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Washington D.C. Office Marketflash: D.C. Leads Nation in Rising Lease Concessions, Tenant Favorable Conditions by Patrick Scanlon & John Colan NATIONAL TRENDS It would be hard to overstate the dramatic fallout from COVID-19 that defined the commercial real estate sector – and every major global market  – in Q2 2020, as the world came to terms with the reality of a global pandemic.  As employers across the country began to reevaluate their need for permanent,…

Six Things to Consider if You’re Struggling to Make Rent by Patrick Scanlon & John Colan Right now you may be thinking about breaking your lease, tempted by the huge cost savings from eliminating one of the biggest line items in your budget. We get it. But it could be the costliest mistake you can make, especially when cooperation is far more profitable.  There’s a much better strategy.  Here is what we recommend (and a…

A pair of brokers that recently switched firms have closed three deals totaling $38M in Alexandria. Josh Simon and Pierce Kreutzer, who joined Lee & Associates from KLNB last month, represented the sellers in three separate Alexandria transactions that closed within 10 days. KLNB was the broker of record on the sales, which include residential, retail and industrial buildings, plus a development site. The largest deal was the $22.3M sale of a mixed-use, multi-property portfolio…

  The Lee & Associates Washington, D.C./Northern Virginia regional office has recently expanded to six full-time professionals, including the recruitment of three new brokers with extensive local experience and relationships. They join Josh Simon, President of the new office which opened last summer and Pierce Kruetzer, Principal, along with a Director of Marketing. Lee & Associates is the largest broker-owned commercial real estate firm in North America with 70 full-time offices, with Lee’s most recent expansion efforts occurring on the East…