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Press Releases
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Press Release
CBRE Brokers Sale of 12-Dealership Southern Maryland Automotive Portfolio to Brandon Steven Motors
April 15, 2026
CBRE announced today the sale of a 12‑dealership automotive portfolio located throughout Southern Maryland. The nearly $500 million transaction included dealership operations, owned real estate and the assumption of select property leases, marking one of the largest automotive retail transactions in the region in recent years.
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Press Release
William Wilkins Joins CBRE’s Debt & Structured Finance Team in Washington, D.C.
December 1, 2025
CBRE has announced that William Wilkins has joined the firm’s Debt & Structured Finance team as Senior Vice President, further strengthening its capital markets capabilities across the Mid-Atlantic region.
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Press Release
CBRE and Compass Tapped to Market Historic Embassy Row Properties in DC
October 6, 2025
CBRE and Compass have been retained to market two landmark properties at 2234 and 2232 Massachusetts Avenue NW on D.C.’s Embassy Row. CBRE is leading the sale of 2234 Massachusetts Avenue NW, a Beaux-Arts office building formerly serving as the Irish Embassy and is ideally suited to accommodate embassies, universities, NGOs, and other institutions. Compass has partnered with CBRE to co-market 2232 Massachusetts Avenue NW, a neighboring residence with distinct architectural character.
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Press Release
IGIS Asset Management and KanAm Grund Group Implement Significant Repositioning of 810 7th Street NW Near Capital One Arena
September 15, 2025
IGIS Asset Management and their advisor, KanAm Grund Group are in the midst of a major $40+ million improvement campaign and repositioning of Gallery Court, an office property located at 810 7th Street NW. The building’s name is a nod to its location in the heart of Washington DC’s East End submarket near The National Portrait Gallery, Gallery Place and Capital One Arena. This project represents a rare exception in a market that has largely been dormant with new construction and significant renovations despite the continued strong demand from tenants to relocate to newly renovated buildings.
Research Reports
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The Greater Washington REVIVE Index fell 2.1% in January, as the region’s coldest month turned even more frigid than usual, dampening activity and overall vibrancy.
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The Greater Washington REVIVE Index rose 0.9% in December, marking its first increase in six months and reflecting strengthening commercial and residential real estate conditions.
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The Greater Washington REVIVE Index fell for the fifth consecutive month, landing at 67.2. Greater Washington’s vibrancy is down 9.4% year-over-year, marking the sharpest annual decrease in at least 18 years outside of the COVID-19 pandemic and the Global Financial Crisis.
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The Greater Washington REVIVE index fell by 1.9% in October, reaching its lowest level since March 2024. A broad range of negative indicators weighed on the region’s vibrancy, spanning commercial real estate, federal government contracting, and hotel occupancy.
REVIVE: Exploring Greater Washington’s Vibrancy
Our data will shape your perspective on the Greater Washington region.
1001 Fleet St.
Suite 800
Baltimore
,
MD
21202
4747 Bethesda Avenue
Suite 600
Bethesda
,
MD
20814
150 Granby Street
Suite 150
Norfolk
,
VA
23510
1802 Bayberry Court
Suite 201
Richmond
,
VA
23226
8350 Broad Street
Suite 1100
McLean
,
VA
22102
1900 N Street NW
Suite 700
Washington
,
DC
20036
Contacts
Kyle Schoppmann
President, Mid-Atlantic, Advisory Services
