Mid-Atlantic
Government Contractor Leases Nearly 100,000 SF in Northern Virginia
The federal government and government contractors like ASM Research Inc. continue to liven up the market in suburban Washington, D.C. The technology solutions provider has just signed a new lease for approximately 91,400 square feet of premier space at the 410,000-square-foot Centerpointe office complex in Fairfax, Va.
JER Turns a Profit on Sale of 395-Room Fairview Park Marriott in Coveted DC Market
Both McLean, Va.-based JER and Annapolis, Md.-based Thayer are keeping mum on the price tag attached to the Fairview Park Marriott transaction, but Devin Chen, Managing Director at JER, told CPE that the company definitely turned a profit on the deal.
SK Properties Rebrands, Changes Name to Kushner Real Estate
With the retirement of one of its founders, one of New Jersey’s largest privately held diversified real estate companies has decided to take on some changes.
Distressed Luxury Apartment Community in D.C. Changes Hands – Again – In $162.3M Deal
Senate Square, a three-year-old 432-unit apartment complex in Washington, D.C., has changed hands for the third time in less than a year, going from the developer’s hands to the lender, from the lender to Westbrook Partners, which, after shelling out $124.5 million for the property, has just sold it to LaSalle Investment Management for just over $162.3 million.
CWCapital Provides $151M FHA Construction Loan for D.C. Apartment Project
With a location at the intersection of 1st and M streets, N.E., in the nation’s capital, Englewood, Colo.-based Archstone’s 13-story Class A apartment tower will sit in the city’s NoMa district near Union Station and the U.S. Capitol. In addition to the residences, 1st & M will feature 2,500 square feet of ground-level retail space, a library, activity studios and a 16,000-square-foot courtyard.
TD Taps Proctor as SVP, Commercial Real Estate Market Director
Proctor, who has 23 years of experience in banking, lending and finance throughout the metropolitan Philadelphia and New Jersey markets, will manage and expand the bank’s existing commercial real estate platform. That platform encompasses offices in Cherry Hill, N.J., King of Prussia, Penn., and Philadelphia.
Bayonne Medical Center to Get New 50,000 SF Building
Slated to break ground in 2011, the building is touted as transforming unused land into revenue-generating space. It will house a surgery center, nursing school, hospital pharmacy, and doctors’ offices.
Capital Idea: Northwestern Mutual Cinches $305M D.C. Office Deal
For the second time this week, a big institutional investor snaps up a prime office property in Washington, D.C.
In $180M Deal, TIAA-CREF Takes Washington’s Evening Star Building
TIAA-CREF closed Wednesday on the $180 million acquisition of Washington, D.C.’s venerable Evening Star building.
Edens & Avant Breaks Ground on 31-Acre Mixed-Use Development in Virginia
The first phase of Mosaic is slated to open in fall 2012. It is more than two-thirds leased and includes a mix of 400,000 square feet of national and local retailers, an eight-screen arthouse cinema, 150-room boutique hotel, 60,000 square feet of Class A office space, and 114 townhomes.