Washington D.C.
EatWell, A-Deli Italian Expand in D.C.; New Class A Office for First Potomac
By Veronica Grecu, Associate Editor
EatWell DC–a local restaurant management company that owns The Heights, Grillfish, Logan Tavern and the Commissary–last week announced plans to open its fifth concept restaurant, to be called The Pig. According to a press release, the […]
District’s Neighborhoods Evolve as Hispanics Seek Affordable Housing
By Veronica Grecu, Associate Editor
According to Census Bureau data, Washington neighborhoods marked by a strong Hispanic presence are in for some major demographic changes, the Washington Examiner reported.
In neighborhoods noted for a high cost of living, such as Mount Pleasant and […]
D.C. Students Resume Classes in State-of-the-Art High School Building
By Veronica Grecu, Associate Editor
A new high-tech, green high school is ready to welcome more than 800 students next week, when classes resume. H.D. Woodson Senior High School has just been inaugurated during an official ceremony held at 5500 Eads […]
Investors Plan Class A Office on Greyhound Site, Turn Century-Old Buildings into Condos
By Veronica Grecu, Associate Editor
First Potomac Realty Trust and Perseus Realty L.L.C. purchased the Greyhound Bus Terminal site at 1005 First St., N.E., in Washington, D.C., for approximately $46.8 million. The joint venture plans to develop 712,000 square feet of […]
Principal Takes NoMa Office Building for $149.5M; Kelley Drye Extends Lease in Georgetown
By Veronica Grecu, Associate EditorÂ
Underscoring the continued strength of the capital’s office investment market, Capitol Plaza has traded to Principal Real Estate Investors L.L.C for $149.5 million, the property’s sellers, a joint venture of AREA Property partners L.P. and Van […]
Anacostia RiverFront Gets More Apartments; Clint Eastwood Raises Funds for Police Museum
By Veronica Grecu, Associate Editor
Patriot Transportation Holding Inc., which owns the Florida Rock site in Washington, D.C., plans to form a joint venture with MidAtlantic Realty Partners L.L.C. to develop the first phase of the mixed-use RiverFront project on the […]
Howard University to Expand Housing Facilities; LEED Gold Offices for TMG
By Veronica Grecu, Associate Editor
Howard University may be forced to upgrade its housing to stay competitive in the D.C. marketplace. The university’s residence halls are currently able to accommodate less than 50 percent of its enrolled students, while competing schools […]
Mixed-Use Property Trades; H Street Reconstruction Project Reaches Completion
By Veronica Grecu, Associate Editor
UDR Inc. made headlines last week with the purchase of View 14, a mixed-use property located at 2303 14th St., N.W., in the Uptown submarket of Washington, D.C. The big national REIT paid a historic $104 million, […]
Office Prices Escalate as Vacancies Fall, Rents Rise
By Veronica Grecu, Associate Editor
Office prices in the Washington, D.C., area rose as a result of low vacancy rates and increased rents in the first quarter of 2011, according to Reuters. The District is also attracting global investors striving to […]
Is Sears Considering Relocation to Washington Area?
By Veronica Grecu, Associate Editor
Sears Holding Corp. is seeking a new corporate headquarters location, and Washington, D.C., might be on the list, according to sources quoted by The Washington Post, which said the nation’s capital is attractive because of its favorable […]