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The new Potomac Yard Metro station is slated to open in May, and work is underway on the Virginia Tech campus, an Inova facility and multifamily units. ....
Debilitated Former Sanford Capital Property Sells At Auction As Tenants Protest Conditions A group of Southeast D.C. tenants traveled to the far corner of Northwest Washington on a rainy Wednesday morning to protest the foreclosure auction where their community was to be sold. But by the time they arrived, the property had already found a new owner. Bisnow/Jon Banister Members of the Oak Hill Tenants Association and organizers waiting in the lobby of the 4910 Massachusetts Ave. NW office building after their apartment community sold at auction. The property being sold at the auction, held outside the office of Alex Cooper Auctioneers at 4910 Massachusetts Ave. NW, was the Oak Hill Apartments, a nine-building community sitting 12 miles and a river away on Wheeler Street SE in Congress Heights. ....
10 Must Reads for the CRE Industry Today (Jan. 9, 2021) NMHC’s first rent payment tracker numbers for 2021 show that 76.6 percent of renters had paid full or partial rent by January 6. Before Trump supporters turned violent at the Capitol they had been providing a boost to local hotel occupancies, reports Bisnow. These are among today’s must reads from around the commercial real estate industry. NMHC Rent Payment Tracker Finds 76.6 Percent of Apartment Households Paid Rent as of January 6 “The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 76.6 percent of apartment households made a full or partial rent payment by January 6 in its survey of almost 11.3 million units of professionally managed apartment units across the country.” ( ....