Mid-Atlantic
Almquist Joins Avison Young as Principal
Commercial real estate broker Marty Almquist will focus on agency leasing and tenant representation in northern Virginia.
ICG, JBG Strike $101.5M D.C. Deal
ICG Properties first sold the 280,000-square-foot Georgetown Center to JBG Cos. The two companies then struck a partnership deal on ownership of 1601 K St.
D.C.’s Market Square Fetches $615M
The 679,000-square-foot Class A office complex will be acquired by Wells Real Estate Investment Trust II. Its tenant base includes Bayer Corp., Novartis, Proctor & Gamble and United Healthcare.
D.C. Project Breaks Ground
With Clark Construction Group L.L.C. at the helm as general contractor, Monday Properties has commenced construction of 1812 N. Moore St., a 580,000-square-foot, 35-story spec office project in Arlington, Va., that upon its completion will carry the distinction of being the tallest green building in metropolitan Washington, D.C.
Vornado Closes First Phase of $127M Sale of Two DC Office Assets
While the firm has wrapped up the sale of the 186,000-square-foot office building at 1140 Connecticut Ave., N.W., it is not quite finished doing business with buyer Washington Real Estate Investment Trust.
Brookfield Properties Picks Up 650 Mass Ave. in D.C. for $113M
The flurry of office transactions in Washington, D.C., continued with Brookfield Office Properties’ purchase of 650 Massachusetts Ave., N.W. Brookfield plunked down $113 million in cash to buy the property from Washington Television Center L.L.C.
Cassidy Turley Spearheads Sale of 177,500-SF Trophy D.C. Property
The building was also sold in 2006, when it was touted as a rare opportunity to reposition a trophy asset in a competitive market.
Developer Lines Up Harrah’s to Replace Wynn on $400M Philly Casino Project
Philadelphia Entertainment and Development Partners’ plans for the construction of a new casino in Philadelphia are on the verge of clearing a major hurdle–financing.
GW Medical Faculty Buys 120,000-SF Building in DC
The purchase price was $49.5 million.
Brandywine Polishes off $252M Rehab of Philly Post Office
The property, which will be the new area headquarters for nearly 5,000 Internal Revenue Service employees, was mostly gutted and retrofitted with new mechanical, electrical and plumbing systems. However, its designation as a national historic site was preserved.