News
Leasing Slides For Alexandria Amid 'Very Tough Operating Environment"
17+ hour, 10+ min ago (857+ words) Alexandria Real Estate Equities is still adjusting to the painful reality of a life sciences market mired in excess inventory and depressed demand." The largest lab REIT experienced a significant slowdown in leasing activity at its properties in the first…...
Alexandria Slashes Dividend, Shares Drop Sharply
4+ mon, 3+ week ago (420+ words) One of the world's largest operators of life sciences properties has slashed its quarterly dividend by 45% as it weathers a major downturn in the industry. On Wednesday, Alexandria Real Estate Equities'declared a quarterly cash dividend of 72 cents per common share…...
Lawsuit Alleges Alexandria Misled Investors Before Stock Plunged
5+ mon, 3+ day ago (539+ words) Alexandria Real Estate Equities, the largest owner of U. S. lab buildings, is being accused of'providing false and overly confident statements to investors about the state of its portfolio amid the life sciences sector's extended downturn.' Shareholder Warren Hern filed a class…...
GSA Signs Lease To Move NSF Headquarters To Another Alexandria Building
5+ mon, 1+ week ago (463+ words) The National Science Foundation, which is preparing to vacate its custom-built Alexandria headquarters to make way'for another federal agency, has found a new home not too far away. The NSF's 1, 600 employees will'relocate less than a mile away to backfill a…...
Industrial Developers 'Licking Our Chops' For Northern Virginia Land
7+ mon, 1+ week ago (521+ words) While data centers may be the golden child of Northern Virginia, the asset class is increasingly spurring interest in a different type of development. The industrial real estate needed to support data centers has become a growing development opportunity, and…...
Developer Pitches Data Centers On 400 Acres Near Richmond Once Slated For Housing
7+ mon, 3+ week ago (383+ words) A Virginia developer that hasn't previously built data centers is now pivoting to the property type for'a 400-acre site where it had once hoped to build a senior housing community near Richmond, a red-hot data center market.' HHHunt filed plans…...
Richmond's Data Center Boom Is Outpacing The Nation " But Backlash Is Also Building
8+ mon, 2+ week ago (801+ words) No American city is adding data centers faster than Richmond, Virginia, and the gap is only growing. Richmond's data center inventory surged more than sevenfold in the first half of the year, adding more capacity than any other U. S. market, according…...
Williamsburg And The Upper West Side: A Tale Of 2 Shopping Districts
8+ mon, 2+ week ago (915+ words) New York City's retail leasing scene is bustling again, but some tenants are eschewing what used to be'some of Manhattan's most reliable retail corridors'to expand across the East River. Retail availability in the city's prime submarkets hit 14. 2% in the second…...
HUD Moving HQ To Alexandria, Displacing Another Agency
10+ mon, 4+ day ago (693+ words) The federal government has found a new home for the'Department of Housing and Urban Development. After more than 50'years occupying'a massive federally owned building'in Southwest D. C. , the agency plans to move to Alexandria, taking over the leased headquarters of the'National Science…...
Douglas Sells Alexandria, Riverdale Park Properties: The D. C. Deal Sheet
10+ mon, 1+ week ago (258+ words) Douglas Development Corp. sold an industrial building in Alexandria four years after acquiring it." The local real estate firm offloaded the 102 K SF industrial building at 950 S. Picket St. in Alexandria to national co-warehousing operator Ware Space, JLL's John Dettleff"announced…...