Fannie Mae to exit downtown D.C. lease early

Fannie Mae will exit its Midtown Center headquarters five years early, exercising an out clause in its lease and dealing another devastating blow to downtown D.C.?

Carr Properties , Midtown Center's owner, said Tuesday that Fannie Mae notified the company of its decision to exercise its early-out clause effective May 2029. Carr has put Fannie Mae's 720,000 square feet back on the market, with most of the available space coming online in June 2029, per a listing on CoStar.

Read more

? ? ?

Sign up for Washington Business Journal’s emails to get the latest business news for Greater Washington in your inbox twice a day. Already signed up and loving the work we do? Consider subscribing for less than $4 a week.

? ? ?

Recent D.C.-area office sales are creating a crisis for some, opportunity for others?

A batch of transactions involving older D.C.-area office buildings in the last weeks of 2023 signals continued market turbulence for Greater Washington commercial real estate — but also extensive opportunity for the right buyers. Read more

New owner signs 14 tenants for shuttered Fair Lakes big-box property

The former Dick’s Sporting Goods store in Fair Lakes has a new owner and food and beverage focus, a little more than three years after the national retail chain moved to a new location at the Fair Oaks Mall. Read more

Workers at another D.C. health center look to form union

Medical providers at D.C. community health clinic Mary's Center are seeking to unionize. The nonprofit’s clinical workers are taking steps to organize with 1199SEIU United Healthcare Workers East, citing unsustainable workloads and demands they say are hindering patient care. Read more

Exclusive: A major D.C. nonprofit is winding down operations after 23 years

Youth Invest Partners , a nonprofit founded by a handful of local leaders including Sen. Mark Warner, D-Va., and Monumental Sports & Entertainment Vice Chairman Raul Fernandez, is closing its doors after more than two decades in operation. Read more

Virginia Tech announces construction delay for its innovation campus in Alexandria

Virginia Tech ’s first academic building on its $1 billion innovation campus in Alexandria will not open until spring 2025. The university said the construction delay is “due to supply chain issues.” Read more

This Weekly Edition was compiled by Alan Kline Questions? Comments? Concerns? Send them to [email protected]