Washington D.C.
Turner Construction Renovates DC-Area Schools
Turner Construction Company is doing its part to help with the development of our nation’s youth. The international construction services company has been working hard these past few months to renovate several schools in the Washington, D.C. area. It managed to complete the projects just in time for the new school year.
NexCore Breaks Ground on New Medical Office Building in Germantown’s Holy Cross Health Campus
NexCore Group has recently broken ground on a medical office building, located in the new Holy Cross Health hospital campus in Germantown. The Denver-based national healthcare developer will own and manage the new facility, scheduled to open in the third quarter of 2015.
Hotel Occupancy on Track to Hit 20-Year High: PwC
The hospitality industry is on track to hit its highest occupancy levels in 20 years in 2015, according to a report from PricewaterhouseCoopers L.L.P.
Politico to Move HQs to Monday Properties’1000 Wilson Blvd. in Rosslyn
Politico is moving its headquarters. Currently located at 1100 Wilson Boulevard, one of Rosslyn’s “Twin Towers” trophy office buildings, the American political news organization won’t go too far away. It will move right next door, at 1000 Wilson Boulevard, the other ”twin.”
Broe Group to Reposition Rockville Office Building for Medical Tenants
Denver-based Broe Group has acquired an office building in Rockville, Md., with plans to reposition the asset to attract medical tenants.
MRP, JBG Start Apartment Leasing at The Alric
MRP Realty and The JBG Companies started work on The Alric apartment project in March, 2013. Now, as the development approaches completion, the two companies have announced that they have started leasing apartments.
Related Cos., Renard Development Partner to Pitch New FBI HQ
The chance to develop the long-overdue new headquarters for the FBI, to replace its existing building on Pennsylvania Avenue in Washington, may be a prize very much worth chasing.
Balfour Beatty Hired to Build $30M Condo Project at The Wharf
PN Hoffman & Associates, Inc. has selected Balfour Beatty’s Washington division to construct a new condominium building on the St. Augustine’s Church site in Washington, D.C.’s Southwest Waterfront neighborhood. The $30 million Wharf Parcel 11B – 625 Water Street at Waterfront Park project represents the first collaboration between the two companies.
Reston’s Parkridge Center 3 Changes Hands
Cushman & Wakefield announced last week it brokered the sale of Parkridge Center 3, a 110,000-square-foot Class A office building in Reston. The property was purchased by Transwestern Investment Management, on behalf of Diversified International Partners, for an undisclosed price.
New VRE Rail Station to Open in Potomac Shores Master-Planned Community in 2017
Northern Virginia is getting a new rail station. Virginia Governor Terry McAuliffe was present on July 31 in Prince William County, together with many other federal, state, local and railroad officials, to celebrate the groundbreaking for the new Virginia Railway Express (VRE) station. The new station will be part of the Potomac Shores master-planned community and is scheduled to open in 2017.