Washington D.C.
Retail Properties of America Acquires Two More Washington, D.C.-Area Shopping Centers
Retail Properties of America, Inc. is expanding its Washington, D.C. portfolio of properties. The company has recently purchased two shopping centers in the metro area, for a total price of $121.5 million.
Noblis Leases 160,000 SF in Reston
Noblis, Inc. is moving its headquarters to Reston. The nonprofit science, technology, and strategy organization has recently signed a lease with The JBG Companies, for 160,000 square feet of space in two buildings on Edmund Halley Drive, adjacent to the future Reston Town Center Metro station.
Carr to Develop Luxury InterContinental Hotel as Part of Phase One of The Wharf
Washington, D.C. is getting a new luxury, waterfront hotel. Carr City Centers Chairman Oliver T. Carr, Jr. announced on January 22 that his company has closed on a site for a 278-room InterContinental hotel. The project will be part of Phase I of the $2 billion Wharf mixed-use development.
Fort Washington’s Henson Creek Manor to Go on Market
Another Washington, D.C.-area multifamily property is going on the market. The Greysteel Company announced on Monday that its Mid-Atlantic multifamily investment sales team has been selected as the exclusive advisor and agent for the sale of Henson Creek Manor, a 210-unit affordable community, in Fort Washington.
Simpson Thacher & Bartlett Signs 40,000-SF Lease at 900 G St.
One of the world’s leading international law firms is moving to 900 G Street, N.W. Simpson Thacher & Bartlett LLP has recently signed a 15-year lease for 40,000 square feet of space in the building. MRP Realty and ASB Real Estate Investments made the announcement on Tuesday, January 20.
JBG Reels in Refi for Suburban DC Office Building
JBG has gotten a sizable chunk of change for the refinancing of a highly regarded asset in a strong submarket of the country’s capital.
GCS-SIGAL Starts Work on $82M Duke Ellington School of the Arts Modernization Project
The team of GCS-SIGAL, LLC, a joint-venture partnership between GCS, Inc. and SIGAL Construction Corporation, broke ground on December 19 on the Duke Ellington School for the Arts Modernization Project. Former Mayor Vincent Gray and many other school and local officials were present at the groundbreaking ceremony.
MedStar Health to Build New Ambulatory Care Campus in D.C.
MedStar Health announced last week it has signed a long-term lease agreement with Beacon Capital Partners, LLC, and is getting ready to start work on a new ambulatory care campus at Lafayette Centre, in northwest Washington, D.C. The cost of the project is $26 million.
Columbia Property Trust Buys Reston Office Building
Columbia Property Trust, Inc. has added another office property to its Washington, D.C. portfolio. The publicly traded REIT has recently acquired the building at 1881 Campus Commons Drive, in Reston.
MRP Realty, Florida Rock Properties Break Ground on Phase One of Capitol Riverfront
On Tuesday, December 9, MRP Realty and Florida Rock Properties celebrated the official groundreaking of Phase One of the mixed-use Riverfront development. D.C. Mayor-elect Muriel Bowser was attended the ceremony together with Fred Rothmeijer, founding principal of MRP Realty, David H. deVilliers, president of FRP Development Group, and other government officials.