Washington D.C.
J.P. Morgan, JBG Smith Sell DC Office Tower for $385M
Ponte Gadea, the investment arm of billionaire Amancio Ortega, purchased the 401,000-square-foot building at 1501 K St. NW.
HFF Secures NoVa Office Building Refi
The owner of 7600 Leesburg Pike in Tysons, Va., received a $32 million floating-rate mortgage to both refinance its 2014 acquisition loan and renovate the Class B asset.
DC’s Warner Center Commands $377M
JBG Smith sold the historic Pennsylvania Avenue property. The 583,453-square-foot Class A office asset was 98 percent leased at the time of the sale.
Meridian Group Purchases VA Office Building
The buyer plans to renovate the LEED Gold-certified property, which sits in the Rosslyn-Ballston Corridor and is well connected to the rest of the metro.
Bridge Investment Group Acquires DC Office Complex
The 510,200-square-foot office complex in Silver Spring, Md., which comprises three buildings, will undergo a $12 million upgrade.
Akridge, Stars Acquire 116 KSF DC Property
In their second joint venture, the partners purchased 1025 Vermont Ave. NW from Carr Properties in a $48.5 million transaction.
WeWork Expands VA Footprint
The company is set to occupy more than 80,000 square feet at CEB Tower at Central Place in Rosslyn, a JBG Smith property.
Twenty Lake Holdings Purchases Foreclosed Office Assets in VA
The seller, Massachusetts Mutual Life Insurance Co., came into possession of the Class A WillowWood III and IV in March 2016.
U.S. Bank Sells NoVa Office Property
The bank sold the approximately 67,000-square-foot Class B building for $10 million, having taken control of the asset through a foreclosure in mid-2017.
Eastern Union Funding Arranges Financing for MD Storage
Developer Poverni Sheikh Group has received more than $9 million to construct a 950-unit self storage facility in District Heights, Md.