Washington D.C.
Proskauer, Albright Stonebridge Expand in D.C.
Two international firms are expanding their presence in Washington, D.C. Global law firm Proskauer and the Albright Stonebridge Group, an international strategy consulting firm founded in 2001 by Madeleine Albright, have recently signed two leases totaling over 80,000 square feet of office space.
MGM Resorts International Hires Whiting-Turner as General Contractor for $1B MGM National Harbor Project
MGM Resorts International is one of the world’s leading global hospitality companies and the developer of the MGM National Harbor, a nearly $1 billion gaming resort located in National Harbor, the waterfront development on the shores of the Potomac River. On June 24, the company announced it has hired Whiting-Turner as Prime General Contractor for the project. With this final hurdle out of the way, construction is expected to start within weeks.
Erickson Living Starts Work on New Construction Projects at Ashby Ponds
By Adrian Maties, Associate Editor Erickson Living is expanding its Ashby Ponds retirement community in Ashburn, Va. On June 24, the company announced the start of construction on a new independent living residential building and a new clubhouse. The total cost of the expansion project is more than $22 million. The new residential building will […]
JV Pays $70M for Historic South Cathedral Mansions Apartments, with Plans to Start Renovation This Fall
South Cathedral Mansions is a landmark apartment building located 2900 Connecticut Avenue, NW, in D.C.’s Woodley Park neighborhood. It was constructed in 1922 by the iconic team of Harry Wardman and Mihran Mesrobian and is currently included in both the National Register of Historic Places and the D.C. Inventory of Historic Sites. During its almost one hundred years of existence, South Cathedral Mansions only changed hands four times, the last sale taking place recently.
PM Realty Group Expands Services, Adds Trujillo, Gilpin
PM Realty Group has grown its Washington, D.C., landlord agency representation staff by hiring Eduardo Trujillo as senior vice president of leasing and Andrew Gilpin as a senior leasing associate.
CBRE, Maastricht University Rank Washington, D.C., as 10th Greenest U.S. City
Washington, D.C. is working hard to become one of the greenest cities in the United States and in the world. And its efforts seem to be paying off. Recently, CBRE Group, Inc. and Maastricht University, a public university in Maastricht, the Netherlands, have released the 2014 Green Building Adoption Index, a study which ranks the top 30 U.S. cities with the highest percentage of green commercial space. Washington, D.C. occupies tenth place on the list.
TIAA-CREF Closes Second Deal with JBG This Month, Buying The Woodley
The JBG Companies and TIAA-CREF are doing business again. At the start of the month, JBG sold the The Louis at 14th/U, a residential and retail development located in the heart of the U Street Corridor-Logan Circle neighborhood, to the financial services firm. Now, the Chevy Chase-based company has closed the sale of The Woodley, a new residential development in Washington, D.C.’s desirable Woodley Park neighborhood. The price of the transaction was not disclosed. HFF arranged the sale between JBG and TIAA-CREF.
Downtown D.C. Housing Market Continues Strong Performance in May
Downtown Washington, D.C. is one of the ”brightest spots in the country for home sales and appreciation rates.” This is how Donna Evers, president and broker of Evers & Co. Real Estate describes the region. Her company is the largest independent, woman-owned real estate firm in the Washington, D.C. metropolitan area. It has recently analyzed statistics from the Metropolitan Regional Information System and has reported that the Downtown Washington, D.C. housing market has enjoyed a merry month of May.
ASLA’s Chinatown Green Streets Demonstration Project to Help D.C. Become Nation’s Greenest City
The American Society of Landscape Architects is greening the District’s streets. Well, not all of them, just the ones surrounding its headquarters, in Chinatown. ASLA is working on the Chinatown Green Streets Demonstration Project, a project meant to help the District become one of the greenest cities on the planet.
Regency Centers Plans Kings Park Shopping Center Expansion
The Washington, D.C., retail sector is enjoying a good 2014. The steady job creation and strengthening sales activity have encouraged local retailers to expand. And Regency Centers, a national owner and developer of grocery-anchored shopping centers, is doing just that. The company announced on Monday, June 16, one of its shopping centers in Northern Virginia will be getting an updated facelift, enhanced common areas and structural expansion.