Washington D.C.
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 […]
Salus Spends $57M in D.C.’s Rosslyn Corridor
In another deal for the Washington, D.C., metro area’s Rosslyn Corridor, Salus Property Investments has purchased 1400 Wilson Blvd. for $57 million.
Work Begins on Catholic University Project
By Adrian Maties, Associate Editor
Abdo Development, The Bozzuto Group and Pritzker Realty Group have started work this week on a project that will change the face of Washington’s Brookland neighborhood. It will transform The Catholic University of America’s South Campus […]
Vornado’s Latest D.C. Deal to Support More Focused Strategy
Vornado Realty Trust has entered into an agreement to acquire Washington, D.C.’s Executive Tower, an 11-story, 130,000-square-foot Class A trophy office building in which it already owns a 2.5 percent stake.
$1.2B in Projects Under Way Downtown
By Adrian Maties, Associate Editor
Big development projects are a rare commodity these days, but Washington, D.C., has its fair share. Among the millions of dollars being invested in massive projects and property renovations creating new jobs and improving the local […]
Home Properties Buys Alexandria’s Newport Village for $205M
By Adrian Maties, Associate Editor
Home Properties Inc. has paid $205 million for the Newport Village in Alexandria, Va., making it the largest acquisition in the company’s history in terms of price paid for an asset. The apartment community was purchased […]
MEPT Purchases Two D.C. Retail Centers for $127M
Purchased in two separate transactions, Multi-Employer Property Trust has grabbed two grocery-anchored properties, with an aggregate 524,000 square feet, for a combined price tag of $122.6 million.
A Look Ahead: Opportunities in a Changing World from ULI
Success in real estate requires optimism and the ability to identify opportunity under any circumstances. This year’s Urban Land Institute Fall Meeting opened with plenty of advice for tackling both short-term challenges and long-term market shifts.