9/12/17 Washington, DC Mastermind Meeting

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Days after Amazon announced a search for a second headquarters location, members of the DC Mastermind Group had a lot to discuss, especially how large companies choose where to settle; how big deals with companies are put together, from incentives to claw-backs; and the different approaches DC, Maryland and Virginia take to court business to their jurisdictions. Olivia Byrne, Partner … Read More

8/8/17 Washington, DC Mastermind Meeting

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This month, the Washington DC REAL Professionals Mastermind group hosted Polly Donaldson and Chris Dickersin-Prokopp, the respective Director and Interim Development Finance Director of the Department of Housing and Community Development (DHCD). Donaldson led a robust discussion about DHCD’s programs, highlighting how inclusionary zoning, affordable housing and market-rate development go hand-in-hand; the Property Acquisition and Disposition Division’s plans to release … Read More

7/11/17 Washington, DC Mastermind Meeting

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On the heels of the federal government’s announcement that they are putting the search for a new FBI campus on an indefinite hold, the members of the DC mastermind group had a lot on their minds for this month’s meeting regarding the status of the office market in DC proper and in the suburbs. While DC’s office market remains strong … Read More

6/13/17 Washington, DC Mastermind Meeting

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The Washington DC REAL Professionals Mastermind Group had one of their largest meetings to date, as 1031 exchange expert and entrepreneur Margo McDonnell (1031 Corp) and lobbyist David Franasiak (Williams & Jensen) presented their current observations of this tax provision to a packed house. Attendees learned about how 1031 exchanges operate, the benefits of using this tool, and why it … Read More

5/9/17 Washington, DC Mastermind Meeting

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It’s not just factories that are eligible for tax incentives, RPN members learned at the May meeting. New RPN Champion Olivia Byrne of K&L Gates spearheads the firm’s economic incentive practice nationwide. She recently negotiated $100 million in incentives for one client. Representing The Advisory Board, Olivia negotiated $60 million in incentives in a recent deal, and also represented Radio … Read More

4/4/17 Washington, DC Mastermind Meeting

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The Fed Speaks Out Andrew Bauer, Senior Regional Economist at the Baltimore Branch of the Richmond Federal Reserve Bank informed Real Professionals Network members that the economy is, for the most part, on the upswing. “When I look at the overall economy I’m fairly positive,” he said. “The fundamentals supporting consumer spending have just gotten stronger. “ In D.C. in … Read More

2/14/17 Washington, DC Mastermind Meeting

REAL Professionals NetworkWashington DC

TOPA changes DC sales Multifamily buildings in DC often change hands before a single apartment is leased, yet buyers get similar cap rates as if they’d waited for the building to stabilize. Member Patrick Kerr of IRR explained during a presentation on recent activity in the market that the District’s Tenant Opportunity to Purchase Act gives renters the right of … Read More

1/10/17 Washington, DC Mastermind Meeting

REAL Professionals NetworkWashington DC

New Administration’s Impact on DC Yet To Be Felt Though some uncertainty caused by the election has ended, D.C. has yet to see a large bump in real estate activity. Members expect to see a net gain overall, as the defense industry should be leasing more space in Northern Virginia along the Dulles toll road, new residents will need new … Read More

12/13/16 Washington, DC Mastermind Meeting

REAL Professionals NetworkWashington DC

Don’t write off east of the river: two emerging neighborhoods described by Marc Bleyer of the District’s Deputy Mayor for Planning and Economic Development are there. In Anacostia, home prices are up a stunning 46 percent in one year, and rents have gone up 25 percent in the same time frame. Congress Heights, the area surrounding the forthcoming St. Elizabeth’s … Read More

11/08/16 Washington, DC Multi-Discipline Meeting

REAL Professionals NetworkWashington DC

Will Self-Driving Cars Save The Suburbs? Millennials that value the ease of getting around cities like D.C. may eventually have to move to the suburbs–at least that’s what industry watchers have been saying for years. It hasn’t been happening like predicted–yet, said Real Professionals Network member Stevan Varga. Varga was optimistic that eventually, Millennials with their kids will move to … Read More