Washington D.C.
CPE Announces the 2013 Distinguished Achievement Award Winners
CPE is proud to present the winners of the 2013 Distinguished Achievement Awards.
JBG Debuts 474-Unit M-F Project Near Rosslyn Metro; Luxury Condo Conversion in Pipeline
Arlington County officials joined the JBG Cos. on the morning of June 19 to celebrate the opening of Sedona|Slate, a modern mixed-use community in the Rosslyn area. It is the first Arlington County development slated to earn LEED Gold certification.
Howard Hughes to Start Landmark Mall Remake in Spring 2014
Earlier this year, the Howard Hughes Corporation has submitted plans to the City of Alexandria for redevelopment of the portion of Landmark Mall between the existing Sears and Macy’s stores. On Monday, June 17, the Dallas-based owner, manager and developer of commercial, residential and mixed-use real estate announced it has received unanimous approval for its rezoning plans for the property.
KBS REIT III Buys Three-Property Office Portfolio for $269M
KBS Real Estate Investment Trust III has kicked off summer with its largest purchase of the year. The REIT just completed the $269 million acquisition of a 1 million-square-foot group of three office properties in Dallas and suburban Washington, D.C., known as the National Office Portfolio from CBRE Global Investors.
Morgan, DRA Buy 620-Unit Northampton Apartments in Largo, Md.
The 620-unit Northampton Apartments in Largo, Md., located roughly 15 miles outside of Washington, D.C., has come under new ownership. Acting in a partnership, Morgan Properties and DRA Advisors acquired the multi-family property from Equity Residential for approximately $95 million.
Major Renovations Planned for 7900 Westpark Drive in Tysons Corner
Washington Real Estate Investment Trust has recently announced a major renovation plan for 7900 Westpark Drive, a Class A office complex in the hub of Tysons Corner, Virginia. It has also selected Jones Lang LaSalle to market the property.
JLL Secures $112M in Non-Recourse Financing for Office Complex in Suburban DC
With the assistance of Jones Lang LaSalle’s Capital Markets division, the California State Teachers Retirement System has landed $112 million in financing for Lincoln Place, a 503,800-square-foot office complex in Arlington, Va.
Lerner to Start Construction on Windmill Parc Luxury Apartment Community in Dulles Town Center
Lerner Enterprises, one of Washington, D.C.’s largest private real estate developers, has announced last week it started construction on the Windmill Parc at Dulles Town Center. This new luxury apartment home community will open in phases, with the first residents moving in next year.
First Potomac to Sell Industrial Properties for $259M as Part of Strategic Plan
First Potomac Realty Trust announced on Monday, May 20, it has entered into two separate contracts to sell a portfolio of 24 industrial properties for a total of $259 million.
Liberty Property Buys 291 KSF Office Building in DC for $133M
Liberty Property Trust acquired 2100 M St., N.W., Class B-plus, 291,000-square-office building in Washington, D.C., that has the potential to add more than 100,000 square feet, for $133 million from Hines.