Washington D.C.

Last summer, the Chevy Chase-based JBG Companies hired ARA Mid-Atlantic to find buyers for the Louis at 14th/U, a residential and retail development located in the heart of the U Street Corridor – Logan Circle neighborhood. Now, the property has a new owner. TIAA-CREF purchased the Northwest Washington, D.C., property at the start of June, for an undisclosed price.

Akridge and Rockwood Capital, LLC have announced this week the signing of six new tenants at their jointly owned property, 7550 Wisconsin Avenue, in Bethesda, Md. The building is now 65% occupied.

WC Smith announced on Monday, June 9, the start of construction on a new residential building. 800 New Jersey Avenue SE is the second of three high-quality residential buildings WC Smith is construction on a three and a half acre site at New Jersey Avenue, H Street and Second Street SE.

Starting 2018, Washington, D.C., will be the home of a new luxury hotel. The developers of CityCenterDC, Hines, a privately owned real estate firm, and Qatari Diar, the real estate development entity of the Qatar Investment Authority, have recently reached an agreement with D.C. Mayor Vincent C. Gray to design and build the 370-room Conrad Washington, D.C., the newest property in the Conrad Hotels & Resorts luxury brand portfolio operated by Hilton Worldwide.

LaSalle Hotel Properties is selling one of its 46 hotels. The Hilton Alexandria Old Town will soon have a new owner. Its sale price is approximately $93 million.

Bozzuto Homes, a division of The Bozzuto Group, is getting ready to start work on its second Washington, D.C. condo development in 2014. Earlier this year, the company broke ground on 460 New York Avenue, a 63-residence high-rise condominium community in the Mount Vernon Triangle neighborhood. This summer, it will start construction on 96 condominiums at V Street NW and 15th Street NW.

Choice Hotels International, Inc. and Concord Hospitality announced last week the opening of the Cambria Hotel & Suites Washington, D.C. Convention Center in the District’s historic Shaw neighborhood. It is the first Cambria Hotels & Suites property to open in the city.

The Goldstar Group, a privately held firm based in Bethesda, is now the new owner of the luxury apartment complex at 3409 Wilson Boulevard in Arlington. The property was purchased from a joint venture between Hunt Properties, a privately held real estate development, investment and management firm, and Korman Communities, a fully integrated real estate company, for an undisclosed amount.