Washington D.C.
Monument Realty to Build New NAB HQ Next Spring
The National Association of Broadcasters is moving its headquarters to D.C.’s Capitol Riverfront neighborhood. NAB has recently reached an agreement with local developer Monument Realty and its investment partner, the New York-based Angelo, Gordon & Company, to purchase upon completion a new office building at One M Street. The move-in is scheduled for fall 2018.
Matan to Invest on Capitol Hill
Matan Cos. will be dropping some heavy cash in Washington, D.C., focused on one sector.
Grosvenor Americas, McCaffery Interests Unveil F1RST Mixed-Use Project on Capitol Riverfront
On Wednesday, April 8, Grosvenor Americas and its partner, McCaffery Interests, celebrated the official groundbreaking for a major mixed-use development at the Capitol Riverfront, in southeast D.C. At the ceremony, the developers also unveiled the name of the new project: F1RST.
Pair of Multibillion-Dollar Projects Gets Formal Launch
By Adrian Maties, Associate Editor Maryland Day was marked this March 25 by milestones for two projects with a potentially significant impact on the state’s economy. In Lusby, a groundbreaking ceremony formally launched the $3.8 billion expansion of the Cove Point liquefied natural gas facility, one of the largest investments in the state’s history. Gov. Larry Hogan and Ambassador Kenichiro Sasae of Japan joined Diane Leopold, president of Dominion Energy. The project will create 3,000 temporary construction jobs. Once complete, it will generate an additional $40 million in annual tax revenue to Calvert County, and, according to Hogan, could…
PREIT Buys Springfield Town Center for $465M
Pennsylvania Real Estate Investment Trust has finally completed its planned acquisition of the Springfield Town Center in Springfield, Virginia. The newly-redeveloped property changed hands for an impressive $465 million. Vornado Realty Trust was the seller.
Urban Investment, Lubert-Adler JV Buys Another Adams Morgan Apartment Building
The joint venture between Urban Investment Partners and Philadelphia-based Lubert-Adler Partners has purchased another apartment building in Washington, D.C.’s Adams Morgan neighborhood. The newest addition to the joint venture’s portfolio is called Embassy Towers. It was purchased for $13.25 million.
Downtown D.C. Office Building Sells for $109M
The hot Washington, D.C., office market continues to attract more and more investors. The most recent building to change hands is located at 2025 M Street NW, in the city’s Golden Triangle area. Mikeone EK purchased the asset for $109 million.
Micro-Hotel Format to Make its Capital Debut in Chinatown
A new type of hotel is coming to Washington, D.C. Monument Realty, Modus Hotels and Cafritz Co. have joined forces and now plan to start work on a micro-hotel in the District’s Chinatown neighborhood. The project is expected to cost $60 million.
Pair of Multibillion-Dollar Projects Gets Formal Launch
On March 25, Governor Larry Hogan celebrated Maryland Day by participating in milestones for two projects with significant economic impact for the state.
A&R, City Housing Authority Break Ground On $120M Project
A&R Development and the D.C. Housing Authority broke ground last week on the $120 million Capitol Gateway Marketplace. The mixed-use project will bring retail options to a place which some have until now called ”a food and retail desert.”
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