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Farmer Mac Relocates DC HQ

Farmer Mac Relocates DC HQ

by Phil Hall | Aug 8, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Federal Agricultural Mortgage Corporation (NYSE: AGM, AGM.A), the secondary market more commonly known as Farmer Mac, is relocating its headquarters to 2100 Pennsylvania Ave. NW in Washington, DC. According to Farmer Mac, the new office space was designed to...
Fannie Mae Renews HQ Lease for Smaller Space

Fannie Mae Renews HQ Lease for Smaller Space

by Phil Hall | Aug 7, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Fannie Mae (OTCMKTS: FNMA) has signed a long-term lease at its Washington, DC-based headquarters, albeit for a smaller space. The government-sponsored enterprise announced the transaction in a statement that said, “We are pleased to have come to a new lease agreement...
Owner of Trump’s Former DC Hotel Loses Rights to Property

Owner of Trump’s Former DC Hotel Loses Rights to Property

by Phil Hall | Aug 6, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The investment firm that acquired the Washington, D.C., hotel formerly operated by former President Donald Trump’s company has lost the property in a foreclosure auction two years after buying it for $375 million. The Wall Street Journal reported Miami-based CGI...
Home Sales Decline Across Mid-Atlantic Region

Home Sales Decline Across Mid-Atlantic Region

by Phil Hall | Jul 10, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales across the Mid-Atlantic region totaled 20,552 transactions in June, according to new data from Bright MLS. This represents a 3.2% decline from the previous month and a 10.4% drop from one year ago. Although fewer homes were being sold, more properties were...
Mid-Atlantic Home Prices Continue to Soar

Mid-Atlantic Home Prices Continue to Soar

by Phil Hall | May 10, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median home price in the Mid-Atlantic region hit a record high in April at $410,000, according to new data from the Bright MLS service. Last month, the Mid-Atlantic region saw 25,772 new listings, up 14.7% from one year earlier while active listings were 17.2%...
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