Washington D.C.
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 […]
Mitsui Fudosan Takes 80% Stake in D.C.'s Homer Building for $252M
Mitsui Fudosan America Inc. has completed the acquisition of an 80 percent interest in The Homer Building, a premier office property just blocks from the White House in Washington, D.C.
$300M National Museum of the United States Army to Open at Fort Belvoir
By Adrian Maties, Associate Editor
After almost 200 years of preparation and delays, Virginia’s Fort Belvoir, one of the country’s most prominent defense installations, will become home to a $300 million, 175,000-square-foot, state-of-the-art museum built to honor America’s soldiers and tell […]
General Services Administration Signs 254 KSF Lease in D.C.
The U.S. Small Business Association is staying put in its digs at the 420,100-square-foot Washington Office Center in Washington, D.C., as the U.S. General Services Administration just entered into a new lease renewal agreement with Vornado/Charles E. Smith for the SBA’s approximately 254,300-square-foot headquarters at the office property.
Retail Roundup: Jenkins Sells 50 KSF D.C. Asset, Terramar Acquires Washington State Center for $35M
From coast to coast, retail transactions are closing one after the other. Among the grocery-anchored assets involved in the first deals of 2012 are the 50,600-square-foot Jenkins Row Retail in Washington, D.C., and the 130,800-square-foot Canyon Park Place in suburban Seattle.
421,900-SF Suburban D.C. Office Complex Trades for $125.7M
Centerpointe I & II, a Class A office property in Fairfax, Va., has come the ownership of Carr Properties Income Trust, courtesy of a transaction valued at $125.7 million, including $3 million of closing-cost credits for capital improvements.
Home Properties Buys Apartment Community for $93M
By Adrian Maties, Associate Editor
On Nov. 30, Home Properties Inc. purchased The Courts at Dulles apartment community. It paid paid $92.8 million in cash, or $226,000 per unit for the 411-unit property.
The Courts at Dulles was built in 2000. Located in […]
UDR JVs with Kuwait Finance House on $154M D.C. Apartment Buy
UDR Inc. and joint venture partner Kuwait Finance House continue to augment their Washington, D.C.-area apartment portfolio with the $154 million acquisition of 1301 Thomas Circle.