Washington D.C.
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.
WRIT Pockets $307M on First Phase of MOB Portfolio Sale
In two separate transactions with Harrison Street Real Estate Capital, Washington Real Estate Investment Trust closed the sale of office buildings totaling 877,000 square feet, two office assets featuring significant medical office tenancy and a parcel of land for $307.2 million.
Deutsche Asset & Wealth Management Achieves LEED V4 Certification in DC Office Building
The 224,000-square-foot 1800 K St. office building, owned by Deutsche Asset & Wealth Management, managed by Transwestern, is the first building in the world to earn certification through the new, more stringent LEED v4 Operations and Maintenance: Existing Building rating system.
Tanger Outlets National Harbor Finally Open
Shoppers in the Washington, D.C. metro area now have a new retail destination, just in time for the holiday season. On Friday, November 22, Tanger Outlets National Harbor celebrated its grand opening. It will feature 80 popular brand name and designer outlet stores.