Washington D.C.
114-Unit Adams Morgan Apartment Building Sells for $26M
By Adrian Maties, Associate Editor
Washington, D.C.-based Urban Investment Partners L.L.C. and Infinity Real Estate of New York have paid $26 million for a 114-unit apartment building at 1841 Columbia Road, N.W., in Washington, D.C. The Fairfield Residential Co. was the seller. New York-based Arbor Commercial Mortgage provided the acquisition and project debt financing for the […]
Lowe Enterprises Starts $70M Crystal City Office Redevelopment
By Adrian Maties, Associate Editor
Lowe Enterprises hosted a ceremony on March 29 to mark the start of of its $70 million redevelopment of 1400 Crystal Drive in Crystal City, Va. Government, business and civic leaders were present at the event, among them Mary Hughes Hynes, chair of the Arlington County Board, as well as a […]
Lowe to Begin $70M Redevelopment of 13-Story Office Building in D.C. Suburb
Four years after acquiring the property formerly known as 1411 Jefferson Davis Highway in Crystal City, Va., Lowe Enterprises has kicked off a $70 million redevelopment of the building in an endeavor that will become the 308,000-square-foot 1400 Crystal Drive.
BPG's $83M Spend Nets Two Virginia Multi-Family Properties
BPG Properties has made an $83.4 million investment to acquire two multi-family communities in Fredericksburg, Va. Together, the two properties — Greens at Falls Run and Manor at England Run — total 676 units and are 95 percent occupied.
Hamilton Square Expected to Sell for $200M
By Adrian Maties, Associate Editor
Shorenstein Properties has put Hamilton Square, the former Garfinckel’s Department Store at 600 14th St., N.W., on the market. The San Francisco-based real estate investor has retained New York-based real estate investment banking firm Eastdil Secured to […]
Wells Core REIT Purchases 10-Story, 268 KSF Office Building in D.C. Submarket
Wells Core Office Income REIT of Norcross, Ga., has acquired a 10-story Class A office property in Herndon, Va., near Dulles International Airport outside Washington, D.C.
Work to Finally Start on East Campus in 2013
By Adrian Maties, Associate Editor
Back in 2007, the University of Maryland had big plans for its East Campus District. It wanted to transform the 38-acre site into a vibrant environment that would ultimately lead to the revitalization of College Park […]
Minshall Stewart Spends $62M on 10-Story D.C. Office Building
Five years after trading for $66 million, the Class A office building at 2001 L St., N.W., in Washington, D.C., has sold for nearly $62 million to Minshall Stewart Properties.
Invesco, Penzance JV on 280 KSF Mixed-Use D.C. Project
Invesco Real Estate and Penzance have made it official. The two companies just announced the establishment of their joint venture for the development of 3001-3003 Washington Blvd., a 280,000-square-foot mixed-use project in Arlington, Va., just outside of Washington, D.C.
LaSalle Pays $143.8M for DC’s Hotel Palomar
By Adrian Maties, Associate Editor
LaSalle Hotel Properties (NYSE: LHO) announced on March 9 it has acquired the Hotel Palomar in Washington D.C. The real estate investment trust paid $143.8 million for the hotel in an off-market transaction. It is the region’s […]