Washington D.C.
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 […]
AREA Scores Again, Takes $40.9M M-F Community in Alexandria, Va.
AREA Property Partners has nabbed the Heritage at Old Town, a 244-unit apartment community in the Old Town section of Alexandria, Va., for $40.9 million.
WRIT Shells Out $73.5M for 233 KSF Suburban D.C. Office
Washington Real Estate Investment Trust continues to fill the gaps with Washington, D.C.-area assets, with the $73.5 million purchase of John Marshall II in Tysons Corner, Va.
FEATURE: CREW Network Honors Impact, Excellence Award Winners
The Commercial Real Estate Women Network last night unveiled the winners of the new Impact Awards during the 2011 Convention & Marketplace near Washington, D.C.