Jacob Wallace
Bisnow
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Past articles by Jacob:
REIT Managers Accused Of $838M Self-Dealing Scheme By Activist Investor
The new details were revealed after Blackwells filed a lawsuit attempting to push out the REITs' outside manager and institute new governance practices. → Read More
Meet The Woman Who's Trying To Save Downtown D.C. By Doing The Unthinkable: Making It Fun
A rising entrepreneur in Washington, D.C., is making a bold bet that her signature blend of event programming and retail spaces can bring back foot traffic. → Read More
$1.2B Loan On Offices Owned By Vornado, Trump Added To Watchlist
The owners have the option to extend the loan on the San Francisco complex, which includes Bank of America Tower, in up to five one-year increments. → Read More
JBG Smith Posts $19M Loss Ahead Of Big Amazon, GSA Departures
With more lease expirations on the way, a pivot to multifamily has taken on added importance for the health of the REIT's portfolio. → Read More
KLNB Acquires Rockville-Based Commercial Brokerage
The acquisition of Edge Commercial Real Estate bolsters KLNB's ability to represent tenants in the region and adds a multifamily vertical. → Read More
As Development Slows, D.C.'s Biggest Projects Are Being Counted On To Spur Momentum
As construction pipelines decline, some of the region's largest projects are plowing ahead, thanks to public investment and commitment. → Read More
Lawmakers Introduce Toned-Down Alternative To 3% Rent Cap Bill In Prince George’s
The bill pushes back on a quickly-advancing proposal that would cap rent increases at 3% for one year, which developers have pushed back against. → Read More
Bethesda's Fundamentals Post-Covid Could Help Bring Down Its Elevated Office Vacancy
The submarket has a 22.5% vacancy rate, but it continues to draw midsized leases as office owners work to fill newly delivered space. → Read More
Biden Administration Proposes Rule To Reveal Entities That Own Nursing Homes
The rule would require disclosure of private equity and real estate investment trust ownership of nursing homes enrolled in Medicare. → Read More
Developer Pays Fine After Allegedly Poisoning Protected Trees On 2 D.C. Sites
The developer was slated to build affordable townhomes on two sites, but ran afoul of D.C.'s Urban Forestry Division. → Read More
Federal Government’s Return To Office Delayed By Union Disputes
Union negotiations are thwarting President Joe Biden's pronouncement last year that the vast majority of federal workers would soon return to the office. → Read More
Ted Lerner, Legendary Real Estate Developer And Nationals Owner, Dies At 97
Lerner, whose real estate developments have shaped the D.C. region since he founded his firm in 1952, is survived by his wife and three children. → Read More
D.C. Launches Conversion Abatement Fund As Planned Downtown Projects Stall
Officials are expanding their toolkit as they look to find the right mix of incentives to trigger new office-to-residential conversions downtown. → Read More
Brookfield To Launch New Real Estate Fund After Raising $93B Last Year
The firm expects to launch another nontraded REIT after its best fundraising year to date. → Read More
Developers Are Battling A Rent Control Movement In Suburban Maryland
Twin efforts in Montgomery and Prince George's counties are igniting a debate over curbing rental increases while still incentivizing new construction. → Read More
Inside The Lab Where The Federal Government Is Figuring Out The Future Of Its Office Footprint
The General Services Administration is launching the Workplace Innovation Lab to experiment with new designs for federal offices. → Read More
D.C. Moves To Boost EV Charging By 2,900%, Taking Aim At Commercial Buildings
The bill would increase the percentage of parking spots that must be ready for EV charging infrastructure in commercial buildings. → Read More
HubSpot To Spend Up To $100M Consolidating Leases, Reducing Workforce
The consolidation comes less than two years after the tech firm was in expansion mode in its home market of Cambridge, Massachusetts. → Read More
D.C. Staring Down Big Apartment Pipeline As Population Flatlines, Leasing Slows
While D.C.'s population attempts to recover from a pandemic-induced decline, thousands of new apartment deliveries continue to come online in hot submarkets. → Read More
Food Hall, Dance Studios And Dave Chappelle: Developers Update Plans For Reeves Center Redevelopment
A mix of arts, residential and hotel uses are proposed for a new mixed-use development to replace the government building. → Read More