Washington D.C.
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.
Lubert-Adler Buys Huntington Point Apartments for $78M, Amasses $2B M-F Portfolio
Lubert-Adler, a real estate investment company based in Philadelphia, recently purchased the Huntington Point apartment complex in Alexandria, Virginia. With this, its latest acquisition, Lubert-Adler has amassed a multifamily portfolio valued at approximately $2 billion for its domestic institutional investors.
The Meridian Group Acquires SAIC Corporate Headquarters in Northern Virginia
The Meridian Group acquired Science Applications International Corp.’s landmark 18-acre corporate headquarters campus at Tysons Corner.
Normandy Hotel Sells in Washington
Modus Hotels, a Washington, D.C.-based owner and operator of lifestyle hotels, has partnered with Alex. Brown Realty (ABR), a real estate manager based in Baltimore, to purchase the Normandy Hotel in Washington, D.C.’s Dupont Circle. ABR Chesapeake Fund IV, a value-added real estate fund sponsored by ABR, invested in the venture.
Tanger, Peterson Cos. to Develop Upscale Outlet Center in Clarksburg
Tanger Factory Outlet Centers Inc., a publicly-traded REIT headquartered in Greensboro, North Carolina, and The Peterson Cos., one of the largest privately-owned real estate development companies in the Washington, D.C. region, have joined forces to bring a new, upscale outlet center to the Washington, D.C. metro area.
The District, Woodvale Apartments Change Hands as D.C.’s Apartment Market Heats Up
Apartments in the Washington, D.C. metro area are selling fast and for a lot of money. Just this past month, investors paid close to one billion dollars for properties totaling around 3,500 units.
Ivanhoé JV Joins Goldman, Greystar in 27 M-F Properties
Ivanhoé Cambridge has made its largest multi-family investment, joining a partnership of Goldman, Sachs & Co. and Greystar in the $1.5 billion acquisition of 8,010 multi-family units from Equity Residential.
Dweck Properties Nabs Two DC Towers for Record $322M
In what is a record-setting deal, Dweck Properties has purchased Archstone Crystal Towers, located in Arlington, Va., for $322 million.