Adaptive-Reuse Conversion Projects on the Rise, Tackling Stubbornly High Office Vacancy Levels

In 2025, office-to-multifamily projects that were either completed or under construction reached 11.8 million square feet — higher than in any prior year. While office conversions can still be an expensive undertaking and difficult to pull off, office buildings trading at such a discount as recent years creates the opportunity for more approachable conversions.

NVIDIA Inks 27,600-Square-Foot Lease at Downtown D.C. Office Building

Artificial intelligence chipmaker NVIDIA has signed a 27,600-square-foot sublease at Douglas Development’s Woodies Building, located at 1025 F St. NW. The transaction marks the Santa Clara, Calif.-based company as the latest technology giant to secure premier office space in Washington, D.C. amid a broader trend of demand concentrating within the market’s most prestigious properties.

Hollywood Studio Headed Toward Distress Sale After Default on $357 Million Loan

Hackman Capital Partners is expected to bring Television City back to the market. The financial pressure on Hackman Capital is substantial as a lender group led by Deutsche Bank filed a notice of default last month claiming they were owed more than $357 million.