Washington D.C.
Vornado Buys Washington Office Tower for $104M
By Adrian Maties, Associate Editor
Vornado Realty Trust announced last week that it will acquire full ownership of 1399 New York Ave., N.W., for $104 million. The New York-based real estate investment trust previously held a 2.5 percent minority stake in […]
Work Begins on Catholic University Project
By Adrian Maties, Associate Editor
Abdo Development, The Bozzuto Group and Pritzker Realty Group have started work this week on a project that will change the face of Washington’s Brookland neighborhood. It will transform The Catholic University of America’s South Campus […]
$1.2B in Projects Under Way Downtown
By Adrian Maties, Associate Editor
Big development projects are a rare commodity these days, but Washington, D.C., has its fair share. Among the millions of dollars being invested in massive projects and property renovations creating new jobs and improving the local […]
Home Properties Buys Alexandria’s Newport Village for $205M
By Adrian Maties, Associate Editor
Home Properties Inc. has paid $205 million for the Newport Village in Alexandria, Va., making it the largest acquisition in the company’s history in terms of price paid for an asset. The apartment community was purchased […]
Gilbane to Develop Housing Facility, Lab Space for George Mason University
By Veronica Grecu, Associate Editor
George Mason University has chosen Providence, R.I.-based Gilbane Development Co., a division of Gilbane Inc., and Baltimore-based architecture firm Canon Design to design, build, finance and lease two new developments. According to a Gilbane press release, […]
New Housing Complex for D.C. Homeless; Bethesda Property Wins LEED Silver
By Veronica Grecu, Associate Editor
The first of three housing complexes for homeless people planned by the District government was inaugurated last week by Mayor Vincent Gray and other city officials during a ribbon-cutting ceremony. Starting next month, the Mississippi Avenue […]
Carr Hospitality, InterContinental Plan Southwest Waterfront Hotel
By Veronica Grecu, Associate Editor
Washington, D.C.-based Carr Hospitality and InterContinental Hotels Group plan to create a four-star hotel on the Southwest Waterfront as part of a $2 billion redevelopment, The Wharf. The mixed-use neighborhood, a joint venture between developers PN […]
Zuckerman Proposes Conversion of Harrison Flats for Hotel Use; Virginia Properties Trade Hands
By Veronica Grecu, Associate Editor
Zuckerman Brothers Inc. has a new restoration and reuse plan for Harrison Flats, the District’s oldest conventional apartment building. According to DCmud, the 123-year-old property was purchased by Zuckerman Brothers in June 2010 for $8.5 million. […]
Accenture Relocates to D.C. from Reston, Investors Snap Up D.C.-Area Properties
By Veronica Grecu, Associate Editor
Global management consulting, technology services and outsourcing company Accenture PLC will relocate its Reston Town Center operations to a new facility located at 800 N. Glebe Road in Arlington. The lease agreement was confirmed this week […]
$2.4M Renovation Planned for Meridian Hill Apartments; VCU Adds Student Housing Complex
By Veronica Grecu, Associate Editor
A 52-unit residential property located at 2359-2401 Ontario Road in the Adams-Morgan neighborhood was sold this week by Ontario Partners L.L.C. for $4.2 million. According to an official statement, the Meridian Hill apartment building was acquired […]