Washington D.C.
The Outlook for Investing in Secondary and Tertiary Markets
Key takeaways from the recent MHN-CPE webinar “Secondary and Tertiary Markets: Identifying, Finding and Investing in Commercial Real Estate Opportunities.”
New NYU Academic Center Opens–in Washington, DC
By Adrian Maties, Associate Editor New York University, the world’s first Global Network University, opened a new academic facility in Washington, D.C., on Sept. 24. It will give NYU students a chance to study “abroad” (or “study away,” as the case may be) in the nation’s capital. NYU president John Sexton and board of trustees […]
Insight Buys Site Near Huntington Metro with Plans for Work $52M Apartment Project
By Adrian Maties, Associate Editor Insight Property Group L.L.C., a multifamily developer founded by longtime multifamily industry veterans Richard Hausler and Michael Blum in late 2009, on Sept. 11 announced the acquisition of 3.4 acres of land in the Alexandria section of Fairfax County, Va. It plans to use the site for a new metro-oriented luxury […]
Apartment Communities Sell in Metro Area
By Adrian Maties, Associate Editor Investors are looking to capitalize on the high demand for apartments in the Washington, D.C., metro area. From affordable housing to luxury condos, apartment communities have been seeing a lot of activity. In the past week, two apartment complexes sold in the Washington, D.C., metro area, totaling 1,005 units. One […]
HFF Closes $121.4M Carroll Square Leasehold Sale
By Adrian Maties, Associate Editor Holliday Fenoglio Fowler L.P. it has closed the leasehold sale of downtown Washington, D.C.’s Carroll Square. HFF represented the seller, Seaton Benkowski & Partners. The property was acquired by Munich-based GLL Real Estate Partners for $121.4 million. The German real estate investment advisor has also assumed an existing loan on the […]
First Potomac Sells Stake in 1200 17th St., N.W., for $43.7M
By Adrian Maties, Associate Editor First Potomac Realty Trust last week announced the sale of its 95 percent stake in 1200 17th St., N.W., in downtown Washington, D.C., for $43.7 million as part of a larger analysis of its development pipeline. First Potomac acquired the property in a joint venture with Akridge from the National […]
Kreiger JV Buys Villas at Langley; Grady Management Prepares to Start M-F
By Adrian Maties, Associate Editor Sawyer Realty Holdings sold the Villas at Langley, an apartment complex in Hyattsville, to Krieger Boulevard L.L.C. and Krieger Skyline L.L.C. The cost of the transaction was $48 million, or about $81,000 per unit. Transwestern’s Mid-Atlantic multifamily group represented the seller. The Villas at Langley is a 590-unit complex located at […]
D.C.’s Westory Building Changes Hands
By Adrian Maties, Associate Editor An open-ended fund managed by Deka Immobilien Investment GMBH of Germany recently sold the Westory Building to New York Life Insurance Co. for $159.4 million, or $590 per square foot. Carr Properties negotiated the transaction. Savills L.L.C. advised the open-ended property fund managed by Deka in the sale. The Westory was […]
Clark Awarded $215M Inova Women’s Hospital & Children’s Hospital Construction Contract
By Adrian Maties, Associate Editor The Clark Construction Group recently announced its selection by Inova Health System to build the 665,000-square-foot Inova Women’s Hospital & Children’s Hospital, the largest phase of its capital improvement program. Clark is currently the top-ranked general contractor in Modern Healthcare’s Construction & Design Survey, with more than $1 billion in […]
Macerich Taps Developers for $600M Mixed-Use Suburban D.C. Project
Hines, Kettler and Woodbine Development Corp. will integrate office, residential and hotel components into the 44-year-old Tysons Corner Center regional mall.