Hendo Realty
Real‑estate professional sharing market activity, relationships in CRE and financing insights.
DC Class A Office Prices Reset by $430M Deal
BXP sold its stake in Marriott’s Bethesda HQ at a $430M valuation. Trophy office. Metro-accessible. Single-tenant credit. That’s the product institutional buyers still want — and this deal just reset pricing expectations for D.C. metro Class A. What does your office asset look like by comparison? #commercialrealestate #dcrealestate #officerealestate
Office-to-Residential Success Demands Cost, Capital, City Alignment
First office-to-residential conversion in Old Town Alexandria just delivered 199 units — 40% leased out of the gate. The developer said it plainly: conversion isn’t right for every building. Cost basis, capital structure, city partnership. All three have to work....
Ethnic Grocers Fill Gaps Left by Legacy Chains
Shoppers closes in Capitol Heights. New Grand Mart leases the 34,000 SF within months. Legacy grocers are shrinking. Ethnic and international grocers are expanding into exactly the spaces they leave behind. Is your retail asset positioned for who’s actually growing...
Wife Ran Spring Break, I Just Kept Wheels
Spring “break” is doing a lot of heavy lifting as a phrase when 5 kids are involved. My wife ran the whole operation. I just kept the wheels on. No complaints — best trip yet. #family #springbreak
NV Office-to-Residential Surge Challenges Portfolio Strategies
The TSA HQ in Arlington is becoming 637 apartments. Down the road, 675 units just opened in a converted Falls Church office park. Northern Virginia’s office-to-residential wave is moving fast. Is your portfolio positioned for it or exposed by it? #commercialrealestate...
Big‑Box Spaces Pivot to Fitness, Pickleball, Entertainment
That empty big box store in your shopping center might not become another retailer. Fitness, pickleball, and entertainment concepts are taking over second-generation retail space as goods retailers shrink. Landlords are repurposing boxes instead of waiting years for another anchor. Still marketing retail...
Second‑Generation Restaurant Spaces Offer Ready‑Made Opportunity
Touring a second-generation restaurant in Dupont Circle today and I’ve been getting a lot of calls about it. 3,700 square feet across two floors on Connecticut Ave with the Dupont Metro two minutes away. Second-generation restaurants create real opportunity because the infrastructure...
Cava Targets 1,000 Locations, Sparking DC Retail Opportunities
Cava is aiming for 1,000 restaurants by 2032. The DC-based chain just hit $1.2B in revenue and plans to pass 500 units this year. Same-store sales were flat last quarter, but expansion is driving growth. They’re preparing for 100 openings a...
Leased DC Office Still Commands Premium Prices
$163M for 2001 M St. NW in downtown DC. Nearly fully leased. Major law firms on long term leases. Retail that supports daily traffic. $573 per square foot in a market many wrote off. Office is not dead. Weak office is struggling....
In‑person CRE Networking Turns Conversations Into Funded Deals
Back in Fort Lauderdale having the kind of conversations you can’t get on Zoom. The kind where someone says, “We’re looking in DC,” and suddenly your flight paid for itself. Retail expanding. Capital still active. Operators making moves. Commercial real estate is...