Already the largest developer in the region, JBG is merging with another firm to focus exclusively on properties near Metro even as the transit system struggles. That is, after all, where much of the most valuable real estate in the region is. Building near Metro stations also drives ridership. (Via Metro)A tally last year found roughly $50 billion in real estate development being actively built near Metro stations. “Now you’re seeing developers coming to Metro and saying we want to invest in improving the system,” said Nina Albert, Metro’s director of real estate and planning.

Source: Washington Post November 04, 2016 13:51 UTC