Washington D.C.
AFL-CIO BIT to Sell Five-Building Portfolio in Tysons Corner
In August, 2011, the AFL-CIO Building Investment Trust added a five-building portfolio in Tysons Corner to its Washington, D.C.-area properties. Now, the trust is looking for buyers for the same portfolio.
First Potomac Assumes Control of Redland Corporate Center with $30M Acquisition
First Potomac Realty Trust announced this week the acquisition of Redland I, the third building at Rockville’s Redland Corporate Center. Redland I cost First Potomac $30 million and marks the first acquisition the company completed since late 2011.
Dune, Penzance JV Acquires 188 KSF Office Building in DC for $64M
Federal Capital Partners and Penzance have sold the office building at 1101 Connecticut Ave. NW, in Washington, D.C. to a new joint venture, well, half-new. Penzance teamed up with Dune Real Estate Partners to acquire the downtown asset for $64 million.
Trio of Lenders Provide $850M for Tysons Corner Center Refi
Prudential Mortgage Capital, Northwestern Mutual and TIAA-CREF each chipped in $283 million, for a total $850 million, to refinance Tysons Corner Center in metro Washington, D.C.
Bethesda to Gain More Than 600 Apartments in 2015
More apartments are coming to one of the most affluent and highly educated communities in the United States, as two developments in Bethesda have recently taken important steps in the development process. By 2015, they will deliver over 600 new residential units to the hot D.C. suburb.
Rockrose Buys 2000 L St. Office Building in DC from Brookfield for $192M
Washington, D.C., witnessed the closing of another huge office transaction this week, as the Rockrose Development Corp., in its quest to increase its presence in the District’s office market, acquired the building at 2000 L St., NW, for $192 million, or about $479 per square foot.
Cassidy Turley Incorporates Western Region Affiliates into Firm
Following a trajectory it set for itself three years ago when the firm first launched, Cassidy Turley has merged its former affiliates in Arizona, Colorado, Northern California and San Diego into the firm, and all are now fully owned by the commercial real estate service provider.
UIP Completes M-F Property Renovation, Drawn to Popular Adams Morgan Neighborhood
A $7.5 million renovation project has brought new life to an old apartment building located at 1841 Columbia Road, NW, in the heart of D.C.’s Adams Morgan neighborhood. Originally built in 1930, the building once known as “The Alcazar” now features energy-efficient HVAC systems, a green roof, residents’ roof deck with panoramic views of the city and much more.
HFF Arranges $99M Financing for M-U development in DC
Washington, D.C.’s U Street/North Shaw submarket will see a former plumbing supply company transformed into a 375-unit, Class A, mixed-use development aimed at young professionals.
Washington Property Closes $75M Permanent Loan for M-F Asset in Suburban DC
Washington Property Co. has landed $75 million in permanent financing for Solaire-Metro, the CRE concern’s 295-unit luxury apartment community in the suburban Washington, D.C., city of Silver Spring, Md.