Washington DC
Metro DC Office Park on the Market Again
Avison Young was tapped once more to market the sale of Calverton Office Park in Beltsville, Md. The 313,810-square-foot complex comprises three office buildings and a daycare center.
Fitness-Focused Community Opens in VA
The 282-unit community features top-tier professional-quality health and wellness amenities. Greystar is the manager of the luxury residential asset that includes 34 affordable units.
Meet CPE’s 2017 Stars to Watch: Mark Witschorik, Columbia Property Trust
“Mark is one of the most multi-dimensional, well-rounded real estate guys in the market,” a colleague says of this Washington, D.C.-based REIT executive.
Two DC Office Buildings Sell for $259M
Westbrook Partners and TIER REIT sold the two buildings to UNIZO Holdings after completing significant repositionings of the buildings. The transaction reflects TIER REIT’s continuing strategy of exiting non-target markets.
First Potomac Sells 2 DC-Area Assets for $89M
With both transactions completed, the company has disposed of $295 million worth of non-core assets towards its stated goal of $350 million.
Nestlé USA Brings Headquarters to VA
The company will occupy 206,000 square feet at the new address starting September 2017.
Howard Hughes Corp. to Redevelop DC-Area Mall
The company is planning to build a mixed-use community with retail, residential and entertainment components.
JBG Signs DC Anchor Tenant, Begins Construction
Urban Institute is set to occupy the building in the second quarter of 2019.
First Finish DC Project Receives LEED Silver Certification
Renovations included demolishing all guestrooms, expanding the lobby and adding a ballroom and rooftop amenities.
Vornado Disposes of Skyline Properties in Virginia
The transaction continues the REIT’s strategy of selling off its lower-performing Washington, D.C.-area properties.