Washington D.C.
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.
Tishman Sells D.C. Office for $180M
The Rockefeller Group, in a joint venture with Mitsubishi Estate New York, has just purchased Washington, D.C.’s 1100 First St. NE from an affiliate of Tishman Speyer for $180 million.
Developers Find Financing for Projects
Developers are finding ready financing for their projects, including $66 million for a D.C. multi-family, $50 million for Las Vegas retail and $70 million for a Michigan apartment complex.
Montgomery County, Percontee Plan $3B LifeSci Village
By Adrian Maties, Associate Editor
Last week, Montgomery County partnered with local developer Percontee Inc. to redevelop 300 acres in White Oak. Site 2, a former Washington Suburban Sanitary Commission sludge processing facility, will become LifeSci Village, a mixed-use campus designed […]