Regions Midatlantic | Washington DC
Washington REIT Closes on $181M D.C. Acquisition
Dec. 04, 2008
Nearly six months after announcing a pending agreement, Washington Real Estate Investment Trust has closed on the acquisition of 2445 M Street, a Class A, nine-story, 290,000-square-foot office building in Washington, D.C., for $181.4 million.
Conference Report: Investors Move Cautiously in Nation’s Capital
Nov. 20, 2008
You know it’s a tough market when even Washington, D.C., is affected. Yes, even the long recession-resistant center of government has seen a reduction in real estate investment sales, as speakers affirmed during the investment panel at CPN’s Washington, D.C. Property Opportunities conference on Nov. 18.
D.C. Office Project Nets $194M in Financing
Nov. 14, 2008
Even as credit markets remain largely frozen, some financing deals are still getting done, even very large scale loans. Case in point; the $194 million that developer Connecticut & K Associates L.L.C. just landed for the construction of 1000 Connecticut Avenue, a 12-story, 383,000-square-foot office building planned for Washington, D.C.
Brookfield Inks World Bank to 227,000-SF Lease in D.C.
Nov. 14, 2008
The World Bank Group has agreed to a 10-year lease with Brookfield Properties Corp. that will allow the international organization to occupy all of the office space--227,000 square feet--at 1225 Connecticut Ave., N.W. in Washington, D.C. The group plans to move into the property during the late winter or early spring of 2010.
Edens & Avant Buys Retail Portion of D.C. Mixed-Use
Nov. 13, 2008
Lowe Enterprises, lead developer of CityVista, a $200 million mixed-use project in Washington, D.C., said the development team has sold the 116,000-square-foot retail portion of the site to Edens & Avant.
Cassidy & Pinkard Colliers Hires Managing Director, 2 Vice Presidents
Nov. 04, 2008
Cassidy & Pinkard Colliers has added three new brokers to its Washington, D.C. Landlord Representation Leasing team. Bobby Schwartz has joined the company as managing director and Eli Barnes and Will Stern have both joined as vice president. These office leasing professionals come to Cassidy & Pinkard Colliers from Jones Lang LaSalle.
Guardian Nabs 111,000SF Suburban D.C. Office for $55M
Oct. 30, 2008
Ownership of Quincy Crossing, a fully-leased 110,900-square-foot office building in Arlington, Va., less than five miles across the Potomac River from the White House in Washington, D.C., has changed hands. Normandy Real Estate Partners sold the Class A property to Guardian Life Insurance Co. in a transaction valued at $55.5 million.
Newmark Knight Frank Report: D.C. Market Slowed In Q3
Oct. 20, 2008
The D.C. leasing market, traditionally fairly stable, is reacting to the market turmoil. Scott Johnston, Principal at Newmark Knight Frank, the global real estate investment firm told CPN, “The volatility exists in the economy in general, so what you’re seeing in D.C. in particular is people taking a wait and see approach to things. Across the board from an economic standpoint, everyone is nervous. Nobody knows what is going to happen."
Hematology Society Buys 2021 L St. in D.C.
Oct. 14, 2008
Woodmark Commercial Services L.L.C. has announced the sale of 2021 L Street, N.W., in Washington, D.C. The 75,500-square-foot, 10 story, Class A office building was bought by the American Society of Hematology. Woodmark handled the sales on behalf of the seller, initially marketing the project as office condominiums on a floor-by-floor basis.
D.C. Office Market Flat Despite Financial Chaos: Report
Oct. 10, 2008
The modest second-quarter growth rates experienced in Washington, D.C., and Northern Virginia evaporated in the third quarter, according to a CB Richard Ellis Inc. report. The entire region saw an essentially flat market with slowing leasing activity.
Wind-Powered CBRE D.C. Office Earns LEED Gold
Oct. 07, 2008
CB Richard Ellis Inc. has received a LEED Gold certification for Commercial Interiors for its recently completed offices in the Victor Building in Washington, D.C. The Victor Building is at 750 9th St., N.W., and is the first CBRE office in the country to win such an ranking.
Duke Realty to Build $1B Office Campus for Defense Dept. in Suburban D.C.
Oct. 01, 2008
The U.S. Department of the Army, acting under the direction of the U.S. Department of Defense, has decided to make a new home at the 350-acre Mark Center in Alexandria, Va., and Duke Realty Corp. is going to provide the land and the development services for the 1.7 million-square-foot office compound. Construction of the approximately $1 billion project will allow for the unification of a group of 6,400 predominantly Army personnel from various leased office buildings in Northern Virginia at a single location.
$212M Bridge Financing in Place for D.C. Office
Oct. 01, 2008
Despite being slowed down by the economy's downward spiral and the debilitating credit crunch, Washington, D.C.'s office market has remained relatively strong. Still, securing a substantial financing deal in the midst of the Wall Street crisis may seem like a bit of a pipedream. A newly announced transaction, however, has disproved that notion.
Berkshire Income to Sell Suburban D.C. Apartments in $53M Deal
Sept. 19, 2008
Taking another step in its mission of creating value through property management and repositioning, Berkshire Income Realty Inc. has entered into an agreement to sell Westchester West Apartments in Silver Spring, Md., in a transaction valued at approximately $53.4 million.
Carmel Fund Shells Out $66M in Cash for Suburban D.C. M-F
Sept. 16, 2008
Carmel Partners Inc., acting through its Carmel Partners Investment Fund III L.P., has added a 230-unit multi-family property in Fairfax, Va., to its portfolio by taking Avera Station off the hands of Atlanta-based Beazer Homes in a $65.8 million transaction.
Cassidy & Pinkard Taps Salih as VP, Leasing
Sept. 08, 2008
Cassidy & Pinkard Colliers said today that Kerri Mulligan Salih has joined the company as vice president, leasing with a focus on landlord representation in metropolitan Washington, D.C.
Washington REIT Pays $58M for DC Apartment Complex
Sept. 08, 2008
With the shelling out of $58.3 million, Washington Real Estate Investment Trust has added a 374-unit luxury apartment community to its portfolio. Located in a relatively upscale neighborhood in northwest Washington, D.C., The Kenmore has a price tag of $155,750 per unit .
Akridge Land Purchase Paves Way for $330M Mixed-Use Project
Sept. 04, 2008
It's not quite two acres, but the Akridge Office Fund's newly purchased parcel of land on Half Street near the new Nationals Ballpark in Washington, D.C., will become the home of a 700,000-square-foot mixed-use development.
Guardian Nabs DC Office for $54M
Sept. 04, 2008
The Tower Building, a 124,700-square-foot office property with a full tenant roster along Washington, D.C.'s famed lobbyist-laden K Street Corridor, has traded in a deal valued at $53.8 million.
Neal Joins GVA Advantis as Chairman
Aug. 20, 2008
GVA Advantis said today that Jeffrey Neal has joined the company as chairman. Most recently, he was the co-founder and principal of the Washington-based real estate development company Monument Realty.
Quality Washington DC Real Estate News
Keeping up with the latest real estate trends is a full-time job in today's volatile real estate market. Allow the experts at Commercial Property News to do the work for you. Subscribe to CPN today and get all of the vital information you need regarding Washington, DC real estate in order to maximize your opportunity for success in the commercial real estate market.
|
|
