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Regional Outlook 

East Washington, D.C.’s Big Deal Washington, D.C.’s office market got a fourth quarter shot in the arm with the $392 million sale leaseback of PNC Place to TIAA CREF and Norges Bank Investment Management from PNC Financial Services Group. The

International Beat 

London’s Big Deal Chinese insurers continue to invest in European commercial properties, particularly in London. Ping An Life Insurance, the second largest insurer in China, recently purchased the 385,000 sf Tower Place office building from Deutsche Asset & Wealth Management

Market Trends 

Industrial Strength Year The overall national industrial vacancy rate ended 2014 at 6.8 percent, the lowest level since 1Q 2001, according to Cushman & Wakefield. The vacancy rate was down 70 basis points YOY and 400 bps from its 10.8