Washington D.C.
Economy Watch: Athens Burns, but Bailout Deal Might at Last Be Done
The Greek Parliament enacted new austerity measures to appease the EU, and citizens took to the streets in protest. Details of President Obama’s fiscal 2013 budget leaked over the weekend. And a Reuters poll showed a small retreat in customer sentiment in mid-February.
Spyes to Get New Campus in Bethesda
By Adrian Maties, Associate Editor
On Feb. 2, the National Capital Planning Commission approved a master plan for a new $300 million federal intelligence community campus in Bethesda. The project will create about 3,000 jobs.
The U.S. Army Corps of Engineers will […]
GSA Taps Trump for $200M Redevelopment of D.C.'s Old Post Office Building
The U.S. General Services Administration has selected the Trump Organization as its preferred team to handle a $200 million redevelopment of the Old Post Office building and annex in Washington’s Federal Triangle neighborhood, turning the structure into a luxury hotel.
Are Government Agencies Still Desirable Tenants?
With the severe budget cuts, and in many cases outright downsizing, hitting all levels of government, are government tenants as desirable to office building managers and owners as they were pre–Great Recession?
Cassidy Turley to Provide Leasing Services for 2.2 MSF D.C. Development
Cassidy Turley becomes part of a landmark development in Washington, D.C., with Property Group Partners’ selection of the firm to serve as the exclusive leasing services provider for the I-395 Air Rights Development.
American Campus Communities Invests in DC Student Housing; Penzance Signs Naval Analysis Center in Clarendon
By Adrian Maties, Associate Editor
American Campus Communities Inc. has acquired full operational control of the 901-bed Varsity in College Park apartments. The Austin-based company paid $96.6 million for 79.5 percent of the existing entity that owns the Varsity.
Completed last year […]
Paramount Group Buys 12-Story, 207 KSF D.C. Office Building
The latest purchase in the D.C. market comes courtesy of Paramount Group Inc., on behalf of Paramount Group Real Estate Fund IV, which picked up the 12-story building at 2099 Pennsylvania Ave.
Hensel Phelps Wins Contract to Build Social Security Center
By Adrian Maties, Associate Editor
The U.S. General Services Administration announced it has awarded a $191.6 million contract to Chantilly, Va.–based Hensel Phelps Construction Co. for the design and construction of a new Social Security Administration data center in Urbana. The […]
Studley, Boyd Execs Form D.C. Tenant-Representation Firm
Three real estate industry veterans have joined forces on the launching of a new services firm, Serten Advisors, designed to provide commercial real estate services exclusively to tenants in metropolitan Washington, D.C.
CBRE Global Investors Markets 300 Massachusetts Ave.
By Adrian Maties, Associate Editor
CBRE Global Investors is marketing 300 Massachusetts Ave., N.W., in an attempt to take advantage of Washington, D.C.’s flourishing apartment sector, “Real Estate Alert” reported. The 371-unit Class A apartment community is expected to attract bids […]