Washington D.C.
Grubb Properties Enters DC Market
Special servicer C-III Asset Management represented U.S. Bank in the disposition of Argon Plaza in Fairfax, Va. The distressed office building changed hands in a $38.8 million deal.
Finmarc Continues DC-Area Expansion With 115 KSF Mixed-Use
Stone Industrial Campus in College Park, Md. traded for $6.2 million. The property comprises a manufacturing building, a warehouse and an office component.
Sotherly Buys $81M Hyatt Centric in VA
Berkadia’s Hotels and Hospitality Group facilitated the sale and arranged financing for the acquisition of the 318-key Hyatt Centric Arlington.
JV Buys Class A Office in Downtown DC
Following the $100 million acquisition, DSC Partners and Wafra Inc. intend to reposition the 178,000-square-foot asset with a $5 million upgrade program.
JPMorgan Chase Buys DC Building for Regional HQ
JBG Smith sold the 231,000-square-foot Class A office asset in the city’s CBD for $140 million. The global financial services giant is expected to move in by 2021.
La-Z-Boy Signs 221 KSF Full-Building Lease in MD
The building is located within the 3.2 million-square-foot Collington Trade Center in Upper Marlboro. The manufacturing company is planning to transfer its distribution and logistics operation into the facility by fall 2018.
Dual-Branded DC Hotel Achieves LEED Gold
The property, which features a 238-key Hyatt House and a 175-key Canopy by Hilton, has outperformed its original USGBC certification target.
Marcus & Millichap Appoints New DC Regional Manager
Matthew Drane will be in charge of expanding the firm’s investment services, working closely with agents and investors. He has been with the firm since 2012, serving most recently as associate regional manager.
Appian to Relocate Corporate HQ to Tysons, VA
The software company will serve as the anchor tenant at Valo Park, a recently redesigned, 785,000-square-foot trophy office campus.
Kiddar Capital to Build New VA HQ
The up-and-coming Falls Church mixed-use project will bring 74,000 square feet of office space, 295 residential units and 25,000 square feet of retail to the market, boosting the local economy.