Washington DC
Tishman Sells D.C. Office for $180M
The Rockefeller Group, in a joint venture with Mitsubishi Estate New York, has just purchased Washington, D.C.’s 1100 First St. NE from an affiliate of Tishman Speyer for $180 million.
Developers Find Financing for Projects
Developers are finding ready financing for their projects, including $66 million for a D.C. multi-family, $50 million for Las Vegas retail and $70 million for a Michigan apartment complex.
Two Multi-Family Buildings Move in D.C.
In two separate transactions in as many days, two large apartment buildings have changed hands in the D.C. area: The 359 KSF Montpelier Crossing was sold to Federal Capital Partners and Equity Residential took The Chase at Bethesda Metro.
StonebridgeCarras, Northwestern Mutual JV for $200M Mixed-Use Development
StonebridgeCarras and PN Hoffman’s massive $200 million mixed-use project in Bethesda, Md., has gotten a big financial boost with the partners’ formation of a joint venture with Northwestern Mutual.
Washington REIT to JV with Trammell Crow on $95M Virginia Apartment Community
Capitalizing on the growing demand for residential rentals in metropolitan Washington, D.C., Washington Real Estate Investment Trust has entered into a joint venture with Trammell Crow Co. to build an apartment high-rise in Alexandria, Va., for $95 million.
A $76M Sale, a Possible Revival for D.C.’s Watergate
Penzance has just purchased its own slice of American history for the price of $76 million, picking up one of the two office towers in the iconic Washington, D.C.-based Watergate complex.
Impactful Women
Five remarkable women were awarded CREW Network’s 2011 Impact Awards. CPE offers videotaped insights and written profiles of these pioneers, negotiators and mediators — specializing in development, service and finance.
Cassidy Turley Secures $95M Permanent Financing for Class A Building in Washington, D.C.
Cassidy Turley has secured a $95 million permanent loan for the McPherson Building, which overlooks Washington, D.C.’s McPherson Square Park.
Penzance, American Realty JV for D.C.’s 1130 Connecticut Ave.
Penzance finds a new partner in the ownership of the Class A office tower at 1130 Connecticut Ave. in Washington, D.C., through the establishment of a new joint venture with American Realty Advisors. ARA purchased a stake in the building previously owned by Greenstreet Real Estate Partners.
Salus Spends $57M in D.C.’s Rosslyn Corridor
In another deal for the Washington, D.C., metro area’s Rosslyn Corridor, Salus Property Investments has purchased 1400 Wilson Blvd. for $57 million.