Washington D.C.
CommonWealth Buys Trophy D.C. Building from Shorenstein for $198M
Hamilton Square, a former department store repurposed into an office building situated only a block from the White House, has been purchased by CommonWealth Partners from Shorenstein Properties for $198 million.
International Law Firm Signs as Anchor Tenant for $950M CityCenterDC Project
International law firm Covington & Burling L.L.P.’s search for its new global headquarters in Washington, D.C., has ended with it agreeing to become the anchor office tenant in the $950 million CityCenterDC mixed-use project, signing a letter of intent to occupy approximately 420,000 square feet of space.
Home Properties Buys Two Virginia Apartment Communities for $112.2M
By Adrian Maties, Associate Editor Home Properties Inc. (NYSE: HME) on May 23 announced that it paid a total of $112.2 million in recent weeks for the acquisition of two Virginia apartment communities. Hunter’s Crossing in Leesburg was purchased on May 11 for $16.2 million, or approximately $99,000 per apartment unit. Woodway at Trinity Centre in […]
Monday Properties Selects CBRE to Market 1812 North Moore Street
By Adrian Maties, Associate Editor When finished, the building Monday Properties is constructing at 1812 N. Moore St. in Rosslyn, Va., will be the tallest office tower in the Washington, D.C., region. It will offer sensational views of Washington’s monuments across the Potomac River, as well as more than half a million square feet […]
1776 Massachusetts Ave. Sells for $45.5M to ELV Associates
By Adrian Maties, Associate Editor ELV Associates acquired 1776 Massachusetts Ave., N.W., paying $45.5 million, or about $498.29 per square foot. The Boston-based real estate investment and management firm acquired the building from 1776 Mass Ave. L.L.C., an affiliate of New York’s Joss Realty Partners L.L.C. The property was built in 1970 and stands eight […]
KBR to Construct Luxury Aurora High-Rise in North Bethesda
By Adrian Maties, Associate Editor LCOR, a leading real estate development company, has awarded a contract last week to the KBR Building Group to provide construction services for an 18-story luxury high-rise residential project in North Bethesda, Md. Named the Aurora, it will be the second of four high-rise residential buildings LCOR plans to construct […]
J.P. Morgan Buys Two Washington D.C. Apartment Buildings
By Adrian Maties, Associate Editor J.P. Morgan Asset Management, a division of J.P. Morgan Chase, recently acquired the 909 at Capitol Yards and the Axiom at Capitol Yards, two apartment buildings located in Washington, D.C.’s Capitol Riverfront neighborhood. J.P. Morgan Asset Management acted on behalf of institutional investors. A few months ago, the two buildings were […]
Lingerfelt Development Begins Work on $100M Complex for Health Diagnostic Laboratory
By Adrian Maties, Associate Editor Lingerfelt Development announced it has started demolition at the 34-acre Virginia BioTechnology Research Park in downtown Richmond. BioTech 3 is coming down to make way for the construction of a new complex that will serve as headquarters for Health Diagnostic Laboratory (HDL) Inc., a fast-growing CLIA-certified and CAP-accredited clinical laboratory. Plans […]
StonebridgeCarras, PN Hoffman, Northwestern Mutual Begin Construction on $200M Mixed-Use Project in Maryland
Four months after StonebridgeCarras and PN Hoffman formed a joint venture with Northwestern Mutual to develop a $200 million mixed-use property on the 3.3-acre parcel known as Lot 31 in Bethesda, Md., the site has kicked off construction.
Bozzuto’s 116-Unit vPoint Celebrates Grand Opening
By Adrian Maties, Associate Editor
vPoint, a new high-rise, mixed-income apartment community, celebrated its grand opening in Clarendon, a popular Arlington neighborhood, on April 12. The Class A apartment complex was co-developed by Bozzuto Development Co. and Chesapeake Community Advisors in partnership with the Arlington County, Va., Housing Development Authority (VHDA) and The Views at Clarendon […]