RESIDENTIAL REAL ESTATE
New York-based Pantzer Properties has purchased the 40-acre Rolling Hills apartment community from Clark Enterprises for $87.75 million, marking its fifth D.C. multifamily acquisition since the beginning of last year. The 468-unit community consists of 39 three-story buildings at 19228 Circle Gate Drive. Read more at BisNow.
CNBC released its annual Best States for Business list and ranks Virginia as No. 4 overall, up from 7th place in 2017. It was also ranked in the top ten for workforce, education and business friendliness. Read more at Washington’s Top News.
Lexington, Mass Mimecast has acquired Bethesda-based startup Ataata, providers of video content designed to raise awareness about cybersecurity among employees. Mimecast plans to incorporate Ataata’s products into its existing email security business. Read more at Technical.ly DC.
Data from the Department of Labor shows the number of available jobs outpaced the number of unemployed workers last month with 6.64 million open positions and 6 million people collecting unemployment. The Department also found that a record number people are quitting their jobs, which is seen as a positive sign. Read more at AP News.
An analysis conducted by Savingforcollege.com found that while the average student loan debt upon graduating with a bachelor’s degree in 2016 (the last year for which government data is available) has increased just one percent since 2012, their parents’ debt for loans that went to assist with paying for their education increased a whopping 19.2 percent. Read more at Market Watch.