clash over the back-and-forth over fees. A class action lawsuit filed in December against Brookfield by a tenant of a luxury apartment complex claimed residents were overbilled for utilities. The lawsuit accuses the New York-based […]

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Brookfield affiliate sells utility giant’s DC headquarters

TRD Staff — Wed, 16 Apr 2025 21:00:00 +0000

Brookfield Asset Management is selling another office building in Washington, D.C. An affiliate of the company sold the Edison Place building in the nation’s capital for $175 million, according to property records reported by the Washington Business Journal. The buyer of the property at 701 Ninth Street NW was an affiliate of Exelon, a utility […]

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Mark Zuckerberg shells out $23M for DC mansion

TRD Staff — Mon, 07 Apr 2025 17:30:00 +0000

Meta has been trying to cozy up to Donald Trump’s administration. Now, Mark Zuckerberg is moving as close as possible to the president. Zuckerberg is the buyer of a $23 million mansion in Washington, D.C.’s posh Woodland Normanstone neighborhood, Politico reported. The all-cash sale took place in early March, but the Meta chief wasn’t outed […]

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Brookfield ditches another DC office with a discount

TRD Staff — Mon, 31 Mar 2025 19:29:48 +0000

Brookfield Properties traded another Washington, D.C. office property at a loss, but it can take heart in knowing that it has had tougher sales in recent memory. An affiliate of Brookfield sold the Victor Building at 750 Ninth Street NW for $153 million, the Washington Business Journal reported. That’s slightly below the $157.5 million Brookfield […]

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JBG Smith lists DC luxury rental for $180M

TRD Staff — Fri, 28 Mar 2025 15:49:59 +0000

The JBG Smith blowout sale is ready to claim its next property. The Bethesda-based real estate investment trust is seeking to sell a luxury apartment building in Washington, D.C.’s Union Market neighborhood, according to a tenant notice reported by Bisnow. JBG is seeking $180 million for The Batley at 1270 Fourth St. NE, which would […]

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