Washington D.C.
GreenOak JV Pounces on the Lion Building
JBG Smith traded the eight-story, 157,000-square-foot Class B office asset in Washington, D.C. The purchase price was $65 million.
Queensgate Acquires DC Hotel for $54M
The company acquired the 148-key Courtyard by Marriott Washington, D.C., from affiliates of Quadrangle Development and Capstone, with plans to reopen the property under the Generator flag.
Law Firm Michael Best Comes to The Wharf
Starting February 2019, the company will occupy 30,404 square feet, combining two local operations at the 1000 Main building in Washington, D.C.
DC Retail Center Lands $61M Financing
Walker & Dunlop arranged the loan for The Shops at Dakota Crossing, a 140,000-square-foot retail center. This will replace the existing construction capital stack with a stretch senior bridge loan.
DC Office Building Commands $157M
The Mount Vernon Triangle property was completed in 1973 and, following complete renovations in 2010, achieved LEED Platinum certification.
Big Leases, Coworking Power Metro DC’s Office Market
A new CBRE report illustrates the strength that large deals, mostly by governmental entities, and the ongoing surge in coworking space are bringing to the market.
Marcus Partners Lands $37M Refi for MD Office Campus
The company recently completed a renovation of the two buildings following their purchase in 2015. The Class A properties have more than 250,000 square feet between them.
Cerner Leases 38 KSF at Tallest Tower in Metro DC
Last year, Nestlé USA also moved its headquarters to the 35-story, LEED Platinum-certified tower in Arlington’s Rosslyn neighborhood. Cerner will occupy the 14th and part of the 12th floors.
Aligned Energy Lands $375M Loan From Goldman Sachs
The data center provider will use the financing to build its recently announced campus in Northern Virginia and fund other expansion projects around the U.S.
Exan Capital Snags $121M DC Office Tower
Located in the East End submarket, Executive Tower comprises 130,000 square feet across 11 stories. The seller, JBG Smith, previously purchased the asset back in 2013 for $63 million.