Local CRE Trends

Webinar
ULI Washington: Southern Management’s $2.4B Transaction: Inside The Deal

On July 13, 2020 we took a deep-dive into this transaction via a ULI case study webinar. Joining us was Suzanne Hillman of Southern Management, Jeff Hayward of Fannie Mae, Brendan Coleman of Walker Dunlop, and Leslie Ludwig of L&L Advisors. The webinar gave us a great opportunity to learn about the complexity and nuances of the transaction and hear from some of the other key leaders who made it happen. Click here to access recording.
 
For more information see the article: Leadership Insights from Candace Chazen and Charlotte Troup Leighton:

At a time when we have experienced months of challenges none of us would have ever imagined – the triple threats of COVID-19, the employment and financial impact, and then the extraordinary protests once again calling for imperative, true, and lasting equality, we wonder if there is any good news to counterbalance what is playing out on the global stage. Where are we finding collaboration, patience, creative problem-solving — and solutions? And can we in commercial real estate forge forward during a time of confusion, distraction and uncertainty in not only the markets, but in our society and common humanity? We found that answer to be “yes, we can.” Read More….

Discover What’s New and Interesting in Our Backyard

As the nation’s capital, Washington, D.C. is steeped in history and is renowned for its distinctive character: it is at once an epicenter of politics, world-class tourist destination, working federal city and home to more than 672,000 residents.

The Washington metropolitan area, which includes “the District” and parts of Maryland, Virginia and West Virginia, is home to approximately 6.1 million residents and is the sixth-largest metropolitan area in the United States. As a major international hub for government, big business and tourism, our nation’s capital and its surrounding states feature some of the most dynamic and complex commercial real estate in the country.

Washington, D.C. has been experiencing an urban renewal for the past two decades, with billions in new investments in its downtown area, nearby neighborhoods and waterfront area. Investment in new retail, restaurants, and entertainment options have resulted in a population surge, according to the Washington DC Economic Partnership (WDCEP). The D.C. population has increased by 9 percent since 2010, and retail construction is on the rise to meet the population demand, with 1.9 million retail square footage under construction, according to WDCEP.

The area’s diverse economy creates unique opportunities for commercial real estate development. In May 2017, Washington, D.C. was named #6 on the IESE Cities in Motion Index, which ranks the world’s “smartest” cities analyzing their level of development in 10 key areas: governance, urban planning, public management, technology, the environment, international outreach, social cohesion, mobility and transportation, human capital and the economy. Easy access to lawmakers, close proximity to cybersecurity investment dollars, and a number of smart initiatives help to strengthen the commercial real estate market.

Commercial real estate construction remains at a fevered pace, the most since 2008, according to global real estate services firm Colliers International, with just over half of the space already committed after the first quarter of 2017.

About Fidelity National Financial

Fidelity National Financial, Inc. (FNF) is currently ranked #288 on the 2021 FORTUNE 500®*, and is among numerous defense, energy, media, hospitality and financial FORTUNE 500®* companies based in the region. Our Atlanta-based team of CRE professionals works in all facets of the industry, including power and energy projects, office buildings, industrial parks, multifamily housing, retail properties, government contracts, corporate transactions and more.

Discover what’s new and interesting in our backyard in the latest real estate news, provided courtesy of the FNF Newsdesk.

*FORTUNE®” and “FORTUNE 500®” are registered trademarks of Time Inc. Time Inc. is not affiliated with, and does not endorse products or services of, Fidelity National Financial, its subsidiaries, or affiliates.


The Latest Articles From the FNF Newsdesk:

Conforming loan limit rises to nearly $1 million in some areas
Following the announcement of increased conforming loan limits for 2022, which will come close to $1 million for a single unit property in certain areas, the acting head of the Federal Housing...

Best IRA CD rates – December 2021
An IRA CD is a savings option to consider for those looking for a guaranteed return on retirement funds. Investing in an IRA CD is relatively easy. It’s similar to purchasing a regular CD, but...

Best 3-month CD rates — December 2021
Today’s top widely available three-month CDs pay 0.4 percent annual percentage yield (APY). A three-month CD could be a great place to invest for short-term financial obligations, like establishing a...

Best 6-month CD rates — December 2021
For many savers, a six-month certificate of deposit is the sweet spot, allowing them to tuck away money long enough to earn a higher rate while still providing a shorter withdrawal horizon than CDs...

Moderating Prices Impede Sellers’ Market Advantage
In some of the nation’s hottest housing markets, housing prices climbed by more than 30% this year. While prices are continuing to rise across the country, there are signs that steep price jumps are...

Best 18-month CD rates — December 2021
Deciding where to stick your savings is tricky. Savings accounts and money market accounts are highly liquid but usually offer a low rate of return. Long-term CDs usually offer better rates. But...

Best 1-year CD rates — December 2021
Certificates of deposits (CDs) are safe savings vehicles for investors looking to avoid risk. If you keep your funds locked up in the bank for the entire term, whether it’s three months, a year, or...

Best 9-month CD rates — December 2021
Reaching your savings goals can be challenging. And having easy access to funds in a money market or savings account doesn’t help. If you struggle to keep your hands off your savings, a nine-month...

As home prices soar, FHFA conforming loan limits to rise record 18% for 2022
As home prices continue their record-breaking climb, the Federal Housing Finance Agency said Tuesday that loan limits for mortgages that can be bought by Fannie Mae and Freddie Mac in 2022 will rise...

GMH Communities Breaks Ground on Philly-Area Project
Rendering of the Caswell at Runnymeade. Image courtesy of GMH Communities Multifamily developer GMH Communities announced it has broken ground on a 249-unit apartment community in Newtown Square,...