Washington DC
First Potomac, Perseus Purchase D.C. Bus-Terminal Site for $46.8M Office Project
First Potomac Realty Trust and Perseus Realty L.L.C. have purchased the 1.6-acre Greyhound Bus Terminal site from FirstGroup PLC for approximately $46.8 million in order to develop a future office project.
D.C.’s Capitol Plaza Sells for $150M to Principal Real Estate Investors
One of the brightest spots in D.C., the NoMa district, has just seen its Capitol Plaza office building change hands to Principal Real Estate Investors, L.L.C., for $149.5 million.
Transwestern’s Management Portfolio Increases by 1.6 MSF with Sumitomo Deal
Transwestern has increased its management responsibilities by approximately 1.6 million square feet after being chosen by Sumitomo to act as exclusive property manager.
Chatham Adds Five Hotels to Portfolio in Part of $1.3B Deal
Chatham has completed the first step of its multi-faceted, $1.3 billion expansion plan with the acquisition of five Innkeepers hotels totaling 764 rooms for an aggregate $195 million.
Exclusive: Fannie, Freddie Reform Moving at Sluggish Pace
The focus in Congress for the moment might be the debt ceiling, but not too far in the background the effort to reform Fannie Mae and Freddie Mac chugs along–though not necessarily at a rapid pace.
Sabey to Build Data Center
The developer and operator has purchased 38 acres of land for the 490,000-square-foot project in the Dulles Technology Corridor, approximately 30 miles northwest of Washington, D.C.
D.C. Office Complex Trades for $356M
The two buildings at Waterfront Station, a 2.1 million-square-foot mixed-use project under development by Waterfront Associates L.L.C., total approximately 631,000 square feet.
CoStar Headquarters Commands $101M
In a sale-leaseback deal, an affiliate of GLL Real Estate Partners GmbH bought the 169,000-square-foot property just one year after CoStar acquired it from the Mortgage Bankers Association for $41 million.
Washington Office Building Commands $137M in Sale to Joint Venture
Carr Properties, the Canada Pension Plan Investment Board and MetLife bought the 341,433-square-foot asset from Tishman Speyer.
Boston Properties Wins 500,000-SF GSA Lease in Virginia
By Barbra Murray, Contributing Editor In the latest government lease to bolster the Northern Virginia office market, the General Services Administration has taken more than 500,000 square feet for the Defense Intelligence Agency (DIA) at a Patriots Park in Reston, Va. Under a 20-year deal with Boston Properties, the park’s owner, DIA will occupy about 520,000 square feet at Patriots Park, which is located about 20 miles west of Washington, D.C.  “This will be a consolidation of DIA groups from various locations throughout Northern Virginia,” Leroy W. Battle, transaction manager with commercial real estate services firm CB Richard Ellis…
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