Washington D.C.
Two Multi-Family Buildings Move in D.C.
In two separate transactions in as many days, two large apartment buildings have changed hands in the D.C. area: The 359 KSF Montpelier Crossing was sold to Federal Capital Partners and Equity Residential took The Chase at Bethesda Metro.
Mitsui Fudosan America to Buy Majority Stake in D.C.’s Homer Building
By Adrian Maties, Associate Editor
Mitsui Fudosan America Inc. (MFA), the U.S. subsidiary of Japan’s largest real estate company, Mitsui Fudosan Co., will pay $315 million, or about $746 per square foot, for ING Office Fund’s 80 percent stake in 601 […]
StonebridgeCarras, Northwestern Mutual JV for $200M Mixed-Use Development
StonebridgeCarras and PN Hoffman’s massive $200 million mixed-use project in Bethesda, Md., has gotten a big financial boost with the partners’ formation of a joint venture with Northwestern Mutual.
Washington REIT to JV with Trammell Crow on $95M Virginia Apartment Community
Capitalizing on the growing demand for residential rentals in metropolitan Washington, D.C., Washington Real Estate Investment Trust has entered into a joint venture with Trammell Crow Co. to build an apartment high-rise in Alexandria, Va., for $95 million.
Work Starts on $300M CityMarket at O Project
By Adrian Maties, Associate Editor
On Nov. 18, work finally began on the the $300 million CityMarket at O, a 1 million-square-foot mixed-use project in Washington, D.C.’s historic Shaw neighborhood. It is one of 14 U.S. infrastructure projects selected by the […]
A $76M Sale, a Possible Revival for D.C.’s Watergate
Penzance has just purchased its own slice of American history for the price of $76 million, picking up one of the two office towers in the iconic Washington, D.C.-based Watergate complex.
Impactful Women
Five remarkable women were awarded CREW Network’s 2011 Impact Awards. CPE offers videotaped insights and written profiles of these pioneers, negotiators and mediators — specializing in development, service and finance.
Cassidy Turley Secures $95M Permanent Financing for Class A Building in Washington, D.C.
Cassidy Turley has secured a $95 million permanent loan for the McPherson Building, which overlooks Washington, D.C.’s McPherson Square Park.
Penzance, American Realty JV for D.C.’s 1130 Connecticut Ave.
Penzance finds a new partner in the ownership of the Class A office tower at 1130 Connecticut Ave. in Washington, D.C., through the establishment of a new joint venture with American Realty Advisors. ARA purchased a stake in the building previously owned by Greenstreet Real Estate Partners.
Vornado Buys Washington Office Tower for $104M
By Adrian Maties, Associate Editor
Vornado Realty Trust announced last week that it will acquire full ownership of 1399 New York Ave., N.W., for $104 million. The New York-based real estate investment trust previously held a 2.5 percent minority stake in […]