Washington D.C.
Georgetown’s Montrose Residences More Than 50% Pre-Sold
In spite of the booming apartment construction in the Washington, D.C., metro area, the condo market is tight, with just nine-and-a-half months of new inventory available in the region, on average, according to Marcus & Millichap Real Estate Investment Services. The demand to own condos in the market is high and growing. That’s why a historic building in the heart of Washington, D.C.’s Georgetown neighborhood is already more than 50 percent pre-sold, months before the completion of its renovation.
Cassidy Turley Arranges $100M in Financing for 440 KSF Office Complex in Suburban DC
A cool $100 million in financing has been arranged for National Gateway I and II, twin office properties totaling 437,400-square feet in Arlington, Va.
Tishman Speyer Grabs 153 KSF DC Office Building
Tishman Speyer has bought is 2000 K St., N.W., an eight story, 153,212-square-foot corner office property located in Washington’s Central Business District.
D.C.-Area Industrial Properties Sold for $35M
Two Greater Washington industrial properties have recently traded for about $35 million.
Wood Partners Starts Work on $60M Apartment Project in Germantown
A new apartment community is coming to Germantown, one of the fastest-growing jurisdictions in Maryland. Wood Partners, a national real estate company, has recently broken ground on Alta Liberty Mill, a LEED-certified midrise complex located just across from the Germantown MARC commuter rail station.
Terreno Realty Buys Lanham, MD, Industrial Building for $5.6M
Terreno Realty Corporation has recently announced the acquisition of a new industrial property located in Prince George’s County, Maryland. The deal was closed on December 11, 2013. San Francisco-based Terreno Realty purchased the property for approximately $5.6 million. According to PropertyShark.com, the total market value of the property is $7 million.
Joint Venture to Break Ground on $100M Tysons Office Tower Next Year
With over 28 million square feet of office space, Tysons Corner is one of the largest suburban submarkets in the United States. And it’s about to get bigger. At the start of December, American Real Estate Partners and The Association For Manufacturing (AMT) announced they will jointly develop a 200,000-square-foot trophy office building to anchor Tysons’ Arbor Row master planned district.
Washington Post HQ to Be Sold for $159M to Carr Properties
The Washington Post, the most widely circulated newspaper published in the District, changed its owner this year and it seems it’s getting ready to also change its location. Graham Holdings, the daily newspaper’s former owner, has recently announced it will sell the headquarters building in downtown Washington, D.C. to Carr Properties, a local real estate investment company.
Washington Post HQ Sale Put to Bed for $159M
Graham Holdings, formerly The Washington Post Co., has agreed to sell the 470,300-square-foot office property in Washington, D.C., to Carr Properties for $159 million.
JBG to Open 245-Unit Apartment Community in D.C.’s Shaw Neighborhood in 2015
Washington D.C.’s Shaw neighborhood, located in the city’s Northwest quadrant, has attracted a lot of attention over the last few years. The JBG Companies is just the latest developer interested in this area named after Union Colonel Robert Gould Shaw. The Chevy Chase-based private real estate development firm plans to bring a new, dynamic, mixed-use apartment community at the intersection of 8th Street and Florida Avenue.