Washington D.C.
Washington is Top Investor Choice Again as Tough 2012 Looms: PwC/ULI Survey
Survey participants predict that 2012 will see more properties for sale but diminished buyer enthusiasm.
Gilbane to Develop Housing Facility, Lab Space for George Mason University
By Veronica Grecu, Associate Editor
George Mason University has chosen Providence, R.I.-based Gilbane Development Co., a division of Gilbane Inc., and Baltimore-based architecture firm Canon Design to design, build, finance and lease two new developments. According to a Gilbane press release, […]
New Housing Complex for D.C. Homeless; Bethesda Property Wins LEED Silver
By Veronica Grecu, Associate Editor
The first of three housing complexes for homeless people planned by the District government was inaugurated last week by Mayor Vincent Gray and other city officials during a ribbon-cutting ceremony. Starting next month, the Mississippi Avenue […]
Carr Hospitality, InterContinental Plan Southwest Waterfront Hotel
By Veronica Grecu, Associate Editor
Washington, D.C.-based Carr Hospitality and InterContinental Hotels Group plan to create a four-star hotel on the Southwest Waterfront as part of a $2 billion redevelopment, The Wharf. The mixed-use neighborhood, a joint venture between developers PN […]
Penzance Purchases 155 KSF D.C. Suburb Office Building for $67M
Penzance just purchased the 154,922-square-foot office building at 1555 Wilson Blvd. in Arlington, Va., from Stuart H. Miller Co. for $67 million. The property is located in the bustling Rosslyn-Courthouse-Ballston Corridor.
Grosvenor Purchases The Campus at Sunrise for $63M
Grosvenor Americas just acquired The Campus at Sunrise in Reston, Va., for $63 million after purchasing it from BPG Properties Ltd.
MetLife Makes $550M in Loans for Class A Properties in San Fran, D.C.
MetLife has originated a $300 million loan for San Francisco’s Bank of America Center and an additional $250 million in loans for the Washington Square Building in Washington, D.C.
Zuckerman Proposes Conversion of Harrison Flats for Hotel Use; Virginia Properties Trade Hands
By Veronica Grecu, Associate Editor
Zuckerman Brothers Inc. has a new restoration and reuse plan for Harrison Flats, the District’s oldest conventional apartment building. According to DCmud, the 123-year-old property was purchased by Zuckerman Brothers in June 2010 for $8.5 million. […]
Saul Takes Three Grocery-Anchored Shopping Centers for $168.5M
Saul Centers Inc. has increased its footprint in the metropolitan Washington, D.C./Baltimore area by 635,000 square feet with the purchase of three shopping centers for $168.5 million.
Accenture Relocates to D.C. from Reston, Investors Snap Up D.C.-Area Properties
By Veronica Grecu, Associate Editor
Global management consulting, technology services and outsourcing company Accenture PLC will relocate its Reston Town Center operations to a new facility located at 800 N. Glebe Road in Arlington. The lease agreement was confirmed this week […]