Washington D.C.
WRIT Purchases 345 KSF Suburban D.C. Office for $101M
A week after closing the first phase of a $350 million industrial portfolio, Washington Real Estate Investment Trust has sprung for the all-cash acquisition of Braddock Place, a 345,000-square-foot office complex in the Old Town section of Alexandria, Va.
RiverOak Launches $300M Retail Fund
RiverOak Investment Corp. L.L.C. is setting its sights on urban retail primed for repositioning with the initiation of a new investment vehicle, RiverOak Urban Retail Investors Fund I, with the goal of securing commitments totaling $300 million.
Brookfield Office Properties Spends $150M for 3 Bethesda Metro Center
The 17-story, 368,400-square-foot 3 Bethesda Metro Center has changed hands, with Brookfield Office Properties spending $150.1 million to purchase it from Meridian Group.
$2.4M Renovation Planned for Meridian Hill Apartments; VCU Adds Student Housing Complex
By Veronica Grecu, Associate Editor
A 52-unit residential property located at 2359-2401 Ontario Road in the Adams-Morgan neighborhood was sold this week by Ontario Partners L.L.C. for $4.2 million. According to an official statement, the Meridian Hill apartment building was acquired […]
$93M Refi for Mixed-Use D.C. Apartments
Vaughan Place at McLean Gardens, a 389-residence mixed-use apartment complex in Washington, D.C., has been refinanced to the tune of $93 million, courtesy of a loan provided by Walker & Dunlop Inc.
AREA, Adler Group Close First Phase of $350M Portfolio Purchase from WRIT
AREA Property Partners and Adler Group, acting together in a joint venture as AP AG Portfolio L.L.C., have completed the first step in acquiring a 3.1 million-square-foot portfolio of office and industrial properties from Washington Real Estate Investment Trust.
EatWell, A-Deli Italian Expand in D.C.; New Class A Office for First Potomac
By Veronica Grecu, Associate Editor
EatWell DC–a local restaurant management company that owns The Heights, Grillfish, Logan Tavern and the Commissary–last week announced plans to open its fifth concept restaurant, to be called The Pig. According to a press release, the […]
Spear Street Gets 244 KSF Suburban D.C. Office Building for $64.4M
Acting on behalf of the California State Teachers Retirement System, Clarion Partners sold the asset at 1881 Campus Commons Drive in Reston, Va., to Spear Street Capital for $64.4 million.
District’s Neighborhoods Evolve as Hispanics Seek Affordable Housing
By Veronica Grecu, Associate Editor
According to Census Bureau data, Washington neighborhoods marked by a strong Hispanic presence are in for some major demographic changes, the Washington Examiner reported.
In neighborhoods noted for a high cost of living, such as Mount Pleasant and […]
Office, Data-Center Portfolio Sold for $138.5M in D.C. Area
Tysons East Metro Portfolio, a five-building complex encompassing approximately 310,800 square feet of office-and-data-center space in McLean, Va., has found a new home for the price of $138.5 million.