Epic LLC — a division of the London-based property management company — has paid almost $53m for a Washington office block. The acquisition of the 10-storey building near Farragut Square makes Epic the most recent foreign investor in downtown DC... Read More
A US congressman is pressuring Washington to repeal a law which forces foreign real estate investors to pay up to 35 per cent of a building’s sale price to the Inland Revenue Service (IRS). Republican Kevin Brady claims scrapping the 33-year-old tax... Read More
Canadian companies have turned to the United States as a source of new properties, and are outpacing every other country in net real estate investment in the US market. The reason for this trend is a lack of availability at home, which means investors... Read More
Senator Robert Menendez (D-N.J.) has introduced a bill to make it easier for owners of commercial real estate to access private capital from overseas. Senator Menendez The measure, which was re-introduced by Menendez and Senator Mike Enzi (R-Wy) is... Read More
Piedmont Office Realty Trust announced that it has closed a deal on its acquisition of 901 N. Glebe Road in Ballston for $175.6 million, or $526.00 per square foot. The Georgia-based real estate investment company is expanding its portfolio of properties in... Read More
