Washington DC
Vornado’s Latest D.C. Deal to Support More Focused Strategy
Vornado Realty Trust has entered into an agreement to acquire Washington, D.C.’s Executive Tower, an 11-story, 130,000-square-foot Class A trophy office building in which it already owns a 2.5 percent stake.
MEPT Purchases Two D.C. Retail Centers for $127M
Purchased in two separate transactions, Multi-Employer Property Trust has grabbed two grocery-anchored properties, with an aggregate 524,000 square feet, for a combined price tag of $122.6 million.
A Look Ahead: Opportunities in a Changing World from ULI
Success in real estate requires optimism and the ability to identify opportunity under any circumstances. This year’s Urban Land Institute Fall Meeting opened with plenty of advice for tackling both short-term challenges and long-term market shifts.
Washington is Top Investor Choice Again as Tough 2012 Looms: PwC/ULI Survey
Survey participants predict that 2012 will see more properties for sale but diminished buyer enthusiasm.
Penzance Purchases 155 KSF D.C. Suburb Office Building for $67M
Penzance just purchased the 154,922-square-foot office building at 1555 Wilson Blvd. in Arlington, Va., from Stuart H. Miller Co. for $67 million. The property is located in the bustling Rosslyn-Courthouse-Ballston Corridor.
Grosvenor Purchases The Campus at Sunrise for $63M
Grosvenor Americas just acquired The Campus at Sunrise in Reston, Va., for $63 million after purchasing it from BPG Properties Ltd.
MetLife Makes $550M in Loans for Class A Properties in San Fran, D.C.
MetLife has originated a $300 million loan for San Francisco’s Bank of America Center and an additional $250 million in loans for the Washington Square Building in Washington, D.C.
Saul Takes Three Grocery-Anchored Shopping Centers for $168.5M
Saul Centers Inc. has increased its footprint in the metropolitan Washington, D.C./Baltimore area by 635,000 square feet with the purchase of three shopping centers for $168.5 million.
AREA Scores Again, Takes $40.9M M-F Community in Alexandria, Va.
AREA Property Partners has nabbed the Heritage at Old Town, a 244-unit apartment community in the Old Town section of Alexandria, Va., for $40.9 million.
WRIT Shells Out $73.5M for 233 KSF Suburban D.C. Office
Washington Real Estate Investment Trust continues to fill the gaps with Washington, D.C.-area assets, with the $73.5 million purchase of John Marshall II in Tysons Corner, Va.