Washington, D.C. has no shortage of reporters, newspapers, magazines or television stations.
It seems odd, then, that so few of the great arms of the media are devoted to the local real estate.
It’s not as if real estate hasn’t been an important topic in the capital; last year, as per a report by Colliers International, D.C.’s central business district had inventory of 185 million square feet; only New York City, with 500 million square feet, overshadowed it. Real estate heavyweights like Vornado Realty Trust, Jamestown, Fisher Brothers and TF Cornerstone have been swimming in these waters for a very long time.
D.C. is a town that needs a publication like Commercial Observer to really cover the market.
What will this mean?
This means some of the most in-depth interviews with the most serious players in the business. With the launch of this newsletter our Washington correspondent Christina Sturdivant-Sani has taken the opportunity to interview one of the town’s living legends, Mark Ein, just as D.C. United’s new stadium is being realized.
It will mean features centered around transit (the lifeblood of real estate) as in our story this morning about the development occurring around the Silver Line extension.
It means stories about construction and finance, like Roadside Development‘s new $600 million renovation of the former Fannie Mae headquarters.
And it will mean reporting on the bread-and-butter leases and sales that brokers and landlords are hungry for, be it Chipotle opening its first outlet east of Anacostia or Normandy Partners picking up a 280,000-square-foot office in foreclosure.
It’s what CO has done so successfully in New York and Los Angeles. Washington, we’re here!